It was a rocky week for stocks with the major averages breaking technical support on Thursday's sell-off. The lack of follow through lower on Friday offers a glimmer of hope for the bulls. Then again, if a civil war in Libya and the biggest earthquake Japan has ever seen in recorded history can't knock stocks lower, what will? The day or rage protests were a no-show. The U.S. continues to see strong economic growth.
Last week's volatility was enough to push CMP, FSLR and MSFT to our stop losses. Meanwhile ATI and TEVA graduated from the watch list to the play list.
WLP is the only stock with a new stop loss.
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.