The majors booked another up week. SPX closed above the Feb 17 gap. RUT is above its June high. The bulls are in charge, climbing the wall of worries. SPX is only about 50 points away from its ATH. It's likely to make new highs following NQ's path.
My netliq suffered 13K reduction due to the negative delta. I added so many short term long puts but didn't help much. I still have the underlining worry of a sudden drop as the SPX trying to close the Feb gap. The leverage is up to 4.65 now from below 4 last week. I did collect $2700 premiums despite spent $1380 to roll a RUT short call.
I have learned more ways to trade options. Shadow Trader is methodical and risk-adjusted. I decided to cancel the Insight Options. The day trading options method is not really my style. The SPX 0DTE is working in this rangebound market so far. I didn't have to make a stop this week. But I am still recovering from the two failed stops. A hard lesson learned.
I am still struggling with ways to reduce my long term ITM options. I want to get it done before Oct before the election. I need to make a clear goal of what to do next. A presidential term is almost over but my situation hasn't changed much.
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