The market was waiting for CPI on Wednesday. It was choppy before the report. The major indices swung up and down for the last three days after CPI and PPI. They ended up for the week. SPX is up five consecutive weeks this year. Dip buyers showed up at critical levels every day this week. I didn't perform well for the last three days. I was overreacting to these swings. I rolled my positions too often with emotions.
The IB Netliq is almost unchanged at 295K. It broke above 300K as a milestone on Wednesday and Thursday. The leverage is down by 5 points from 128 to 125. VIX is below 20. The realized P/L is $8.6K. It recovered from last week's -$3.1K. The collected premiums are $4.7K with too many open positions. I added 3 SCs to the total of 11. SP stayed at 7. RUT added 1 SC to 4. The SP is the same at 6. It was the same problem with making too many small rolls. My positions increased when the swings got bigger.
TOS finally unwinded all positions. I made one BF for $1K this week. It collected $1.1K for the week. IBP has one more SC left. It made $290 only. I tried one BF but got the direction wrong. It was OTM.
Lessons Learned:
1. I need to slow down and stay cool when the market is volatile.
2. I forget to recognize my emotions when the market is hot.
3. I won't make position adjustments without at least 10 points gains.
4. I will adjust a position when the loss is 2x or more of the premiums.
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