Tuesday, January 2, 2018

A Strong Start of 2018 1-2-18

Futures popped up overnight despite a weak European market. All majors gaped up at cash open. NASDAQ was leading the pack and closed up 1.7% while both SPX and RUT closed above 0.8%. Big money appears wanting to make new highs before letting the gap paddle go.

Made 12 trades today. Closed my AAPL put spreads. Some exit put orders were filled. I mostly worked on rolling up my small long calls. Not much premiums were collected.

Net liq got knocked down below 110K again. Margin ratio is at 48%. Leverage is above 5 again. Will continue to buy hedges on call side.

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