September was a volatile and down month, the first negative month after 7 consecutive up months. SPX was down 4.8%. There were 3 of 4 negative weeks in September. The 3rd week was a head fake. RUT had a down month as well but it didn't break its weekly and monthly range. It has been in the ranges of 2100 to 2350 for 7 months but holding a bull flag after March's new ATH of 2360. The first half of Oct could be still volatile if the seasonal plays out.
The IB netliq ended at 136K for the week, down 11.5K from last week. The leverage closed at 289, up 22 points for the same period. The realized gain is $8.7K due to rolling the two ITM calls during the downturn. My long side was hit hard which forced me to roll far out in date. The premium was -$340 due to SPXC rolling and an MRNA long call. The 0 DTE continued performing well. The small accounts realized $2253 for the week and $6608 for the month. I still have problems placing stop orders. I took too much risk in the volatile environment. It's not worth taking hundreds of dollars risk for a small gain. My rolling has worked so far. But it will hurt once if the market rally or fall hard.
Risk control is still my weakest link. I got hit hard today with the MRNA BWB puts. It gapped down 12% on Merk's Covid pile news. All of my put legs were ITM. I miss calculated the long puts spreads yesterday. I should have added two of the long put to make it 1x2x1, instead, I only added one to make it 1x3x2. I was trying to spend about $120 less. The rare event that happened to me on bad news before the market opened. I didn't think through all of my options. Could I have rolled or break the option legs? I took a full max loss of $2800. This is a hard lesson. It will take me weeks to recover from it.
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