Crude oil and energy stocks boosted the market after the US withdraws from the Iran nuclear deal. Crude closed up 3%. Are we going to see a summer rally since we had a three month long of selloff and consolidation?
Had 5 trades. I had to flip my this week RUT 1570 ITM bear call to 1600 bull put. I was too eager in trying to exit the position when I did the first roll down from 1590 to 1570. I may have to flip it again if the market pulls back from here. I have two more ITM bear calls to roll before this weekend.
Net liq improved a bit. The margin ratio is above 85% after the RUT flip. It may not look well after rolling of the two RUT bear calls.
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