I
cover my short LEN May 43 calls @43.9
Lennar
Homes is breaking out to new highs, and XHB the home builder ETF is
also trending higher. As always when being stopped out, there is a
chance of a whipsaw. This is the last card from three sets of calls I
sold on the dip back a few weeks ago. Like the other two short call
trades, LEN was a big loser.
The others were Boeing BA and Telsa
Motors TSLA. Had I stuck to my guns on those, I would be looking at
huge losses because the rally has rolled on. Today is a bad day to be
short as the stock market rally picks up speed.
Long
BA BRKB IWM LEN LGF PG WFC TSLA
Net
long APC SPY
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