Thursday, May 10, 2018

Buyers Are In Control 5-10-18

The majors continue to rally. They haven't had a down day this week. One could feel the force of revenge for the last two and a half month. The small caps are leading the charge and close to ATH. The big guys still have some distance to go. Not sure how it will play out.

Made 4 trades. I rolled out the two RUT deep ITM bear calls without gaining any points. I had to sell bear call spreads to make the roll two weeks out. Also locked and rolled this week's ITM QQQ call spread. Tried to sell some call spreads for clients.

Net liq is still above 120K. The margin ratio is above 80% but the predicted weekend is weak. I will add more hedges tomorrow since I will be on the road next Monday.

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