Option Investor
Newsletter

Daily Newsletter, Thursday, 12/2/2010

Table of Contents

  1. Market Wrap
  2. New Option Plays
  3. In Play Updates and Reviews

Market Wrap

Economic Data Lifts Stocks

by Todd Shriber

Click here to email Todd Shriber
The combination of robust retail sales and surprisingly strong existing home sales data helped U.S. stocks extended Wednesday's rally as the Dow Jones Industrial Average notched its biggest two-day jump since July. The Dow booked another triple-digit pop, but was the only of the three major U.S. indexes to gain less than 1% on the day. The Nasdaq gained almost 1.2% and the S&P 500 added nearly 1.3%, respectively, while the Russell 2000 continued to flex its muscle, rising almost 1.1%.

Market Stats

The and home and retail sales data were able to overshadow to the weekly jobless claims data that came in at 436,000, well above the expected 422,000. Jobless claims jumped by 26,000 from last week and were also revised upward by 3000, so the weekly jump was basically 29,000. On the bright side, initial claims have been trending down since mid-August and the four-week moving average fell by 5750 to 431,000.

Relative to a year ago, the four-week moving average is down by 61,000 or 12.4%, according to Zack's Investment Research. Regular continuing claims for unemployment insurance also did little much excitement, rising 53,000 to 4.27 million.

Jobless Claims

Alright, so the jobless claims data was nothing to write home about and we will get a clearer picture regarding any progress on higher employment on Friday when the Labor Department delivers the November jobs update, but on Thursday investors were heartened by some impressive retail sales data. I mentioned on Monday that the U.S. consumer, roughly two-thirds of our country's GDP, was showing some strength and the data points were there to support that assertion.

Well, another one of those data points arrived on Thursday when it was reported that November retail sales surged 6%, signaling the best start to the holiday shopping season in three years. Analysts were expecting the number to come in at an increase of just 3.6%. Maybe it was holiday sales starting earlier than in years past, higher demand or just old fashioned improving consumer sentiment, but it is hard to argue with the positive nature of the November number.

Not to be Debbie Downer (trust me, I'm rooting for the economy to fully recover just as much as the next person, but it is worth remembering that strong retail sales in November do not always translate to good news in December and one does not have to go too far back to see this scenario at work. In 2008, November's retail sales were strong only for retailers to endure one of the worst holiday shopping seasons on record.

Retail Sales

As I mentioned earlier, some positive news from the real estate arena played a part in Thursday's bullish action. The National Association of Realtors releases its pending home sales data for October and the number was another pleasant upside surprise. The seasonally adjusted national index got a bump of 10.4% from September. That is the good news. The October number fell a startling 20.5% from October 2009.

Still NAR Chief Economist Lawrence Yun said the double-digit increase is a sign that the the housing market is recovering. “The housing market clearly is in a recovery phase and will be uneven at times, but the improving job market and consequential boost to household formation will help the recovery process going into 2011,” Yun said.

Pending Home Sales

If one is inclined to call or most of the aforementioned economic data ''positive,'' then that might be at least one catalyst behind oil's surge. NYMEX-traded crude for January delivery, closed at $88 per barrel, its best closing price since October 2008. Remember that $88 in October 2008 was on the way down. Heating oil and gasoline futures also found their way to two-year highs.

Brent crude trade, Europe's benchmark contract, settled above $90 after European Central Bank President Jean-Claude Trichet took a page from the Bernanke book of bank salvation and said the ECB will give European banks as much cash as they need through the first quarter.

As far as things go with the Brent contract, January is trading at a 3-cent premium to the February future, according to Bloomberg News. That is called backwardation and could indicate oil is more in demand now than it will be in the near future. Then again, oil is probably moving more on macro issues than legitimate supply and demand these days.

Oil Chart

Speaking of oil, today was a great day to be involved with Russian equities. Consider this the ''To Russia With Love'' section of today's wrap and allow me to say this was a bang-up day for Russia period. The least economically diverse (not debatable) and perhaps most corrupt (arguable) member of BRIC, some experts have gone so far as to wonder why Russia is even lumped in with high-fliers like Brazil, China and India. Some have said remove Russia, add Indonesia and make it ''BIIC.''

