Current Portfolio


Portfolio Comments:

The major U.S. indices posted a loss for the first week of Q2. Worries over rising Spanish bond yields and the thought that the Fed might not create any additional QE sparked some selling pressure for equities. The S&P 500 saw a -1% decline for the second time this year.

The market was closed on Friday but the futures spiked lower following the disappointing jobs data. Currently stocks are poised to gap down and spike lower on Monday morning. If the sell-off is too steep we could see several of our bullish candidates get stopped out.

The Q1 earnings season is about to start. I am reposting my comments from last week:

Now that the quarter is over earnings season is just around the corner. Investors need to consider how they are going to approach earnings season. Do you consider some sort of hedge against your bullish positions? Or do you ride out any post-earnings volatility? It might be a good time to double check your stop loss placement.

We did see our new trade on OMX get stopped out. No stop losses were changed in tonight's update.

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.