Tuesday, October 17, 2017

Divergence In SPX and RUT 10-17-17

RUT made couple attempts to push up but met with sellers while SPX and NASDAQ continued to inch up booking new highs. RUT closed down 0.33% below its recent lows. However the bull flag is still holding so it could snap back any time.

Made 12 trades with a new stock bull put position. W was stand out from my scan down near 3% from its recent high. In branching out to ETF and stock options there is definitely learning curve. My recent ACRX bull put trade is under water now. Rolled 2 of my deep ITM RUT bear calls taking advantage of the small pull back and collected decent premiums. I have 6 such ITM positions to roll in next two days. Also need to protect some of the gains in small cars.

Net liq gained 3.5K. Margin is above 50% before the weekend. I will need to buy hedges on both side for next week.

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