Monday, July 9, 2018

The Rally Continues 7-9-18

The bulls carried last Friday's rally into today with gap up on the open. Dow was taking the lead gaining 1.3%. The trade war seems no effect on the market sentiment. Shanghai index popped more than 2%. The MACDs on daily indicate more upside potentials. The starting of earning session held the majors well.

Made 6 trades today. I tried to roll down my near-term ITM bull put to expire sooner in the majors. I was only able to split my RUT 1715 into this Friday's expiration. I will roll it out to August monthly if it won't exit out. I want to accompany my daughters to China next week. I must roll all of my ITM positions to August monthly at least. The market hasn't given me much of the opportunities so far. I may not be able to go if the margin pressure is too strong.

Net liq went below 110K when everything is up. The margin ratio is at 43%. Now it's the expiry weekend worries me. I will try to add some ETF hedges on tomorrow.


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