Closed Plays


TASR hit our final exit target.


Play Updates


Arch Coal Inc. - ACI - close: 32.26

12/11 update: It was a volatile week for ACI. Shares spiked to a new two-year high on Dec. 7th only to reverse lower. That was followed up with an analyst downgraded on the 8th. Traders bought the dip at ACI's 10-dma but I wouldn't be surprised to see more profit taking. I would still consider new bullish positions on dips near the $30.00-28.00 area. Our long-term target is $39.75. More aggressive traders could aim a lot higher, especially if you're holding the 2013 calls.

- Current Positions -
Nov 22, 2010 - entry price on ACI @ 30.15, option @ 3.90
symbol: ACI1221A35 2012 JAN $35 call - current bid/ask $ 4.55/ 4.65

- or -

Nov 22, 2010 - entry price on ACI @ 30.15, option @ 5.15
symbol: ACI1319A35 2013 JAN $35 call - current bid/ask $ 6.70/ 7.10

11/22/10 Play opened. ACI @ $30.15

Current Target: $39.75
Current Stop loss: 26.75
Play Entered on: 11/22/10
Originally listed in the New Plays 11/20/10


Akamai Technology - AKAM - close: 51.33

12/11 update: AKAM held an analyst day last week. You can see the reaction on Dec. 9th with shares falling. Wall Street firms essentially reaffirmed their previous ratings on AKAM. Some were positive, some ratings were neutral. Investors may have been disappointed that AKAM did not deliver stronger news to push the stock above resistance at $55.00. Naturally, after two days of selling, the short-term oscillators have turned negative. If the selling continues we can look for AKAM to find support near $50.00 or its 100-dma closer to $48.00. I would be tempted to buy calls (start with small positions) on a dip or bounce near the 100-dma.

On a positive note AKAM has been selected to be added to the NASDAQ-100 index. AKAM will be included on Dec. 20th. All of the mutual funds that seek to mimic the NASDAQ-100 will have to buy shares of AKAM eventually. Thus buying pressure for AKAM should increase later this month.

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 $10.20/10.60

11/27/10 New stop @ 43.75
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: 43.75
Play Entered on: 10/06/10
Originally listed on the Watch List 10/02/10


Baidu, Inc. (Baidu.com) - BIDU - close: 107.86

12/11 update: There was a lot of news out of China this past week. A couple of Chinese IPOs were making headlines with a strong buying interest. Plus, investors remain concerned that China might raise interest rates. The government did raise bank reserve ratios again. It is widely expected that China will raise interest rates soon. Since it is expected I'm not sure the Chinese market and U.S. market will see much of a sell-off on the news. It all depends on how big the interest rate hike will be. Overall the combination of rate hike fears and new IPOs sucking up available cash left BIDU to wander sideways. BIDU did fail at $112 last week. Now the stock has a neutral pattern with higher lows (bullish) with lower highs (bearish). Any significant correction in the Chinese or U.S. market will probably drag BIDU toward the $95 area. I'm not suggesting new positions at this time.

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 $26.40/26.65

10/30/10 Adjusted exit target 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: 80.68

12/11 update: It was a quiet week for BRK.B with the stock consolidating sideways between its 200-dma (support) and its 40-dma (resistance). If you look at an intraday chart BRK.B looks poised to breakout higher but then why hasn't it been following the major averages higher? I still remain cautious on launch new positions and would like to see a close over $82.00 or even a close over $84.00 before we consider new positions.

I haven't given up hope on our 2011 January calls but we only have six weeks left. Besides, "hope" is a terrible investment strategy. Readers may want to consider exiting the 2011 calls on any bounce that gets us even close to breakeven. We will go ahead and raise our stop loss to $77.75.

