Hey Guys,
The market dropped a lot overnight. The S&P 500 is now well below the critical 4,000 mark and is hovering around 3,960. I actually wouldn't say the 4,000 price level has been officially broken just yet, though, and the market might magnetize back to that level. We'll have to wait and see if it does.
I'm pretty fortunate that I got out of all those options positions at the end of the day yesterday. I even locked in a few profits on those trades despite the market turmoil. It was an undoubted net loss overall on all those options, but it could have been way worse if I held them into this morning.
My remaining stock positions took a hit overnight, though. My ADBE stock position in the double down account gapped down beneath the stoploss price for an oversized loss. Most of my other positions got dragged down with the market drop as well.
I picked up new positions today. In the main account, I bought stock positions for RCL and UBER. I also bought another futures position (MT 97 for those interested) and posted the stock equivalent with the ticker SPXL. In the options account, I bought the options for RCL and UBER.
If you have any questions or feedback, I'd love to hear from you.