Hey Guys,
The market is down this morning after what proved to be a noticeable red day yesterday. At this point, the S&P 500 is down about 100 points from where it opened on Friday last week.
My accounts experienced turbulence along the way. My stocks account had two stock positions reach stop losses (GIS and my first WIX trade). Also, my position for A reached its time limit and landed in the red.
My options account hasn't incurred a losing trade yet this week, but a lot of my positions are down right now. We're getting a taste of the risk exposure associated with these option trades. A trade isn't over until it's over, though. Let's see how the rest of the week plays out.
I took on some new trades today. In the stocks account, I bought positions for TEAM and T. In the options account, I bought the options for T.
If you have any questions, just reply directly to this email.
Eric