Closed Plays


HUM hit our final exit target.


Play Updates


Arch Coal Inc. - ACI - close: 35.55

04/02 update: Coal stocks continued to climb last week. The KOL coal ETF broke out past resistance to hit new two-year highs. ACI trended higher but seemed to lag its peers. The stock is still struggling to breakout past resistance in the $36-37 zone. Once again the action on Friday looks like a bearish reversal pattern. I am not suggesting new positions at this time. Aggressive traders may want to consider buying a close over $37.00. If ACI were to dip I would look for support near the 50 and 100-dma.

FYI: Earnings for ACI should be coming up in about two weeks (near April 15th).

- Current Positions -
Nov 22, 2010 - entry price on ACI @ 30.15, option @ 3.90
symbol: ACI1221A35 2012 JAN $35 call - current bid/ask $ 5.20/ 5.35

- or -

Nov 22, 2010 - entry price on ACI @ 30.15, option @ 5.15
symbol: ACI1319A35 2013 JAN $35 call - current bid/ask $ 7.90/ 8.40

03/05/11 New stop loss @ 29.75
01/22/11 New stop loss @ 27.75
01/15/11 New stop loss @ 28.90
01/01/11 new stop loss @ 29.75
12/25/10 New stop loss @ 28.75
11/22/10 Play opened. ACI @ $30.15

Current Target: $39.75
Current Stop loss: 29.75
Play Entered on: 11/22/10
Originally listed in the New Plays 11/20/10


AK Steel Holding - AKS - close: 15.88

04/02 update: AKS posted a gain for the week but the action last week is a bit worrisome. AKS broke out higher, past resistance near $16.00 but then reversed on Wednesday and Thursday. Is this a bull-trap pattern? AKS is hovering near a huge cloud of moving averages in the $16-15 zone so this area should offer technical support. A breakdown under $15 or the 200-dma near $14.50 would be very bearish. Given the recent weakness and what might be a reversal lower this past week in AKS I would be hesitant to open new positions.

AKS can be volatile so our plan was to limit our risk by keeping our position size small. Our long-term target is the $25.00 area.

- Current Positions -
Feb 22, 2011 - entry price on AKS @ 16.10, option @ 1.55
symbol: AKS1221A20 2012 JAN $20 call - current bid/ask $ 1.11/ 1.17

- or -

Feb 22, 2011 - entry price on AKS @ 16.10, option @ 2.95
symbol: AKS1319A20 2013 JAN $20 call - current bid/ask $ 2.17/ 2.34

Current Target: $25.00
Current Stop loss: 13.90
Play Entered on: 02/22/11
Originally listed on the Watch List: 12/25/10


Allegheny Technology - ATI - close: 67.32

04/02 update: The rebound in ATI continues. The stock looks headed for the next level of resistance near $70.00 although I would expect another dip into the $66-65 zone first. I'm not suggesting new positions at this time. If ATI fails at $70.00 it would start to look like a potential bearish double top pattern. Please note our new stop loss at $59.00. Our long-term targets are $75 and $85.

- Suggested Positions -
Mar 10, 2011 - entry price on ATI @ 60.78, option @ 6.40
symbol: ATI1221A70 2012 JAN $70 call - current bid/ask $ 8.00/ 8.30

- or -

Mar 10, 2011 - entry price on ATI @ 60.78, option @ 10.20
symbol: ATI1319A70 2013 JAN $70 call - current bid/ask $11.30/15.30

04/02/11 New stop loss @ 59.00

Current Target: $75.00, and $85.00
Current Stop loss: 59.00
Play Entered on: 03/10/11
Originally listed on the Watch List: 02/05/11


BE Aerospace Inc. - BEAV - close: 36.04

04/02 update: The rebound in BEAV has run into what looks like potential resistance in the $36.00 area and the 50 and 100-dma. After the bounce from $33 two weeks ago BEAV might churn sideways in this area, especially if the broader market loses any momentum. I am adjusting our stop loss to $31.95. More conservative traders may want to put their stop closer to the 200-dma. I am not suggesting new positions at this time.

