The market continues to sink and stocks actually look short-term oversold but then market can always grow more oversold. It's starting to look like the "sell in May" strategy would have been a good one this year.
Last week I warned readers that it was a make or break week for some of our trades. We had a handful of candidates get stopped out on last Monday's sell-off.
I am suggesting an early exit for our DRI trade. Meanwhile EAT, JRCC and SMG have been stopped out. ZMH has made the jump from our watch list to play list.
No 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.