Hi Guys,
The market is up this morning from where it was at this time yesterday. The S&P 500 is around 4170 right now. It had been in a tight range for the first half hour but then popped upward. In volatile market conditions like this, it could explode either direction at any time.
I've only picked up one new position so far today, and that was an options position for SO in the extra options account. My buying power is limited in my other two accounts. In the main account, the only three tickers from the watch list that could fit into my account today would be ANET, DIS, or PAYC. So unless one of those three reaches its potential entry price, I won't be adding new positions today. There are other tickers from the watch list that have already triggered today, such as PEG, LNT, and JBHT, but I didn't buy them since I don't have the buying power.
No positions have closed yet today. And for the first time all week, I'm seeing some tickers with green in my account. It's no longer just a sea of red. It's more like a mixed bag right now.
I have a number of options positions that are reaching their time limits today. I'll be closing those near the end of the trading session today unless they reach their profit targets or stoplosses before then.
If you have any questions or feedback, I'd love to hear from you.