Hey Guys,
Well that was a fun ride yesterday. The market didn't seem to care about the Fed saying it thought a recession might occur this year. It boomed upward yesterday. The S&P 500 is around 4,160 right now.
I locked in profits all over the place as a result. My AAPL and ANET options reached their profit targets. The other expiring options trades that I closed late yesterday resulted in a net profit for me. My AAPL stock position also reached its profit target this morning. I manually closed my PANW and ANET stock positions this morning since they reached their time limits, and both of those locked in profits.
I noticed something cool about the options account that I want to share. In the 7-day period that ended yesterday, the stock market went up about 1%. My options account went up about 10 times as much during the same period. It shows the potential power of this options trading strategy. And that was from simply taking options trades right off the watch list like always. That said, the options trades definitely come with risk. This week that risk paid off.
I picked up some new positions today. In the main account, I bought shares of stock for CAG and STE. In the options account, I bought the CAG options.
If you have any questions or feedback, I'd love to hear from you.