Debt Deal Passed, Almost

Futures skyrocketing, but Congress still needs to pass... 

Should have picked up my APPL options Friday for a quick bounce tomorrow...  Tomorrow will be an interesting trading day with the relief trend pushing things up in the morning...  Lot's of economic news coming out that may dampen the rally, although we are off over 500-points again so wouldn't count on a huge pullback after this rally.

Need to do some technical work and look at the S&P for resistance and support and possibly trade the indexes only over the next few weeks.

Happy Trading...

Skulls and Zillows

Skull is now below it's priced opening of 20.  Not too far about .10 below.  Zillow opened up popped to 60 and whoever shorted on the way up is very happy right now.  Zillow did close up over 70% though.  Is this more of a tech bubble than real substance?

I'm waiting and watching for Dunkin Donuts!  Target price is 18-19/Share...

Happy Trading...

All good calls

AAPL, VMW, GOOG, ISRG all surpassing our original marks.

Apple is approaching 400, VM Ware shot through 100 and Google over 600 and ISRG over 375.

This has been a great earning season.  Apple weathered the storm well and market rebound let the consumer feel comfortable buying Apple products.  VM Ware is taking the virtualization need by storm and google still works.

Let's find the next.  These were extreme option plays...

Happy Trading...

SIRI and GOOG

Today was the day...

SIRI Sep 2.00 Call closed @ .41 the high for the day.

Some Perspective...

Today's GOOG 550 Call Returns For

July 785% and 532% for the weekly options
Aug 335%
Sept 233%
Dec 135%
Jan  117%

So know you know why we like earnings season...

Happy Trading...

Dunkin Donuts IPO

Get in, probably around 20$ bucks for us retail mortal traders.  Buy this one and hang on to it.  When it becomes optionable we are going to sell calls against it!

Coffee, donuts and ice-cream, yes they own Baskin Robbins.  Coffee is running faster than the bulls and not sowing down!

9000 stores and counting.  Love their new look, I've been eating donut holes for over 30-years...

Should start trading in the next week or two!

Happy Trading

Goog Approaching 600

Set your limits relatively high on the 550s tonight!

Happy Trading...

SIRI is moving on volatility

I sold my $2 Sept Calls today.  Sorry wanted to buy a new Android tablet and couldn't wait even though with them holding at .34 after touching .39 a penny away from my standing sell-to-close price .  So volatility is locked in now on anticipation they will most likely make a good move forward through July...

As I haven't said in a while, you don't go broke taking a profit.  I saw this mornings run-up and got out at .37...

After the earnings report run and assured pullback let's go into the 2 or 2.50 LEAPS!

Happy Trading...

SIRI is working

So, Sirus Sept 2 has touched .36 the last two days.  Not a bad time to take some profits.

C is starting to work as well.

SODA and GMCR are skyrocketing and TNK is holding above 9.

SOLR has doubled over the year.

Still not seeing anything fundamentally different to cause the 500 point rise over the past few days.  Some good news here and there but nothing has changed tremendously.

Will be interesting to see what happens early August with the debt ceiling.  SIRI should be reporting around the 2nd so seriously consider taking some profits off the table.  If it holds above 2.20 the run-up into earnings will prove to pay out...

Happy Trading...