The U.S. markets have extended their 2012 gains and the S&P 500 is up +2.5%. Investors seemed unconcerned over rumors of a credit downgrade in Europe on Friday and traders bought the dip near the S&P 500's rising 10-dma.
Earnings season is about to start. That means volatility for individual stocks could spike as traders buy or sell the news. Readers need to decide how they plan to approach this earnings season.
We saw FDX and NKE make the move from watch list to active trade this past week.
I have updated stop losses on: BZH, DOW, LDK, SHW, and X.
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.