Last Post for Monday SOLAR Speculation and FSLR update

SPIR pulled back to its 52-week low. A component and solutions vendor and has a foundry developing solar cells as well.  Something to look into.  52-week high was $9.

FSLR is up about 10 bucks from last discussion.  Good time to sell some covered calls or possibly put a stop on your premiums if you picked up some calls.

Happy Trading...

Medical Equipment Doubler (FONR)

One of my stock screener variables is volume, I tend to look for stocks trading over 100K shares average.  Maybe I need to lower that to anything greater than one...

FONR was up well over 100% today but there has been no volume or news so I would not have been on my radar scope anyway...

They are the maker of the upright MRI http://www.fonar.com/

For Your Info from Google Finance:

Fonar Corporation (Fonar) operates in two business segments: medical equipment segment, and physician management and diagnostic services segment. Fonar is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease. The product Fonar is promoting is its Upright MRI. Health Management Corporation (HMCA) was established as a wholly owned subsidiary to enable the Company to expand into the business of providing management services to medical providers. HMCA provides management services, administrative services, office space, equipment, repair, maintenance service and clerical and other non-medical personnel to medical providers. Since July 28, 2005, following the sale of HMCA's physical therapy and rehabilitation business, HMCA has elected to provide its services solely to diagnostic imaging centers.
 
and some interesting trivia:
 
Fonar was a dispute between medical device manufacturer Fonar Corporation and General Electric over Fonar's patent on MRI technology. Fonar's founder, Raymond Damadian, was issued U.S. Patent 3,789,832 [1] for an "apparatus and method for detecting cancer in tissue" using the magnetic resonance of atoms. Damadian's patent was the first patent on an MRI machine issued in the United States [2]. Also at issue was a later patent, U.S. Patent 4,871,966 [3] issued in 1989, covering a method for obtaining MRI images in a single scan. GE is a major manufacturer of MRI scanners, and Fonar sued GE for infringing these patents by producing its scanners as well as inducing others to infringe.
 
Happy Trading...

Watching Natural Gas (XOM XTO UNL UNG GAZ)

With all the talk of natural gas this year it is the worst performing commodity despite some of the harshest winter we have had in a long time.  As most things energy (or Greece) Speculators have driven the price down, just the opposite of the oil price action we saw a couple of years ago from speculation.  Additionally the governement numbers showed an increase in supply adding to the over production and under use (more supply and less demand = lower prices) However, most analyst and refiners see a short term consolidation in price with a 2-3$ increase in the long term which is about 100% up from the $5 mark of today...

XOM jumped today, taking our Jan 11 75 options with it after the planned acquisition of XTO Energy for a small premium.  From DJN today:

XTO Energy Inc. (XTO), Exxon Mobil Corporation (XOM)
Premium offered: $0.41 or 0.87%
Acquirer: XOM
Target: XTO
Shares offered per share: 0.7098 share
Value of offer per share: $47.49
Value of outstanding common equity: $27,559,864,337
Acquirer share price: $66.91
Target share price: $47.08
Expected closing: 2Q 2010 5/16/2010
Annualized gain: 6.61%
Note: Exxon's deal with XTO contains language allowing Exxon to back out of the agreement if Congress passes a law requiring stronger federal oversignt of a controversial drilling technique, called hydraulic fracturing, or "fracking", illegal or "commercially impracticable." The companies
participated in a hearing in late January about the issue and the EPA has started a study on it. Critics of the method have say fracking creates pollution, but U.S. Energy Secretary Steven Chu has also said he wouldn't
favor a ban on it.
Some Nat Gas ETF's that are near/at their 52-week lows: UNL UNG GAZ. 

Happy Trading...

Solar Thoughts

A recent report from Credit Suisse showed their thoughts on the solar demand forecast for 2010.  They see them up over 12 gigawatts.  This appears to be very bullish escpecially since in the past Solar and Oil traded in correlation over the past couple of years, meaning as oil went up Solar went up.  This was how we made money when oil was jumping over 100 a barrel.

