Hey Guys,
The market is hanging out at about the same spot as it ended yesterday, which is way up in the clouds pricewise. The S&P 500 is around 7,365 right now.
I had a couple more positions lock in profits today. My LYFT stock position reached its time limit and landed in the profit zone.
And my PTON option position reached its profit target in a big way. It gapped up overnight for an oversized victory. I was targeting a profit of 22 cents per contract, and ended up with a profit of 65 cents per contract due to the overnight increase in price. I didn't have to take any manual action to secure the excess profits; my sell limit order automatically filled me at the higher prevailing price.
My BAX option position reached its time limit today. I'll be manually closing it near the end of the trading session today unless it reaches its profit target before then.
I haven't taken on any new trades yet today. STT from the watch list is pretty close to filling. I have a buy limit order in for the stock at 148.73. We'll see if it fills at some point today.
If you have any questions, just reply directly to this email.
Eric