On Wednesday afternoon during a late lunch break (working outside at the cottage) I reviewed my covered call positions and decided to roll a few positions up based on the strength of the market. Seemed like a good idea at the time. Checking back at the end of the day and find the market tanked just after I rolled up the positions….now it looked like a bad idea to roll up……and then yesterday Trump says he will play ball on some sort of stimulus package and the market jumped up…and it seemed like a good idea to roll up again. The chart below shows the day to day volatility of the account. $10-$20,000 daily swings on a $300,000 account. My Schwab account is swinging $50-$60,000 a day. Volatility was predicted going into the election….but this is unreal.
Overall trend looks good for the past 30 days today…..but wait until tomorrow!