Hey Guys,
The market flashed some weakness yesterday but recovered in short order, which might be a positive sign indicating continued strength.
Both my stock and option positions for LRCX reached their profits this morning. The opening bell price for both was a little higher than my profit target price, so the profit was slightly oversized.
LRCX actually got high enough yesterday to reach its profit target. As a reminder, I don't set my sell orders until the next day after entering a trade. The reason is just to avoid any risk of leading any customers into violating pattern day trading rules. You are welcome to sell your positions any time you want, as always. But I always set my sell orders up the next day.
I haven't taken on any new positions yet today, but I already have plenty of positions open.
I have a bunch of option trades that reached their time limits today. I'll be manually closing those near the end of the trading session today unless they reach their profit targets first.
If you have any questions or feedback, I'd love to hear from you.