It's expected to be quiet and slow. Tech rotation appears continuing. AAPL and BABA both were down more than 2% while small caps inching up. S&P held steady. I don't expect much movement before the new year. Big money is holding on gains for better tax treatment next year.
Made 11 trades. About a half of them were exit orders. Sold BABA's Feb 3 put spreads as it dropped 2%. Got about 15% out of the money. Rolled a couple of small cars out of this week. I still have some SPY and IWM ITM or ATM left need to roll out tomorrow. There are couple of deep ITM RUT bear calls must go out as well.
Net liq eroded a little more. Margin ratio is at 45%. The problem is that the predicted balance would be below zero for next week. I have shore up before end of this week.
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