The stock market continues to rally and the S&P 500 just notched its fifth weekly gain in a row. The S&P 500 is clearly above resistance near 1400 and the NASDAQ is above the 3,000 level but can the market hold these levels?
We closed our Coca-cola (KO) trade as planned prior to the stock's 2-for-1 split. We also took profits on our VLO trade by closing the 2013 calls but we still have the 2014 calls.
We have adjusted the stop losses on: DFS and MRK
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.