NetAp hitting 52 week low

hardware sector downgraded today.  NetAp given outperform rating...

Happy Trading...

Did RAX just give us a great covered call setup

picking up the equity at 32 and some change or below.  Selling the Jan 11 32 calls at 5 or better.  Holding if your risk level is higher and selling 32s when RAX is back above 35-36...

Happy Trading...

Apple @ 500

500 calls...

Quick Update

RAX is holding its gains made yesterday after being upgraded...

Acuray (ARAY) is down below 5.  Pick this one up for a double in recovery...

TNK is finding support above 6 making a 17% dividend return...

Trade FAZ if your feeling strong...

VMW 100 LEAPS

GOOG 100 LEAPS

Happy Trading...

RAX 38 Dec Calls and More Value Options!

Buy Buy Buy... Even spread over Dec and Jan...  Beating Expectations, great business model... It's all about the cloud.

37 Calls are actually up in this turmoil...

APPL 500s are below 3!  However, I would take advantage of this mess and buy additional time into 12.

TNK is obviously down but now looking at a 17% return dividend.

SIRI is in the 1.70's  2$ LEAPS!

GOOG at 565...

APPL at 365...

VMW, etc. etc...

I would start some layering if the DOW hold 11000 today.

Happy Trading...

So what do we do now?

let's see what happens tomorrow... futures off over 200 points right now.  There will be a lot of fear this week.  I'm still looking at RAX 37 38 39's for dec...  Will wait for the dust to settle first.  PUTS on the indexes was a good call.  short term treasuires may raise rates bur the ten year is what normal mortgages are tied to.  We'll have to sort through this over the coming weeks.

Happy trading...

What we are watching...

First looking for some sign of a bottom.  All three indexes break through the neckline and over 7B in volume on the DOW today with signs of selling to continue.

Possbily looking at 10500.

RAX--looking at 40 Calls
ARA-- buy outright at these prices
TNK--dividend at 16% now, still some issues across the oil shipping industry
CAT--100 Calls
GOOG--600 Calls
VMW--100 Calls
SIRI--2 LEAPS
DIA--100s
AAPL--450 and 500s 500s break below 4...
FTR--Great dividend and upgrade--buy outright at these prices

Shorting the indexes DIA 100 PUTS

Lot's going on.  This activity looks just like 2008!

Happy Trading...

APPL 500s back over 5

Apple was upgraded today to over 515.  Shares on the rise since the open.  setting a buy order for any breach below 4...

market indicators indicating start of double dip.  i am kind of OK with this as we learned tons in the last dip...

happy trading...