The major indices popped on better-than-expected CPI and PPI data. The inflation is cooling off after more than one-year rate hikes. SPX is above 4500 for the week. RUT is holding 1930 now. The majors are in their new ranges now. Are we going to see some consolidations or pullbacks next week?
IBQ Netliq is down slightly from 322K to 319K. However, the options' value is up 4.7% from -183K to -192K. The leverage is up from 90 to 94. I may need more further dated hedges to bring it down. The realized P/L is -$7.7K. These DITM SCs are a drage. I was aggressively adjusting my positions to keep the delta in line. The collected premiums are only$1556 for the week. I didn't have any BF scalps because of the position rules. There were 101 trades this week. Some of them were old rollovers. It's still too many trades. The total positions were reduced from 23 to 21.
The two small accounts are back in the slump with this rally. The total cash collected is only $574. IBP got $163 from rolling. I tried one BF. It didn't get expanded. TOS collected $411. This drawdown has been over one month now.
Lessons and Plan:
1. I need to practice more breathwork during my meditation. I should focus on the present with conscious intentions.
2. The issues of calm and patient are the same every week. I am making progress little by little.
3. My goal is still to eliminate these DITM positions by the end of August.
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