The majors pulled back this week as the seasonality chart indicated. All of the major indices except the RUT closed in red for the week. But the trend lines are held daily and weekly. Dip buyers are still active. The pullback may continue to early next week as the stimulus package is still pending in Congress.
My net liq is at 103K with delta neutral. The leverage stays at 447, the highest point in Dec. I am still walking on a thin line for my net liq balance. I haven't been able to collect enough premiums to cover my short call rollings since Nov. I am net out $8K for the same period. RUT may provide me an opportunity to reverse another short call. I need to be patient for a decent pullback. It has run up so much from Nov. On weekly, it is above the upper Bollinger band for five weeks now.
The shadow trader caused me $400 this week on an AMZN BF call. I missed some of his profitable trades last week. My 0 DTE had mixed results this week. It may be just B/E at the best since I didn't trade it on Monday and took stops on Wednesday. I need to be more directionally engaged and patient.
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