Hey Guys,
The market is rebounding back upward right now. The S&P 500 is around 4,105 right now.
That helped a couple of my options positions reach profit targets this morning: SO and JPM.
It also epitomizes how you never know what's coming next in the market. There had been a gloomy feeling in the market the last few days, and then it suddenly burst upward and carried a lot of my portfolio along with it.
I closed all those expiring options trades yesterday. My options account actually turned a nice profit this week (5 wins, 1 loss) despite the market turmoil.
There is only one new trade today so far. I picked up GMAB stock in the double down account.
If you have any questions or feedback, I'd love to hear from you.