Hey Guys,
The market is up a bit this morning from where it finshed the day yesterday. The S&P 500 is around 4,020, which is nice little cushion above that major 4,000 price level.
What's good for us is that the tech sector in particular jumped up overnight. I have a number of technology stocks and options positions, and that had a nice impact on my position values.
Let's see if that jump in price holds throughout the day. I have a huge load of options positions that will reach their time limits at the end of the trading session today. The direction of the market between now and the end of the day could have an impact on the outcome of those trades.
I only took on one new trade today. I bought LHX stock in the main account. My accounts are all filled to the brim with positions and I can't fit anything new at this point.
I closed two stock positions this morning because they reached their time limits: Capital One and Discover. Those two have served me well in the past, but this time around both were partial losses. I earned a dividend on my Discover position, which helped offset the loss a bit. Anyone who owned Discover stock overnight from Tuesday night to Wednesday morning automatically earned the dividend. Most brokerages will credit it to your account at some point in the next several weeks.
If you have any questions or feedback, I'd love to hear from you.