The Fab 5 – update

The Fab 5 basket of stocks had a solid week with $MTB leading the way with a 3.5% gain. $MON left the team due to its earnings report and the likelihood that it will need more time to set back up for a run at the $100 Roll. I do have a non-Fab 5 position that was put on after the earnings reaction, just to be clear.

I added $ONXX in the empty slot left by $MON (goes into the “not complete” status) and it has performed well already. The others in the basket are $LH $PVH & $RGLD.

Here is the Summary:

The $MTB position is in a Covered Call scenario and is currently well ITM (in the money) so it is susceptible to being called away at any time.

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