Yesterday, stocks plummeted dragging SPX down almost 3%. Today, stock bounced, sending SPX up 1.83%. We have been navigating these volatile swings quite well, logging in gains on both sides. We locked in profits in SPY puts yesterday and took in profits on AAL calls, +62.79%, today.
In this week, so far, all of our trades have been profitable except one:
We also traded HRTX, both the stock and option calls, and garnered gains on both. As stated before, I am now trading stocks, ETFs, and options in both Ecstatic Plays and Happy Trades (Click here to see more details). So, for those of you who only trade stocks, you can profit from my plays as well!
Yesterday, SPX went down to test 1900. Today, it popped up to test 1950. What the market did today is perhaps narrowing the trading range a bit for us in the near term. After such big swings, things need to consolidate. Above 1950, there is resistance between 1960 and 1980, while on the down side, the support is now 1900.
TSLA was up +3.8% today, adding more than $9. After the market, it popped another $6.61, or +2.67%. The company announced that the new Model X will begin delivery starting on September 29. This could be an interesting play tomorrow. TSLA came down quite a bit from its recent height of $286. A recent price target hike took its high-end target to $465!!
There are a lot of products on Marketfy. If you are not sure which product to try out, click on the "Get Started" button on Marketfy's Homepage:
You will see that my two products are the top 2 products on Marketfy by portfolio performance:
In particular, my Ecstatic Plays portfolio has more than tripled in just one year of trading! I hope to see you in our Chat Room soon!
Good night and HappyTrading! ™