Despite the oil correlation their is a significant need for green energy and solar is a big part of that.  I have been waiting for divergene in price action and we may be seeing that now.
The danger of building large capacity of solar panels and components leads to inventory glut if businesses aren't buying leading to oversupply and lower demand equalling lower prices.  Especially if Europe isn't installing and tax-credits are lowered or removed...

If you look at the forecasts from some of the bigger solar firms during their earnings reports and guidance they are discussing high gigawatts as well.

Additonally, guidance of 4GW capacity in the 2nd quarter of 2010 alone has been made.  So how do you trade this?

Look at the solar stocks indiviudually, FSLR, YGE, SOLR, MEMC, SPWR etc... or look at two ETFs, TAN and PBW.

I have traded PBW successfully in the past and I like the fact it is below $10.  I also like the diversity among solar companies in TAN which provides a lower price risk across the industry.

PBW is more than just solar companies...

Happy Trading...

Simplifed Moving Average Chartology

Screening Health Care ETFs I came across this chart for XLV.  I thought I would share what Moving Averages (MA) can be used for as this one shows a great 50 support line.  Keep in mind this is a simple use of the MA.  The 200-day is used to show if the current price is holding well above its 200 day average price, which would show strength in the equity.  The 50-day is used to show how short-term price action is sustaining.  With this chart you can clearly see that each time XLV touched its 50-day it either bounced or shortly broke and quickly recovered back above.  This line shows a good support line and technically it is holding at the 50-day line.  So what does this mean to us?   Not that I am recommending XLV for anything except a simple example of technical chart analysis. As a trader you see the equity has pulled back to the 50-day, so it may be an opportunity to trade the bounce.  Setting a entry point limit order below the 50-day and a trailing stop could be an easy trade set-up.  Additionally, if you are an options trader you could use the chart to help determine entry point for buying calls, selling puts etc...  Also, if the premiums are good, this also can assist you in your covered call strategies as well.

Happy Trading...

Weekend Update

So far, APPL, MU, IPI and C trades have proven extremely profitable, i.e. C 4 Apr Calls were up 400% early yesterday this after our 300% return a few weeks ago.  AAPL 200 Calls were about 200% already.  IPI is still below 30 for the short trade and MU was almost at .50.  Most held up even with the pull back after the Korean sunken ship.  I mentioned BIDU 600 calls in person last week only to watch them explode to well over 600 on the news google was pulling out of China.  They have since pulled back below, some research may show this to be profitable again.

So what's next? I am taking it slow... Even if we only have 4 quarters this year like this last one we are doing well.  We are already above last years gains (Courtesy of a little greed in the financials--shorting them was probably not the best idea, although we added to our knowledge of market dynamics).

The next industries I am looking into are Cloud computing, read Rackspace (RAX) as the world leader in this area.  I actually have been to their facility and now they have exploded into much larger spaces to fill demand.  They did have a significant pullback this week and I hope my research will show this as a buying opportunity.  The second, since many name brand drugs are coming off patents soon the smaller (read value) companies should be poised to do well.  I have a friend in the Pharmaceutical sales business who explained the cycle of drug sales and we are at about that 10-year point for the smaller names to do well.  Will continue to look into this for trading opportunities.  As well as manufacturers of medical equipment, VAR just announced a product that will compete with ARAY's and ARAY pulled back to support of $6.  Would like to think this is a buying op for ARAY but their CyberKnife is extremely expensive, if someone were to provide the same capability cheaper they will lose footing...  SQNM should be revealing their next gen product as well, discussed previously.

Citi (C) is still an interesting trade as its support keeps climbing and the Jan 11 LEAPS have exploded in open interest.

Agriculture is another industry to watch if the recovery is taking hold and a quick glance at the Solar industry is showing some stability in support prices as well with many already showing 100% returns.  FSLR pulled back to around 110 and then popped to over 114.  Good for covered calls.

