Hey Guys,
Another day, another load of new positions. I picked up SGEN and CBOE in my main account (CBOE was a double down trade). I bought CBOE, ANTM, and CSX options in my extra options account. And I grabbed shares of BIP and CSX in my low-priced account.
The only position that's been closed so far today is CHRW since it reached its time limit. That one was basically a breakeven trade.
But there are going to be a bunch more trades closing later today -- I have eleven options trades that are reaching their time limits today! I'll be closing those within the last 15 minutes of trading before the US stock market closes.
At times when I have so many options trades open, the potential rewards can be quite juicy. But obviously, it can also go the other way too since a lot of positions equates to a lot of risk. As of the early part of the day yesterday things were looking somewhat promising for my options positions but they shifted noticeably when the market pulled back yesterday. We'll see how they look when the dust settles after the positions get closed later today.
Overall my stock positions seem pretty sluggish right now. Some are are a bit up, some are a bit down. No stock positions are more than about half way to the profit target or stoploss. The market pulled back yesterday and that put a damper on some of my trades. But we've seen time and time again that anything can happen before the trade is over, so I'm just going to hang tight and see how things unfold.
Side note: with the market coming down some, it might mean that there is going to be an MES futures trade setting up soon.
If you have any questions or feedback, I'd love to hear from you.