Hey Guys,
After a quiet start to the week, the market came back to life and jumped up overnight. The S&P 500 is around 6,550 right now.
One of my NVO stock positions reached its profit target this morning. It was the most recent one. It paid off to buy that second "double down" position.
I took on some new positions today. In the stocks account, I bought a position for GM. In the options account, I bought options for ADM.
When the morning started, I actually had almost no available buying power in my stocks account. Once the NVO position reached its profit target and closed, that freed up the buying power for me to go buy GM.
I have a lot of open option positions right now, which means I have a lot of risk exposure. It could cause a big swing in my account balance in either direction.
If you have any questions or feedback, I'd love to hear from you.