As the crazy week of earnings winds down, indices are weak and giving up the big gains from yesterday, with lots of mixed action across stocks. AMZN's lackluster report has hurt sentiment in Retail, and WMT is being dragged down with it. The stock is losing the week-long support range at 154, and it is losing the key 20day sma as well, so we need to close the Jun17 $165 - $170 call spread roll up. We booked gains as the stock rallied into the high-150s and it looked ready for mid-160s as recently as last week, but now that it is losing uptrend support, the thesis of the trade has changed.
* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".