Hey Guys,
The market had been in a rhythm of going back and forth one day after the next, but it broke that pattern today. The S&P 500 had gapped down yesterday, and then it gapped down again today. So that's two red days in a row, and another clear sign of market volatility.
I ended up with a nice net outcome for my option trades that reached their time limits yesterday. They had started the day all in the red, but my NFLX options ended up hitting their profit target yesterday. And while my KR and RNG options ended up in the red, they both had nice days yesterday that minimized the respective losses. Overall I ended up with a net profit for the week in my options account.
The same can't be said about my stocks account. My trade for SPOT reached its time limit this morning, and it ended up with a loss. After having had a couple nice weeks in a row in that account, I had a net red week overall this week.
I took on one new trade today. I bought shares of NET in my stocks account.
If you have any questions, just reply directly to this email.
Eric