Another overnight selloff in the US futures after Shanghai exchange lost 3%. All the majors gapped down 1% and VIX was up 15%. By the end of the day, the majors recovered more than a half of the losses except RUT even turned into green. The bulls are no fear. RUT is heading to 1700. My positions are under pressure again.
Made 15 trades. Sold some late July and early August SPX bull puts for clients. Made a mistake of not pause pending orders before opening. One of clients' SPY combo for RR was executed right at open. Rolled 3/4 ITM positions with premiums. I also reversed a QQQ call to next week's put spread expecting further volatility with the trade war tension. I may be wrong but the QQQ call is OTM and not much value left.
Net liq is barely above 111K. The margin ratio is at 44%. The warning sign is that the predicted liquidity will be in negative territory by the weekend expiry. I will have to buy more hedges than last week.
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