The market continued to fall following yesterday's retreat. There was a rumor of the trade talk between the US and China failed. It turned out to be false. The market turned around taking back most of the losses. I didn't think the big money will let the market fall too far before tomorrow's NFP.
The job report and trade talk are two factors over the market. One will be lifted tomorrow.
Made 6 trades today. I rolled my RUT 1180 deep ITM bear call to next week without gaining any points. The vol is still low despite the falling prices. Sold a couple of RUT early June bull put spreads for clients during the morning selloff. The wedge continues narrowing. It could result in either direction.
Net liq is down slightly. The margin ratio is above 60%. It is predicted with 41K after the weekend expiry. I will watch it tomorrow.
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