Current Portfolio

Portfolio Comments:

The U.S. market ended a two-week decline but the rally failed to breakout past its September highs. Are we facing a bearish double top? Are stocks going to consolidate sideways while investors wait for Q3 earnings results to hit? Does the rally continue? These questions will likely be driven by corporate results. The Q3 earnings season begins this week but doesn't hit its full strength for another week yet.

Readers might want to consider taking profits early on our MRK and PFE trades. Visa, LEN, TWX and ABT are also doing very well.

We had KMB and SIRI jump from our watch list to play list.

CAT, MDR, and MSFT were stopped out.

LLY hit our bullish exit target. We also closed our 2013 calls on the TJX trade this last week.

I have adjusted stop losses on: ABT, MRK, PFE, TWX, and V.

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.