Hey Guys,
The market hasn't rebounded yet, but it has shown signs of finding a "base" around the current price level. The S&P 500 is around 4,700 right now and hasn't gone very far below that the last three days.
I closed out those option positions that reached their time limits yesterday. They all came in with a loss minus a couple that had small gains. December's "quick rebound" tendencies didn't continue into the first part of January, although I have a whole new slate of positions and we'll see if a rebound gets under way now that there seems to be a base taking form.
Either way, my approach is to take historical tendencies and try to use them to my favor. It's not profitable every single week, but I don't expect it to be. I always have a long term perspective, where my objective is for the odds to work in my favor over time. I accept that in the short term at any given moment, there could be losses. This was one of those weeks. Even though I accept they'll happen, it's a pretty sour taste after so many good weeks recently.
I took on more new positions today. In the main account, I bought stocks for DHI and BIP. In the options account, I bought options for HON and DHI. In the double down account, I bought stock for CBRE.
If you have any questions or feedback, I'd love to hear from you.