Major indexes continued to inch up. Dow, SPX and NASDAQ recorded new ATHs again. They are grinding up daily in small percentages. Luckily RUT failed to follow the pack. It run up in the early session then fall back to close down 0.02%. MACD is still to the down side but RSI is off the peak. RUT is still holding the bull flag and consolidating unless it break below 1490. This may not happen until earnings session winding down.
Made 11 trades. Bought some ACRX Dec $2.5 calls as it fall below $2 today. Our puts are in trouble now. My plan is to buy some calls using part of the premiums from selling the puts. ACRX may get a bounce since its dug was not totally rejected by FDA. It was asked to provide more test result. But it could be a loss on both side. I should have check related news before I place the order today. Also sold put spreads base on Terry's Tip. It was an aggressive trade selling put at current price. The rest of them were just spinning wheels. I need to figure out a way to take more directional bets with the current up trend.
Net liq stuck in the same range of 115K. A 1% pop in RUT will put me in trouble again. Margin is at 50% and stayed on the put side for now.
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