The market swung to the upside overnight off of the good news from Europe and pretty much held there till the end of the trading session. I was in a position in WMT and got to see my position break even and then move to the profit side. I set my limit price a little high to see if the stock price/option price would reach it at the end of the day and it did (it pulled back after that which makes me feel even better to know that I got out in time). That was pretty cool to see the market actually chase my price in the last 30 seconds of the trading day. I made a decent profit and I may consider getting back in WMT on Monday. I like the way the option prices move with the 30-40 delta and with WMT the stock price moves fast. It could go either way but no matter what I like to see the options price move so I know there’s a chance I can make money. I guess that’s the impatient side of me coming out.
My other positions moved close to their break even point so let’s see what happens on Monday.
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