This week started with some selling pressure for three days. The 20 EMA was tested and held. Thursday was a big turnaround in the last 30 minutes before closing. The poor NFP report (260K v.s. 1million jobs) became the catalyst for the majors to book gains. Dow and SPX made ATHs again. SPX firmly closed above 4200. It was to my surprise that SPX made a new high before the summer begins. The seasonality chart does show there could be another push before mid of May.
My net liq closed at 141K from last week's 135K. The leverage is at 283. The IB main account collected $2250 premiums after spending $2200 on rolling 3000C and SQQQ. I dealt with my SPX SC poorly yesterday and today. When they got blown off I spent most of today working on different orders hoping there would be a decent pullback. I was practicing my patience waiting until 3pm before rolling my positions. I ended up splitting my short calls of 4235 to ICs amount three of my accounts with similar positions. In theory, there will be only one side that could lose. That reduced the margin requirement in my personal accounts. The rolls in IB main account increased 3 C and 2 P in my SPX. Need to watch the number of positions and risk closely now. The market is sailing into the stormy zone.
I didn't have many trades with ST or my own outside of the indexes for the week. I still don't have a good trading system for individual stocks. I trade 0 DTE and adjusting my old ones on M, W, F. I should use Tue and Thu for different trades.
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