- Current Positions -
Oct 29, 2010 - entry price on BRK.B @ 79.00, option @ 1.25
symbol: BRKB1122A85 2011 JAN $85 call - current bid/ask $ 0.31/ 0.36

- or -

Oct 29, 2010 - entry price on BRK.B @ 79.00, option @ 5.00
symbol: BRKB1221A90 2012 JAN $90 call - current bid/ask $ 4.00/ 4.20

12/11/10 New stop loss @ 77.75.
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: 77.75
Play Entered on: 10/29/10
Originally listed on the Watch List 09/11/10


ConocoPhillips - COP - close: 64.58

12/11 update: COP rallied to new two-year highs early in the week. Unfortunately the rally ran out of steam and shares spent the rest of the week drifting between $65 and $64. If the market and oil sector see a correction we can look for this stock to find short-term support near $62. I am not suggesting new long-term bullish positions at this time. FYI: option values did not change this past week.

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 $8.25/8.40

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


Deere & Co - DE - close: 82.14

12/11 update: DE displayed some relative strength early in the week. The breakout past resistance at $80 is a positive signal. Shares managed to close at new two-year highs. While the short-term trend is up I would not launch positions here. Wait for a dip or a bounce near $78 or its 50-dma before considering new plays.

- Current (very small) Positions -
Nov 26, 2010 - entry price on DE @ 75.50, option @ 4.75
symbol: DE1221A90 2012 JAN $90 call - current bid/ask $6.75/6.90

12/04/10 DE offered another entry point with the move over $77.50
11/26/10 DE hit our trigger @ 75.50

Current Target: $ 88.00, 94.00
Current Stop loss: 73.45
Play Entered on: 11/26/10
Originally listed on the Watch List --/--/--


Walt Disney Co. - DIS - close: 36.66

12/11 update: Fans are super excited to see Disney's new "Tron Legacy" movie that opens this month. Unfortunately the action in shares of DIS this past week were anything but exciting. The stock produced another failed rally at resistance near $38.00 and has continued to sink. On a short-term basis DIS should find support near $36.00. I would still consider new long-term bullish positions on a dip near the $36.00-35.00 area but readers may want to wait and buy a bounce instead of the decline.

- Current Positions -
Oct 27, 2010 - entry price on DIS @ 35.60, option @ 2.23
symbol: DIS1221A40 2012 JAN $40 call - current bid/ask $ 2.54/ 2.58

- or -

Oct 27, 2010 - entry price on DIS @ 35.60, option @ 3.63
symbol: DIS1319A40 2013 JAN $40 call - current bid/ask $ 4.10/ 4.30

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


EMC Corp. - EMC - close: 22.25

12/11 update: EMC has been very slowly drifting higher. If the stock market continues to cooperate we could see EMC breakout past its November highs and breakout to new three-year highs soon. Let's hope it happens before yearend. We only have six weeks left on our 2011 January calls. Readers could exit these calls now for a profit but I'd like to hang on and sell at our target of $22.50 (aggressive traders could just ride these calls until expiration since EMC could be trading near $23.00 or higher six weeks from now). We will plan on selling half of our 2012 calls as well. I am not suggesting new positions at this time. Please note our new stop loss at $19.49.

I want to reiterate that cautious traders will want to strongly consider selling their 2011 calls now. Every decline in EMC between now and expiration will take serious chunks out of the option value.

- 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 $2.35/2.40

- or -

May 6, 2010 - entry price on EMC @ 18.25, option @ 2.50
symbol: EMC 12A20.00 2012 Jan $20 call - current bid/ask $3.90/4.05

12/11/10 New stop loss @ 19.49
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: 19.49
Play Entered on: 05/06/10
Originally listed on the Watch List 03/20/10


Express Scipts - ESRX - close: 54.76

12/11 update: ESRX delivered a quiet week for us. Shares drifted sideways in the $54-55 zone. The stock did close at new all-time highs but gains were limited. If you're looking for a new entry point I would prefer to buy calls on a dip near $52.00. FYI: The P&F chart is bullish with a $80 target (it was $74).

