The monster short squeeze from Wednesday died with a whimper today. Overbought conditions from the big squeeze ran into a low volume lack of interest. Investors did not want to chase that 545 point Dow gain higher and the tech stocks that were so positive on Wednesday fell flat on Thursday. Futures are down hard again and the market will have to make up its mind on direction before next week.
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.
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 option strategy, try these newsletters:
Credit spreads and naked puts = OptionWriter
Long term option investments = LEAPS Investor
3-6 month Option Trades = Ultimate Investor
Long and short equity trades = Premier Investor
Full updates on all plays on Wednesday and Saturday. Only closed plays are updated on other days.
BULLISH Play Updates
No Updates to Current Positions
BEARISH Play Updates
No Current Puts