Option Investor

Portfolio Activity - VIP/UNH

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Murphy's Law

Today's sharp rebound in Vimple Communications (NYSE:VIP) restored our high regard for Murphy's Law and hopefully a few readers are benefiting from the favorable activity that always occurs after we suggest a conservative exit trade. The issue gapped higher at the open and is currently up almost 4% from yesterday's closing price.

On another note, shares of UnitedHealth Group (NYSE:UNH) moved higher early in the session and that's good news for our bullish position in the issue. At the same time, the company announced it will publish first quarter 2005 financial results on Thursday, April 14, before the market opens. That date is one day before the April options expire, so we will need to review the technical condition of UNH and the overall market on 4/13, in order to make an educated (hold/close) decision concerning the earnings release.

MCM Staff

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