Taking a breather
Last week’s choppy action in the major indices probably didn’t significantly affect the positive status of the weekly trend analysis charts. I’ll resume updating these next week when I return from vacation.
New position
I sold a few March 17.5 puts on Lear Corp. (LEA) as it broke below the 20 price level on continuing bad news out of the auto sector. I’m currently long some LEA stock, and if I end up being put these additional shares I’ll have what I consider a “full” position at an averaged-down price of 20-21 per share.
