We have good news and bad news…
Let’s start with the bad news. The second half of the KNDI September 19 put isn’t working out as hoped. We closed half of this position for gains of 31% in late July 2014. We’re now recommending that you close out the second half at a loss.
We’ll make up for that loss going forward.
The good news – we’re closing out four winners today.
- Sell to close the second half of the KB Home October 17 calls for up to 60% gains… We closed half just yesterday for up to 60% gains, too.
- Sell to close the second half of the Lennar November 37 calls for up to 43% gains… We closed half just yesterday for up to 48% gains.
- Sell to close the second half of the Toll Brothers December 33 calls, too, for up to 65% gains. We closed just half of this trade earlier this week for gains of up to 44%.
- We’re also recommending that you sell to close the second half of the DIA October 167 calls for gains of up to 46% gains. We exited half earlier this week for gains of up to 27%.
All of these trades are beginning to look a bit toppy. Instead of risking our gains, hoping for further upside, we’re taking our earnings and moving on. We can always buy back at a later date.
Hold all other open positions. With the exception of the KNDI loss on the second half, we’ve now closed out 16 winning positions (including positions exited in halves) since July 2014.