Weekly Update: May 15, 2017

| May 15, 2017

Weekly Update:  May 15, 2017

 

What To Watch

Today’s markets are a mixed bag.

First we’re up… then we’re down… Now, we’re up again.

This summer could be an interesting test of the market’s strength.  If the “Sell in May and go away” crowd takes hold, we could see the entire market tumble.

But if they don’t, we could be in store for a nice rally.

The GM Puts are still in the money and have a nice profit… take some money off the table… and if you are an aggressive trader, consider holding onto a few options for bigger profits.

NEM Calls are sitting tight.  We haven’t seen the big move lately.

Our DOC Calls are in the money!  We hit a 71% gain in the option just a few days ago… and we still have another two months in the trade… so hold on, I’ve got high hopes for this trade.

Our most recent trade, TGT, took a shot to the chin last week.  The stock dropped to $55.25.  Nevertheless, I think this company could rally in the next few weeks.  Hold tight.

New trades next week!

 

 

Category: OTW Weekly Updates