Hey Guys,
The market took a wild ride on Friday that saw the S&P 500 get as low as 200 points below its prior day close. But it started to rebound in the last hour of the day on Friday and has continued its rebound into this morning. The S&P 500 is now at 7,620, which is about where it opened on Friday.
My ADSK option trade reached its profit target this morning. That was a welcome sight after having seen some recent turbulence in that account.
I took on some new trades today. In the stocks account, I bought positions for BP and UNH. I bought the options for BP in the options account (I went with the simple call options for this one).
If you have any questions, just reply directly to this email.
Eric