The bulls shrugged off the trade war news and pressed on higher. The US imposed $200 billion in tariffs on Chinese imports. Dow and SPX made new ATHs in the next 2 days. SPX is firmly standing above 2900. The next target may be 3100 before Christmas. There seems nothing to stop this raging bull. This September isn't looking like a poor performance month, same as the August. Not sure if the FOMC rate hiking next week will put a dent on the market.
My positions continue under margin pressure on both sides. I have 4 ITM bull puts and 5 ITM bear calls. I spent over $100 a week to hedge these positions. The risk is on vol spik. I am continuing to look for solutions. The situation is dragging close to two years now. I may have to make some drastic changes to reduce my ITM bear calls.
This is a quadruple week for options. My net liq is at 125K after paid 3K back to ET. The margin ratio is at 45%. The predicted liquidity was -6K this morning for the weekend due to the lack of hedging positions. I had to spend about $150 to hedge both calls and put side. I late sold about $200 worth of QQQ and AMZN put spreads to cover the cost.
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