With the Dow down close to 500 points today, it would be an understatement to say that the portfolios are doing well. Since we have been struggling with stops, a word to the wise: This would be a good time to pay strict attention to stops where we have large gains. Taking at least half off if a stop is hit is highly recommended. Let's hope those occasions are far away. Remember that as options rise in value, so do the trailing stops.
BABA: Will reverse SHORT on a close below 183.74. With BABA currently trading at 184.00 that is less than $1 away. If the Sell is triggered, we be buying the April $180 puts, trading now at about $8.50. (Apr $175 also attractive.)