Hey Guys,
The market has had an interesting ride since I emailed yesterday. The CPI report on inflation was released this morning at 5:30am Pacific Time. Yesterday the market had a very strong day leading into this report. Then right after the report was released, the market came down precipitously. Then when the opening bell rung an hour later, the market started marching back up and at the time I'm writing this the market is getting within the vicinity of where it closed yesterday. Apparently the market doesn't care about that CPI report after all! That said, this was clearly a volatile whip so there could still be more volatility in store for us.
I bought VRTX stock this morning in my main account and picked up the options for it in my extra options account. It was one of the tickers on my watch list. I had a buy limit order set up for it before the market opened, just like I did for all the other tickers on the watch list. My order got filled right at the opening bell.
The "close by" date for my SPY options position is today, so I'll be closing that right near the close of trading today if it doesn't reach its profit target first. It's amazing that it's even in the vicinity of hitting its profit target right now after starting the morning down so much from the initial CPI reaction. The market is still volatile, so we'll see where it lands by the end of the day. You can of course close the position and lock the profits any time you want.
If you have any questions or feedback, I'd love to hear from you.