The trade war between the US and China officially started last Friday. S&P futures dropped 0.5% before today's opening. The selloff was contained during the cash session. While DIA and SPX were in the red territory RUT marched to another ATH of 1692. It closed up 0.5%. The escalation of tariffs between the two countries triggered another selloff tonight. Shanghai index is down 1.8% and the US index futures are down less than 1% so far.
Made 3 trades today. I missed the early selloff. The rest of the day was in recovery mode. VIX was still below 13. I split RUT 1740 ITM bull put to 1700 and 1720 hoping to pile if off further. No trade for clients. There may be better opportunities to sell bull puts tomorrow. I have some rolling to do as well.
Net liq suffered more than 3K and closed around 111K. The margin ratio is at 41%. The margin may switch to put side if the selloff materializes tomorrow.
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