The U.S. stock market is down two weeks in a row. There seem to be a growing number of signals that the market is poised for a pullback. We've been waiting for a correction, which would be healthy for the market.
I am suggesting investors double check their stop loss placement. I am turning cautious on a few of our trades. We want to exit our BBBY, DLTR, and MRVL immediately on Monday morning (June 3rd).
There are no stop loss changes tonight.
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.