Busy on the West Coast

So Bernanke spoke, stated the economy is slowing and employment will slow as well.  Of course the markets did not like this only to drop and recover mostly during the day.  Greek austerity deal and futures are back up negating today's losses.

Earnings were strong in the after hours as well causing more "what is the market doing" action.

SIRI has held well staying above 2 at the close during all this, good for September options.  I am going to start lon the 2 or 2.50 Jan 12 and 13's.  We may get a better deal after earnings but this is a good time to start layering into them.

TNK is staying above 9 ago, as expected.  Good times for dividends...

C, well not sure in the near term but highly confident in the Jan 13 4 calls we are holding and adding to.

APPL's pullback may present buying opportunity, we royally traded this wrong last year by not following any of our rules, but were able to escape any real damaging by cutting losses and rolling forward in the troubles last August...  It may be a good time to look at picking up 350 several months out.

RIMM is quickly approaching 30 bucks again!  Did you pick up the 30 Call LEAPS???

Happy Trading...

Let's start looking RIMM Options

Need to start looking into 30 Calls several months out or possibly the LEAPS.  In a MACRO view there is a recurring trend, unfortunately each time RIMM has this type of pull-back it is lower than the last.  I don't see RIMM going bankrupt anytime soon and the Bold is having some issues that should be resolved soon.

Just some ideas...

Happy Trading...

Lot's going on

TNK has been holding steady and back above 9.  This has been a great buying opportunity to lock in 12% dividends...

RIMM plummeted on poor outlook and planned layoffs, however my new work phone is a blackberry and the torch is doing well.

C was recommend to keep picking up at these prices as we will get through the summer and find clarity and is the least exposed to consumer issues and most exposed to emergin markets...

SIRI is holding above 1.90, so keep on the Sep 2 Calls you should be in around .11

Happy trading...

Buy SIRI Sept 2.0 CALLS at .23

Teekay broke down (TNK)

Of course after we discuss the good support around 9 TNK has had in this downturn it pummels.  Today OPEC announced it was not going to increase oil production.  Since TNK is a logistical support of oil by shipping it across the globe this news meant there wasn't to be additional oil production so less to ship.   No rocket science here but not much substance either as this decision doesn't change current and planned charters.  So I think it is another good buying opportunity and increase your dividend percentage...

Happy Trading...

Buy SIRI Sept 2.50 @ .11

SIRI reports In August, catch the run-up.  Charts are recovering from a double top. Time to stock up!

Happy Trading...

Buy SIRI Sept 2.50 @ .11

SIRI reports In August, catch the run-up.  Charts are recovering from a double top. Time to stock up!

Happy Trading...

SODA and TNK

SODA is up over 6% today, I am betting it is in part due to short covering after the earnings news.  Still not sure I'm ready to buy PUTS on it...

TNK has been maintaing a great base around 9 even after 5-days of sell-off in the market.  This still provides us a 13% return.  Morgan Stanley lowered its target price to 10.50, an almost 12% increase from todays price.  Other analyst are still maintaining an 11-12.50 target.  Either way still the time to get in.

Happy Trading...

SODA update and info from The Motley Fool

Head on over to: http://www.fool.com/investing/high-growth/2011/06/03/how-sodastream-goes-to-160.aspx

Good analysis on SODA.  I'm still skeptical like the 18% of Shorters but this is a compelling argument.  If I get time I'll look into some Options Strategies to limit potential risk!

Happy Trading...

Orbitz up 51%

I think I need a twitter account...

OWW up 51% after hours based on court ruling for AA...  I may short this!

Happy trading...