Major indices opened high then reversed to close lower as the House voted to pass the tax bill. It could be the big money is unwinding some of their positions before the holiday weekend. The tax bill is almost in the bag so the excitement of uncertainty is not there any more.
Made 11 trades. Sold some late Jan RUT bull puts across board on the small pull back. I am still trying to figure out a better way to pearl off these deep ITM bear calls from ET. The old way of raising 5-10 points each month is too slow and inefficient for this bull market. I am falling way behind.
Net liq improved some as the market pulled back a little. But my long calls suffered too. Margin ratio is back to 50%. The leverage level of 50+ is a concern. It doubled as the transfers from ET though there were equal or higher amount equities came with the bear calls.
No comments:
Post a Comment