The Fab 5 – weekly update

Each weekend I do a review of my trading activities for the week and it never ceases to amaze me as to the random volatility and opportunities that surface. The stocks in the Fab 5 certainly did not want to be left out of the action.

I came into the week with a full basket: $COO $MTB $NKE $PVH $TWC

The Cooper Companies drifted lower and looks a little vulnerable here hovering above the $93 level. It has a very short leash given there is no option collar attached at the moment. The position in M&T Bank was the only position not to survive the week as it hit a trail stop on November 7. It had a Collar on which then became a Bear Risk Reversal trade. Nike participated in the drift down as well but is holding above the rising Trend Line below. The November Collar is softening the pullback a lot.

PVH Corp was under some selling pressure as well but is holding the recent big gains rather well all things considered. The November Collar is doing its job, offsetting the loss on the stock position. Finally, Time Warner Cable went sideways this week. It too has a November Collar and like the other collared trades will need to be addressed this coming week as November Options expiration is upon us.

Here is the Summary:

Since I have one slot open, here are some potential candidates to consider:

  • $MCK
  • $NBL
  • $WHR (has held up rather well)


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