Friday, July 20, 2018

The Small Cap Divergence Continues 7-19-18

The futures were down overnight. The majors were under pressure throughout the day except for RUT which closed up 0.5% while the others in red. RUT is likely to challenge new high again on a triple top formation. 

Made 3 trades today. Moved out my August 3rd ITM SPX bear call with another ITM bull put. Sold some late August QQQ bull puts for clients. I just need to add hedges on both sides tomorrow so I will feel better on the trip.

Net liq slipped about 1K on the RUT surge. The margin ratio is above 50% and the weekend looks OK.

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