The major indices had a volatile week. The main catalysts were FOMC and NFP on Wednesday and Friday. A selloff on FOMC day followed by NFP pop. The major indices ended this week with small losses except for QQQ. The first part of May would be volatile historically. My read of the market is leaning to the downside. I will objectively follow the price actions.
IBQ Netliq is up 7.5% from 301K to 325K. The options' value is down 12.5% from -199K to -174K. The leverage is down from 101 to 84. It's the lowest level as far as I can remember. The realized P/L is $24,453. It's mainly the result of reduced option value. The collected cash is $2,650, including $1300 monthly interest. I made a total of 66 trades for the week. That is an average of 13 trades a day. It's probably on the lower side. I reduced 2 SPX SCs for the week. The SP positions were rolled a little closer. Overall, it was a good week. The range-bonded market and reduced positions contributed to the results.
The 2 personal accounts were unwinded to 0 on Wednesday. They were in the mud for a week. I had double BF wins on Thursday. The NFP rally today forced me to roll SC BFs to next Monday. I wasn't able to expand the SPs this morning. TOS and IBP collected $3080, $2866 each. The cash total is $5,946 for the week.
Lessons Learned and Plans:
1. Continue to set EM levels and trade accordingly;
2. I should look for an options calculator that can calculate combos.
3. I am experimenting IF Butterflies. The base theory is that one side will be OTM at EOD. The strikes must be not inverted. I will be willing to let a DITM side go if it's a trending day. I should not trade this strategy on any major news event.
4. Obeseve and recognize my emotions and stress levels. Practice short meditation when I am under stress during the day.
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