To that, Russia has said ''Nyet.'' Here is a perfect storm for investors that are bullish on Russia: Oil prices surge. Palladium does, too. Russia is the biggest palladium producer in the world. FIFA decides Russia will be hosting the 2018 World Cup. All that happened today.

And with all that Russian love, it might be easy to gloss over some mergers and acquisitions activity involving one of the few Russian companies listed on major U.S. exchange. Wimm-Bill-Dann (WBD), one of Russia's largest food and beverage firms, is selling a two-thirds stake in itself to PepsiCo (PEP) and the world's second-largest soft drink company wants to acquire all of the Russian firm for $5.4 billion.

That is a 32% premium to Wimm-Bill-Dann's pre-bid market value, according to the New York Times. Doing business in Russia is tricky to say the least, but Pepsi has maintained a presence there for four decades and while the acquisition looks expensive in the near-term consider this: Maybe more than any other emerging market, Russia's changing food and beverage tastes are decidedly western, meaning Pepsi may not have to spend millions of dollars developing scores of new products to suit Russian tastes.

Wimm-Bill-Dann Chart

Another group of big winners on the day were financials services stocks, which caught a bid thanks to some bullish comments by Goldman Sachs (GS). Goldman is constructive on the group for the first time since 2008 and investor reaction to the news was palpable on Thursday. In a note to clients, Goldman analysts said stronger economic growth, rising stock prices and a favorable interest rate environment would help financials outperform the broader market in 2011 and 2012.

Name a somewhat well-known financial, bank, brokerage, insurance provider, even a REIT and it was probably up today on the back of the Goldman comments. Even some beat-up regional bank stocks found favor among investors. Marshall & Isley (MI) and Regions Financial (RF), two banks whose best prospects may be to find a buyer, surged 12% and 7%, respectively. These two stocks trade for less than $10, but hey, a good day is a good day.

Goldman kept its conviction ratings on private equity firm Blackstone Group (BX), REIT Simon Property (SPG) and banks Citigroup (C) and JPMorgan Chase (JPM).

XLF Chart

Looking at the charts, the S&P 500 moved through resistance at 1200 yesterday and cleared another at 1220 today. This should be bullish as the index has now cleared its April peak. Targeting 1250-1300 by year end seems reasonable at this point, assuming Europe stays quiet.

S&P 500 Chart

The Dow has also traversed its April high. Actually, the blue-chip index is more than 100 points removed that high, but resistance is not that far off at 11,500. From there, the Dow has some room to running to the 11,860 area, which was last seen in mid-2008.

Dow Chart

The Nasdaq was weak on Monday and Tuesday, but it kept finding relief at 2500, a critical support area. In the last two days, the index has tacked on 80 points and easily busted through resistance at 2535. Remember, the fourth quarter usually is not kind to tech issues and the statistics aren't as favorable when it comes to positive Decembers on the Nasdaq as they are when it comes to the S&P 500. At this point, it looks like a safe bet that the Nasdaq will take out 2600 and the last time that happened was three years ago.

Nasdaq Chart

The Russell 2000 took at its April peak today and a close above 750 is bullish. The small-cap index has been flashing plenty of bullish signs lately and the real party could start if 775 is taken out.

Russell 2000 Chart

The last two days have been plenty of fun, but the mess that is Europe did not just evaporate overnight. Nor did the inflation concerns in the emerging markets, namely China. That is my cautious side. My cheery side tells me if Friday's jobs report is encouraging, oil continues to move higher and financials really join the party, Santa may be coming early this year for investors.


New Option Plays

Eye on Financials

by James Brown

Click here to email James Brown

Editor's Note:

The banking sector is really showing some relative strength the last couple of days. Today's candidate could play a little catch up after the November swoon. Keep in mind that the Friday morning jobs report could cause a lot of volatility tomorrow if the numbers are a surprise!

