The majors opened down on Monday and followed through on Tuesday. It was the seasonality at play. I didn't expect the pullback was such short-lived. The majors turned around on Wednesday. There was a mid-day 1-2% selloff on news of a possible capital gain tax increase. The losses were erased on Friday. The market ended in green for the week with ups and downs swings.
My net liq is up 6K to 136K. The leverage is 294. A good level to be below 300. The realized profit is 4.8K due to now rolling for the DITM short calls. The 2-day selloff shown the vulnerability of my portfolio. My deltas are long with the trend. Luckily the selloff was short-lived. I will stick to my rule of no increasing positions. Stay with -1+1 but keep the delta long as long as the trend is still up.
The index options ended well. I collected about 4K premiums. Most of the options went worthless today. The result of directional trades was mixed. The Apple call spreads were closed nearly the full profits. But the Tesla long butterflies went to worthless. The net was a loss. I have learned a couple techniques for defending underwater butterflies.
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