Hey Guys,
The market is continuing its roller coaster ride. After its surge Friday morning, the S&P 500 is now back down almost 100 points to around 3,900.
My exposure to the market swings is a bit smaller now because I have less open positions than I did most of last week. This morning five different trades reached their time limits and were therefore closed, which reduced my exposure.
Most of the positions I closed this morning were for a loss, although DINO jumped up and hit the profit target this morning amidst the market turmoil. My position on Allstate took a partial loss, but that loss was softened by the fact that I earned a dividend of $0.85 per share while holding the position.
I picked up a few new positions this morning. In the main account I bought stock positions for SJM and ADM. In the extra options account I bought options for ADM.
If you have any questions or feedback, I'd love to hear from you.