Another week, another gain for the S&P 500 and NASDAQ. This can't last forever. Stocks are short-term overbought but that doesn't mean the rally can't keep going. After a six-week surge higher now is a good time to double check your stop losses.
FIS hit our stop loss.
Our long-term call trade on HSY was closed on October 28th. We still had a short-term put position. Fortunately HSY hit our exit target to close the put and we turned a losing trade into a winning one.
See the HSY play update for details.
There are new stop losses for ADBE, CLX, COST, CRM, FB, K, PEP, and V.
Note - some of our positions have been adjusted for the cost of short-term protective puts.
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.