The market's oversold bounce produced a weekly gain but the failed rally on Thursday and Friday has cast a bearish shadow over stocks. The major indices look poised to retest their "flash crash" lows. Nimble traders could use any weakness near significant support levels as a possible entry point but be prepared for the possibility that stocks actually breakdown and keep sliding. If you have a profit you may want to cash it in.
There are no changes to our portfolio and no new stop losses.
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.