Friday Update Hello Smart Option Sellers! After last week's furious "v-shaped" rally, the market took a breather this week and consolidated in a much narrower range. Looking back at the charts, this was one of smallest weekly moves we've had in months. This might be the norm moving forward as we had into the summer doldrums. Nothing worthy has popped up for me as far as new trades. I've been keeping an eye on Advanced Micro Devices (AMD) as a potential candidate, as most of the semiconductor stocks have been getting beat up a bit of late. This is all due to the China tariff situation. It could be looked at in two ways - opportunity during this pull-back, or caution, as more selling may occur. Ever the optimist, I'm leaning towards opportunity. Let's see what next week may bring. I'm also looking at Kroger (KR), but since they have earnings coming out next week, I will hold off on any recommendation until after that. Keep these two stocks on your own radar for potential trades if you care to do any further research. Other that, we sit on the sidelines with some cash safe and intact, and wait for the next move. No recent questions have come in either for our usual Friday Q&A, so today's alert is a bit short. Continue to hold all other open positions as-is. Contact us here with fills, comments, questions or concerns. Have a great weekend! Regards,
Lee Let's Grab That Cash!