Hey Guys,
The market went down a pretty big chunk over the last 24 hours. The S&P 500 is down 90 points since my last email. Its price right now is near a 2-week low. That said, it still falls within the range that it's been in over the last couple of weeks.
My stock position for BMY reached its profit target. Over the last 4 weeks, my stocks account has had 19 wins and 5 losses. Let's see if we can keep the high win rate going.
I took on some new trades today. In the stocks account, I bought shares of BA and BAX. In the options account, I bought options for both BAX and GM. I already have one option position for GM, but this is a new one (different option vehicle and different expiration date), and is therefore treated like a completely separate trade even though it shares the same underlying ticker symbol as the first GM options trade.
If you have any questions, just reply directly to this email.
Eric