The pattern of buy on any dip is in play again. Today's morning weakness was met with buyers. The majors were grinding up. SPY is getting into the gap zone of the selloff in February. There may be attempts of selling in this area on a technical base. I want to use the opportunity to add bull put and bring up my bear call. Got to think what if the majors go up 5, 8, or 10% from here.
Made 8 trades today. I finally exited the SPX 2800 bull put entered in March. It freed some margin for me to add another ITM bull put and moved up 60 points of my RUT 1240. I have only one deep ITM SPX bear call before August monthly. I have 2 days to roll it out before the China trip. No premiums collected for clients.
Net liq is still in the range of 118K. The margin ratio is above 60%. This weekend expiration looks OK so far.
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