Today's rebound was nice but not strong enough after last week's sell-off to convince me that the rally has resumed. I'm going to exercise caution here.
Trades: I sold ANR, LULU, and RES shares acquired from in-the-money bull call spreads. I've updated Friday's post with the gains & losses.
I'm sure glad some positions sold early because watching my stocks fade going into expiration wasn't fun. I went from licking my chops as I anticipated a nice profit, to damage control. That's option trading - not for the faint of heart.
Reversal alerts: (19). Here we have a bunch of value stocks with a forward P/E below 30. In order of forward P/E (ascending): AMED ORRF SMP ENSG PRK CHE ESE SNHY & HUBG.
Here's my watch list sorted by 2-week performance. Too much red.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment