The Fab 5 update – 04/13/2013

A solid week for the U.S. markets and this is reflected in the Fab 5 as well. Only the $RNR positions continues to run in place while the other 4 have moved nicely away from the original entry. $AMGN has been in the basket for 3 weeks and has a $18 gain. This prompted me to initiate a Collar for April to protect these gains.

The $ACT position continues to be the front-runner for the next $100 Roll with $ONXX on its heels. Here is the Summary:

04132013The $KSU piece that remains is a short April 95 Put that I expect to expire worthless next week (or will buy back if/when it gets to $.10 area).

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