Thursday, June 14, 2018

Holding Up On Triple Witch Day 6-14-18

Bulls shrug off the rate hike and nearing tariff announcement by the US tomorrow. Several selloff attempts were met with buyers. It's possible that the big money wanted to hold the market on this triple witch expiration day. However, the trend and sentiment are very strong.

Made 11 trades without getting much of premiums. I scratched 2 of RUT 1680 bear call ATM for my clients. Rolled a couple more of ETFs. Left clients' ETF call spreads for the decay of the short calls. I have an SPX 2800 bull put holding for tomorrow. I spent today's small profit hedging which is still not enough. I got a yellow line in post expiry excess. I have to bring it up by buying more hedges on both sides. I have only 3 hrs to do it before leaving for Yellow Stone.

Net liq went below 115K on today's 0.5% pop. The margin ratio is at 45%. My main task is to bring my margin back to the safe line tomorrow.

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