The market got spooked with the imposing tariffs of imported steel and aluminum by the US. The major indexes lost another percentage point after the news. The only exception is the small cap. It took back most of its lost ground. It seems that technical levels often coincide with some major economic news. This pullback reached 50% levels from recent lows to highs. We may see further test below.
Made 10 trades today. I was able to roll up all of my next week's ITM bear calls. Timing and configurations weren't good for some of them. I brought down my SPX ITM bull put. Bought March IWM put to hedge this pullback for clients. I finally collected $750 premiums and transferred 5K back to ET. I am still deep in a hole over that side.
Net liq got another relief but it's near the edge of the end. The margin ratio is still above 50% and on the put side now. I have to deal with one RUT 1520 bull put ATM expiring tomorrow. Most of my small car long calls are hopelessly OTM.
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