The month and quarter end window dressing held the market up until the last hr of trading. RUT/IWM even closed in negative territory. I think the market sentiment is still showing a level of nervousness.
Made 11 trades today. The best part was that my client's RUT holdings of the week exited on both sides with minimum cost. I only had 4 trades which brought the margin to a sufficient level. No premiums were collected.
Net liq is close to 115K. But the initial margin is high on the put side. The margin ratio is below 30%. It should change with the weekend expiration. I have survived the 1st half of 2018. I have reversed 3 RUT and 1 SPX deep ITM bear calls. So far have exited 1.5 of RUT and 0.5 of SPX bear calls after reversing them to bull puts. My risk is a large scale market move in either direction. I may have to use the reversals and hedges to deal with them.
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