It was a good week for the LEAPS with the market closing at the top of its recent range. There were some major moves in companies like Colgate, Abbott and Coca Cola.

We exited winning positions in Ebay and Lilly but were stopped for a loss in Allergan. Drug stocks always live and die by their FDA approvals and the FDA was not kind to AGN.

There are two stop loss changes on CHRW and MSFT. The new stop losses are shaded in green.

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.