I have been on the road a lot this month so I have missed out on getting in on some of my own recommendations courtesy of just barely off on the entry points.  APPL at 25 instead of 27 as an example...

I also doubled up on my Exxon  (XOM) Jan 11 75$ calls.

Any ideas for the group are welcome!  leave a comment for all to discuss.

Happy Trading...

Good Volatility in Sequenom (SQNM) for some covered calls...

Recenlty SQNM reported an 11% drop in Q4 revenue based on weak sales in its MassArray equipment and associated products.

SQNM is preparing to launch the next generation MassArray and the medical community is probably waiting on this upgrade to purchase which would have been a prime driver for the decline.

A recent upgrade sent SQNM higher and has pulled back off of the high.

SQNM had plummeted after issues in the past on its Down-Syndrome test however they continue to focus its resources on a DNA versions of its molecular diagnostics test for Down's syndrome.

6 and 7 Calls in the near to outer months are showing decent premiums.  Currently May 6 at 1.20 with an underlying price of 6.63 and May 7 at .69.

Happy Trading...

Analyst Missing the truth on Redhat (RHT)?

Analyst's appear to be missing the numbers reported in RHT's conference call.  The negative that they are focusing on ~ 20M was based on currency conversion issues, primarily in Euro's.  Guidance was on or above expectations.  However the pullback in the after hours yesterday looks like it may provide a buying opportunity.  At least the company thinks so as they just announce a $300M stock repurchase.

This is a prime example of the sensitivity to earning's report in this environment.  PALM shot up immediately on earnings report because at first glance the numbers looked good, then reality set in...

Happy Trading...

Sharebuilder Performance

I mention my Sharebuilder account to many people.  Sharebuilder is a way to automagically sock away some money for a rainy day.  I tend to seperate my trading account with TD Ameritrade from my long-term mutual funds (Yes, I said mutuals, I didn't always know about investing) and then my sharebuilder is where I quietly load up on equities for a rainy day.  My current performance in my account is below...  Most people that know me know that Teekay Tankers is one of my favorites basically because it has done well and still pays a dividend.  I also thought OCNF below was going to be a favorite shipping company as well.  It may still pan out in the long run as they just signed up to build 3-ships and have contracts to keep them full when in production.  Truth in lending, these are the only equities that I hold long-term and I am currently only adding to TNK.  Keep in mind OCNF is only around .80 right now.  If it were to recover this would be one of those 90+% dividend paying stocks...

C CITIGROUP INC 24.98 %


CSCO CISCO SYSTEMS INC 20.31 %

OCNF OCEANFREIGHT INC -57.48 %

TNK TEEKAY TANKERS LTD 40.62 %

Citi (C) Options Update

Talk about bullish expectations, scroll down and look at the ATM - OTM calls several months out and especially in th LEAPS for 11 and 12.  $5 dollar calls have a lot of support behind them.  4 Apr Calls are 150% Higher today if you got them at the .10 point.  I still think the 4 and 5 calls either individually or as a vertical/calendar spread for May/Jun is a good trade.  Slowly climbing on decent volume over the last couple of weeks.  Good analysts upgrades.  If you are in the April calls suggest looking at taking some profits off the table before the 19th in case we get caught in an earnings trend. 

VRN_012211C5 VRN Jan 22 2011 5.0 Call 304 0.37 0.36 0.37 1,962,798 0.395 0.241
VRN_012211C7.5 VRN Jan 22 2011 7.5 Call 304 0.09 0.09 0.1 948,466 0.127 0.117

Happy Trading...