- James


NEW DIRECTIONAL CALL PLAYS

Goldman Sachs - GS - close: 162.50 change: +4.05

Stop Loss: 152.75
Target(s): 169.75
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see trigger

Company Description:

Why We Like It:
Financials are on the rebound and appear to be leading the market higher. Shares of GS suffered following word of the trading probes a couple of weeks ago but the sell-off seemed to stall near the 50-dma and the 50% retracement of its October-November rally. If the rally in financials continues I expect GS to catch up! However, we don't want to buy today's big move. Let's use a trigger to buy calls at $160.25. If triggered we'll use a stop loss at $152.75, just under the 200-dma. Our first target is $169.75.

Trigger @ 160.25

Suggested Position: Buy the 2011 January $165 calls (GS1122A165) current ask $5.40

Annotated Chart:

Entry on December xxth at $ xx.xx
Earnings Date 01/18/11 (unconfirmed)
Average Daily Volume = 7.2 million
Listed on December 2nd, 2010


In Play Updates and Reviews

Targets Hit

by James Brown

Click here to email James Brown

Editor's Note:

The market strength continues to fuel new highs. CLF, GWW, and NUE all hit our target. NUE has been closed. I have adjusted our entry point for XEC.

-James

Current Portfolio:


CALL Play Updates

Caterpillar - CAT - close: 88.62 change: +1.17

Stop Loss: 83.75
Target(s): 84.85, 89.50
Current Option Gain/Loss: +203.5% & +263.2%
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
12/02 update: The rally continues and CAT hit another all-time high. Shares tagged $88.89 intraday. Currently our final target is $89.50. Yet I would seriously consider exiting positions right now. I am raising the stop loss to $83.75. No new positions at this time but I would consider buying January or February calls on a dip or bounce near $84.

Current Position:
Long the December $85 calls (symbol: CAT1018L85)
Entry @ $1.40

Double Down
New Position: Buy the December $85 calls (CAT1018L85), current ask $1.17

12/02 Consider exiting for a profit now, options are up +200%
12/02 New stop loss @ 83.75
12/01 New stop loss @ 81.90
11/30 Target hit @ 84.85. Option @ $1.85 (+32.1% and +58.1%)

Entry on November 9th at $ 81.75
Earnings Date 01/27/11
Average Daily Volume = 7.7 million
Listed on November 6th, 2010


CH Robinson Worldwide Inc. - CHRW - close: 75.81 change: +0.75

Stop Loss: 71.90
Target(s): 74.90, 79.00
Current Option Gain/Loss: +104.3%
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: CHRW continues to march higher and shares added +0.99%. The stock consolidated sideways most of the session only to see a late day surge. I don't see any changes from yesterday's comments. If you're looking for a new position I would wait for a dip near the $73.50 area.

Current Position:
Long the January $75.00 calls (CHRW1122A75) Entry @ $1.15

12/01: New Stop loss @ 71.90
12/01: First target hit @ $74.90 Exit all December calls: $0.95 (+111.1%)
12/01: First target hit, take profits on January calls: $ $2.00 (+73.9%)
11/27: New stop @ 70.75, new first target at $74.90

Entry on November 22nd at $72.44
Earnings Date 02/03/11
Average Daily Volume = 1.1 million
Listed on November 18th, 2010


Cliffs Natural Resources - CLF - close: 72.21 change: +1.75

Stop Loss: 65.75
Target(s): 71.50, 74.75
Current Option Gain/Loss: +46.6%
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: Target achieved. CLF managed to rally another +2.48% and close at new seven-month highs. Our first target was hit at $71.50. The option was trading near $3.25 at the time. We still have a final target at $74.75 but December options only have about two weeks left and we may have to exit early. I would consider buying January calls on a dip near $70.00. Please note our new stop loss at $65.75.