- Current Positions -
Feb 23, 2011 - entry price on BEAV @ 34.00, option @ 2.75
symbol: BEAV1116G35 2011 JUL $35 call - current bid/ask $ 3.10/ 3.40

04/02/11 New stop loss @ 31.95

Current Target: $40.00
Current Stop loss: 31.95
Play Entered on: 02/23/11
Originally listed on the Watch List: 01/22/11


Bristol-Myers Squibb Company - BMY - close: 26.46 04/02 update: After the big spike higher and volatility two weeks ago shares of BMY spent the week fading lower. The stock is testing short-term support near $26.50. Readers can use a dip near $26.50-26.00 as an entry point for new position but you may want to wait for a bounce before initiating positions.

Our long-term targets is $32.00. Investors might want to consider turning this trade into a calendar spread or vertical spread to maximize its potential.

- Suggested Positions -
Mar 14, 2011 - entry price on BMY @ 26.14, option @ 1.13
symbol: BMY1221A27.5 2012 JAN $27.50 call - current bid/ask $ 1.18/ 1.23

- or -

Mar 14, 2011 - entry price on BMY @ 26.14, option @ 1.63
symbol: BMY1319A27.5 2013 JAN $27.50 call - current bid/ask $ 1.85/ 1.96

Current Target: $32.00
Current Stop loss: 24.95
Play Entered on: 03/14/11
Originally listed in the New Plays 03/12/11


Berkshire Hathaway - BRK.B - close: 83.68

04/02 update: It was a relatively quiet week for BRK.B's stock but there were big headlines for Berkshire. David Sokol, an executive at Berkshire and someone many believed might succeed Warren Buffet when he steps down, has resigned from the company. Evidently Sokol purchases shares of Lubrizol (LZ) before he pitched the idea of Berkshire buying the company to Warren Buffet. Berkshire announced plans to buy LZ for $9 billion last week. Big picture this story should have no effect on shares BRK.B. Readers can look to buy another bounce from the $82.00 area near the 200-dma as a potential entry point. More conservative traders may want to raise their stops closer to the $80.00 level. Don't forget that there are 2013 calls available.

- Current Positions -
Oct 29, 2010 - entry price on BRK.B @ 79.00, option @ 5.00
symbol: BRKB1221A90 2012 JAN $90 call - current bid/ask $ 3.30/ 3.50

01/22/11 2011 January calls expired (-100%)
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


Compania de Minas Buenaventura - BVN - close: 42.63

04/02 update: It was a mixed week for mining and resource plays. BVN spent the week consolidating sideways near support. I am growing more cautious on this stock. BVN has developed a bearish trend of lower highs that is competing with the longer-term bullish trend of higher lows. Readers may want to wait for a close over $46.00 or its 100-dma before considering new bullish positions.

Earlier Comments:
I cautioned readers that our entry point at $45 was an aggressive, higher-risk trade. Our plan was to open small (half) positions to limit our risk.

- Current Positions -
Jan 5, 2011 - entry price on BVN @ 45.00, option @ 3.90
symbol: BVN1119F50 2011 JUN $50 call - current bid/ask $ 0.40/ 0.70

01/22: Adjust the stop loss to $38.95
01/05: Play is opened at $45.00 (small positions only)

Current Target: $ 54.75
Current Stop loss: 38.95
Play Entered on: 01/05/11
Originally listed on the Watch List --/--/--


BorgWarner Inc. - BWA - close: 81.03

04/02 update: BWA dipped back toward $76.00 and then sprung higher. Shares tagged a new all-time high on Friday at $81.84. Short-term traders could look to buy dips near $78 but I am not suggesting new bullish positions at this time. At the moment we have a stop loss at $69.75 but I'm looking at moving it higher towards the $72.50-73.00 zone.

Prior Comments:
BWA has been volatile lately so we have a wide (aggressive) stop loss at $69.75. Our targets are optimistic at $88.00 and at $99.00. Keep in mind our plan was to use small positions to limit our risk.

