A Big Rally Instead Of Pullback 6-25-21

 The majors didn't follow through with the selloff of last Friday. The futures opened higher last Sunday night. SPX and RUT 50D SMA held again. The rest of the week has been rallying up. SPX made an ATH on Thursday and closed higher at 4280.7 today. My thesis of last week was wrong. The seasonal pullback might have played out last week and short-lived. We may get into a positive July seasonally. I will keep my bias in check and stay nimble for next week. 

My net liq closed at 139.6K after sent 10K back to ET and 1.5K to BOA as my regular monthly transfer. Otherwise,  The IB account booked a realized gain of $14709. It's about 3K more than last week's loss. The premium collection is minimum after spent 1.2K rolling cost. The leverage is closed at 2.74, slightly lower than last week's 2.88. I am glad that I reduced 2 SPX puts and 1 RUT put this week and followed the rule of -1+1. 

ST had a big winner of TSLA long butterfly. It was a near 100% payoff. I made two AAPL 4X long call spread doubled as well. I missed two days of 0 DTE due to the rally. I couldn't get filled for long puts. One set of my short calls were pushed into the money. I have rolled twice so far. It was another undisciplined play, taking a 10X loss to salvage a trade is not worth it. This bad habit will bite me again eventually. I must use stop to limit my losses. 

Time for A Pullback? 6-18-21

 The majors booked a losing week except for NQ kept a small gain for this week. The FOMC statement on Wednesday was slightly less dovish indicating possible 2 rates increase in 2023. Inflation has been heating up with a 5% increase in May. The majors have been up and down since the FOMC Wednesday. They finally gave up this afternoon on this Quad Witching Friday. Most of them closed at their lows of the day. It's likely the sliding will continue in early next week at least. MACDs are turning to red both daily and weekly. 

My net liq dropped 7.5K to 136.6K this week. The leverage is up slightly to 288. I will be comfortable when the leverage stays below 3.5. The premium collected in IB is -$300 due to the cost of $1K to roll SPX 3040C. The realized profit is also negative $1.13K due to the pullback which forced me rolling ITM positions on both sides. I need to prepare for this seasonal pullback for the next couple of weeks. 

My 0 DTE trades in the other accounts performed well for the week. They are all small winners since there were no big moves this week. I have to be careful next week. There may be a big up or down day ahead. ST trades didn't produce many results for the week. I am glad I followed the -1+1 rule. Otherwise, the drawdown would have been much bigger. 

SPX Hit ATH Again 6-11-21

 The SPX finally broke out this Thursday after a worse than expected CPI report. The inflation was expected to be +4.7% for May. The actual number was reported at 5%. The market shrugged off the bad news and pushed it up across the board. SPX made an ATH of 4249, slightly above the previous high of 4245 back in May. NQ and RUT are approaching their previous highs as well. A double top scenario is still possible if the break-out is no decisive next week. Seasonally there is not much time left before a pullback in late June. 

My NL closed at 144K after I paid 5K back to ET. It's about a 1.2K increase all together for this week. The leverage is down to 2.7 v.s last week's 2.93, the lowest read for the year. The collected premium is only $340 after spent 1K to roll the RUT bear call of 1730. The realized P/L is $1.9K. It's now recovered from the drawdown of May. The small accounts continued to perform well and so far no losing trades for the 0 DTE. My long ETFs hit their targets. I am off most of my short-term ETSs. ST's Google BF call doubled. Overall, it was a profitable and lucky week. However, my RUT SC was pushed through by 81C in the last minutes today. I will try to recover the $90 next week. 

I need to stay nimble and small next week. I closed 2 each long puts in SPX and RUT. I followed my rule of -1+1 this week. It must be the same rule to obey for next week.  

Another Up Week 6-4-21

 The majors closed another up week. SPX, YM, and NQ are within 1-2% to make ATHs. RUT is legging but also made a 2nd up-week and closed near 2300, at the high of its current range. There is still a double top scenario if the majors couldn't break out decisively to the new highs. We are still facing the possibility of a mid-June pullback seasonally. Therefore, This breakout may not last long. 

My net liq is up 7K and closed at 137K. The leverage is below 300 since early May. The realized P/L is 7K, partially recovered from May's loss. The IB account collected 1.7K in this Memorial Day shortened 4 day week. It was a profitable week for the small personal accounts too. The 0 DTE were all winners although I didn't catch all the trades in the three available trading days. Made a couple of ST trades and my own ones. 

I followed my -1+1 rule closely this week. I was able to reduce 2 SPX long puts and moved two of the long-dated positions into next week. My plan is to reduce my exposures for a coming pullback.