Hey Guys,
The market is up yet again this morning. The "feeling" of the market right now is much different than it was a week or two ago.
I added stock positions for IBM and EXPE this morning. I also bought options for EXPE in my extra options account. In addition, I had my first trade in the new low-price account: a stock position for CPE.
With that IBM stock position, I want to point out that earnings are being released tomorrow. That means a volatility spike might be coming soon. I'm going to hold through earnings and stick to my normal plan. But if you don't like the thought of living through a price spike, you can consider dropping the position before earnings are announced (currently scheduled for 2pm Pacific Time tomorrow according to Think or Swim).
I had another MES futures position hit its profit target overnight (and the corresponding SPXL equivalent position reached the profit target this morning). I closed my LUV position this morning due to the time limit being reached. That one took a loss. It started out so well on its first day but then the airline stocks all started going down last week.
My SYY position is also down noticeably today. If it reaches the price of $79.21 today, it would qualify for a double down trade. I already filled my two stock slots for the day in the main account, so I won't be buying the stock if it reaches that price. But I will be looking for the options.
If you have any questions or feedback, I'd love to hear from you.