All the major indices had a positive week. SPX retested its 200 DSMA and bounced from there. RUT didn't even come to its 50 DSMA. It held better than the others. The sentiment turned positive. The daily downtrend is still intact for SPX. The majors closed below their 20 DSMA. Seasonally the first half of March can be volatile. It's something to keep an eye on.
IB Netliq went up 10% from 224.7K to 249.7K. It's a new high for the last 2 years. The leverage was reduced from 174 to 149. VIX is below 20 at 19.4 now. The open options' value is also down 7% from 286K to 267K. It's the lowest level for 2023 so far. The realized P/L is 63K for this week. It covered the 15K loss of last week. The premiums collected are $4.2K. Most of it is from the BF hedges. I had to skip one day's BF hedge based on the -1+1 rule. It was a good week overall.
The two personal accounts worked with the BF hedges. The TOS account collected $3.2K cash. The IBP got $3.3K cash. The total is $6.5K. The hedges in both accounts got ITM with the rally today. I will have to unwind the two positions next week.
Lessons Learned:
1. The BF hedges continued to generate most of the income for the week. I followed the -1+1 rule most of the time. I should have applied the rule strictly on Thursday's reversal. I had one side that didn't exit.
2. I watched the number of positions closely. It's the mean of risk control. The week ended with one more SPX SP and one more RUT SC. I will resolve it by early next week.
3. Patience is still my weakness. I made a couple trade mistakes on Monday. I rolled way too early for the 4040 SP. It could have been OTM by the end of the day.
4. I must calculate the options' values in Delta, Theta, and Gamma instead of feeling them.
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