The majors continued to drift down into the third week. The sentiment appears muted and no major fears are detected according to CNN Fear & Greed index. Basically, we may not have seen the end of the pullback yet. This is the first time the market has had 3 consecutive down weeks since the March low. SPX retested the 20 DMA above and failed. It closed below the 50 DMA today for the first time following NSDAQ's path. The large-cap, Dow, and the small-cap, RUTH are still holding their 50 DMA but below the 20 DMA. Not sure which direction will lead to the next move.
My netliq didn't change much from the 110K level. The leverage is below 4 for now. I had to roll the three of expiring deep ITM short calls which cost about $6K. There were six of the long puts expired worthless. I need to add less long puts but put them closer to TM. Then I can split and roll them. This may reduce my exposure to risk.
I am still not disciplined enough to take my stops in my 0 DTE. I had an IF deep ITM today but I didn't roll since it would cost me 1-1.5K loss. I roll the put side to next Friday and expended the spread from 5k to 10k. That's a risky old habit. I didn't take any stop for CS today. I was overconfident that the Quad Witching Friday would be choppy and range bound. I wasn't objectively taking the market generated info. I need to study the proper stop loss function in both ET and IB. I still need to search for a different style of service provider to complement my trading strategies.
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