It was a rough week for the U.S. market. Concerns over the EU's struggling members like Italy and the lack of progress on the debt ceiling talks in the U.S. sapped investors confidence. Most of our candidates only suffered mild profit taking. Yet BA and UNP were underperformers and definitely had a bad week. I would like to think there is some sort of quote error with the bid on the NGLS call since the bid has collapsed. The spreads for the long-term NGLS options are untradeable right now. If it's not an error then I fail to see how the market makers are offering us a fair market for those options.
There are new stop losses for SWN.
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.