Symbol Description Days To Expiration Last Bid Ask Open Interest Delta Gamma


C_052210C3 C May 22 2010 3.0 Call 59 1.18 1.16 1.19 2,565 0.952 0.115
C_052210P3 C May 22 2010 3.0 Put 59 0.02 0.02 0.03 1,691 -0.058 0.125
C_052210C4 C May 22 2010 4.0 Call 59 0.35 0.34 0.35 15,059 0.627 0.573
C_052210P4 C May 22 2010 4.0 Put 59 0.2 0.19 0.2 39,482 -0.375 0.556
C_052210C5 C May 22 2010 5.0 Call 59 0.07 0.06 0.07 23,749 0.175 0.345
C_052210P5 C May 22 2010 5.0 Put 59 0.91 0.9 0.92 606 -0.818 0.345
C_052210C6 C May 22 2010 6.0 Call 59 0.02 0.01 0.02 216 0.046 0.113
C_052210P6 C May 22 2010 6.0 Put 59 1.85 1.85 1.88 0 -0.93 0.14
C_052210C7 C May 22 2010 7.0 Call 59 0 0 0.02 0 0.027 0.059
C_052210P7 C May 22 2010 7.0 Put 59 2.83 2.85 2.87 0 -0.948 0.087
C_061910C2 C Jun 19 2010 2.0 Call 87 2.18 2.14 2.16 40,417 1 0.002
C_061910P2 C Jun 19 2010 2.0 Put 87 0.01 0 0.01 53,131 -0.01 0.018
C_061910C3 C Jun 19 2010 3.0 Call 87 1.18 1.17 1.18 190,809 0.956 0.109
C_061910P3 C Jun 19 2010 3.0 Put 87 0.03 0.02 0.03 518,068 -0.058 0.124
C_061910C4 C Jun 19 2010 4.0 Call 87 0.39 0.39 0.4 945,952 0.62 0.484
C_061910P4 C Jun 19 2010 4.0 Put 87 0.24 0.24 0.25 430,336 -0.382 0.466
C_061910C5 C Jun 19 2010 5.0 Call 87 0.11 0.1 0.11 659,428 0.226 0.339
C_061910P5 C Jun 19 2010 5.0 Put 87 0.93 0.95 0.96 82,793 -0.759 0.334
C_061910C6 C Jun 19 2010 6.0 Call 87 0.03 0.03 0.04 95,216 0.083 0.152
C_061910P6 C Jun 19 2010 6.0 Put 87 1.86 1.87 1.89 4,705 -0.898 0.165
C_061910C7 C Jun 19 2010 7.0 Call 87 0.01 0.01 0.02 28,102 0.037 0.072
C_061910P7 C Jun 19 2010 7.0 Put 87 2.98 2.85 2.88 458 -0.931 0.101
C_091810C2 C Sep 18 2010 2.0 Call 178 2.2 2.16 2.18 10,583 0.987 0.023
C_091810P2 C Sep 18 2010 2.0 Put 178 0.03 0.01 0.02 14,752 -0.021 0.03
C_091810C3 C Sep 18 2010 3.0 Call 178 1.25 1.25 1.26 62,911 0.884 0.147
C_091810P3 C Sep 18 2010 3.0 Put 178 0.1 0.09 0.1 240,351 -0.121 0.148
C_091810C4 C Sep 18 2010 4.0 Call 178 0.56 0.55 0.56 170,156 0.615 0.321
C_091810P4 C Sep 18 2010 4.0 Put 178 0.41 0.4 0.41 75,115 -0.385 0.305
C_091810C5 C Sep 18 2010 5.0 Call 178 0.22 0.21 0.22 174,481 0.318 0.295
