Stocks snap back with the market moving from one of its worst weekly declines of the quarter to one of its best weekly gains. The major market averages have rallied to new all-time closing highs (the NASDAQ hit new 13-year highs).
NOTE: We want to exit (close) our CZR and DLTR trades on Monday morning, December 23rd. We also want to exit our JPM 2014 calls on Monday morning to lock in gains.
BBT, MGM, and MTW
have graduated from our watch list to our active play list.
I have updated stop losses on: AVGO, COF, DE, FLR, VRSN, WDC, and WYN.
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.