Day 8, $19,953

Markets opened lower but rose to book gains after a report that oil reserves are dropping, which suggests that there could be an increase in demand for energy which could indicate a recovery. I took a logic class in college once and I believe we would have classified this type of argument as being a slippery slope. Looks like the bullish trend is continuing, the markets are looking for reasons to buy.

No trade in current positions.

NTES closed at $41.44. Staying below 42 with only a few more days left until expiration.

NYX has been dropping but sits at resistance. If it breaks below I will look to be adding a collar position to my long stock to protect my invested capital.

I will be looking to get into more trades for the next expiration month to start bringing in more value to this account.