- Current Positions -
Oct 25, 2010 - entry price on ESRX @ 49.30, option @ 4.85
symbol: ESRX1221A55 2012 Jan $55 call - current bid/ask $6.85/7.00

- or -

Oct 25, 2010 - entry price on ESRX @ 49.30, option @ 7.10
symbol: ESRX1319A55 2013 Jan $55 call - current bid/ask $9.65/11.25

12/04/10 new stop @ 47.90
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: 47.90
Play Entered on: 10/25/10
Originally listed on the Watch List 10/16/10


SPDR Gold ETF - GLD - close: 135.41

12/11 update: It was a rocky week for gold. The precious metal actually hit new all-time highs only to reverse lower. The GLD plunged from $139.50 back to $134. Did gold (and the GLD) just produce a bearish double top? We can't tell at this time but it is worrisome. Of course we have to keep an eye on the U.S. dollar. Future dollar weakness should be bullish for gold. If this ETF does see further selling I think we're looking at a pull back toward $130 ler even its 100-dma near $127.50. I'm not suggesting new positions at this time.

FYI: Goldman Sachs is forecasting gold to hit $1,700 an ounce in 2011. We might want to reconsider raising our final exit target. Currently the plan is to exit 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 $16.20/16.80

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


Goldman Sachs - GS - close: 168.47

12/11 update: Financials were the best performing sector last week. This helped fuel GS' rally to $168. The stock is nearing potential resistance in the $170-171 zone. Look for short-term support near $164 and $162 on any pull back. I would consider launching new bullish positions on a dip into the $162-160 area. I am raising our stop loss to $152.75, just under the simple 200-dma.

- Current Positions -
Nov 22, 2010 - entry price on GS @ 160.75, option @ 4.25
symbol: GS1116D180 2011 Apr $180 call - current bid/ask $ 5.40/ 5.55

- or -

Nov 22, 2010 - entry price on GS @ 160.75, option @ 9.40
symbol: GS1221D190 2012 Jan $190 call - current bid/ask $11.15/11.45

12/11/10 New stop loss @ 152.75
11/22/10 GS hit our trigger @ $160.75

Current Target(s): $179.75, 199.50
Current Stop loss: 152.75
Play Entered on: 11/22/10
Originally listed on the Watch List 10/24/10


Humana Inc. - HUM - close: 56.51

12/11 update: We haven't seen a lot of change in HUM. Shares have continued to narrow their consolidation. There is still technical support at the 50-dma but until Friday it looked like HUM might breakdown. Friday saw a brief rally above the bearish trendline of lower highs but the morning strength faded. I am cautious on this stock and I am not suggesting new bullish positions at this time. I am raising our stop loss to $49.75 and more conservative traders may want to raise their stop loss toward the $52 or $54 levels instead.

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 $ 7.60/ 8.80

12/11/10 New stop loss @ 49.75
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: 49.75
Play Entered on: 09/17/10
Originally listed on the Watch List 09/04/10


Intl.Business Machines - IBM - close: 144.82

12/11 update: Hmmm... should we be worried about IBM? Both the NASDAQ and the S&P 500 have rallied to new two-year highs. Yet IBM has spent almost all of December trading in the $143.50-146.00 range. Granted you could argue IBM needs to finish digesting its very impressive September-October gains but the lack of participation in the market's rally is a concern. I remain long-term bullish on IBM but we're not suggesting 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 $ 9.75/ 9.95

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: 69.77

12/11 update: Shares of INFY are holding up pretty well considering the sharp decline in the Indian stock market this past week. After the pop higher on Dec. 7th, INFY spent the week drifting back toward short-term support near $69.00. If the market pull back continues I would look for short-term support near $68-67 for INFY. I am not suggesting new positions at this time.

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 $11.60/12.80

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


Jo-Ann Stores, Inc. - JAS - close: 46.15

12/11 update: JAS spent the week consolidating sideways in the $48-46 range. We can use this dip near $46.00 as an entry point to buy calls again, or if you're patient, we might get a better entry point on a dip toward $45-44. The stock has a bullish trend of higher lows that should intersect with the $44-45 area. Our first target is $54.50 .

- Current Positions -
Dec 2, 2010 - entry price on JAS @ 44.50, option @ 3.75
symbol: JAS1116G50 2011 Jul $50 call - current bid/ask $ 3.70/ 4.00

12/02/10 Play triggered @ $44.50

Current Target(s): $54.50
Current Stop loss: 41.45
Play Entered on: 12/02/10
Originally listed on the Watch List: 11/27/10


US Airways Group, Inc. - LCC - close: 10.93

12/11 update: Airline stocks tumbled on Dec. 7th. Shares of LCC were caught up in the sector-wide sell-off. Fortunately there was not much follow through but shares of LCC still posted a loss for the week. Last week I cautioned readers to look for a dip toward $10.50 and we got it. I would open new bullish positions in the $11.00-10.00 area. Cautious traders might want to wait for LCC to break the short-term trend of lower highs first.

