The market has continued to find a more stable footing and break above major resistance levels. Coupled with an accommodative Fed policy, we see better risk/reward for bullish trades. We are using this opportunity to reduce exposure in our short positions and add to our long opportunities.
- IT – 54% Loss: Long Feb 15 115/130 Put Verticals @ $2.35
- SBUX – 75% Gain: Long Apr 18 65 Calls @ $4.40
- UPS – 57% Loss: Long Feb 22 89/97.5 Put Verticals @ $1.19
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