Hey Guys,
The market is down a bit this morning after seeing its first red day in a week yesterday. The S&P 500 is around 7,545 right now, which is about 75 points off its all time high.
I had a nice little flush of profits this morning. My MET stock position reached its profit target. And my second set of KO positions (both stock and option positions) reached their profit targets. It was nice to see the double down strategy pay off with KO. The one negative was that my stock position for BTI reached its stop loss yesterday.
There haven't been any new trades yet today. I have buy limit orders in for the tickers on the watch list, as always, but none have filled yet today.
I'm excited about the new option spreads that I announced last night. Even though there haven't been any new trades yet today, I expect that incorporating the spreads will lead to more option trading activity since many of the options with high contract prices will become more affordable in spread format.
If you have any questions, just reply directly to this email.
Eric