Hey Guys,
The market went down a lot overnight. The S&P 500 is around 4,540 right now, more than 60 points off its recent highs.
Most of my positions got dragged down with it, but as far as closed trades, I had mixed results. I took another tough earnings loss, this time on EA. But on the flip side, I had an earnings win on STE. My EBAY stock position reached its stop loss, but my EPD options position reached its profit target.
I picked up a bunch more positions this morning. In the main account, I bought stock for ARE and WFC and bought options for EA. In the options account, I bought options for EFA and UBER. In the double down account, I bought stock positions for CDAY, IDXX, and EA.
I have a lot of options positions open right now, which means I have a lot of risk exposure. Most of them are going to get cleared out at the end of the day tomorrow when they reach their time limits. The way they perform in the next 24 hours could have a big impact on my account value, for better or worse.
BUD and CDAY are both reporting earnings overnight tonight, so their prices could get volatile in either direction. I'm going to hold them like normal as per the backtested plan, but it's up to you whether you want to hold them through earnings. I support you either way.
If you have any questions or feedback, I'd love to hear from you.