- Current Positions -
Feb 23, 2011 - entry price on BWA @ 74.00, option @ 4.20
symbol: BWA1116G80 2011 JUL $80 call - current bid/ask $ 6.10/ 6.40

Current Target: $88.00, $99.00
Current Stop loss: 69.75
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/05/11


Citigroup, Inc. - C - close: 4.45

04/02 update: Financials have continued to lag behind the rest of the stock market. While it looks like the banking sector may have found a bottom in the last couple of weeks the banks still have a bearish trend of lower highs. Citigroup is no exception. The stock has been churning sideways in the $4.40 area for several days now. I'm still longer-term bullish on Citigroup but readers may want to wait until shares close over the $4.60 level and its 50-dma before initiating new positions. Nimble traders could try and buy a dip near technical support at its 200-dma but honestly, if C hits a new relative low, it may not stop.

FYI: I am still waiting to hear back from the CBOE or the Options Industry Council on how Citigroup's reverse 10-for-1 split will affect our LEAP positions. The reverse split will occur after trading closes on May 6th and C will start trading at the new price on Monday, May 9th.

Readers may want to note that Citigroup is due to report earnings on April 18th.

- Current Positions -
Feb 23, 2011 - entry price on Citigroup stock (C) @ 4.60

- or -

Feb 23, 2011 - entry price on C @ 4.60, option @ $0.48
symbol: C1221A5 2012 JAN $5 call - current bid/ask $ 0.23/ 0.24

- or -

Feb 23, 2011 - entry price on C @ 4.60, option @ $0.85
symbol: C1319A5 2013 JAN $5 call - current bid/ask $ 0.55/ 0.57

Current Target: $6.50, and $7.75
Current Stop loss: 4.19
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/19/11


Canadian Natl. Railway Co. - CNI - close: 75.81

04/02 update: It was a bullish week for CNI. The stock has broken out past resistance at the $75.00 level. If you're still looking for an entry point look for dips in the $75-74 area. I am raising our stop loss to $69.00. Our long-term target is $89.00.

- Suggested Positions -
Feb 28, 2011 - entry price on CNI @ 72.39, option @ 2.90
symbol: CNI1221A80 2012 JAN $80 call - current bid/ask $ 3.60/ 4.00

04/02/11 New stop loss @ 69.00

Current Target: $89.00
Current Stop loss: 67.00
Play Entered on: 02/28/11
Originally listed in the New Plays 02/26/11


Walt Disney Co. - DIS - close: 42.85

04/02 update: DIS did not make much progress last week. Shares churned sideways on either side of $43.00. Some of the technical indicators are suggesting that DIS will correct lower again soon. We should probably expect another pull back toward support near $40.00. I am not suggesting new positions at this time.

- Current Positions -
Oct 27, 2010 - entry price on DIS @ 35.60, option @ 2.23
symbol: DIS1221A40 2012 JAN $40 call - current bid/ask $ 5.40/ 5.55

- or -

Oct 27, 2010 - entry price on DIS @ 35.60, option @ 3.63
symbol: DIS1319A40 2013 JAN $40 call - current bid/ask $ 7.35/ 7.60

02/12/11 New stop loss @ 37.85
02/09/11 1st Target Hit. Options @ +137% and +103%
02/05/11 New stop loss @ 35.75
01/08/11 New stop loss @ 34.95
01/08/11 Target changed to $43.00 and $46.00
10/27/10 Play opened, DIS opened @ $35.60

Current Target(s): $43.00, 49.00
Current Stop loss: 37.85
Play Entered on: 10/27/10
Originally listed on the Watch List 10/24/10


Brinker International - EAT - close: 25.43

04/02 update: EAT delivered a nice performance last week but shares are now approaching likely resistance at its early March highs near $25.50. We do not want to open new positions at this time. Don't be surprised to see EAT pull back a little bit toward the 40 or 50-dma soon. I am adjusting our stop loss to $22.90. More conservative traders may want to consider a stop closer to $24.00 instead. Our exit target is $29.50.

