The market opened mildly lower after the long weekend. Technology sectors led the downward move. It turned out to be a waterfall style of a selloff. NASDAQ was down 3.5% in the early afternoon. All the majors closed down more than 2% on the 1st trading day of April. They are near the lows of Feb now. We should be able to see how the Feb low holding with one more push in the next few days. So far it's still a higher low formation.
Made 19 trades today. It was a busy day. Sold some May monthly put spreads in SPX and RUT for clients. I rolled my RUT ITM call of 4-13. Also rolled my SPX April 27, 2370, ITM call up 20 points with a put spread. Some of my scalp targets of small car bear put spreads got hit. I started to buy May long calls expecting a strong bounce during the earning session.
Net liq is basically unchanged due to the losses in the long puts. The margin ratio is above 50%. My concern is still no IMT positions near exiting point.
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