Stocks are down for their second week in a row. Investors could be taking profits after a strong third-quarter performance. Now the quarter is over. We are about to enter the fourth quarter, which tends to be bullish for equities. However, mid October tends to see some volatility that's probably due to earnings announcements. Q3 earnings season could definitely spark some fireworks in the market.
We were able to lock in strong gains for the 2013 calls on ABT, DFS, and TWX this last week.
JOY has jumped from the watch list to our active trade list.
ADI, APA, CHRW, SCHW and UNP were all stopped out.
I have adjusted stop losses on: DFS and PFE.
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.