Hey Guys,
The market went up yesterday. The Fed announced a rate hike and apparently the market was quite happy about it.
I closed a number of positions for profit along the way. Yesterday my stock positions for WMT and ORLY hit their profit targets. My options for WMT also hit the profit target. This morning I closed three other stock positions that reached their time limits. Two of them had partial profits, and one was just below breakeven. Overall the last 24 hours has definitely been profitable.
Also, MAS released earnings this morning before the market opened, and it shot upward in price out of the gate. It got to within 2 cents of my profit target, but then pulled back a bit. We'll see where it ends up, but nice to see that the initial price thrust went my way on this one.
In the main account, I bought shares of LUV stock this morning. I bought the options for LUV in the extra options account. LUV just reported earnings and it had a big price drop as a result, which triggered an entry. It's not off to a good start for me after buying it, but as always, I'm going to give it time to breathe and see where it goes.
I also bought stock for SPR in the low-priced account just now.
I have two options positions that reached their time limits today (PEP and CLX). I'll be closing both of those right before the end of the trading session today (1pm Pacific Time) if they don't hit their profit targets or stoplosses first.
If you have any questions or feedback, I'd love to hear from you.