Closed Plays


BUCY exceeded our target.


Play Updates


Akamai Technology - AKAM - close: 49.53

11/20 update: It was a volatile week for AKAM. Shares dipped toward support near $46 and its rising 100-dma before bouncing higher. The stock was downgraded early in the week and upgraded late in the week by another firm. The longer-term trend of higher lows is still in place. If shares can breakout over the $50 level then AKAM is poised to challenge its highs before yearend. More conservative traders may want to tighten their stops. Currently our stop is $41.90. FYI: Once again there was some takeover chatter about AKAM.

Previous Comments:
We have already taken profits on our 2011 calls. That leaves the 2012 calls. Our second, longer-term target is $59.75. FYI: AKAM has seen some takeover chatter in the last several months.

- Current Positions -
Oct 06, 2010 - entry price on AKAM @ 45.50, option @ 7.50
symbol: AKAM1221A50 2012 JAN $50 call - current bid/ask $ 9.45/ 9.75

10/30/10 Sell the 2011 Jan. calls, option bid @ 5.10 (+78.9%)
10/06/10 Play triggered when AKAM hit $45.50

Current Target: $59.75
Current Stop loss: 41.90
Play Entered on: 10/06/10
Originally listed on the Watch List 10/02/10


Baidu, Inc. (Baidu.com) - BIDU - close: 108.59

11/20 update: In the last several days the Chinese market has seen a very sharp correction, falling about -10% in just a few days. This move took a toll on BIDU. The stock went from nearly $115 to almost $103 before finally bouncing. The long-term trend is still up but I'm not suggesting new bullish positions at this time. More conservative traders may want to raise their stop loss.

Previous Comments:
BIDU is a very volatile stock. This is an aggressive, higher-risk trade. Keep your position size small to limit your risk. We have already taken profits on the 2011 calls.

- Current Positions -
Only one position left.

Aug 02, 2010 - entry price on BIDU @ 83.50, option @ 13.00
symbol: BIDU1221A100 2012 JAN $100 call - current bid/ask $27.45/28.25

10/30/10 Adjusted exit to $129.00.
10/23/10 New stop loss @ 94.00
10/21/10 BIDU reports strong earnings.
10/02/10 Sell half of 2012 calls, BIDU @ 98.80, option @ 22.30 (+71.5%)
09/25/10 Take Profits on the 2011 calls, BIDU @ 97.83, option @ 14.75 (+84.3%)
09/25/10 New stop @ 79.00

Current Target: $129.00
Current Stop loss: 94.00
Play Entered on: 08/02/10
Originally listed on the Watch List 07/31/10


Berkshire Hathaway - BRK.B - close: 80.77

11/20 update: Shares of BRK.B suffered two corrections in the last four weeks. Both times traders bought the dip near the stock's rising 200-dma. Thus we're looking at a new bullish entry point given the stock's current two-day bounce. Please note I am raising our stop loss to $75.75 and more conservative traders may want to use a stop closer to $78.00 instead. FYI: I prefer the 2012 calls if you're opening new positions.

- Current Positions -
Oct 29, 2010 - entry price on BRK.B @ 79.00, option @ 1.25
symbol: BRKB1122A85 2011 JAN $85 call - current bid/ask $ 0.82/ 0.87

- or -

Oct 29, 2010 - entry price on BRK.B @ 79.00, option @ 5.00
symbol: BRKB1221A90 2012 JAN $90 call - current bid/ask $ 4.65/ 4.95

11/20/10 New entry point on bounce from 200-dma
11/20/10 New stop @ 75.75
10/29/10 Play triggered on dip at $79.00.

Current Target: $ 99.00
Current Stop loss: 75.75
Play Entered on: 10/29/10
Originally listed on the Watch List 09/11/10


ConocoPhillips - COP - close: 61.92

11/20 update: Energy stocks are still holding up pretty well considering the pull back in oil recently. COP has found some short-term support at its rising 30-dma. I would still look for additional support near $60 and $58 if the market corrects any further. I am not suggesting new bullish positions at this time.

Prior Comments:
We have already taken profits on the 2011 calls. That leaves the 2012 call position and our long-term target is $69.00.

- Current Positions -
May 20, 2010 - entry price on COP @ 51.00, option @ 4.75
symbol: COP 11A55.00 2012 JAN $60 call - current bid/ask $7.10/7.30

10/23/10 Exit the 2011 Jan. $55 calls @ 7.05 (+88%)
10/23/10 New stop loss @ 54.85
10/11/10 New stop loss @ 51.90
09/04/10 COP gave us a new entry with the move over $54.00
07/17/10 COP's bounce has failed. Consider an early exit!
07/03/10 More Conservative traders may want to exit early!

