Hey Guys,
The market started down a bit this morning but is already back up to where it ended the day on Friday. The market is showing signs of strength, although it's also still reflecting volatility.
I picked up SYY this morning. I grabbed stock shares for it in my main account and options for it in my extra options account. For my SYY options trade, the spread didn't make sense (the "short leg" would have given me almost no value), so I bought just the single call. In other words, it was a simple option trade where I bought just the 81 strike call option.
I had a few positions close. My DELL stock position reached its profit target right at the open of the market. One of my MES futures positions reached its profit target over the weekend. And my RCL position reached its time limit, so I closed that manually this morning for a relatively small loss. Also late last Friday my American Express options reached their profit target.
I want to point out that for the futures position that reached its profit target, the corresponding SPXL equivalent didn't yet reach its profit target (at least as of the time I'm writing this). The reason is because futures trade around the clock, whereas stocks have a more limited time frame for trading. And over the weekend the price of futures went up far enough to reach my profit target, but then dipped back down before the normal stock market opened, thereby leaving the corresponding SPXL position still open. It can go the other way too; back in September the reverse happened and my futures position got triggered for a stoploss overnight but by the time the normal market opened the price had come back up and the corresponding SPXL position stayed open. The MES futures and SPXL are very closely correlated, but they are not perfectly aligned when it comes to trade outcomes and that's one example of it.
If you have any questions or feedback, I'd love to hear from you.