The market got a boost as the CPI for April didn't get worse. The market ignored the PPI's rise the day before the CPI release. SPX reached another milestone of 5300 ATH. DJ and NQ hit 40000, and 18760 all-time highs as well. The bulls are strong and resilient. The market trends and sentiment are only sometimes in sync with reality. There tends to be a small pullback in May before the summer rally seasonally. But I have to trade the current market prices.
IBQ Netliq suffered a pullback with the new high. It's down 10% from 194 K to 175 K. The realized P/L is -75269. The draw-down continued. I parked many adjustment positions at this Opex week. The May rally hurt these SC positions. The collected cash is only $1782 with a BFC winner. The delta is from +368 to -466. The leverage is up from 270 to 320. The total positions are C8 -2 and P11 +1. There were a total of 66 trades. Some of them were done in previous weeks. The commission cost is $273. I tried three directional 0 DTE without luck. I will continue to practice the directional trades. I added one 112 trade for June after one expired.
The two small accounts had mixed results. The realized P/L is -32650 as the rally to ATH. The cash collected is only $255. IBP and TOS got merely $362 and $-110 each. The two SPs in IBP were exited. I added 2 more to bring up SCs. The TOS transfer from TD to Schwab was smooth. I may have to move this account to IB as the different margin rules limited the lopsided adjustment.
Lessons and Plan:
1. I was relatively calm and collected during this week. Thanks to the daily meditations.
2. Keep in mind of my adjustment principles: 先远后近，先大后小，趋势导向，远调近出。
3. I realized I must refocus on the 112 strategy as my annual plan required.
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