Good morning!
I picked up some new positions today. I bought stock for EXAS and MDB. I also bought a call option for BX. And in my extra options account, I bought an option spread for EXAS.
My position on GMAB reached its time limit, so I closed it this morning. That one was close to hitting its stoploss. It's interesting how you never can tell for sure which way the stock price is going to go after you enter it. That one met the pullback criteria like all the rest, but its price just never went up after I bought it.
All the options in my accounts are set to expire on Friday of next week, so I won't have any options expiring tomorrow. I'm going to close my stock position on BIIB tomorrow though due to the time limit being reached.
I've had people ask me if, for the options spreads, it would be ok to buy just the "long leg" of the spread (the simple call option). The answer is that 1) you can do anything you want and 2) you can definitely buy just the simple long call option. I bought it as a spread to lower the total premium paid, which might increase the profit multiple that can be earned (up to a point). But if you prefer simple call options, you can definitely buy just the long leg of my spreads when you see them. The profit multiples may not be as high though. And by that, I mean if you spent $100 on a spread and it hits the profit target, you might make $200 of profit. But if you buy a simple call option, which would have a higher cost than a spread, and pay $150, then you might make $150 of profit if it hits the profit target. That's just a simple example (that might be exaggerated!), and in reality it's more complicated than that, but it gives you an idea what I mean when I say that the lower the net amount you pay for the position, the higher the potential profit multiple (up to the point of the profit target).