Current Target: $ 69.00
Current Stop loss: 54.85
Play Entered on: 05/20/10
Originally listed on the Watch List 05/08/10


Walt Disney Co. - DIS - close: 37.01

11/20 update: DIS gave up about 75 cents last week in spite of one Wall Street firm putting a $48 price target on the stock. The consolidation under resistance near $38 is normal. I would still use dips in the $36-35 zone as potential bullish entry points. Remember, we have a long-term time frame here. We can afford to wait for the right entry point.

- Current Positions -
Oct 27, 2010 - entry price on DIS @ 35.60, option @ 2.23
symbol: DIS1221A40 2012 JAN $40 call - current bid/ask $ 2.77/ 2.83

- or -

Oct 27, 2010 - entry price on DIS @ 35.60, option @ 3.63
symbol: DIS1319A40 2013 JAN $40 call - current bid/ask $ 4.00/ 4.35

10/27/10 Play opened, DIS opened @ $35.60

Current Target(s): $42.00
Current Stop loss: 32.75
Play Entered on: 10/27/10
Originally listed on the Watch List 10/24/10


Diamond Offshore - DO - $68.93

11/20 update: The correction in DO took the stock down toward its 50-dma with a low of $66.62 for the week. The stock has been trying to bounce. Readers can use this rebound as a new entry point to buy calls but I would enter cautiously and start with small positions.

NOTE - it looks like the option strikes have changed to reflect the recent dividend announced by DO. The 2011 March $80s are no the $79.25s. The 2012 Jan. $86s are now $85.25s.

- Current Positions -
Oct 21, 2010 - entry price on DO @ 67.50, option @ 1.90
symbol: DO1119C80 2011 Mar $79.25 call - current bid/ask $1.73/1.79

- or -

Oct 21, 2010 - entry price on DO @ 67.50, option @ 4.79
symbol: DO1221A86 2012 Jan $85.25 call - current bid/ask $4.05/4.30

11/20/10 New Entry point on bounce from 50-dma. Use small positions
10/21/10 Play triggered on a dip at $67.50

Current Target(s): $79.00 & 89.00
Current Stop loss: 62.40
Play Entered on: 10/21/10
Originally listed on the Watch List 10/16/10


EMC Corp. - EMC - close: 21.82

11/20 update: The correction in EMC pulled shares down toward support near $20.50 and its 50-dma. Fortunately the stock has already begun to rebound and look poised to breakout past resistance near $22.00. Our first target is $22.50 so we will want to sell the rest of our 2011 calls when EMC hits this level. If you have a long-term time frame and willing to buy the 2012 calls then readers could initiate small positions on this bounce.

- Current Positions -
May 6, 2010 - entry price on EMC @ 18.25, option @ 1.40
symbol: EMC 11A20.00 2011 Jan $20 call - current bid/ask $2.12/2.16

- or -

May 6, 2010 - entry price on EMC @ 18.25, option @ 2.50
symbol: EMC 12A20.00 2012 Jan $20 call - current bid/ask $3.75/3.95

10/23/10 Sell Half of the 2011 calls, bid @ 2.06 (+47%)
10/23/10 New stop loss @ 18.40
09/04/10 EMC has provided a new entry point with the move over $19
07/03/10 More Conservative Traders may want to exit early!

Current Target(s): $22.50 & 24.75
Current Stop loss: 18.45
Play Entered on: 05/06/10
Originally listed on the Watch List 03/20/10


Express Scipts - ESRX - close: 53.38

11/20 update: Traders bought the dip midweek near the 20-dma and ESRX has rebounded to new five-month highs. The stock is now challenging resistance near $54.00 (and the June 2010 high). The relative strength in ESRX is encouraging but I would not launch new positions at current levels. FYI: The P&F chart is bullish with a $74 target.

