Wednesday, June 27, 2018

An Inside Day 6-26-18

The market took a break today. The majors traded inside the ranges of yesterday. There was no big news in the trade war front. It's a news driven market now. It could go either way depending on the news.

Made 19 trades today. Closed some bear calls in ETF and rolled most of this week's bull calls out as they recovered some from yesterday's selloff. I rolled out my SPX 2800 bull put out. I still have 1 RUT bear call and another SPX 3100 bull put ITM and must rollout before this Friday. Hedging puts have not added enough cushion for next week. I also bought some debit put spreads in the ETFs expecting a further pullback base on the technicals.

Net liq barely changed. The margin ratio is at 50% for now. The expiry liquidity warning sign is showing again. 

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