Indices opened lower again today. As usual the buy dip crowd came in again within the first hour of open. But all the majors closed in negative territory. GE was down another 6%. I made a mistake selling $19.5 puts last Friday and now holding the bag in the money. RUT/IWM continue to make lower highs but not giving up the bottom. Feels that market is still waiting for the tax bill to come out. Congress is schedule to vote on it on Thursday while Senator is ironing out details. I still expect a push up when both houses release their versions of bills. Now it may be the base building before the year end pop unless the tax bill disappointing the market.
Made 7 trades today. Sold my 1st sets of January 2018 bull puts spreads in the morning. I rolled some SPY and QQQ further out to weather current pull back. I may close couple small ITM cars to book some profit before end of the week. Bought my first set of call spread to prepare rolling in ET. The intention is to hold off margin expansions. I will be aggressively roll the ITM RUT tomorrow to lock in some gains tomorrow.
Net liq fall a little after I transferred 3K to ET to boost margin over there. Margin is really tight so I have to work around it. Margin ratio is at 60% and it stays at put side.
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