- Current Positions -
Oct 25, 2010 - entry price on ESRX @ 49.30, option @ 4.85
symbol: ESRX1221A55 2012 Jan $55 call - current bid/ask $6.45/6.65

- or -

Oct 25, 2010 - entry price on ESRX @ 49.30, option @ 7.10
symbol: ESRX1319A55 2013 Jan $55 call - current bid/ask $9.05/ 9.85

11/06/10 New stop @ 46.90
10/25/10 Trade is opened. ESRX opens @ $49.30

Current Target(s): $59.50
Current Stop loss: 46.90
Play Entered on: 10/25/10
Originally listed on the Watch List 10/16/10


SPDR Gold ETF - GLD - close: 132.20

11/20 update: The correction in gold and the metals has been pretty sharp but traders bought the dip near $130.00 on the GLD near its rising 50-dma. Worries over Ireland and a potential domino effect of defaults in Europe pushed the euro lower. This euro weakness powered big gains in the dollar and this in turn was pushing commodities lower. Bears would argue that commodities have produced a reversal. They might be right short term. Yet long-term the trend for gold and the GLD is still up. That doesn't mean that the GLD can't test support near $125.00 before continuing that up trend.

Currently we only have one position left (2012 calls) and I'm not suggesting new bullish positions at this time.

Our long-term target for the 2012 calls is at $149.00.

- Current Positions -
Aug 6, 2010 - entry price on GLD @ 118.00, option @ 10.75
symbol: GLD1221A130 2012 Jan $130 call - current bid/ask $15.05/15.60

11/09/10 Target hit - GLD opened at $138.70, 2011 Mar. Call opened @ $20.00 (+159%)
11/06/10 new stop @ 123.40
10/30/10 New stop @ 121.00. Readers may want to exit ahead of FOMC meeting
10/02/10 Sell half of the 2011 March calls, option @ 12.70 (+64.9%)
10/02/10 New stop $ 118.49
09/25/10 New stop @ 116.45, new target 138.50

Current Target(s): $149.00
Current Stop loss: 123.40
Play Entered on: 08/06/10
Originally listed on the Watch List 06/05/10


Humana Inc. - HUM - close: 56.03

11/20 update: Shares of HUM saw some volatility this past week. The company said 2011 profits would be lower than previously thought as it adjusts for higher Medicare costs and changes due to the new healthcare reforms. Yet management reminded investors that the aging U.S. population creates a very favorable long-term environment for their company. Traders decided to buy the dip in HUM at its rising 50-dma. The pull back looks like a new entry point although if you're patient we might see a new entry point in the $54-53 zone again.

Previous Comments:
We have already sold (exited) our 2011 calls for a profit.

- Current Positions -
Sep 17, 2010 - entry price on HUM @ 50.50, option @ 6.40
symbol: HUM1221A55 2012 Jan $55 call - current bid/ask $ 7.90/ 8.90

11/20/10 Entry point on the dip.
10/23/10 Exit (sell) the 2011 Jan. $55 calls, bid @ 4.40 (+137%)
10/23/10 New stop loss $ 48.75
10/16/10 New stop loss @ 47.40
10/11/10 New Entry point - HUM is breaking out past $51.00.

Current Target(s): $69.00
Current Stop loss: 48.75
Play Entered on: 09/17/10
Originally listed on the Watch List 09/04/10


Intl.Business Machines - IBM - close: 145.05

11/20 update: After a -4% correction bulls were buying the dip in IBM. The stock found some support near the $141 area and is now just a couple of points away from new highs. The relative strength is good news but I would not launch new positions at this time.

Prior Comments:
We have already exited the 2011 calls for a gain.

- Current Positions -
Sep 30, 2010 - entry price on IBM @ 136.00, option @ 7.80
symbol: IBM1221A150 2012 Jan $150 call - current bid/ask $10.30/10.55

10/29/10 IBM hit $144, our target to exit the 2011 calls (+71.8%)
10/18/10 IBM reported earnings
10/16/10 Short-term target for 2011 calls set at $144.00.
09/30/10 Play triggered $136.00, stop $129.50

Current Target(s): $159.00
Current Stop loss: 129.50
Play Entered on: 09/30/10
Originally listed on the Watch List 09/25/10


Infosys Technologies - INFY - close: 65.94

11/20 update: Shares of INFY have been struggling thanks to the sharp declines in the Indian stock market. Yet INFY only lost -0.6% on Friday compared to the -1.7% drop in the Sensex index. Last week's breakdown under short-term support near $66 was countered when traders bought the dip near the next level of support around $64.00. I'm not convinced the correction is over yet so I'm not suggesting new bullish positions at this time. Keep in mind our stop loss is at $61.75.

Previous Comments:
We have already sold the 2011 calls for a profit. Our remaining positions are any 2012 calls. Our long-term target is $79.00.

