Hey Guys,
The S&P 500 seems to be anchored to this 4200 price level this week. It's making wide swings in both directions around that level, but it's staying in that general vicinity. This is a noticeably lower price level than we had seen in prior weeks.
And despite that, I hit some more profit targets today. In my extra options account, I hit the profit targets on MRK and BMY. Some profit in the midst of market turmoil is nice. That said, I hit the stoploss on my INVH stock position this morning just a day after I bought it.
I added new positions today. In the main account, I bought stock for DG. There was also a trade that triggered for XLP right off the watch list, but at the time it triggered, I didn't have the buying power available in my main account to take the trade. So I gladly bought it in the low-priced account. I then took on options positions for DG and XLP in the extra options account.
I have a few options positions that reached their time limits today. I'll be closing those at the end of the trading session today. With my stock trades, when a time limit is reached, I close the trades first thing when the market opens. But with options trades, I close them right at the end of the day when the market closes.
If you have any questions or feedback, I'd love to hear from you.