The fear of Gary Cohn resignation as Economic Advisor of the White House didn't last long. As the downdrift faded in the morning session RUT/IWM led the bounce. The major stock indexes recovered their losses from overnight except the small-cap gained nearly another percent, logged its 4th consecutive days of large gains.
Made 14 trades today. Sold DIA naked bull puts and SPX put spreads in the early weakness for the clients. I only traded hedges for myself. I may have to do switch bear call to bull put in RUT again.
Net liq was nacked down again as RUT stayed strong. The margin ratio is lowered as well. The weekend projected margin and available funds slide into negative territory. I will have to buy more hedges to fend it off during the next two days.
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