Mindful Trader Commentary For April 27, 2023


Hey Guys,


The market closed down yesterday but is now back near where it was when I emailed yesterday. The S&P 500 is around 4,085 right now.


It was a pretty wild morning for my trades. They were shooting all over the place. FIS gapped up past the profit target on a good earnings report. VRTX hit its profit target. On the other end, I had a couple stock positions hit stop losses (LSXMA and FTNT). I also had positions that reached their time limits. All in all, seven positions got closed, which really cleared the decks for new trades.


And there were many trades from the Triggered List to choose from. In the main account, I bought stock for PXD and ALGN as well as options for PXD. In the options account, I picked up positions for MRK and JNJ. In the double down account, I bought stock positions for WCN, WM, and EPD.


One change to note: for the Citi options I bought yesterday (ticker symbol C), I failed to notice that they overlap a dividend date. I don't want to own options that overlap with a dividend. So I will be manually closing that position near the end of trading today before tomorrow's dividend. I have a bunch of other options that reached their time limits today, so I'll close Citi at the same time as the rest of those.


If you have any questions or feedback, I'd love to hear from you.


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