The majors reversed down around the noontime after pushing higher in the morning. Both SPY and QQQ formed a bearish engulfing daily bar but held at Monday's low. RUT/IWM broke below Monday's low. I guess the trade war fear effects continue showing the force. Shanghai index is barely holding 2800.
Made 13 trades. I rolled my RUT 1230 bear call and SPX 3100 bull put early in the day. I didn't expect such a reversal day. My last 100 shares of ACRX hit its target of $4.55. Sold a couple of bull put spreads for clients as the add-on. I don't want to be too aggressive. I couldn't tell how big the impact of the trade war will have. I bought hedges on SPX but not enough yet.
Net liq is unchanged. The margin ratio is at 45%. The pressure is at the puts side now. It caused more margin stress when I couldn't exit out the ITM bull puts for the last two weeks.
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