Wednesday, May 30, 2018

Bulls' Revenge 5-30-18

The selloff was short lived. The index futures recovered part of the losses overnight. It turned out to be a trending up day for all majors. RUT popped 1.5% and recorded another new high of 1651. I think the big money is positioning for this Friday's NFP. Big tech is legging though.

Made 7 trades. I mainly locked and rolled the ITM ETF calls. Tried to add hedges for my portfolio but only one filled. I don't have much to do in a trending up day. I am trying to pile off 1-2 ITM bull puts this week. If it's done then I can reverse 1-2 bear calls over next week. 

Net liq lost 2K same as the downward movement of yesterday. Margin ratio is down to 33%. I have more hedges to do in the next 2 days.

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