Index futures went up overnight along with European markets. ES, NASDAQ and Dow made new highs after open then started falling. RUT was nearing its ATH but got rejected quickly. I was expecting the market would hold at the top considering that FOMC wouldn't raise rate and the tax bill was scheduled to release tomorrow morning. RUT made a round trip of 1.5% to reach its balance low for the third time. It closed down 0.7%. QQQ was lowered by 0.28%. I am not sure if this is another deck clear action or a possible sell on news. The ERs from FB and TSLA didn't do well after hour.
Made 9 trades. Only rolled one RUT 1365 ITM, up 5 points. the others were hedging and exiting positions. The positions in ET are still my major concern that won't get filled without widening margin which I am short of. I was mostly focusing on hedging call side. I am learning more aggressive ways to hedge, such as buy near the money vertical or ratio spreads instead of selling.
Net liq recovery most losses from yesterday. Margin ratio is back at 60%. Marin is still on put side. It will be quickly switched to call side if the market breaks up.
No comments:
Post a Comment