Hey Guys,
The S&P 500 moved up a solid amount yesterday (to the 4300 price level), which proved to be nice timing since it lifted some of my options positions right before they reached their time limits. This morning it came back down, but with the volatility we're seeing, who knows where it will go next.
And lucky for us, we don't have to try to guess that. I just stick to the trading plan through thick or thin and rely on back-tested history to tell me where the odds might be in my favor. I don't need to be a fortune teller to benefit from this trading strategy.
Today the only ticker I took on was CL. I bought the stock in the low-priced account and I bought the options in my extra options account. I didn't buy this stock in the main account because I didn't have buying power for it at the time the trade triggered.
As far as closed positions, it's been a mixed bag since my last email. My stock and options positions for MDLZ reached their profit targets, but my stock position for PSA hit its stoploss. I also had some trades reach their time limits that generated relatively small wins and losses.
If you have any questions or feedback, I'd love to hear from you.