Big banks, JPM and C reported earnings this morning and easily beat their estimates. They were sold off as it happens often. Majors pretty much under water slightly today. They bull flag patterns are intact.
Made 12 trades. Sold another biotech, ACRX which dropped 60%, from $5 to $2. I sold some 2.5 puts which is the lowest available. I plan to get assigned if it's still under $2.5 by Oct 20th. Then wait for it recovers. Rolled out 2 of 4 ITM calls in large cars and couple of small cars. I plan to leave a SPY and a QQQ long call for assignment, thinking to hold some shares in case market pops on tax reform. Margin is on put side now. I tried to buy hedges on both side but couldn't get filled on this small range day.
Net liq is choppy too. It moved within 2K range. Margin ratio is right at 50%. Need to boost it before this weekend.
No comments:
Post a Comment