The overnight selloff on the 2nd phase of the trade war didn't go too far. Nobody knows what would be the economic impacts of the newly proposed $200 billion tariffs would have on the US, China, and global economy. The market appears paying more attention to the current earning session. The majors closed down less than 1%. It couldn't even count as a selloff at the end.
Made 14 trades. Sold some late August bull put spreads in the indexes for my clients. I couldn't get too far on the strikes since the VIX is not high. I rolled out two more of my ITM bear calls. The margin is getting heavier on the put side.
Net liq is still in the 111K range. The margin ratio is down to 35% but expected to rise over the weekend. I have two more days to work on the trip preparation.
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