- Current Positions -
July 1, 2010 - entry price on INFY @ 59.00, option @ 8.20
symbol: INFY 12A65.00 2012 Jan $65 call - current bid/ask $ 9.00/10.10

10/15/10 INFY reports earnings.
10/02/10 Sell the 2011 Calls, INFY @ 70.52, option @ 11.20 (+49.3%)
10/02/10 New stop @ 61.75
09/25/10 New stop @ 58.75

Current Target(s): $79.00
Current Stop loss: 61.75
Play Entered on: 07/01/10
Originally listed on the Watch List 06/26/10


L-3 Communications - LLL - close: 71.30

11/20 update: The trend of higher lows is still in play after traders bought the dip in LLL near $69.50 last week. This bounce looks like a new bullish entry point but I will admit there is still a chance that LLL is forming a huge bear-flag pattern. More conservative traders may want to consider a slightly higher stop loss (plus you may want to wait for a new close over $72.00 before launching positions).

- Current Positions -
Nov 11, 2010 - entry price on LLL @ 71.87, option @ 5.80
symbol: LLL1221A75 2012 Jan $75 call - current bid/ask $ 5.30/ 5.60

11/11/10 Play triggered with LLL's gap open @ 71.87

Chart of LLL:

Current Target(s): $79.50, 89.00
Current Stop loss: 67.75
Play Entered on: 11/11/10
Originally listed on the Watch List 11/06/10


McDonald's Corp. - MCD - close: 79.64

11/20 update: Market participants were very quick to buy the dip in MCD. The stock has a relatively consistent trend of higher lows with bulls buying dips near the 30 or 40-dma. This past week saw a dip to the 40-dma, which was quickly bought. Now MCD is challenging its all-time highs and looks ready to breakout over round-number, psychological resistance at $80.00. We do not want to launch new positions at this time.
FYI: One of these days MCD might announce another stock split. The stock's last split was 2:1 back in March 1999 around the $80 zone.

Previous Comments:
We have already sold the 2011 calls for a gain. Our long-term target for the 2012 calls is $89.00.

- Current Positions -
June 29, 2010 - entry price on MCD @ 66.50, option @ 2.20
symbol: MCD 12A80.00 2012 Jan $80 call - current bid/ask $5.25/ 5.40

11/06/10 New stop @ 71.90
10/23/10 New stop @ 69.75
10/16/10 Sell the remaining 2011 calls, bid @ $8.00 (+201%)
10/16/10 New target for 2012 positions @ $89.00
10/02/10 New stop @ 67.90
08/28/10 New stop @ 66.75
07/17/10 Take Profits! 2011 Jan $70 call @ 4.00 (+51%), 2012 $80 call @ 3.50 (+59%)

Current Target(s): $89.00
Current Stop loss: 71.90
Play Entered on: 06/29/10
Originally listed on the Watch List 06/12/10


Microsoft Corp. - MSFT - close: 25.69

11/20 update: I warned readers to look for a pull back toward $25.50 and MSFT delivered. The $25.50-25.00 zone should be decent support and I would launch new positions at this time but more conservative traders may want to wait for a bounce first (and a close over $26.00 before initiating positions).

Previous Comments:
The $28.00 level could be significant resistance as would the 2010 highs near $31.50. Long-term my upside target is $31.00. Our time frame is nine to twelve months. Stop loss at $23.25.

- Current Positions -
Oct 18, 2010 - entry price on MSFT @ 25.59, option @ 3.30
symbol: MSFT1221A25 2012 Jan $25 call - current bid/ask $3.05/ 3.15

- or -

Oct 18, 2010 - entry price on MSFT @ 25.59, option @ 2.30
symbol: MSFT1319A30 2013 Jan $30 call - current bid/ask $2.15/ 2.20

11/20/10 Another Entry Point on the dip toward the 50-dma
10/28/10 MSFT delivers stronger than expected earnings.

Current Target(s): $31.00
Current Stop loss: 23.25
Play Entered on: 10/18/10
Originally listed in New Plays on 10/16/10


Nike Inc. - NKE - close: 85.81

11/20 update: NKE gapped open on Monday morning at $82.91 but quickly reversed lower. The correction pulled shares toward support near $80.00 and its 50-dma. Bulls jumped in to buy the dip and shares really exploded on Friday with a +4% gain to close at new highs. Investors seemed to applaud the company's decision to raise their cash dividend by +15% to 31 cents a share. I'd rather not chase NKE here. Wait for a dip near $83.00 before considering new bullish positions.

Previous Comments:
We wanted to keep our initial position size small to limit our risk.

