Tuesday, April 3, 2018

An Inside Day 4-3-18

The market took a breath and recovered about 1% after the 2-3% selloff yesterday. Overall it was an inside day. It's hard to tell the next direction of the market. It's in the process of discovery and establishing new balance areas.

Made 8 trades. It wasn't an active day. I placed some index ETF directional bets in short-term puts and long-term calls. Be patient until the market showing its hand first.

Net liq gained 3K on the recovery of the bull puts. Margin ratio is above 50% and the weight is on the put side.

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