The other day we recommended exiting just half of the Xilinx (XLNX) January 2015 42 call for gains of up to 33%. Today, after watching the underlying stock just lay around, we’re recommending that you sell to close the second half today. We can use this capital elsewhere with something a bit more exciting.
Sell to close XLNX January 2015 42 calls for gains…
We’re also recommending that you sell to close just half of the DIA October 167 calls for a win if you are happy with current gains. As hoped, the Dow Jones bounced beautifully off its 200-day moving average, as it has done historically. We now show a 17% gain from a $2.60 entry price. While we believe we’ll see more gains from this, we’d rather not risk it all should tensions flare up between Russia and the Ukraine again.
Sell to close just half of the DIA October 2014 167 calls…
We’re also showing good gains on the homebuilder stock rebounds. Our KBH October 17 calls are now up 20% at 90 cents. The LEN November 37 calls are up 19% from a $2.10 entry price. And the TOL December 33 calls are up 44% at $3.10.
If you’re happy with those gains on Toll Brothers (TOL), sell to close half to secure that gain. Hold the second half. Also hold the other homebuilders. We’d like to see more gains on those before banking any gains.
We do have our losers, unfortunately. Staples (SPLS) – for example – hasn’t worked out well yet. But we continue to hold that, as well as all other open positions. We still have firm catalysts and pivot points in place.
Stay tuned for more updates and recommendations shortly. Until then, take good care.