The major indices snapped their 4-week bull run. The 200 SMA provided strong resistance. The weekly downtrend channels are still intact for SPX and RUT. The daily uptrend is slightly broken. It's a healthy pullback expected. A further P/B to the 20 SMA is possible.
The IB account experienced another devastating week. The Netliq is around 50K, limiting my ability to roll any expiring positions. I was thinking about liquidating the entire account for about 50K. But there wasn't enough cash to do so. I decided to transfer more money to roll these SC positions for a better time to liquidate. It may reduce the damage. I added 90K into IB with 20K on hold until August 22. I will move some money out as soon as the on-hold funds are released on Monday. The Northlake fund needs to be paid back. This is the largest money infusion I ever did.
The realized P/L is a whopping 61K loss in the IB account for the week. I rolled 3 deep ITM SC after the 17% rally. I also spent over 10K cash to buy up some strikes during the rolls. This situation really stressed me out. I don't have a clear solution on how to unwind it other than follow the market movement.
The 0 DTE is the only bright spot. The trades in ET made $1830 realized profit. The TOS deep ITM 4125 SC continued to be a drag. I paid $200 to roll the position out without gaining any points. I will never trade 0 DTE without stop-loss again.
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