The US imposed tariffs on steel and aluminum cost the majors to pull back. Technically it looked like a halfway retest of yesterday's gains. It's positioning for NFP tomorrow. NFP has been a positive factor for the last few months.
Made 18 trades on this pullback day. I rolled out my last two ITM RUT bear calls for this week. The two ITM bull puts are still there. I may be able to close one and roll out one tomorrow. Sold some late June and early July RUT put spreads for clients. The rest of the trades were closing positions and hedges.
Net liq is back to 120K. The margin ratio is at 44%. Will watch the margin requirement after rolling out ITM puts tomorrow.
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