- Current Positions -
Nov 15, 2010 - entry price on NKE @ 82.91, option @ 5.40
symbol: NKE1221A90 2012 Jan $90 call - current bid/ask $6.75/ 6.95

11/15/10 Play opened on Monday morning, NKE @ 82.91

Current Target(s): $95-100
Current Stop loss: 79.75
Play Entered on: 11/15/10
Originally listed in New Plays on 11/13/10


Nokia Corp. - NOK - close: 10.12

11/20 update: It was a tough week for Nokia. Credit rating agency Fitch downgraded NOK to BBB- and said their outlook was negative. Meanwhile NOK's stock was downgraded in Europe. Plus NOK admitted they have some power/battery problems with their N8 smartphones. The stock slipped toward round-number, psychological support near $10.00. The short-term trend is down and while I am tempted to buy calls on this dip to $10.00 more conservative traders may want to wait for a new close over the 50-dma before launching new positions.
Our time frame is nine to twelve months.

- Current Positions -
Nov 12, 2010 - entry price on NOK @ 10.25, option @ 1.75
symbol: NOK1221A10 2012 Jan $10 call - current bid/ask $ 1.51/ 1.58

11/12/10 Play triggered @ $10.25

Current Target(s): $12.45, 14.40
Current Stop loss: 9.49
Play Entered on: 11/12/10
Originally listed on the Watch List 11/06/10


NVIDIA Corp. - NVDA - close: 13.75

11/20 update: Heads up! NVDA is surging and the stock closed at new six-month highs. Traders have a decision to make. Originally our second target to exit has bee $14.00. last week I raised it to $14.50. Since we have 2012 calls I am raising our target to $15.75. Keep in mind that it could still take months to get there and it will likely be a rocky path. I am also raising our stop loss to $11.40. More conservative traders may want to raise their stops closer to the 50-dma (currently $11.75). I am not suggesting new positions at this time.

Previous Comments:
We took profits on the 2011 calls in late September. All we have left are the 2012 calls. Overall this remains an aggressive, higher-risk trade. NVDA has been struggling and sales growth has been slowing down but we are betting the worse has already been priced in for this stock. Keep your positions very small to limit our risk.

- Current Positions -
Sep 13, 2010 - entry price on NVDA @ 10.75, option @ 1.69
symbol: NVDA1221A12.5 2012 Jan $12.50 call - current bid/ask $3.15/ 3.25

11/20/10 New target at $15.75
11/20/10 new stop @ 11.40
11/13/10 New stop @ 10.89
11/06/10 New stop @ 10.40
11/04/10 Target hit @ 12.50, take profits: 2012 calls @ $2.40 (+42.0%)
09/25/10 Sell the 2011 calls, NVDA @ 12.26, option @ 2.70 (+70.8%)
09/25/10 new stop 9.95
09/13/10 Play Triggered @ $10.75

Chart of NVDA:

Current Target(s): $12.50 & 15.75
Current Stop loss: 11.40
Play Entered on: 09/13/10
Originally listed in New Plays on 08/28/10


Transocean Ltd. - RIG - close: 68.33

11/20 update: Investors are still buying the dips in the oil service stocks. RIG found support near $65 last week. The stock looks poised to breakout past resistance near $70.00 soon. I am not suggesting new positions at this time.

Previous Comments:
We have taken profits twice, once at $59.00, and then we exited the 2011 calls at $67.00. We still have the 2012 calls and we're aiming for $78.50.

- Current Positions -
Jun 09, 2010 - entry price on RIG @ 43.50, option @ 7.25
symbol: RIG 12A60.00 2012 Jan $60 call - current bid/ask $14.95/15.20

11/13/10 new target @ 78.50
10/23/10 New stop @ 54.85
10/13/10 Target hit at $67.00 to exit the 2011 call option @ 17.40 (+167.6%)
10/02/10 New stop @ 53.90
09/10/10 Target Hit @ 59.00 (take some money off the table), 2011 Jan $50 call @ $11.45 (+76.1%), the 2012 Jan $60 call @ $10.35 (+42.7%)

Current Target(s): $78.50
Current Stop loss: 54.85
Play Entered on: 06/09/10
Originally listed on the Watch List 06/05/10


TASER Intl. - TASR - close: 4.27

11/20 update: Whew! What a difference a week can make. TASR was looking pretty ugly a week ago. The stock has rebounded and closed at new three-week highs. Readers may want to look for a pull back into the $4.10 region as a new entry point but consider raising your stop toward $3.85.

