SPX made new highs every day of the week. It breached 4900 several times but failed to close above this century's figure. However, the bulls are still in charge. The bull flag is holding up in daily and weekly charts. The 3.33% quarterly GDP was better than the 2% expected. PCE is up 0.2%, and M/M matches the expectations. The January effect is positive so far. The small caps are the only index leggings.
IBQ Netliq is 212K, down 1.8K from last week. I had to split the 1-31 4450SC to 2x 4-19 5075SP to balance the negative delta. The realized P/L is $20767. It partially recovered the 76K loss of last week. The collected cash is $6.3K. I traded two BF expansions on Tuesday and Friday. Each had 2K and 2.5K. I was a bit greedy to roll 2x for each of the BFs. The delta improved to 27 from -350 last week. The split risk reversal helped for now. The leverage is up slightly from 223 to 227. The total positions are C7 -2, and P9 -2 after so many in and out. I added one more XSP 1-1-2 on March 1st for $120 this week. I made 61 trades this week. The commission cost is $323.
The two small accounts are still in the ICU. I used inverted RRs to roll them up 10 points at a time. The realized P/L is -$4271. The collected cash is only $1761. IBP and TOS got $1168 and $598 each. I didn't want to spend too much B/P.
Lessons and Plan:
1. I continued to use the delta hedge strategy. The risk is that too many positions on one side of the boat. It will suffer heavy losses if the trend changes suddenly.
2. I adjust positions in far DTE and roll them into short DTE. That leaves me room to adjust if the price direction changes.
3. I plan to add a mid-day meditation session to help me stay calm and alert.
4. I will study Gamma effects on 0 DTE. I will look for a gamma graph for 0 DTE.
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