The U.S. markets were in hibernation mode last week. Stocks were content to churn sideways as investors counted down the last remaining trading days of 2011. It was a wild year with significant volatility and yet the S&P 500 index closed flat (-0.0%) for the year. Most of our candidates experienced a flat week but we did see KBH get stopped out.
I am suggesting investors take some money off the table in our BMY trade (see update for details). Readers may also want to take some profits in our KFT trade.
I have updated stop losses on: BMY
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.