All the majors closed slightly down for the week which is in the seasonal pattern. If the seasonality plays out then we may see another small down leg before the year-end rally. The Fed's tapering decision didn't even put a dent on the market. The 6% inflation jump only dragged the market down for one day. So the bulls are still running.
IB netliq closed at 166,980, up almost 9K from last week. The leverage is 233, near the low of the year. The realized P/L is $5023, about 1K better than last week, partially due to there being no rolling of any ITM bear call. The collected premiums are only $900. The personal accounts performed steadily. The realized P/L is $2100 after taking a $400 loss in AMD directional trades. I start feeling better trading TOS now.
The options selling worked fine for this week. I stayed with the rule of -1+1. I stayed small with my trading sizes. The directional options didn't perform well. The TSLA rolling from a full profit last week was a mistake. Musk announced selling 10% of his own share dragged the stock down. I didn't protect my profit quick enough. Let all of the gains slip away. I was trading AMD reactively without a clear plan. It didn't have a clear direction and I was trading both sides trying to escape the chops. I ended up getting chopped on both sides. I must set clear levels for my entry and exit for my directional plays.
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