The market was pushing higher right off the gate. All the majors gained more than 1% before the release of Fed Minutes. There was another shot in the arm with the Fed minutes. Then 1 hour before the closing the stock indexes started falling. By the end of the session, they all closed in negative territories and the lows of the day. It's a reversal day that caused by 10 yr treasury rate rising to 2.95%. VIX also erased most of it loses and stayed at 20.
Made 16 trades today. The ACRX bull puts were closed on the morning pop. It was a double fill last month. We still hold some stocks under water. I rolled out most of the long calls in the small cars. Most of them are ATM or near TM. If we get another meaningful pullback they will lose out. I still couldn't roll out my SPX 2330 bear call. I may get a better chance tomorrow if the pullback continues. No much premiums were collected today.
Net liq recovered after the pullback. Margin ratio is at 65% and it switched to the call side now. I will add more hedges to both sides before the weekend. Puts have excess fees now.
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