The majors booked another up week. SPX, NQ, and YM hit ATHs again with the fourth consecutive green wk. The small caps are still legging but up for this week. RUT/IWM is in a weekly and daily wedge and above both 20 and 50 SMAs. It could break out in either direction. Seasonally, we could see a pullback between last and this week. RSIs and MACDs are in overbought territories for the three majors. I wouldn't be surprised to see a mild pullback in the coming week.
My net liq closed at 135K after sending another 5K back to ET. The leverage is at 301. The realized P/L is -8.9K due to the rollout of the SPX 2900 short call. I collected about $3.6K premiums in QIB acct. The ST and JO5K trades were mixed bags. ST trades had some losers and winners. The result is probably break even for the week. The AAPL and SPY call spread expiring next week are likely winners. The JOIF produces 3 winners this week due to the low vol conditions. I blindly followed the JO5K and the Ops Playbook in NVDA and TSLA IC and the short call made me sweat and underwater. I learned some recovery technics through these trades. I was able to turn the NVDA to profit by adding a long call spread. I am still underwater in TSLA. I rolled my call spread to next week to see if TSLA will continue to move up before its ER on 4/26.
I haven't added any new trade services this week. I have learned some technics of trading individual stocks' options, mainly broken wing butterflies. There ways to recover a threatened BWB. My weakness is still taking decisive action in a timely manner. The TSLA BWB was a good example. If I had added a long call or a long call spread I could have reduced the losses instead of rolling it out. Any open position is an uncertainty factor.
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