Hey Guys,
The market is down this morning. The S&P 500 is around 3,920, which is well below the 4,000 mark we had been seeing earlier this week.
What's cool is that even though the market is down noticeably, my overall portfolio is only down a nudge right now. CAG came back to life after looking terrible out of the gate, which caused one of my CAG options positions to reach its profit target this morning. It's yet another one of those examples of how a trade isn't over until it's over. My patience and willingness to stick to the plan paid off on this one.
I picked up some new positions today. In the main account, I bought shares of GPC and STT. In the low-priced account, I bought shares of HAL and GM.
Today I have a bunch of options positions that reached their time limits. I will be manually closing those shortly before the end of the trading session today (1pm PST) unless they reach their profit targets or stoplosses before then.
If you have any questions or feedback, I'd love to hear from you.