Current Position:
Long the 2010 December $70.00 CALL, Entry @ $2.42

12/02 Target hit @ 71.50, option @ $3.25 (+34.2%)
12/02 New Stop loss @ 65.75

Chart:

Entry on November 12th @ 67.00
Earnings Date 02/17/11
Average Daily Volume = 4.3 million
Listed on November 1, 2010


Costco Wholesale - COST - close: 69.01 change: +0.70

Stop Loss: 63.90
Target(s): 69.50
Current Option Gain/Loss: +180.0%
Time Frame: 3 to 4 weeks
New Positions: No

Comments:
12/02 update: As expected retail same-store sales for November were strong. COST said their sales were up +9.0% versus analysts' estimates of +6.2%. The stock rallied another +1% on the news and shares hit $69.11 intraday. Our final target is $69.50 but I would seriously consider an early exit right here and if COST doesn't hit our target tomorrow I might close the play this weekend.

I also want to remind readers that COST is due to report earnings on December 9th and cautious traders do not want to hold over this event.

Earlier Comments
We want to keep our position size small to limit our risk.

Current Position:
December $65.00 calls (symbol: COST1018L65)
Option Entry @ $1.50
12/01/10: New stop loss @ 64.90
11/30/10: Take Profits Early, Sell half. Option @ $3.40 (+126%)

Entry on November 8th at $64.50
Earnings Date 12/09/10
Average Daily Volume = 3.4 million
Listed on November 6th, 2010


CSX Corp. - CSX - close: 64.03 change: +1.09

Stop Loss: 59.49
Target(s): 64.25, 67.25
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see trigger

Comments:
12/02 update: The transports rallied again and this time the railroad index broke out to new highs. CSX surged toward its 52-week highs set last month near $64.00. There is no change from my prior comments. We don't want to chase this rally but I will adjust our trigger to buy the dip from $62.25 to $62.50.

Trigger to buy-the-dip @ $62.50 <-- new trigger

Suggested Position: Buy the 2011 January $60 calls (CSX1122A60)

12/02: New trigger @ 62.50.
12/01: New trigger @ 62.25, New stop @ 59.90, New targets.

Entry on December xxth at $ xx.xx
Earnings Date 01/18/11 (unconfirmed)
Average Daily Volume = 5.9 million
Listed on November 23rd, 2010


CenturyLink, Inc. - CTL - close: 43.98 change: +0.07

Stop Loss: 41.45
Target(s): 44.90, 47.25
Current Option Gain/Loss: +50.0%
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
12/02 update: The action in CTL today was a little disappointing. Shares swooned midday but managed to recover and close in positive territory. The trend is still up and I don't see any changes from my previous comments. I would look for a new entry point I would wait for a dip into the $43.25-43.00 zone.

FYI: Investors should know that CTL is currently involved with a $10.6 billion stock-swap merger with Qwest Communications (Q). The merger isn't supposed to be completed until the first half of 2011. The trend for both stocks is up and naturally looks very similar following the M&A announcement.

Current Position:
Long the 2011 January $45.00 calls (CTL1122A45) Entry @ 0.20

12/01: Adjusted secondary target to $49.00

Entry on November 29th at $42x55
Earnings Date 02/22/11
Average Daily Volume = 3.0 million
Listed on November 27th, 2010


Express Scripts - ESRX - close: 54.08 change: -0.30

Stop Loss: 49.65
Target(s): 53.95, 57.25
Current Option Gain/Loss: +74.5%, and +45.2%
Time Frame: 5 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: ESRX failed to participate in the market's widespread rally on Thursday. Instead ESRX churned sideways and began to fade lower into the closing bell. While today's relative weakness is disappointing the overall trend is still up. If you're looking for a new entry point I would wait for a dip toward $53 (buy January calls or later).

We currently only have half a position open.

Don't forget - December options expire in less than three weeks.

Current Position:
Long the 2010 December $52.50 calls (ESRX1018L52.5) Entry @ $1.22
- or -
Current Position:
Long the 2011 January $52.50 calls (ESRX1122A52.5) Entry @ $2.10

12/01: First Target Hit @ $53.95. Dec's @ $2.20 (+80.3%). Jan's @ $3.10 (+47.6%)

Entry on November 18th at $51.81
Earnings Date 02/24/11
Average Daily Volume = 4.3 million
Listed on November 17th, 2010


FedEx Corp. - FDX - close: 93.99 change: +2.87

Stop Loss: 88.45
Target(s): 94.75, 99.00
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: FDX is still running away from us. Shares spiked over $96.00 shortly after the opening bell. The stock is now up over $8 in the last four sessions. I would not want to chase it here. Wait for a dip. We have a buy-the-dip trigger at $91.00.

