Wednesday, January 3, 2018

A Day Of Follow Through 1-3-18

Market followed through on top of yesterday's gain. S&P closed above 2700, another land mark. NASDAQ is firmly above 7000. It was expected for a while and nobody even bothered to cheer it. Market shrugged off the explosive book of the new presidency. FOMC minutes didn't shake much either.

Made 15 trades. 4 of them were exit orders. Sold GE $20 covered calls of Feb to recover from the early assignment. Rolled up more small cars to lock in some profit and keep my long positions on.
Had to roll my RUT 1330 out without gaining any points. I haven't had any chance to pearl it off yet.

Net liq is lowered again. I may have to wire funds in if it's another strong up day tomorrow. Margin ratio is above 60%. Leverage reached a new high of 545. I really need to dig hard to figure out a way to move some deep bear calls to puts.

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