Tuesday, October 24, 2017

An Inside Day 10-24-17

Market tried to lift up on Dow components good earnings. But closed on the lower side of day. May we see a small pull back before the tax bill release? Both SPY and QQQ MACDs are turning downwards but not crossing yet. RUT is in a squeeze pattern, likely to break out to the upside.

Made 7 trades today. Rolled my RUT 1400 ITM bear call up 5 pts. Sold a set put on GE, trying to recover from a bad call I made for a client. The rest of them were just extensions of some small cars on call side. Not much premiums were collected.

Net liq stayed in range. Margin ratio is down to 36% and it's on the put side. I will fix it before end of this week.

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