FYI: FDX is due to report earnings on Dec. 16th. Holding over earnings is risky. More conservative traders will want to exit ahead of the announcement.

Suggested Position: TRIGGER @ $91.00

Buy the 2011 January $90.00 call (FDX1122A90) current ask $4.85

- or

Buy the 2011 April $95 call (FDX1116D95) current ask $5.00

Entry on December xxth at $ xx.xx
Earnings Date 12/16/10 (confirmed)
Average Daily Volume = 2.1 million
Listed on November 29th, 2010


W.W. Grainger Inc. - GWW - close: 131.16 change: +3.89

Stop Loss: 124.75
Target(s): 129.90, 134.00
Current Option Gain/Loss: +68.0%
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: Target achieved. The short squeeze in GWW continues. The stock soared for a +3% gain to close at new all-time highs. The breakout past $128.00 is bullish and shares are gaining on above average volume. Our first target to take profits was hit at $129.90. I am raising our final target from $134.00 to $138.50. I am also raising our stop loss to $124.75. If you're looking for a new entry point I would consider buying calls on a dip near $128.00.

FYI: The stock could see a little short squeeze since the most recent data listed short interest at more than 5% of the 58.5 million share float (which isn't very big as far as floats go). FYI: The Point & Figure chart is bullish with a $140 target.

Current Position:
Long the 2011 January $130 calls (GWW1122A130) Entry @ $2.50

12/02: First target hit @ 129.90, option @ $4.10 (+64%)
12/02: New stop loss @ 124.75, New final target at $138.50

Chart:

Entry on November 24th at $126.75
Earnings Date 01/25/11 (unconfirmed)
Average Daily Volume = 567 thousand
Listed on November 22nd, 2010


Humana Inc. - HUM - close: 57.47 change: +0.38

Stop Loss: 53.75
Target(s): 59.75, 64.00
Current Option Gain/Loss: - 7.8%
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: HUM inched higher on Thursday but shares lagged the wider market. I don't see any changes from my previous comments. If you're looking for a new entry point I would wait for dips near the rising 50-dma. I am suggesting we sell half of our position at $59.75 and then plan on selling the rest with a target at $64.00.

Current Position:
Long the 2011 January $55 calls (HUM1122A55) Entry @ $3.80

11/22/10 New stop @ 53.75
11/22/10 New (2nd) target at $64.00

Entry on November 18th at $55.05
Earnings Date 11/01/10 (confirmed)
Average Daily Volume = 2.1 million
Listed on October 16th, 2010


Nike Inc. - NKE - close: 87.83 change: +0.50

Stop Loss: 82.45
Target(s): 86.75, 89.50
Current Option Gain/Loss: +156.5%, and +56.4%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
12/02 update: NKE did not see a lot of movement on Thursday in spite of strong same-store sales numbers across the retail sector. Shares dropped early this morning but managed to recover and close positive. Shares hit $88.00 at their best levels today. I don't see any changes from my previous comments. I would be very tempted to exit the remaining December calls on any move over $88.00 again.

If you're looking for a new entry point wait for the next dip or bounce near $84.00. Our final target for the December position remains $89.50. December options have less than three weeks left. We will consider a higher target for the January calls.

Current Position:
Long the December $85.00 CALLS (symbol:NKE1018L85) Entry @ $1.15

- or -

(Second position)
Current Position:
Long the January $85.00 CALLS (symbol:NKE1122A85) Entry @ $2.78

12/01/10 New stop loss @ 82.45
11/30/10 Readers may want to exit December options early for a gain
11/30/10 Entry on January calls @ $2.78
11/29/10 Buy the bounce from $84.00
11/24/10 Target hit @ 86.75, Dec. option @ $2.60 (+126%)

Entry on November 11th at $83.00
Earnings Date 12/21/10
Average Daily Volume = 2.3 million
Listed on November 6th, 2010


Transocean Ltd. - RIG - close: 70.93 change: +3.19

Stop Loss: 64.75
Target(s): 72.50, 74.90
Current Option Gain/Loss: +37.2%
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: Oil stocks continued to rally on Thursday and RIG delivered the sort of move I was expecting yesterday. The stock soared +4.7% to a new six-month high and a close over round-number resistance at $70.00. Volume was very strong on this move. If you're looking for a new entry point I would wait for another dip towards $68.

