Three New Highs In A Raw 6-14-24

 It was another record-breaking week. SPX and NQ booked 3 and 4 new ATHs. The triggering events were CPI and FOMC on Wednesday. CPI showed a 0.1% better inflation MOM. FOMC dot plan projected 1 rate cut for the year instead of 2 to 3 cuts. The market brushed off the hawkish change. The PPI confirmed that inflation eased.

Interestingly the Dow and RUT didn't run up to new highs. They diverged from SPX and NQ. Some data showed only a few high-flying stocks were holding the market. The market tends to pull back in late June seasonally. We will see if this year is any different.   

IBQ Netliq is down 10% from 179.8K to 162.7K. The breakout above 5430 hurt my short calls more than helping the bull puts. The realized P/L is $21796. It's a nice recovery as I exited some bull puts. The cash collected is $3342. A large part of the cash was earned from the directional trades. I rolled NVDA calls up. I milked the original 10X CS to $2K profit and took a 100-share assignment. I was calm and creative through the process. The meditation helped me with a clear head. The delta is up from -219 to -264. The leverage is up nearly 20% from 309 to 360. It could have been worse if I didn't RR the 5250SC to 2 SPs. The total positions are C6-1 and P9 -2. There were a total of 54 trades. The commission cost is $205. I added one 1-1-2 for the July 26 expiration. 

The 2 small accounts are in the worst status in the last 12 months with the new highs. Their b/p were both at low 20Ks. I had to wire 20K to each account just in case. The realized P/L is $-28355 for the week. The cash collected is -1040. IBP and TOS got $-620 and $-420 each. It's the first time both accounts collected no premiums in a week. I had to spend funds to roll to save the B/P. I traded 0 DTE in TOS with a strict stop-loss order in place. It's breakeven for this week.  

 Lessons and Plan:

1. Stick to the stop-loss plan and build the habit.

2. Have patience in directional trades. I have different emotions when in such trades.  

 3. Stay calm and disciplined. Make myself a little better every day.