Hey Guys,
The market is still in volatility mode. The S&P 500 is up overall this morning, but at the same time, it went up 40 points and back down 40 points just in the last 20 minutes, so it's definitely moving around a lot.
I had two trades reach their profit targets this morning: my GM stock trade and my BMY option trade. It's a nice way to start the week.
And with the BMY option trade, it gapped up overnight and gave me an oversized victory that delivered 77% more profit than I was targeting. I didn't have to take any manual action to lock in the excess profits, as my sell limit order automatically filled me at the prevailing price when the market opened this morning.
I took on one new trade this morning. I bought shares of stock for EW in the stocks account. I don't have a lot of open positions right now. As always, I stay patient and go with the flow, wherever that path leads.
If you have any questions, just reply directly to this email.
Eric