The CPI and PPI came out hotter than expected for January. They show that inflation is sticky. The bulls shook off the bad news. SPX made another closing ATH at 5030 the day after the CPI report. The Opex had a rug pull in the final trading hour. The seasonality is kicking in as well. In the last three years, the market started a pullback on Feb Opex day. Let's see if it will play out the same way.
IBQ Netliq is down another 3.5% from 197K to 190K. It set a new 52-week low. It's about 47% off the peak of 360K. The netliq suffered from both up and down days. The realized P/L is down -$48,077. More than half of it was caused by the CPI report selloff on Tuesday. I was limited to adjusting further DTE positions by EOD red B/P. I had to roll out some 0 DTE and expand the spreads on Tuesday. The collected cash is $3,727. I only traded 2 BFs on Monday. I had one debit PS ITM today. The delta is -327. The negative delta helped during today's selloff. The leverage is 270, in line with last week. The total positions are C10 +4 and P10 +1. There were 93 trades this week. Some of them were executed weeks ago as rollouts. The commissions cost $$406. There was no fill of 1-1-2 for this week. I wanted to save some B/P.
The two small accounts survived another week. The B/P of TOS dropped another 4K from 25K to 21K. I traded 3 BFs in IBP. I could only roll the positions in TOS due to the B/P limit. The realized P/L is $9770. The collected cash is $3465. IBP and TOS got $3144 and $321 each. I need to figure out some creative ways to unwind these DITM positions.
Lessons and Plans:
1. Pay attention to a possible pullback. Those transitional periods tend to damage portfolios.
2. Be quick to adjust my biases and positions when and if the market conditions change.
3. Remember my daily intentions are "Keep calm, Stay disciplined."
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