Hey Guys,
Although the market has had a fair amount of back-and-forth action over the last week, overall it has been moving upward.
My stock position for CE reached its profit target this morning. That only took a day. Nice to lock in a quick profit like that.
My stock trade for HMC reached its time limit, so I manually closed that position this morning at the opening bell. It ended up with a small profit.
Those option trades that reached their time limits yesterday ended up with a net loss. It wasn't fun, but at the same time, the outcome wasn't as bad as it looked early in the week since KMI and WMB bounced back to a large degree. Many of you bought the KMI and WMB options shortly after me and ended up with much lower entry prices, and hopefully you locked in some nice profits on those with their rebounds.
Overall, it was a mixed bag this week. There were wins and losses in both accounts. My stocks account had a net gain for the week, but my options account had a net loss.
I took on some new trades today. In the stocks account, I bought positions for PSX and HES. In the options account, I bought the options for those same tickers.
If you have any questions or feedback, I'd love to hear from you.