It was not a good week for put plays. Bullish comments from BTU following the company's better than expected earnings report ignited a sharp rally in coal stocks. Both the KOL and WLT were stopped out. I urge caution on MICC and RIG. We were expecting the correction in MICC but RIG's under performance is alarming.
Please note the new stop loss for RIG ($39.80).
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 dropped play this week.