We were expecting stocks to churn sideways while politicians squabbled in Washington over the fiscal cliff. Sure enough Washington failed to disappoint with no progress on some sort of compromise. We could be facing another week of little to no progress before democrats and republicans finally start to give in just in time for Christmas.
ADBE and SBUX
have graduated from the watch list to the play list.
New stop losses for FSLR and NOK.
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.