Current Portfolio


Portfolio Comments:

The U.S. markets continue to extend their gains. The S&P 500 index has broken out past the 1400 level. The NASDAQ is above the 3,000 mark and the Dow Industrials are setting at multi-year highs above 13,200. Financials helped fuel the rally after investors bought the group following generally positive stress tests results.

We want to keep an eye on the small cap Russell 2000 index, shares of AAPL, and oil prices as potential barometers on the market (see the wrap tonight for details).

BRK.B, CL, and CVX all graduated from our watch list to our active trade list. LDK was stopped out on Monday. I am suggesting we prepare to take profits on NKE by selling at least half of our call position prior to NKE's earnings report this week.

I have updated stop losses on: MMM, QCOM, and SBUX

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.