Investor sentiment on equities has started to sour. The major indices saw a -3% pull back last week. Traders are growing more concerned that Europe won't be able to solve its problems and headlines of potential credit downgrades for EU nations only reinforces this fear.
We've got two weeks left for the year. There is still a chance the market might see some year-end window dressing. However, volume is going to continue to fall as more and more professional traders pack up and go home for the holidays.
We saw RIG hit our stop loss last week. Meanwhile we had a scheduled exit for the ROST trade.
There are no new stop loss updates tonight.
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.