It's the first full work week since I returned from my China trip on Nov 7th. It took over a week to recover from my cold and jet lag. The trend has switched from a terrible Oct to a Nov rally. SPX gained 10% from 4080 to 4514 during this period. The EOY rally is in play now.
IBQ Netliq is down 9.2% from 289K to 268K. The netliq is at the lowest level since March 28. The drawdown is the result of my trip from mid-October. The realized P/L is -$43226 as I was in heavy SCs. The options' value is up 11% from -233K to 260K. The leverage is up 23% from 107 to 139. The better CPI report on Tuesday caused SPX a 2% rally. It made my skews upside down. The cash collected is $1889. The total positions are C9,-1, and P7,-1. I made 59 trades for the week. The commission cost is $234.7. I spent a lot of time to adjust my positions after Tuesday's CPI. The delta is down from -307 to -237. I had to make a risk reversal from SC to SP. I am getting back in the game now.
The two small accounts almost got unwinded before the CPI report. The collected cash is only $1238. IBP and TOS got $756 and 482 each. There are 2 SCs left for each account. I had one BFP in TOS last week. It dragged into this week. I didn't follow my rule to take a stop loss.
Lessons and Plan:
1. I didn't follow my rules for position sizing. I have a tendency to gamble my luck.
2. It looks like I will miss my goal of eliminating these DITM positions for this year. I am researching new strategies to replace my current ones. I am studying a 1-1-2 trade system and daily directional setups.
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