The market rallied on the QE2 news and stocks are trading near multi-month highs (for some of our candidates they are at all-time highs). The trend is up but we don't want to launch new positions without some sort of dip. We're taking some profits on our NVDA play after the stock hit our early target.
New stop losses for GLD, ESRX, MCD, and NVDA.
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 play or option position exited or closed this week.