The market refuses to go down. There are just too many dip buyers. Index futures went higher overnight but got knocked down after cash open. RUT and QQQ breached their lows of yesterday briefly. Buyers pushed them back into positive territory before closing. So it is likely to the upside in near term.
Made 10 trades today. Sold couple of AAPL March bull put spreads on its 2% down day. Also sold IWM March 2 put spreads on early weakness. Both trades were for the clients. I am stranded by margins. I want to save my bullets for my risk reversal trades. I continued to roll my small cars to lock in profit and extend my hedges. I made another mistake in quantity again when rolled my ITM SPY call spreads. Had to revise it from 3 to 2. My mind is not sharp now. May need to do more physical activities during the day.
Net liq stayed around 115K. Margin ratio went below 30% but expected to double after the weekend as more puts expire. I may be able to do another risk reversal next week when I get more margin.
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