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