Ten months later our bullish trade on the GLD has been closed. Precious metals saw significant profit taking this past week and our GLD play was stopped out at $149.40. The sell-off in crude oil pulled oil stocks lower and our PBR play has been stopped out. Meanwhile we had planned an early exit from our Citigroup trade to avoid any mess caused by the 1-for-10 reverse stock split.
We had several candidates resist the market's widespread pull back and a few managed to post gains for the week.
CACI and SWN have new stop losses.
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.