We continue to hold all open positions, including the newly issued DIA calls as the Dow Jones bounces off the 200-day, and the homebuilder calls that are rebounding nicely.
Today, we’re recommending that you sell to close half of the XLNX January 2015 42 calls, as the underlying moves higher. While we believe XLNX can refill its bearish gap from $48, we just want to protect some gains here and free up some cash.
XLNX is just beginning to reverse off wildly oversold conditions.
Again, sell to close just half of the XLNX calls for gains of up to 31%.
We’ll talk again shortly. Until then, take good care… and have a great weekend.