Hey Guys,
The market took another big dip yesterday and is down again to start the morning. The S&P 500 is around 6,850 right now, which is more than 150 points off its high from earlier this week. There is volatility in the air.
I had two stock trades hit their stop losses yesterday in the turbulence. They were the trades for EBAY and BIDU. And considering I have option trades for both those tickers, that doesn't bode well for my options account.
I have four option trades that reached their time limits today, so I'll be manually closing those near the end of the trading session today. The EBAY and BIDU option trades are down noticeably right now, but let's see how things turn out once all the trades are officially closed and the dust has settled.
There haven't been any new trades yet today. Nothing from the watch list has been filled yet.
If you have any questions, just reply directly to this email.
Eric