SPX and NASDAQ made ATHs this week. It's the first time for SPX to break 3390 since its Feb high. All of the majors closed higher except for the small-cap and the financial sector. Need to watch how the divergence between the big caps and small caps playing out in the days to come.
My net liq is up to 110K after I aggressively added long puts and collected a nice chunk of premiums. The leverage is at 4. I have spent about $8K to roll up two deep ITM short calls. I haven't got much relief for the last 4-5 weeks since the majors kept going up. My plan is to deleverage at least a half of my positions before the election.
I stopped trading the directional short term options this week. The 0 DTE strategy has worked well in the summer slow time. The daily ranges are really small. I added Iron Fly to deal with the small ranges. It works so far. Shadow Trades took a couple losses this week. I have learned a couple new tricks.
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