Futures moved up overnight in lock steps with the Congress's tax bill vote schedule. All major stock indices were up 1% at highs of the day. RUT almost made 2% then closed up 1.5%. With the tax bill moving along and year end seasonality this rally may be just starting. My rough anticipation of the move was close. Now need to plan how to further play the movement. QQQ made another ATH. SPX is only 15 point away from that big 2600 mark.
Made 18 trades. The most difficult ones were rolling the SPX bear call in ET. My pre purchased CS didn't work so I had to close the short side first. The approach is better than roll both long and short together. I was able to roll the position b/e with selling put spreads. It's better than before. Other orders were mainly rolling existing positions and reduce margin on the put side. My efforts to preserve my long calls in small cars during the pull back paid off so far. Some of them are back ITM now.
Net liq lost 6K on this 1.5% rally. Margin ratio is down to 30%. It may not a bad idea to let margin stay on put side.
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