Monday, November 6, 2017

Grinding Up 11-6-17

Major indices continued to grind up and marking new highs. It seams the only way the market is going now a days. Only RUT didn't make new high but it's coiling up around 1500. The narrowing B band indicating a likely expansion to the upside. MACD is also working out its lows. I guess it's waiting for the tax bill development.

Made 9 trades today. I locked and rolled some of my ITM SPY and QQQ long calls. I don't want to loss my hedging long positions, especially when they are in the money. The RUT PS in ET got closed today. I will try to roll the ITM calls tomorrow. Started selling TSLA PS again after its disappointing ER. I also added 2 IWM long calls with 2:1 ratio calendar long using some money made from QQQ and SPY.

Net liq is still in range bound. I had to transfer 1.2K out to pay cc bill. Margin ratio is above 60% and on put side.  I will try to roll up my deep ITM calls with any pull back.

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