Hey Guys,
Since yesterday's email, the market has gone down and then back up. The S&P 500 is still in the same range that it's been in for the last two weeks, which is anchored around the 5,600 price point.
I had a number of positions get closed since that last email. This morning, my CNC and YUMC stock positions reached their profit targets. SO reached its time limit, so I manually closed it. That one came in with a small loss.
Also, I closed those two option positions yesterday. One was a profit and one was a loss, but the net effect was positive, so my options account value grew this week.
It's been a nice week for my stock trades. My stock account went up 1.7% over the last week. By comparison, the S&P 500 went up 0.2% over the same period.
There haven't been any new trades yet today. I'm floating into the weekend with very little risk on the table. I only have one open stock trade right now.
Reminder: the market is closed on Monday due to Labor Day.
If you have any questions or feedback, I'd love to hear from you.