Market opened in positive territory. To my surprise a quick pop after the House passed the budget resolution was faded. I was going to buy couple near the money before the vote but couldn't determine the time of vote. It feels the market is not as strong as last time when Senator passed the budget resolution. I will still try to position more longs before the tax reform plan released next Wednesday. It was a boring day as I couldn't find many opportunity to get good premiums. My hands were tied since margin is on put side.
Made 7 trades. Most of them were adjust small cars as they were losing value fast due to the approach of expiry date. I had to sell 2 to buy 1 hence reduced my long calls. It could be a mistake for next week. I sold couple EWZ put for clients. That was all. AMZN, GOOG and MSFT reported better than expected earnings after hour. We may see more movements tomorrow.
Net liq still in a small range. Margin ratio is at 46%. I have one more ITM and several ATM positions to deal with tomorrow.
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