Stocks continue to melt higher in dramatic contrast to normal, seasonal trends. We are taking advantage of the market's recent strength to take some profits in stocks like BIDU and NVDA (selling the 2011 calls but keeping the 2012s). We are also closing our put plays since the market environment has turned so bullish.
New stop losses for BIDU, GLD, INFY, NVDA, and RIG.
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.