Monday, July 16, 2018

Waiting For Something?

I was expecting a small breakout at least following the HOD closing last Friday. The majors opened flat and traded in a small range without breaking either side. They closed slightly down. NFLX disappointed the market in their earnings report. It dropped 14% in after hour session. Not sure how it will affect the market tomorrow. The breakout is still likely with more positive earnings reports.

Made 15 trades today. Added a set of the end of August RUT bull puts for clients. I rolled up my RUT 1235 to 1240 during the RUT weakness. I am waiting for one of my ITM bull put to expire before adding another one to it. I had to roll the SPX 2805 to this Wednesday as it won't get off today.

Net liq upped to 117K. The margin ratio is above 50% for now. I may borrow a little more cash from ET if I want to go on the China trip.

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