Current Portfolio

Portfolio Comments:

It was the best first quarter performance since 1998. The NASDAQ outperformed the major indices with a +18% surge. The S&P 500 and small cap Russell 2000 both posted +12% gains for the quarter.

Now that the quarter is over earnings season is just around the corner. Investors need to consider how they are going to approach earnings season. Do you consider some sort of hedge against your bullish positions? Or do you ride out any post-earnings volatility? It might be a good time to double check your stop loss placement.

FXI and LXK were stopped out. We closed NKE at the open on Monday. OMX, KO, and BRCM all made the jump from our watch list.

NOTE: BRCM met our entry point requirement at the close on Friday. We will open positions on Monday morning.

I have updated stop losses on: QCOM and UNH

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.