The seasonal patterns worked this time again. The bulls come back strong. All of them majors made ATHs this week. RUT made its 7th consecutive weekly gains. The Santa rally continues but stretched. According to the seasonality the rally would end in the mid of next January.
My net liq of 103K didn't improve much. Most of my short term bull puts are out. The leverage is higher at 46. RUT's delta is negative 70 while SPX is flat. I split and rolled the Sept SPX 3700 to June 3600x2. This may hurt me if the downturn comes. I will try to reduce it as soon as I can. My limit is on buying power.
I traded some O DTE this week. I am still weak at enforcing the stop-loss rules. I keep thinking and looking for different ways to void take stops. I need to study the type of stop-loss orders for the 0 DTE, especially for IF because it involves 4 legs. I took a stop which executed at higher prices today. I must be very good at it before I can succeed with this strategy.
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