Hey Guys,
The market went down noticeably late yesterday, only to bounce back up overnight. The 4,500 price level of the S&P 500 is becoming a familiar face considering we've passed through that price point almost every day this month.
My BABA options reached their price target this morning. They responded favorably to the earnings release. Also, my XLI options hit their profit target this morning, and my EOG stock position reached its profit target yesterday. I manually closed a few stock positions this morning that reached their time limits, and they were a net wash in terms of profitability.
Hitting those profit targets was nice because I have some other options positions that are in the red and dragging down my account. Those and a number of other options positions reached their time limits today, so I'll be manually closing those near the end of the trading session today unless they reach their profit targets first.
I haven't picked up any new trades yet today. I have the buying power available at this point, but no trades have set up yet this morning.
If you have any questions or feedback, I'd love to hear from you.