The U.S. market managed an impressive oversold bounce with the S&P 500 index gaining +3.7% last week. It was the best week for 2012 to date. Unfortunately the markets remain hostage to the situation in Europe. The upcoming Greek elections on June 17th could be a major catalyst to propel stocks one way or the other.
Looking at our play list we saw NTES hit our bullish exit target.
I have updated stop losses on: BMY, CL, LLY, and VZ.
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.