C_091810P5 C Sep 18 2010 5.0 Put 178 1.03 1.05 1.07 80,181 -0.667 0.284
C_091810C6 C Sep 18 2010 6.0 Call 178 0.1 0.09 0.1 55,905 0.159 0.186
C_091810P6 C Sep 18 2010 6.0 Put 178 1.9 1.92 1.94 6,186 -0.821 0.189
C_091810C7 C Sep 18 2010 7.0 Call 178 0.04 0.04 0.05 27,370 0.082 0.11
C_091810P7 C Sep 18 2010 7.0 Put 178 2.86 2.88 2.9 1,860 -0.878 0.128
VRN_012211C1 VRN Jan 22 2011 1.0 Call 304 3.18 3.15 3.2 25,340 0.989 0.009
VRN_012211P1 VRN Jan 22 2011 1.0 Put 304 0.02 0.01 0.02 66,786 -0.011 0.009
VRN_012211C2.5 VRN Jan 22 2011 2.5 Call 304 1.76 1.75 1.77 408,509 0.917 0.083
VRN_012211P2.5 VRN Jan 22 2011 2.5 Put 304 0.11 0.1 0.11 754,005 -0.092 0.084
VRN_012211C4 VRN Jan 22 2011 4.0 Call 304 0.72 0.71 0.72 532,991 0.623 0.239
VRN_012211P4 VRN Jan 22 2011 4.0 Put 304 0.53 0.54 0.55 309,250 -0.376 0.231
VRN_012211C5 VRN Jan 22 2011 5.0 Call 304 0.37 0.36 0.37 1,962,798 0.395 0.241
VRN_012211P5 VRN Jan 22 2011 5.0 Put 304 1.18 1.18 1.2 471,632 -0.594 0.233
VRN_012211C7.5 VRN Jan 22 2011 7.5 Call 304 0.09 0.09 0.1 948,466 0.127 0.117
VRN_012211P7.5 VRN Jan 22 2011 7.5 Put 304 3.36 3.4 3.45 113,041 -0.828 0.126
VRN_012211C10 VRN Jan 22 2011 10.0 Call 304 0.04 0.03 0.04 566,775 0.051 0.054
VRN_012211P10 VRN Jan 22 2011 10.0 Put 304 5.85 5.85 5.9 28,300 -0.872 0.084
WRV_012112C1 WRV Jan 21 2012 1.0 Call 668 3.25 3.2 3.25 26,960 0.975 0.014
WRV_012112P1 WRV Jan 21 2012 1.0 Put 668 0.05 0.04 0.05 38,808 -0.022 0.013
WRV_012112C2.5 WRV Jan 21 2012 2.5 Call 668 2 1.99 2 196,442 0.864 0.074
WRV_012112P2.5 WRV Jan 21 2012 2.5 Put 668 0.27 0.27 0.28 382,388 -0.134 0.075
WRV_012112C4 WRV Jan 21 2012 4.0 Call 668 1.11 1.1 1.11 165,127 0.658 0.143
WRV_012112P4 WRV Jan 21 2012 4.0 Put 668 0.87 0.86 0.88 38,760 -0.342 0.142
WRV_012112C5 WRV Jan 21 2012 5.0 Call 668 0.75 0.74 0.75 818,540 0.513 0.158
WRV_012112P5 WRV Jan 21 2012 5.0 Put 668 1.5 1.5 1.51 128,348 -0.482 0.155
WRV_012112C7.5 WRV Jan 21 2012 7.5 Call 668 0.33 0.33 0.34 469,983 0.277 0.128
WRV_012112P7.5 WRV Jan 21 2012 7.5 Put 668 3.55 3.55 3.6 41,484 -0.697 0.126

