Update for Monday 3/23

Portfolio had a good day for Monday and the whole market was up as well. The DOW lifted off up 497.48 (6.84%) and the S&P 500 rocketed up 54.38 points (7.08%). Portfolio was up $4,267.61 led by the usual suspects of BAC and MS. BAC was up 26.01% while MS was up 20.70%.

BYODH was up 118% yesterday for a running total of 126.85%. I just need BAC to string together a couple of up days. One trade for yesterday. Thinking that the market was just gapping up in the morning and that the rally would die off, I quickly sold an April 24 call on MS ( MSDY) for $1.75. This gives me the obligation to sell MS for $24 in the third week of April. So I'm a loser here if MS is trading for anything over $25.75 (24 plus my premium). Well as we all know, the market continued to climb and MS tacked on $4 after I made this trade. Had I sold this option at the close, I could have netted $3.10. $1.35 just left on the table.

I had an open order that was good till close to sell 5 contracts of BYODH at $1.10. This would have been half my position to lock in a profit on the original 10 contracts but it never hit. BYODH actually hit as high as $1.10 for a quick second before closing at $1.09. Must be a sign that I'm supposed to make more money on this trade.

As I am typing this at 718 am, the futures are down and so is most of the DOW in premarket. We shall see where this day takes us.