The better CPI numbers and FOMC provided the market a big boost. DJ and NQ reached their all-time highs. SPX at 4720 is only about 100 points, 2% away from its new high. The small cap is legging behind. The Santa rally keeps going. The dip buyers are very active. SPX and NQ booked their 7th consecutive winning week.
IBQ Netliq suffered a big drawdown this week. It's down 11.5% from 268K to 221K, the lowest since May. The realized P/L is merely $4183. The collected cash is only $1368. The delta is in the red at -300. It went up to -500+ on FOMC. The options' value shoots up 18% from -265K to -322K, the worst since Feb. The leverage is up to 20.2. It's set back to May again. The total positions are C 8 -0, P8 +2. I made 60 trades for the week. The commission cost is $238. It was a disastrous week for me.
The two small accounts got deeper ITM. The collected cash is only $1890. IBP and TOS each got $1371 and $520. There were some points up with 2 SCs in each account. These small improvements are far behind the big rally.
Lessons and Plan:
1. I followed the -1+1 rule.
2. I neglected the negative delta impact. I will make the adjustment from the further out date (FOD) first. FOD usually has more room to move around.
3. I will continue to study the 1-1-2 system for next year.
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