We're trimming the portfolio this weekend. Five of the LEAPS plays hit our profit targets. I've decided to close three more plays early since they're under performing the market.
Speaking of the market the trend is still up but the rally looks a little tired with the major indices short-term overbought and near resistance. That's a recipe for some profit taking.
I would be cautious about opening new long-term positions. If an opportunity does present itself consider scaling into it a little bit at a time to limit your risk.
Disclaimer: At any given time the author may have positions in any or all of any companies mentioned in the Leaps Newsletter.
--Position Summary Table--
Table lists Directional CALL or PUT/LEAPS only.
Insurance puts, if applicable, are not shown.
Red symbol/name represents a dropped play this week.
Jim's portfolio and updates has been included in the normal play updates section.