The rally continued into the fourth week. The indices broke out of their weekly downtrend. The better-than-expected CPI and PPI fueled the rally for the last 3 days. RUT crossed its 200 SMA today. SPX is only about 50 points below it. The seasonality has not played out this week.
I wasn't well prepared for this rally. My IB suffered further. The netliq is down another 11K including the 9K cash for buying back 3 positions. My rolling and hedging ability is restricted by IB. The leverage is at 10.72. The highest level ever recorded. The realized P/L is -5884. The cash is -8900 since I had to buy back 3 positions to void forced liquidation. I may have to continue to close my SPX positions to reduce my leverage.
The 0 DTE is still working. The TOS ITM short call continued to be a drag. I kept rolling it for over a week now. The original $1800 premiums were not worth the time and effort. The two accounts collected $1950 for this week. It only averaged $390 per day. I tried another 1 DTE IC. It was a scratch.
I must prepare to unwind most of my SPX and RUT positions in IB. I don't have much room to hedge or roll. It's going to be my most significant loss after the years of undisciplined rolling. On the positive side, I may be free to concentrate on the more productive trading systems.
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