Hey Guys,
First a correction note: I posted a trade for MET options this morning that indicated an April 8 expiration by mistake. I fixed it minutes later to be the April 14 expiration.
It was another very busy morning. The market is still in the same general vicinity as it was yesterday, and a bunch more trades set up for us.
In the main account, I took on positions for PRU and RJF, both from the financial industry. In the extra options account, I bought call options for IP, bought a call spread for SPLK, and sold naked puts for V and MET. In the low-priced account I bought stock for IP and LSPD.
My SCHW stock position hit its stoploss this morning. But on the flip side, somehow my original PFE option hit its profit target this morning. I love seeing a profit target get hit at a time when other stocks aren't doing so well.
And speaking of that PFE position, it's interesting to note that right when I initially bought that position the price dropped a lot. It's similar to what happened to me on PRU this morning. Yet PFE ended up coming back up to the profit target after the position had time to breathe. That doesn't mean the same thing will happen for PRU necessarily, but it does underscore the fact that you can never be sure where the stock price will end up. So we can take the unrealized gains and losses with a grain of salt.
I have a handful of options positions that reached their time limits today. I will be closing those at the end of the trading session today.
If you have any questions or feedback, I'd love to hear from you.