Hey Guys,
The market moved up some overnight and is a bit higher than it was the last time I emailed. The S&P 500 is around 4,455 right now.
My BSX positions gapped up overnight and gave us a nice surprise this morning. My stock position reached its profit target, and my option position earned an oversized profit since the fill price was higher than the profit target. That was an extra bonus of $65 per contract beyond what I was targeting.
I also closed three stock positions that reached their time limits. One was a profit (ACN from the double down account) and two were about breakeven (ADSK and ACN from the main account). Both those breakeven outcomes were like victories in a way since those trades has been red the last several days.
There was a 2:1 stock split on one of my positions: NVO in the double down account. What that means is that the price of NVO stock got cut in half, but to offset that, we each got our share counts doubled. There was no net effect on the value of the position. My brokerage automatically went in and adjusted my sell orders (for the profit target and stop loss) to be half the price of what I originally set and twice the shares. I also updated the website to reflect the revised price points for the trade based on the new stock split prices.
I picked up a few new positions today. I bought stock for OKTA in the main account. I bought the options for OKTA in the options account. And I bought stock for INTU in the double down account.
If you have any questions or feedback, I'd love to hear from you.