It's Friday again. The index futures erased overnight losses before the RTH began. The market didn't get much boost with the big banks' good earnings reports. XLF fall 1.5%. The expected rally turned out to be a red day. The concern of Syria situation proven to be true after the US launched air strikes tonight. It's not clear how Russia will act upon it which will greatly affect the market on Sunday night. Are we going to see another leg down due to the geopolitical risk and poor reaction to earnings?
Made 8 trades today. Sold couple of RUT end May bull put spreads for clients on the weakness of this afternoon. Bought more hedges for my portfolio. My margin should be OK for this weekend.
Net liq inched up 1.5K. My margin ratio is above 50%. I still don't have any ITM position near an exit until end of this month.
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