Hey Guys,
The market had a nice surge yesterday, and now the S&P 500 is up around 6,300. Let's see if it can stay "detached" from that 6,250 price level that it had previously been magnetized to.
I had a bunch of positions get closed since my last email. My TER and CSCO stock positions both hit their profit targets. My IBM stock position reached its time limit and ended up in the red.
On the options side, I had 6 positions reach their time limits yesterday and get manually closed. Four had profits and two had losses, which is a better outcome than we were facing earlier in the week.
Overall for the week, the stocks account had 4 wins and 2 losses for the week and the options account had 5 wins and 2 losses. Both accounts grew, but the net profits were relatively small. Even so, I'll take it.
I took on one new position this morning. I bought Carvana stock in the stocks account.
If you have any questions or feedback, I'd love to hear from you.