Last week started off strong for the bears but the market reversed sharply on Tuesday. Equities experienced a very widespread bounce. Unfortunately the Monday-Tuesday weakness was enough to hit stop losses on several trades.
We saw KO, MCD, NVDA, and V all get stopped out early in the week.
IWM and IYT, both bearish trades, were triggered but IYT has been stopped out on the big bounce.
BMC plunged without warning on Friday and hit our stop loss.
I've updated the stop loss for BMY, EMC, HPQ and IWM.
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.