We are seeing a divergence in the market between big cap indices like the Dow Industrials and the S&P 500, which hit new highs, and the NASDAQ and the small cap Russell 2000, which are down -5% from their recent highs.
Our plan was to exit the BSX trade last Monday (March 31st).
We want to exit our SBUX trade immediately on Monday morning (April 7th).
I have updated stop losses on: ALK, BAC, and BBT
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.