- Current Positions -
Dec 3, 2010 - entry price on LCC @ 11.00, option @ 1.95
symbol: LCC1221A12.5 2012 Jan $12.50 call - current bid/ask $ 1.70/ 1.77

12/03/10 Play triggered @ $11.00

Current Target(s): $14.90
Current Stop loss: 9.49
Play Entered on: 12/03/10
Originally listed on the Watch List: 11/27/10


L-3 Communications - LLL - close: 71.39

12/11 update: LLL's early December strength has faded. Shares are flirting with a breakdown under the 50 and 100-dma. The stock looks headed for the bullish trendline of higher lows in the $70-71 area. I remain cautious on LLL and would not open new positions at this time. More conservative traders may want to consider raising their stop loss closer toward $70.00.

- Current Positions -
Nov 11, 2010 - entry price on LLL @ 71.87, option @ 5.80
symbol: LLL1221A75 2012 Jan $75 call - current bid/ask $ 5.00/ 5.20

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

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: 77.56

12/11 update: MCD displayed some volatility last week. Shares have produced both a bull trap (bearish reversal) pattern. Plus, MCD has produced a breakdown under technical support at the 50-dma. On Dec. 7th MCD broke out past resistance at $80.00 after consolidating sideways in the $77.00-80.00 range for weeks. Unfortunately, the next day MCD reported same-store sales figures and investors were unhappy with the results. Globally, MCD's November same-store sales rose +4.7% but that was a decline from October's +6.5% pace. Volume has been steep on the decline this past week. MCD could be due for a correction. Shares have short-term support at $77.00 and a breakdown at this level would probably herald a drop toward support near $74 (possibly $72). I remain long-term bullish on MCD but we're not suggesting new bullish 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 $4.20/ 4.35

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: 27.34

12/11 update: MSFT continues to drift higher. The $27.50-28.00 zone does look like overhead resistance so I would expect a little correction in MSFT before shares breakout past $28. Wait for a dip near $26 before considering new long-term bullish positions. Please note our new stop loss at $24.40.

- Current Positions -
Oct 18, 2010 - entry price on MSFT @ 25.59, option @ 3.30
symbol: MSFT1221A25 2012 Jan $25 call - current bid/ask $4.10/ 4.20

- or -

Oct 18, 2010 - entry price on MSFT @ 25.59, option @ 2.30
symbol: MSFT1319A30 2013 Jan $30 call - current bid/ask $3.05/ 3.20

12/11/10 New stop loss @ 24.40
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: 24.40
Play Entered on: 10/18/10
Originally listed in New Plays on 10/16/10


Nike Inc. - NKE - close: 87.80

12/11 update: It was a quiet week for NKE. Shares eked out another gain but essentially NKE continues to drift sideways. If the market corrects then we can look for NKE to test support in the $85-84 zone. I want to remind readers that NKE is due to report earnings on December 21st. Holding over earnings can be risky. Given our long-term time frame we will hold over the event. I am not suggesting new long-term bullish positions at this time. Our final target is the $95-100 zone.

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 $7.55/ 7.75

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: 9.81

12/11 update: Two weeks ago we were stopped out of NOK with the drop under $9.50. Shares managed a quick rebound higher. I kept NOK on the newsletter with the expectation we might see another entry point soon. NOK still offers some long-term potential but I'm going to remove it from the play list. We may have to watch it for a few more weeks. Shares have a bullish trend of higher lows off its June bottom but the stock also has a bearish pattern of lower highs.

No Position at this time

11/29/10 Trade Stopped out.

