Wednesday, January 17, 2018

Another Short Lived Pull Back 1-17-18

As I suspected yesterday that the dip buyers may step in on the mini sell-off. Market held low of yesterday in the morning and ramped up after lunch. SPX and RUT both reached 1% upward only pull back a little before cash closing. We may see new highs again before the weekend if sellers can't defend the previous highs.

Made 5 trades. RVX stayed up 3% despite RUT is up nearly 1%. I couldn't even get RUT put hedges fill. Rolled up more SPY and booked another $1,300 profit in addition to the similar amount yesterday. There were not whole lot selling opportunities while the market is up overall. I couldn't put in another reversal order since it requires too much margin. I need to deleverage more on the put side.

Net liq stayed in the same range. The reversed RUT long puts helped to offset the surge. Margin ratio dropped below 20% also due to the reversed puts. I have to bring it up before the weekend.

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