After the parabolic move during the first week of 2018 market attempted a pull back following yesterday's weak closing. Buyers stepped in again holding SPX and RUT's balance low area. The major indices closed slightly lower or flat recovered from early losses. The theme of 2017 continues.
Made 10 trades today. Sold late Feb QQQ and RUT bull puts spreads for clients during the morning weakness. ISRG had a 6% surge on its pre earning update and our bull puts target were hit. Rolled my last ITM RUT bear call for this week and only gained 5 points. Bought couple of put hedges.
Net liq gave back morning gains and ended flat. I am dancing on the edge. Margin is bouncing around 50%. It's time of the week to buy hedges for next week again.
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