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: 14.95

12/11 update: Investors have a decision to make on NVDA. The SOX semiconductor index has produced an impressive rally but upward momentum in the sector seems to be stalling a little as the SOX nears potential resistance at the 420 level. Meanwhile NVDA has seen its rally stall near resistance at $15.00. The trend for both the SOX index and NVDA is still very bullish but both look overbought and due for some profit taking. Your decision is do you take profits on our 2012 January calls now (currently up +133%) or do you endure what could be a painful pull back since we have a long-term focus and another year to go on our call LEAPS? Keep in mind you could sell now and jump back in on a dip near the $13.00-12.50 area.

Officially the newsletter will keep our position open. I am also raising our long-term exit target to $17.75.

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 $3.95/ 4.10

12/11/10 Decision - Sell now with option up +133% or Stay the course.
12/11/10 New long-term target at $17.75
12/04/10 New stop loss @ 12.25
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

Current Target(s): $12.50 & 15.75
Current Stop loss: 12.25
Play Entered on: 09/13/10
Originally listed in New Plays on 08/28/10


Old Dominion Freight Line Inc. - ODFL - close: 30.96

12/11 update: ODFL rallied to new all-time highs and hit $31.70 last week. The pull back from its high saw light volume, which is normally a good sign. Nothing has changed for us. ODFL continues to look bullish. If the market or the transport sector does see a correction we can look for ODFL to dip toward $29-28, or worse case $26.00. If you're looking for a new entry point I'd prefer to open positions on a dip near $28.00. Plus, if we do see an entry point we now have July calls we can choose from.

FYI: The spreads in the April options are ridiculous. Hopefully these will narrow as we get closer to expiration.

- Current Positions -
Nov 22, 2010 - entry price on ODFL @ 28.42, option @ 1.95
symbol: ODFL1116D30 2011 APR $30 call - current bid/ask $ 2.65/ 3.20

11/22/10 ODFL opens at $28.42

Current Target: $34.75
Current Stop loss: 25.45
Play Entered on: 11/22/10
Originally listed in the New Plays 11/20/10


Transocean Ltd. - RIG - close: 72.23

12/11 update: Oil and oil service stocks spent the week consolidating sideways. RIG did the same although RIG's consolidation had a much more bullish bent to it. The stock set new six-month closing highs. If this sector sees a correction I would look for RIG to find support near $68 and then at $65. We are raising our stop loss to $61.90. Our long-term target is $78.50. I would not open 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 $17.00/18.25

12/11/10 New stop @ 61.90
12/04/10 New stop @ 59.90
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: 61.90
Play Entered on: 06/09/10
Originally listed on the Watch List 06/05/10


WellPoint Inc. - WLP - close: 57.68

12/11 update: This is the second time in two weeks that traders bought the dip in WLP near $55.70. Shares have been bouncing the last three days but volume has been light. I remain somewhat cautious on the stock. We can use the bounce as a new entry point but readers may want to start with small positions.

- Current Positions -
Oct 14th, 2010 - entry price on WLP @ 57.75, option @ $5.25
symbol: WLP1221A65 2012 Jan $65 call - current bid/ask $ 4.35/ 4.55

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: 101.00

12/11 update: The action in WYNN continues to look bearish. The stock has been holding at support near $100 but the trend of lower highs is getting tighter. This would normally suggest WYNN is about to breakdown under support soon but it's not a guarantee. If WYNN does break $100 it will probably be a quick drop toward the next level of support near $95.00. I am adjusting our stop loss from $94.75 down to $93.95. If the $95 level breaks then WYNN will probably test the $90 level and its simple 200-dma. I am not suggesting new positions at this time.

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 $ 8.35/ 8.55

- or -

Nov 19th, 2010 - entry price on WYNN @ 101.33, option @ $16.05
symbol: WYNN1221A112 2012 JAN $112 call - current bid/ask $14.45/14.80

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

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

TASER Intl. - TASR - close: 4.57

12/11 update: Target achieved. It was a big week for TASR. The stock surged on news the company had received five follow-on orders. The stock spiked to $4.92 on Dec. 8th. Our exit target was $4.90.

- Closed Positions -
Buy TASR stock (entry $3.69), Exit @ $4.90 (+32.7%)

12/08/10 Final Target Hit @ $4.90 (+32.7%)
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

Chart:

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