Hey Guys,
The market gave up its gains from yesterday and is back to where it had been last Friday. The S&P 500 is below the 3900 price level as of the time I'm writing this, which means we're relatively close to the 3850 "Bear Market" price level. We still haven't seen the market have a "close" in bear market territory yet this year, but we've knocked on the door multiple times.
I picked up a new position today in the low-priced account. It's for the ticker AVT. I also have my eye on PSX for the low-priced account and will take on a position if the price reaches 92.52.
We haven't had any new options trades yet this week. That said, both the trades from last week that are open (CPB and WDC) are a bit under breakeven and are still in the zone of the back-tested edge, so those continue to be possible trade considerations.
If you have any questions or feedback, I'd love to hear from you.