Hey Guys,
The market is cruising upward again. The S&P 500 is around 4,385 right now. Look how it's gone up since that pullback point I mentioned earlier this week:
I couldn't have drawn it up much better than that. It's a textbook pullback and re-ascent.
I had a couple of options positions reach their profits targets this morning: AXP and MS. I also closed out a bunch of stock positions that reached their time limits. Overall those ended up just above breakeven, which was an improvement from where they were earlier in the week.
I took on more positions today. In the main account, I bought stock for MKC and BIDU as well as BIDU options. That MKC one might get a little crazy today because they just reported earnings. In the options account, I bought ORCL options and another helping of BIDU options. In the double down account, I took on another helping of BIDU stock. BIDU isn't very happy out of the gate, but as always, I'm going to stay patient and let the position breathe.
I earned a dividend on my USB stock position. Anyone who owned the stock as of the close yesterday and into this morning's opening bell will earn the dividend. Most brokerages will automatically credit it to your account in the coming weeks.
I have a bunch of options positions that reached their time limits today. I'll manually close those near the end of today's trading session unless they reach their profit targets first.
If you have any questions or feedback, I'd love to hear from you.