Hey Guys,
The market is still relatively quiet. It's up a bit this morning from where it ended yesterday. The S&P 500 is around 5,230 right now.
I had a few positions lock in profits this morning. My SQ stock position from the main account hit its profit target, and so did the SMCI stock position from the double down account. I also manually closed my BMY stock position this morning since it reached its time limit, and that one earned a partial profit.
The SMCI position was an interesting one because that stock has so much volatility. The stock went up more than 20% in value in the one week that I held it. Most of the trades I do are for stocks that don't move like that, so this one was a really extreme case. Either way, I always stick to the same position sizing approach, so whether the stock is volatile like that or more quiet, each position is sized so as to have the same potential impact on my account value.
There have been no new trades yet today. After yesterday's email, I did end up taking a stock position on MNST and an option position on WFC.
The data feed for the options section of our watch list is down right now. We're working to figure out what's causing it and hope to have it restored soon. These are the options I have buy limit orders set up for right now:
.RNG Apr 5 Call (Buy 32 Strike) - 3.11
.HRL Apr 5 Call (Buy 33 Strike) - 1.16
.EBAY Apr 5 Call (Buy 48 Strike) - 2.43
If you have any questions or feedback, I'd love to hear from you.