We need to watch Mosaic (MOS) here as it is fast approaching our short $140 June Call. With this amount of market volatility, we can be more aggressive with taking short term profits on positions that exceed 50% of their max profit. Had we done this, I wouldn't have to write anything for Mosaic or Wynn Resorts (WYNN). Back to MOS. I am concidering rolling up to the 145 calls and the 120 puts. I will send out another post if we do that.
WYNN - The stock has continued to decline below the 95 short put to arount 93.6. The support from April is at 93.47. We may roll down the put and the call.
COH - So far the roll up in the put was early. We may need to close out the 35 put if the price closes below the 200 day MA. I am also watching the uptrend line which held support earlier.
USB - USBanc has slipped below the strike price as well. However, we haven't broken the cost basis or the Max profit stop. If you use the technical, you should be out of it. I haven't called for it to be closed out because it hasn't broken the cost basis yet.