Hey Guys,
The market has been quiet again so far to start the day. The S&P 500 is around 6,600 again.
I had a lot of fun activity in my options account this morning. I had four different option trades reach their profit targets: both VFC trades, USB, and ROKU. Not only that, but VFC gapped up overnight, so the most recent option position I bought for it ended up with an oversized victory. My options account went up 8.6% just from those four trades.
It was nice not just due to the profit, but also because it cleared risk off the table for me. And the timing of that might be good. The Fed is making an announcement later today, and it might cause volatility in the markets. I now only have three open option positions and four open stock positions, which reflects a more "middle of the road" risk profile. That might be good for today.
Despite the Fed announcement, I'll stick to my trading plan as always. I'll buy and sell when stocks and options meet my strategy criteria rules. I haven't taken on any new trades yet today since none of my buy orders from the watch list have been filled yet.
If you have any questions or feedback, I'd love to hear from you.