- Current Position -
Long the 2011 January $70.00 calls (RIG1122A70) Entry @ $2.95

Entry on November 30th at $68.18
Earnings Date 02/24/11 (unconfirmed)
Average Daily Volume = 6.3 million
Listed on November 29th, 2010


Union Pacific - UNP - close: 93.66 change: +2.24

Stop Loss: 87.90
Target(s): 96.25, 99.75
Current Option Gain/Loss: +80.9%
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: UNP is finally starting to move. The stock broke through resistance in the $92 area to close at new all-time highs. If you were waiting for the breakout you got it! Personally, if you're still looking for an entry point I would wait for a dip near $92.50-92.00.

- Current position -
Suggested Position:
Buy the 2011 January $95 calls (UNP1122A95) Entry @ $1.52

Entry on November 30th at $89.83
Earnings Date 01/20/11
Average Daily Volume = 2.9 million
Listed on November 20th, 2010


VimpelCom Ltd - VIP - close 15.50 change +0.03

Stop Loss: 14.90
Target(s): 16.75
Current Option Gain/Loss: -47.6%
Time Frame: 6 to 8 weeks
New Positions: No

Comments:
12/02 update: I would say we're pretty lucky with this VIP play. The company reported earnings this morning that appear to have missed analysts estimates by 12 cents. VIP delivered a profit of 39 cents a share and wall street was looking for 51 cents. Revenues were also a miss. Yet shares managed to bounce from support near the $15.00-15.25 zone again. I am not suggesting new positions at this time. We have about two weeks left on our December calls. It's time to start looking for an exit.

Current Position:
December $15.00 CALLS, Entry @ $1.05

11/27/10 new stop @ 14.90

Entry on November 8, 2010 @ 15.60
Earnings Date 12/02/2010 (unconfirmed)
Average Daily Volume: 3.5 million
Listed on November 3, 2010


Cimarex Energy Co. - XEC - close: 85.83 change: +2.09

Stop Loss: 78.90
Target(s): 87.40, 89.90
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/02 update: Wow! It's frustrating to watch this stock run higher without us. Shares opened at $84.06 and surged to new highs. I am raising our trigger to buy calls on a dip to $84.00 (instead of $83.25). We'll move the stop loss to $79.85.

Trigger @ 84.00

Suggested Position:
Buy the 2011 January $85 calls (XEC1122A85) current ask $4.50

Entry on December xxth at $ xx.xx
Earnings Date 02/17/11 (unconfirmed)
Average Daily Volume = 907 thousand
Listed on December 1st, 2010


CLOSED BULLISH PLAYS

Nucor Corp. - NUE - close: 40.26 change: +1.04

Stop Loss: 36.85
Target(s): 40.00
Current Option Gain/Loss: +97.6% and +129%
Time Frame: 3 to 4 weeks
New Positions: Yes, see below

Comments:
12/02 update: Target achieved. Resources names continued to rally and NUE added +2.6% and hit an intraday high of $40.32. Our target to exit was hit at $40.00. Volume has been very strong on this rally. Readers may want to keep NUE on their watch list for another entry point. The 2011 January $37 calls closed with a bid of $3.65. The Jan $40s closed with a bid of $1.61.

Closed Position:
Buy the 2011 January $37.00 calls (NUE1122A37) Entry @ $1.72, exit @ $3.40 (+97.6%)
- or -
Buy the 2011 January $40.00 calls (NUE1122A40) Entry @ $0.61, exit @ $1.40 (+129%)

Chart:

Entry on November 29th at $37.38
Earnings Date 01/26/11
Average Daily Volume = 3.5 million
Listed on November 27th, 2010