Hey Guys,
The market did end up magnetizing back to that 4,500 level for the S&P 500. That's where it closed at the end of the trading session, and it's still there right now.
My EOG options gapped up a bit past the profit target for an oversized profit this morning. And my TJX options yesterday locked in a half-sized profit when I manually closed them at the end of the day. But my LYFT stock position hit the stop loss this morning after the earnings announcement.
I've only taken on one new position so far today. I bought options for APO in the options account. I have very little buying power in my main account and so I'm limited on which new stock positions I can take on today. If you're looking for more stock ideas, you can consider APO from the Triggered List.
BABA is reporting earnings overnight tonight, which might create price volatility. I have an options position for BABA and I'm going to hold it through earnings and stick to my trading plan. But if you'd like to side step any potential volatility, you can consider closing the position before the trading day is over.
If you have any questions or feedback, I'd love to hear from you.