Hey Guys,
The S&P closed down yesterday, but it back up a bit this morning. Overall, the market has been showing plenty of strength.
I took on some new positions today. In the stocks account, I bought positions for BCE and NUE. In the options account, I bought options for NUE.
Also, I bought options for SNAP and APO yesterday after my morning commentary email was sent out. So at this point, I have four open option positions in my options account, which is a fair helping of risk exposure.
I have seven open positions in my stocks account, and while that may seem on the surface like more risk exposure than my options account since there are more positions, the option trades are more leveraged and take on bigger position size risk as a percentage of my account value. So the options account carries more risk with its current holdings (and also more potential reward).
If you have any questions or feedback, I'd love to hear from you.