Mindful Trader Commentary For December 20, 2023


Hey Guys,


The market is right near where it closed yesterday. The S&P 500 is around 4,760 right now.


I had a couple option positions reach their profit targets since my last email. My Visa options hit their profit target yesterday in the afternoon, and my GSK options hit their profit target at the opening bell today. Nice to see the hot streak continue.


I took on a couple new option positions today. I bought options for KHC and CAG in the options account. Those companies are both in the same industry, so their stock and option prices might move in harmony to a large degree.


I didn't take on any new positions in the main account today because I still don't have any available buying power until an existing position closes. I have buying power in the double down account, though, and there are a couple positions from the watch list that are somewhat close to a potential entry.


If you have any questions or feedback, I'd love to hear from you.


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