SPX and NQ made new ATHs again this week. SPX closed above 4500, the century figure while NQ firmly stood above 15400. The large-cap and small-cap are up for the week. RUT finally breaks out to the upside. It crossed its 50 SMA after about two months under it. The seasonality hasn't worked since June. It's playing 30% of the none seasonal time. The rally continues even the Fed tapering is in talks.
My netliq in IB is up 2.5K after the regular 1.5K monthly withdrawal. The realized P/L is $15440 since there was no deep ITM roll for this week. The premium collected is $2500. I have reduced the total positions -1 each. I should be able to eliminate one SPX short call by next Monday. I didn't trade often in the personal accounts this week. The combined P/L is $1700. The directional options trades didn't produce much profit, but I didn't lose this week. I still have positions in AAPL, NVDA, and MU.
I continue to work on the critical levels. I just realized that I need to use the options calculator again to get better prices for options. I also joined two more trading groups on FB. One is for short-term calendar strategies, the other is for directional stock options trading. I want to learn and add more tools to my toolbox.
I will practice being cautious with bias in the bull side for next week. Control of the position size is still the key. I shall strictly follow my rule of -1+1.
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