Wednesday, May 16, 2018

Another ATH in RUT 5-16-18

RUT continues leading the rally. It popped another 1% and booked a new ATH of 1620. SPX and QQQ advanced as well. The next to watch is if RUT could break out firmly into a new range. The daily MACD for RUT is showing overbought with RSI over 80. However, the weekly MACD just made a positive crossing. It's likely the rally may continue.

Made 10 trades today. I rolled out all the three ITM positions without gaining any points. Sold a couple of RUT bear calls of late June for clients. Also, bought a couple of hedges for my portfolio. One of my RUT 1600 bull put is off today with a $110 price tag on it. It was a mistake of a test order left unnoticed and got filled.

Net liq is hanging on 120K. The margin ratio is at 37% after adding spreads for my rollovers. I will have to buy more hedges in the next 2 days for this weekend's expires.

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