It was the worst start to the month of February since 1933 for the S&P 500 index and since 1983 for the Dow Industrials. Fortunately, a sharp rebound lifted most of the major U.S. indices back into positive territory by Friday's closing bell.
The stock market's sharp sell-off on Monday and Tuesday last week tagged a few of our stop losses. ALK, DE, HFC, ITW, and SNDK were stopped out.
Last week our plan was to exit our AVGO and MSI trades on Tuesday, Feb. 4th.
This week I am suggesting we exit our LVLT trade on Monday morning, Feb. 10th.
I have updated stop losses on: HON, JPM, and SBUX.
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.