Hi Guys,
Even though the market powered to new all time highs yesterday, it's been volatile the last 24 hours. Yesterday I emailed about the market having a strong drive up, and by the end of the day it had reversed all those gains and more. Today it's been back and forth so far this morning but leaning down as of the time I'm typing this.
I picked up new positions today in all accounts. In the main account I bought stock for ZS (I had limited buying power so I could only take on one stock position). I also bought options for DDOG (it was a double down trade).
For the extra options account I grabbed positions for MSFT, ACN, AVGO, and SLV. Notice that I bought the Dec 3 expiration for those even though it's only Tuesday. That's because there is a holiday on Thursday and there aren't enough days left in the week to use this week's expiration date.
For the low-priced account I bought TJX and SLV shares.
My ABBV options hit their profit target this morning. I closed out my SM stock position in the low-priced account since it reached its time limit. That one was a half-sized loss.
Tomorrow at the end of the day, I'll be closing out a bunch of options positions. I'm doing it a day earlier than normal due to the holiday. Let's see if the market gives us an upward thrust going into the holiday.
If you have any questions or feedback, I'd love to hear from you.