A first pullback led by NASDAQ today since the small cap and tech sector breakout. A half percent of pullback felt big those days. Small caps and techs are pulling back a little on overbought condition. The strong trend is still in place so far.
Made 13 trades today. Bought a set of QQQ long call spread for clients. It was too early. I didn't buy it in my account for conserving margins. I bought a month-end SPY call spread without selling puts. I rolled all three of my deep ITM bear calls today. I made a big mistake in placing one of the orders. I was supposed to sell a put spread to fund the rollover. I sold the lower strike instead of buying it. It was 15x widespread so I could not buy it back. So I bought a small debit put around the lower strike to reduce the margin impact.
Net liq gained 3K on the pullback. The margin ratio is at 44%. The available funds are down to the yellow lines. I have to add more call hedges tomorrow.
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