So what's going on???

So the market was looking to get rid of the uncertainty on the health-care bill.  To the good side.  Micron calls are still performing well.  IPI is still down.

PALM is holding steady on the "we're selling" to China and 2-phones will be added to AT&T.  PALM is still low on cash, need to look at the forecast for both of these events, but still short over the next few months.  It is trading on lower volume each day...

COYN has been maintaining a new base on some volume lately.

Shorting the DOW, if you are to take this trade I would be conservative on the PUT premium and put an order in lower than normal to catch more upside potential in the market and look out to Jun or Sept.

The FDA Advisory Committe said the data was not sufficient for Pixantrone from CTIC, shares plummeted the last couple of days with a 36% increase today.  April 23 will be the FDA ruling...

OCNF announced the builiding of 3-new ships and contracts to keep them filled...  Up 11% in the after hours.  Why I like them, cheap for now and when shipping recovers will be an unbelievable dividend.

Looking at April 6 DRYS calls....

Happy Trading...

Giving Back

I added the Kiva.org Banner at the top of the page.  I recomend checking it out.  I have made six micro-loans with 100% payback.  NO, no interest this is what we are supposed to do with our money...  Especially when we are making the returns we make! 100% of your money goes to the entrepreneurs.

http://www.kiva.org/lender/mark8153

Also check out Worldvision, Compassion International, Food for the Hungry, St Judes Childrens Hospital, Orphan Helpers, Special Olympics, Wounded Warriors or any organization you like!

Happy Trading...

Some Short Trade Ideas for Monday

The obvious, PALM.  Short it to below $2.  Buy 2.50 May Puts. Sell April /May$4 or $5 calls.
Depending on the healthcare scare or if the market sets up for a pullback, buy DIA April 106 Puts.
The fertilizers are having a pullback but this could be short lived.

Happy Trading...

Friday Update

Quadruple Witching Friday turned out to be a non-event even with the short interest in the market...  VIX is still complacently low and volume is drying up.

I thought today would have been weaker than it was but volume was very low across the board.  Probably awaiting Sundays vote on the Health Care Bill.

In following the rules and protecting the down-side I closed out a large international fund today since we had an 8-day run-up and the fear of the bill passing over the weekend bringing a strong pull back on Monday and next week.

On some positive notes, MU calls did well if you got in and out quick.  Shorting IPI was very successful, either outright or trading PUT options.  Here is the IPI Bar Point Table for the last week...

Date            Time      Open  High  Low  Close   Volume


3/15/2010 09:30:00 31.38 31.64 30.53 31.45 2,114,705
3/16/2010 09:30:00 31.87 32.64 31.59 32.32 1,616,200
3/17/2010 09:30:00 33.02 33.03 31.29 31.52 1,215,280
3/18/2010 09:30:00 31.42 31.7299 30.27 30.72 1,445,070
3/19/2010 09:30:00 30.80 30.8599 29.78 30.04 1,157,171
 
I am trying to pick up Citi (C) 4 Apr calls at .10 and trade the earnings.
 
Shorting PALM is probably still a good move as they continue to plunge to new 52-week lows--currently below $4.  I will look to pick it up sub $2.
 
ITMN is over $40 on strong volume.
 
TNK is still rising even after the dividend payout earlier this week. 
 
For those who remember me talking about BIDU early this year at $100.  It is $569 right now...  AFL is over $50.  UYG is almost $6.58.  URE is over 8 and FAZ is below $15...
 
DIAmonds are holding strong at 107, buying near or at the money puts for April may be a good trade, possibly too late if the Health Bill passes but if not we are still do for a fundamental/technical correction with strong volume.
 
Happy Trading...

Micron (MU) 10 April Calls did well today

The MU call was another good one yesterday.  Up 34% today...

Happy Trading...

Speculation in the PALM of your hand

PALM has been beat up bad after announcing earnings would be far below analyst expecations.  Beat so bad that it hit a 52-week low today.  They report Thursday after the bell.  Analyist will be looking for insight into how the PRE and PIX are selling. PALM is corrently shorted over 48% which could make Friday very interesting if they report anything of substance Thursday evening driving shorts to cover if they were selling March Calls.

Palm was killed last year and made a wild run to over $18 on unveiling their new phones.  Something to keep an eye on Friday!

Happy Trading...

Following the rules

Nassim Taleb (trader extraordinaire) has 10 rules. Rule number eight reads: “No matter how confident, always protect the downside.”

On that note I closed out my C 5 JUN Calls at .10, it took all day but they took late in the day.

