Hey Guys,
The market is still hanging out in the same general vicinity as it was yesterday. The S&P 500 seems like it's kind of magnetized to the 5,200 price level.
My PYPL options reached their profit target this morning. They actually gapped up a little bit and gave us a slightly oversized profit.
My MMM and ROL stock positions both reached their time limits. I manually closed those at the opening bell. One was a winner and one was a loser, with a small net loss between the two. That ROL position got super close to hitting its stop loss a few days ago, so even though it incurred a loss, I actually feel fortunate that it wasn't a bigger loss.
I took on a couple new positions today. I bought shares of stock for RCL in the main account. I bought options for RCL in the options account.
At this point I have a lot of exposure, particularly in the options account, where I have eight different positions open right now that will be closing by Thursday. It was nice that Paypal hit the profit target partly because it reduced my risk exposure. The next couple of days could potentially have a big impact on my option account value, for better or worse.
If you have any questions or feedback, I'd love to hear from you.