Hey Guys,
The market is still holding its ground after having rebounding from the setback it had early in the week. The S&P 500 is around 6,450 right now.
My accounts experienced both good and bad since my last email.
On the good side, I had a number of trades reach profit targets. In the stocks account, both PDD and PHG reached their profit targets. And in the options account, both my EFA and AIG option positions reached their profit targets.
On the bad side, I took a couple of trades for TXN options yesterday, and both got hammered overnight. The trades won't be over for a week still, but it will be a tall order for them to overcome the hole they're in now. Still, the trades aren't over until they're over.
Some have asked me why I took two different option trades for the same underlying stock (TXN). The reason is that I use two different trading strategies, and one of the TXN option trades qualified for my main strategy while the other one qualified for my double down strategy. You'll notice they each have different strike prices, too. They are two completely independent trades.
I took on a couple of new positions in my stocks account today. I bought shares of MOH and NXPI.
I have two option positions that reached their time limits today. I'll be manually closing those near the end of the trading session today unless they reach their profit targets before then.
If you have any questions or feedback, I'd love to hear from you.