Market opened lower but recovered to B/E at closing. It appears market is waiting for tax reform development. There was no news came out today. So far it's moving alone and market has no sign of breaking down. I need to build hedges on call side in case any news break out. Congress is expected to vote on it before end of this week.
Made 8 trades but no premiums collected. Rolled some of my IWM calls further out which were losing value during this slow drifting down. IWM's bull flag pattern is still intact. Sold 3 GE bull put at 19.5 on a signal of break up of 3% last Friday. It dropped 8% today after GE unveiled its plan of reform.
Net liq is flat around 135K. Margin ratio is back to 70% for now. The risk is still to the upside. My hedges for RUT calls wasted due to the down drift but need to continue to place it. I am planing to buy call spreads for my ET positions.
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