Hey Guys,
The market dropped noticeably since Friday's highs and now the S&P 500 is back below that 5,000 price level. It's sitting around 4,975 right now.
I was fortunate enough to get out of some of my key positions before the market dropped. On Friday, I had two option positions reach their profit targets: PG and IBM. That cleared the decks of my options account.
This morning, I had three stock positions reach their time limits, so I manually closed those. XLP and AU both actually gapped up despite the market drop, which was a fun surprise and happened just in time for me to reap the rewards before closing the positions.
I took on new positions this morning. The first one I'll mention was a crazy one: JBHT. I bought the stock and within two minutes it hit the stop loss. That was an abrupt way to start the day! That's atypical, as most of my positions last about a week, but every once in a while something like that happens. It can go both ways.
I also bought stock for PSX in the main account. I bought options for QQQ and PSX in the options account. I got another helping of JBHT in the double down account.
If you have any questions or feedback, I'd love to hear from you.