Nasdaq led the market down despite better than expected earnings reports so far. QQQ had a big selloff closing down 2%. RUT is the lest damaged. Most of the majors' MACD start to cross down. I will consider playing put side now.
Made 15 trades today. I recovered some of my long call costs. Also took a stop loss for my yesterday's QQQ long call. Sold some SPX end May and early June bull puts spreads. I also rolled down a couple of RUT ITM long puts. They carry a lot of margin now. The market is in a large range bound with downside pressure. I plan to sell bear calls on a bounce for my clients.
Net liq gave back a little. The margin ratio is below 50%. Will wait to see what weekend predictions are.
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