I cautioned readers last week in the market commentary not to expect any fiscal cliff deal this past week. Sure enough the two parties continue to bicker and posture as the countdown clock winds down toward January 1st, 2013. The U.S. market produced a bearish reversal midweek following the FOMC meeting. Now stocks look vulnerable to more selling pressure.
New stop losses for ADBE, BAC, CREE, DFS, NOK, SIRI, and VLO.
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.