News that ECB President Mario Draghi is planning a bond-buying program to help save the Eurozone sparked serious short covering on Thursday. The major U.S. indices are hitting new multi-year highs or in the Russell 2000's case, it's hitting new relative highs.
Be forewarned that this week could see some volatility of Bernanke does not announce some form of QE3 at the end of the two-day FOMC meeting.
EMN, SCHW, and SPRD have graduated from the watch list to active trades.
I have adjusted stop losses on: APA, CHRW, LLY, MON, PFE, SCHW, TJX, URBN.
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.