Hey Guys,
First the correction. On my extra options account page, I had the expiration for the CME option listed as June 5. That was a mistake. It's expiring today. I closed my position this morning.
The market is back up again this morning and every position I have is showing a profit right now. Wasn't it nice yesterday to have a clear plan when the market went down?
I sold two stock positions this morning. GOLD sold for a loss and CINF sold for a nice profit. I also closed my CME option for a nice profit (138% gain on the amount I spent, which equated to 1.2% of my account balance).
A lot of healthcare stocks went straight down out of the gate. That presented a buying opportunity for CNC, so I bought that stock. But on the flip side, that caused my CVS option (from my extra options account) to go down sharply in value this morning on expiration Friday. I pinched out a profit on it, but it was a far cry from where it ended the day yesterday. I hope some of you were able to get more juice out of that trade!