The S&P 500 index is down two weeks in a row but that follows a six-week climb. Stocks have essentially churned sideways as investors waited for Bernanke's speech in Jackson Hole and now the upcoming ECB meeting.
September is traditionally a weak month for stocks yet equities tend to climb prior to a U.S. presidential election. There are definitely a lot of cross winds in play for the market.
SWKS graduated from our watch list to our play list and our trade will open on Tuesday morning.
No stop loss adjustments.
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.