Bulls and bears took a day off today. The big banks' earnings reports were mixed. The majors booked 0.2% gains and losses. It was a flat day. SPX almost erased the losses from Feb- March period. It may start to move higher with this earning session.
Made 13 trades today. None of the ATM and ITM positions expired worthless. I had to roll them into different expirations. Luckily I collected some premiums from these rollovers. I used the premiums to reverse my SPY and IWM from next week's puts to long calls of August. Hopefully, it will recover some of my losses from the puts.
Net liq closed up nearing 115K. The margin ratio is predicted fine for the weekend expiries. I plan to buy more hedges early next week in preparation for the possible China trip.
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