The Fab 5 Update – 07/20/2013

This week was July Options expiration and as expected there was some volatility in the basket of stocks. I had a lot of work to do in managing the $TSLA Fab 5 position as it had two days of very wide price swings. I was able to work the July Collar for some good additional gains and ultimately added an August Collar back once the stock rebounded. I wrote a Blog post here regarding the adjustment I made on $TSLA.

I had one position coming into Friday that had July Options and I decided to let the Collar run its course. The $BA position was called away today due to the Short Call piece being ITM (in the money) so I have one empty slot to fill.

Here is the Summary:

07202013

All 5 positions closed the week above the $100 level. Here are some candidates: