The market held in range after getting back to top yesterday. The possibility of another federal gov shutdown puts pressure on market sentiment for now. 2013 was the last time a gov shutdown happened during Obama administration. It was quickly resolved. People don't expect it will have a major impact on the economy one way or another.
Made 8 trades today. There was a major mess up in ACRX, a small biotech stock I had it under water for over 3 months. I left the rollover orders open for this Friday's expiration. Then it got assigned overnight unexpectedly. My orders got filled again this morning. I had to quickly close the double positions for this Friday. It was my mistake not having a plan ahead. I closed my March position with a $10x6 loss after I closed clients' positions for this Friday. Should have done all the same.
Net liq inched up a little. Margin ratio is above 40% now. The margin is still on the put side which limited my ability to roll. I tried to buy hedges but had a hard time to get filled in this higher VIX and choppy market.
No comments:
Post a Comment