Market opened slightly up and appeared range bounded. Then the news of stopped negotiation of budget talk and another North Korea missile launch didn't shack the market much. When Senator budget committee passed the tax proposal all indexes broke out to the upside. All majors booked new ATHs. SPX and RUT closed up 1 and 1.5% respectively. The sentiment is very bullish for the tax bill and year end seasonality. There are more to come unless the tax bill is stalled.
Made 13 trades. I made couple 1:2 split ITM small cars through rolling to add more long calls. Also made the same split in SPX and RUT OTM calls. They were filled before the breakout and turned out to be timely. I plan to add more long calls with any weakness.
Net liq took a blow of 10K today. It's firmly in the red zone. I will have to wire fund in tomorrow. Margin ratio is well above 50 thanks to these long calls. Leverage is at 3 for the first time. It's alarming. I will have to look for funds in my IRA account the weather this rally.
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