Editors Note:

The indices are ratcheting higher but there is only so high they go before profit-taking sets in. When it does the decline could be swift, sharp, and prolonged but it doesn't pay to trade that way until the signals are there.



Current Portfolio


Stop Loss Updates

Check the graphic below for any new stop losses in bright yellow. We need to always be prepared for an unexpected decline.


Profit Targets

Check the graphic below for any profit stops in green. We need to always be prepared for a profit exit at resistance.



Current Position Changes




If you are looking for a different type of trading strategy, try these newsletters:

Short term Calls and Puts on equities = Option Investor Newsletter

Credit spreads and naked puts = OptionWriter

Long term option investments = LEAPS Investor

3-6 month Option Trades = Ultimate Investor


Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.


BULLISH Play Updates

No Updates on Current Positions


BEARISH Play Updates

No Updates on Current Positions