Hey Guys,
The market has been quite volatile all week. Yesterday, at one point, the S&P 500 was up 70 points and seemed to be in the midst of a rebound, but then it proceeded to drop 100 points and ended up the day down about 30 points. So the waters are pretty turbulent in the market right now.
With all those option positions that got closed yesterday, I had a few that ended up with a profit, but most ended up with a loss. My main account and double down account didn't get hit too badly (both went down in value a bit less than the S&P 500 did over the last week), but my options account got tagged hard.
I've lived through this type of thing before, and I'll live through it again. Even my best years of performance had periods of substantial drawdowns along the way. My goal is to stay grounded and stick to the plan.
In the main account, I bought stock positions for LBTYA and BAC. In the options account, I bought options for BAC.
If you have any questions or feedback, I'd love to hear from you.