The indexes gapped up after the MLK long weekend. Both SPX and RUT hit their milestones of 2800 and 1600. Then the news of federal budget talks broken down hit the market. Indices reversed to the downside. VIX stayed high in the morning which hinted that something was going on. I wasn't patient enough to wait. Of course, I have gotten so used to the bulls buying into every dip.
Made 12 trades. Rolled this week's 3 major bear calls early on. I reversed RUT 1420 bear call to March and April's ITM puts. It turned out to be too early while RUT just came down from its ATH. I was desperately trying to avoid further loss in bear call and damage to the Net Liq. Booked some nice gains from SPY calls. Sold couple Feb-Mar RUT bull puts spreads for clients. I don't have much room to do it for my account. I want to save my buying power for rollovers.
Net Liq gained a little ground. It's back to 115K. Margin ratio is slightly below 50%. Margin shifted to put side after the bear call reversal. I will start to hedge the put side in preparation for more reversals.
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