Market diverged somewhat today. RUT was up near 0.5% while NASDAQ sold off near 2%. SPX ended flat. Money seems rotating out of tech and moving into large and small cap. Dow was up recording another new high. Indexes are not moving in sync. The tax bill looks more and more like will pass. Are we going to see a pop or sell on the news? My will be squeezed again if we get another pop. Senate vote is scheduled on this Friday. I may place more hedges on tomorrow.
Made 7 trades. Had to covert a deep ITM RUT 1425 call to 1650 put. Took a lose of $900. The bear calls are threatening to bring net liq below 100K. Both are problematic but had to choose one less damaging. Added more long calls in small cars with 1:2 roll up.
Net liq went below 100K. Had to wire another 10K in. Looks like it's not enough. I started to dip into IRA already. Need to look further where I can convert positions from call to put and deleveraging. I will have to roll my RUT in ET by tomorrow. It looks like another hit is waiting.
No comments:
Post a Comment