The majors booked another losing week on the Russia-Ukraine war and rising inflation concerns. SPX and RUT gave back their previous week's gains and continue to slide inside their down-channels. Interestingly VIX had a down week too but still closed above 30. There is no relief in sight yet.
The IB Netliq ended at 145K, up 8K from last week. The leverage is slightly down from 363 to 341. The realized P/L is $9,322. It's mainly through reverse rollings. There is no exit of base positions. The collected premium is $6,446, thanks to some of the hedges paid off. The debt spread hedging seems to work more than half of the time in this volatile market.
The 0 DTE strategy in my ET account earned $2,982. The volatility actually produces higher premiums. But trading it is not easy though. I haven't traded the TOS account for the last 2 weeks. I need to practice it more with it.
The good results of this week were mainly from the relatively stable high VIX. I was able to identify the down-trend and trade with the trend. My emotions are reasonably calm.
My plan for next week:
1. Stay with the trend and don't take any drastic action;
2. Prepare for the FOMC before Wednesday. I won't trade 0 DTE during the FOMC day.
3. Mark and set alerts for the major levels and plan my trade around these levels.
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