The regional bank fallout dominated the market this week. Credit Swiss and two US regional banks got into trouble. The major indices closed with mixed results for the week. DJ and RUT are down. NQ and SPX are up. The tech-heavy NQ surprisingly performed the best. I am trying to figure out what the reasons are. FOMC will be the focus of next week. There could be more bad news from banks. It will be another volatile week.
The IB Netliq is up 12% from 197K to 223K. VIX is slightly up from 24 to 25.8. The leverage is down 16% from 205 to 172. The realized P/L is $21.9K. The collected premiums are only $1870. I didn't see an SC ITM right above a BF that caused a $4000 assignment last Wednesday. I even checked my IB position list but didn't see it. The open options' value is down 18% from 300K to 277K. It was a better week overall.
The two personal accounts are still in the mud. I am getting close to unwinding the ITM positions from the week before the last. TOS only added $100 for the week. It's a total waste of time. IBP had two successful BFs this week. It collected $1.9K for the week.
Lessons Learned:
1. My portfolio heavily depends on market movements. The ultimate solution is to eliminate these longer-term ITM positions. I must keep this goal in mind.
2. I followed the -1+1 rule this week. It was too volatile to trade the 10+5 BF as planned.
3. Patience and Time are my constant goals.
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