The S&P 500 index has finally broken out to a new all-time closing high, surpassing its 2007 peak. The next obstacle is the 2007 all-time intraday high of 1576. After a two-week consolidation sideways the market looks poised to keep running. Let's hope Q1 earnings results don't derail the rally.
The plan was to exit our MSI and URBN trades on Monday, March 25th.
EXPE was stopped out on Thursday.
I have updated stop losses on CL, DLTR, KO, and WMT.
We want to exit our KO 2014 calls and exit our ZNGA trade on Monday morning at the open.
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.