- Current Positions -
Buy TASR stock (entry $3.69), stop loss $3.75

10/23/10 Sell at least Half of our position: TASR @ 4.53 (+22.7%)
10/23/10 New Stop @ 3.75
08/30/10 TASR opens Monday at $3.69 (entry point)
08/28/10 TASR listed as a new play

Current Target(s): $ 4.90
Current Stop loss: 3.75
Play Entered on: 08/30/10
Originally listed in New Plays on 08/28/10


WellPoint Inc. - WLP - close: 58.61

11/20 update: The correction pulled WLP down toward technical support at its 200-dma but and this level held reasonably well. There was an intraday spike lower on Thursday as traders reacted to the earnings warning from HUM. Bulls were quick to buy the dip on Friday and WLP outperformed the market with a +4% gain. Last week I suggested readers buy call LEAPS on a bounce from the $56 level and we got it.

- Current Positions -
Oct 14th, 2010 - entry price on WLP @ 57.75, option @ $5.25
symbol: WLP1221A65 2012 Jan $65 call - current bid/ask $ 5.25/ 5.70

11/20/10 Another entry point on the bounce from the 200-dma
10/14/10 Play Triggered when WLP hit $57.75, option @ $5.25

Current Target(s): $69.75
Current Stop loss: 52.75
Play Entered on: 10/14/10
Originally listed on the Watch List 10/11/10


Wynn Resorts - WYNN - close: 102.99

11/20 update: That big drop in WYNN on Friday was not relative weakness. Shares started trading ex-dividend on Friday morning. Back on Nov. 2nd the company declared a special one-time $8.00 dividend to shareholders and the stock is trading without that dividend as of Friday morning. Shares opened at $101.33. We had a trigger to buy call LEAPS at $102.50 so the play was opened on Friday morning. This explanation for the gap down doesn't mean the correction is over. While casino names were bouncing on Friday there was a Bloomberg report a few days ago that suggested Macau will crank down on casino growth, the number of new gaming tables, and tighter financial regulations. Macau has been driving the growth for most of the big casino names so the sector will be sensitive to headlines from this region.

I would still consider new positions now near the $103 area but if you're patient we might see a better entry point near $100. We have a stop loss at $94.75. I'm setting our first long-term target at $119.00.

Previous Comments:
Keep your positions small. This is an aggressive trade.

OPTION STRIKES: Note, given the $8.00 dividend the option strikes have been adjusted. The $110 calls are now the $102 calls. The $120 calls are now $112 calls.

- Current Positions -
Nov 19th, 2010 - entry price on WYNN @ 101.33, option @ $10.50
symbol: WYNN1119C102 2011 MAR $102 call - current bid/ask $10.80/11.05

- or -

Nov 19th, 2010 - entry price on WYNN @ 101.33, option @ $16.05
symbol: WYNN1221A112 2012 JAN $112 call - current bid/ask $15.55/16.15

11/19/10 Play opened on gap down at $101.33

Chart of WYNN:

Current Target(s): $119.00
Current Stop loss: 94.75
Play Entered on: 11/19/10
Originally listed on the Watch List 05/15/10


CLOSED Plays

Bucyrus Intl. - BUCY - close: 89.20

11/20 update: Target exceeded!
On Monday morning Caterpillar (CAT) announced a buyout of BUCY. Shares of BUCY gapped open higher at $90.08 and we had a target to exit at $87.50 to the play was closed immediately. On Monday the 2011 January $60 calls opened at $29.65 and the 2012 January $70 calls opened at $20.00.

- Closed Positions -
Sep 01, 2010 - entry price on BUCY @ 61.00, option @ 8.50
symbol: BUCY1122A60 2011 JAN $60 call - Exit @ $29.65 (+248.8%)

- or -

Sep 01, 2010 - entry price on BUCY @ 61.00, option @ 13.00
symbol: BUCY1221A70 2012 JAN $70 call - Exit @ $20.00 (+53.8%)

11/15/10 Target exceeded on Gap Open Higher!
10/21/10 BUCY misses earnings.
10/11/10 New stop loss @ 63.75
09/18/10 Take Profits. We want to sell half of our 2011 Jan $60 calls.
BUCY is at $70.37. The calls are bid $13.85 (+62.9%) 09/18/10 New stop loss at $57.40

Chart of BUCY:

Current Target: $ 87.50
-special- Sell the 2011 calls when BUCY hits $78.50
Current Stop loss: 63.75
Play Entered on: 09/01/10
Originally listed on the Watch List 07/24/10