The majors got boosted from positive earnings. So far, more than 70% of the S&P components reported positive surprises. The 3.2% of the 1st Q's GDP reported today was better than expected. SPX and QQQ made ATHs on daily closing. The bulls are holding up despite several selling attempts during this week.
My net liq improved largely due to the 20+% surge on QCOM which reached an agreement with Intel on patent disputes. I continued to roll up my positions based on the delta. I tried to be more aggressive whenever the margin allows. I still can't keep pace with the rising market.
Net liq is above 130K which provided some relief. I moved 5K back to ET to reduce the margin interests. Leverage is still elevated at 4.8. I will try to use calendar and ratio spreads to hedge the puts.
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