No new stock trades so far today. My account is packed to the roof with stock positions so I can't take on a new one today unless another one clears out. I can squeeze in an options position though if one sets up, but none have as of yet.
On the next trading day (which will be Tuesday by the way since Monday is a holiday), I'll have three positions hitting their time limits. So that will clear up some space to take on more trades.
I closed out my options trade for COP this morning. The option was expiring today, so I closed the position this morning. I sold it for the exact same price I bought it for, so that one ended up being a wash.
Quick note on Kellogg's - the dividend got locked in overnight. I got a notice from my trading platform that they adjusted my stoploss by the amount of the dividend. That's not what I wanted, so I went in and put the stoploss back where it was.
For those following my extra options account, that was quite a roller coaster over the last few days and particularly this morning. My extra options account is down 2.2% since I started it two weeks ago. A few different tickers were up nicely at different times (CBOE, UPS and BAC) and then dropped like a rock. And with options that are within a week of expiration like these, that can cause huge swings in their valuations. These swings happen with my stock positions all the time, but the effect isn't as pronounced as it is with these options. That makes the options fluctuations feel more extreme.
It can be helpful to remember that it goes both ways, and although this week there were some unrealized profits that slipped away with those options, in other weeks there might be duds that turn into a great profit by the end (or cases where there is a good profit that turns into a great profit). All these things are accounted for in the back test research I did. So although it may have been uncomfortable to watch the profit disappear, this isn't abnormal. This has happened many times before, and will happen many times again. I'm going to stick to my plan, as I always do, but keep in mind that you can always adjust the trading approach to your needs (i.e. by choosing a lower profit target), especially since this pullback trade appears to have raw edge in back tests.