If stocks looked overbought last week they look even more overbought now. I would hesitate to chase the market if you're looking for a long-term bullish entry point. Equities will see a correction. It's only a matter of time.
VLO gapped open above our exit target
ANR and JBHT were closed on Monday, Jan. 28th as planned.
FSLR hit our stop loss.
Please note that we want to exit our ADBE, SIRI, and TCK trades on Monday. See the play update section for details.
I have updated stop losses on: AIG, APKT, GE, HON, SIRI
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.