I will continue to monitor this week after the FED statement, etc and may look at ITM calls again soon.

While I like the recent can't keep the DOW down market, many indicators are pointing to caution.  The VIX is at an all time low below 18, this isn't just conent but complacent.  The indices are all indicating overbought and volume has still been low. 

I'm staying out of anything speculative for now and will keep looking for that next trade opportunity.  One is Micron (MU) 10 April Calls, could be a technical push to 11+.

Happy Trading...

C Update

Closed C options Tuesday for 200%.  I know the plan was to keep until earnings but it's 200%. 

For those of you who got into C options Monday we did well.  We then bought the 5 Jun Calls to take advantage of some time and volatility premium left on the option.  We are currently down .04 and I should have known to try and get in lower in the day but it-is-what-it-is.

The markets have been experiencing some short coverign lately driving the market a little higher.  Friday is options expiration Friday and it is possible that some short-covering may drive C higher.

I would recommend closing these out if you aren't playing on profits from Mondays trade at the purchase price, possiblly .01-.02 higher to cover commission.  If you are trading on profits the push up towards earnings could drive some volatility our way and allow another double at .30.  Achieving implicit value is a stretch at this point in time.

Happy Trading...

Airlines, driving and trading ideas

 My partner and I were out of town on business this week. Upon arriving at the airport Friday we found out our flight was cancelled.  Nothing new here, lots of weather in Atlanta.  However, we were told that there were no flights out until Wednesday morning, 5 Days after our cancelled flight.  How is this even possible, how could someone just hang out, pay for a hotel and do nothing for 5-days with no recourse from the airline (AirTran in this case).  To add to this, Spring Break was just starting and there were no flights out from any of the surrounding cities within 300 miles.

We decided to rent a car and drive, 1600 miles.  Now I don't know what was crazier the decision to drive or the fact that it didn't really bother us that we were about to drive 1600 miles because airlines can schedule flights appropriately and the entire airline sector has been climbing.

Long story short, and there are many twists and turns to our story is 30-hours later we arrived home, oh yeah we had a passenger that was trying to get back to the East Coast as well.  Would you just ask two guys if you can drive across the country with them?

So now for the trading idea...  Potash (POT) jumped on higher guidance Friday, guided earnings higher for the first quarter. Potash Corp. stated earnings would be in the range of $1.30-$1.50, well above the initial guidance of $0.70-$1.00 per share. The stock soared almost 7% on the day.


This brought Intrepid Potash (IPI) along with it.  Acutally IPI jumped 3% higher than POT.  With no extra news or guidance from IPI I am looking at ATM puts for April.  IPI 31.53 IPI 32 PUTS 2.03 down 1.98 Friday open.  Suggest looking when IPI announces next see if this is a good trade set-up for you.

Happy Trading...

ITMN!!!!!!!!!! Citigroup (C)

Held and sold this evening after the announcements for 153% profit!

Picked up 100 contracts of Jun 4 Calls this morning, already up 80%, holding till just before earnings!

Happy Trading...

ITMN Scores! APPL Jumps on IPAD news...

Hope you got in, either buying calls or the equity outright!!!

Now what to do, sell at 60% profit, or wait until Tuesdays Meeting and see what the outcome is.

I am currently holding a $1 trailing stop to lock in most of today's gain...

On another note have you seen APPL.  The Jan 11 20  Calls are making us some serious money.

Happy trading....

AAPL 2011 200 Call Update + Others

Apple is breaking 209 today and the 2011 200 Calls are now hitting the 31 mark.  This was a great swing trade or for those of you with much more patience and less ADD then myself hang and buy me dinner next New Years.... in Italy!

Sold out of CROX for a quick return, I like it when I actually stick to my rules and actually make a few bucks.

ITMN broke 16 today, pull back may not be coming, welcome to the world of volatility!  15 Calls approaching 5.  Open interest on far out of the money is growing!

Happy Trading