The market continued pushing up. RUT/IWM made another ATH. I was expecting some kind of pulling back before the FOMC like many times before. To my surprise, it appears the market has no concern about the rate hike. We will see some rapid price movements right after the FOMC announcement. The uptrend may continue with a pause.
Made 13 trades today. Rolled more ITM ETSs with profits. Closed a couple of bear calls for my clients. Rolled up my SPX 2400 bear call with $180 premiums but no point gains. I wanted to split more bull puts but held them for tomorrow. I have more rolling to do before this Friday which I will work only a half day before my yellow stone trip.
Net liq stayed above 115K for now. The outlook doesn't look very good if the market continues to the upside in 2017 style for the rest of 2018. The margin ratio is at 47%. I will have to boost my hedges for the weekend as usual.
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