The tug-of-war between the bulls and the bears has increased its intensity this past week. After surging to new highs just two weeks ago the S&P 500 reversed with its worst week of the year. Now the up trend appears to be in jeopardy.
This past week we closed ADI and UA early. GE was stopped out. We also took profits on the MRK 2014 calls.
This week I am suggesting we exit our CL positions early ahead of the earnings report.
I have updated stop losses on CL and KO.
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.