Hey Guys,
The market is exhibiting its first major red day in a while. The S&P 500 is down 100 points this morning from yesterday's close. But even with that, we're still at the all-time high that was established just back last Friday.
My stock position for NSC reached its profit target yesterday. My MTCH stock position reached its time limit this morning and came in with a small loss.
The option trades that reached their time limits yesterday gave me a mixed bag of outcomes. My CSX position reached its profit target but my ETSY positions dragged me down. Many times those "double down" situations (where I have two positions for the same ticker) really pay off, but this time around with ETSY it didn't.
I took on some new trades today. In the stocks account, I bought positions for AMZN and EL. In the options account, I bought options for IWM.
If you have any questions, just reply directly to this email.
Eric