Thursday, December 21, 2017

Chopping Up 12-21-17

Indexes gaped up again this morning. There was energy pushing the market up in early afternoon but faded before cash closing. The three majors traded within yesterday's range leaning toward upside. They may hold it for another push after Christmas.

Made 7 trades. Mainly traded small cars. I rolled everything to next week and beyond. Collected some ITM profits but the strikes are closer to the money now. Any meaningful pull back will cause my long calls lose a big chunk of value. If that happens then my short calls should recover some. 

Net liq dipped below 110K. I maybe able to hold it though this weekend if there is no big surge tomorrow. Margin ratio is down to 43%.

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