Hey Guys,
The market is down from where it was at this time in the morning yesterday. But the level of volatility, at least over the last couple days, is lower than it was last week when we were seeing 150+ point swings in the S&P 500 each day. I'm definitely not saying the volatility is gone, but it has come down to some degree for the time being.
I finally had a new trade set up! It was in the low-priced account. I bought shares of TTE stock.
Some companies, like GOOGL, had good earnings that drove their prices up recently. That might start a strong uptrend for them, and we'll be there to pounce on any pullbacks and join the ride.
My CHKP stock position ended up hitting its profit target yesterday, so I didn't have to hold it overnight through the earnings announcement after all. My stock position for Progressive Insurance reached its time limit this morning, so I closed it and locked in a half-sized profit. My closed trades across all accounts are 13-1 for the week. It helps explain why I keep taking the trades that set up, even when its turbulent in the market. You never know what's going to come next. Even though it was a good week, I took some hits in the weeks prior during the initial market plunge, and I'm still working my way back out of the drawdown.
I have one options position expiring today. It's for SLV. I'll close it at the end of the day today if it doesn't hit its profit target first. That position is not looking very strong. Back in November I had back-to-back wins on SLV options trades, but this time around things haven't gone my way with this ticker.
If you have any questions or feedback, I'd love to hear from you.