Wednesday, December 20, 2017

Muted Reaction On Passing Tax Bill 12-20-17

Market chopped around on the passing of Tax Bill today. SPX was only 10 point away from 2700. I assume that they want to reach it before the year end. RUT is still legging with the other majors. Market is waiting on something? It may take another shot after Christmas.

Made 7 trades today. Four of them were exit orders. I rolled out RUT bear call spreads from ET for a week without gaining any point. Then sold a put spread to cover the cost of the rolling with $180 extra premiums.

Net liq is barely above my warning mark. Margin ratio is near 50% and projected OK for this weekend. Still try to figure out how to reverse bear call to bull put. The hard part is to roll strikes for the long puts.

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