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Adjustments and Comments on Open Advisory Letter Trades (Note: We have started posting our trade updates in a separate Report in the Member’s Area. Please see that document for a current reflection on all Open and Closed Trades which will be updated nightly). But here are the current Adjustments.
XLV – We did two trades depending on your trading preference: (a) shorted 1,000 shares of XLV at $73.77; and (b) sold 10 May 75/78 bear call spread for $.49/share. Stop Loss: $74.72.
IWM – Sold 10 May 139/144 bear call spread for $.76/share (note: I posted earlier the wrong strike prices, but gave the proper Credit at the time, sorry, prices better now nevertheless on IWM bounce). Stop Loss: $138.22.
TLT – Sold 10 May $119/114 bull put spread for $.59/share. Move stop loss $122.80 to protect gains, and bid $.10/share to close.
Happy trading! If you have any questions or comments, please e-mail Greg Capra at Greg@mastertrader.com or Dan Gibby at Dan@mastertrader.com
All the best,
Greg Capra
Managing Director and Pristine Founder
Dan Gibby
Chief Options Strategist
Follow Greg on Twitter and StockTwits to get real-time updates:
Twitter: @GregCapra
Stocktwits: Greg_Capra
