Editors Note:

The Dow continued to rebound on the lack of tariff headlines but profit taking hit the Nasdaq and Russell. I wrote on Monday that we should expect to see some profit taking when the Russell and Nasdaq hit their old highs. The Nasdaq came within 4 points and apparently that was close enough for sellers to appear. The Russell did hit its prior high by one point and the selling was immediate. The Russell had been up five consecutive days. It was due for a rest when that high was tested. Despite the intraday declines on the Nasdaq and Russell, they are still bullish.

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

No 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

Iron Condors = Couch Potato Trader

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 (Alpha by Symbol)

No Current Puts