Stock markets rallied across the globe. There appears to be no fear with investors chasing stocks higher. The VIX remains low and the bond market might have peaked. Momentum remains higher although stocks look short-term overbought and probably due for a dip.
We closed our CVX trade as planned on Monday, May 6th.
Tonight I am suggesting we exit our Macy's (M) trade immediately on Monday morning (May 13th).
I have updated stop losses on: BBBY, INTC, MRK, and VOD.
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.