- Current Positions -
Feb 23, 2011 - entry price on EAT @ 22.50, option @ $ 1.10
symbol: EAT1116G25 2011 JUL $25 call - current bid/ask $ 1.85/ 2.05

04/02/11 New stop @ 22.90
03/26/11 New stop @ $21.95

Current Target: $29.50
Current Stop loss: 22.90
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/12/11


Ford Motor Co - F - close: 15.01

04/02 update: Ford reported some very positive March sales numbers with a +19% jump from last year. This news helped fuel a rise to new one-month highs but the rally stalled at F's 50-dma. I remain bullish on Ford and would still consider new positions now but we might get a better entry point on a dip in the $14.80 area.

Our long-term exit targets are $19.75 and $24.00.

- Suggested Positions -
Feb 28, 2011 - entry price on F @ 15.29, option @ 2.17
symbol: F1221A15 2012 JAN $15 call - current bid/ask $ 1.89/ 1.96

- or -

Feb 28, 2011 - entry price on F @ 15.29, option @ 1.50
symbol: F1319A20 2013 JAN $20 call - current bid/ask $ 1.32/ 1.40

03/26/11 New stop loss @ $12.95

Current Target: $19.75, and $24.00
Current Stop loss: 12.95
Play Entered on: 02/28/11
Originally listed in the New Plays 02/26/11


Fiserv, Inc. - FISV - close: 62.88

04/02 update: The rebound in FISV continues. The stock has been going almost straight up for two and a half weeks. I would expect FISV to pause or reverse near resistance in the $63-64 area. The bounce is encouraging but shares look short-term overbought and probably need to consolidate sideways for a while.

- Suggested Positions -
Feb 14, 2011 - entry price on FISV @ 62.30, option @ 3.20
symbol: FISV1117I65 2011 SEP $65 call - current bid/ask $ 2.70/ 3.00

Current Target: $74.75
Current Stop loss: 57.50
Play Entered on: 02/14/11
Originally listed on the Watch List: 01/29/11
Originally listed in the New Plays 02/12/11


SPDR Gold ETF - GLD - close: 139.20

04/02 update: Gold spent the last few days consolidating sideways and the GLD closed virtually unchanged for the week. Depending on who you listen to gold is either going to rally to $5,000 an ounce or is due for a massive sell-off any day now. Odds are that the unrest in the Middle East and Africa is not going away any time soon. The debt challenges for Europe and the U.S. will be here for a long time as well. Both of these are bullish for gold. Yet it looks like the U.S. dollar, which fell to new relative lows two weeks ago might be finding a bottom. At the moment the trend in the dollar is still down but that could change as we get closer to the end of QE2. If the dollar sees a significant bounce it could be bearish for gold.

I am not suggesting new long-term bullish positions at this time. However, short-term traders might want to consider buying a breakout in the GLD past the $141.50 level. Right now our final target is the $149.00 mark but readers may want to consider upping their long-term target toward the $160 area.

Prior comments:
Our April put, which we bought as a hedge against a sudden drop in gold, will probably expire worthless. Currently our final long-term bullish target is $149.00.

FYI: A few months ago Goldman Sachs raised their 2011 price target on gold to $1,700 an ounce. Another firm raised their 2011 price target to $1,600 an ounce.

- Current Positions -
Aug 6, 2010 - entry price on GLD @ 118.00, option @ 10.75
symbol: GLD1221A130 2012 Jan $130 call - current bid/ask $14.45/15.00

- Short Term Put -

Jan 18, 2011 - entry price on GLD @ 133.63, option @ 1.70
symbol: GLD1116P125 2011 APR $125 PUT - current bid/ask $ 0.03/ 0.06

02/26/11 New stop loss @ 127.00
01/18/11 GLD opened at $133.63. April $125 put opened at $1.70
01/15/11 Added April Puts to protect ourselves from further declines.
01/08/11 Expecting a correction toward $125
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: 127.00
Play Entered on: 08/06/10
Originally listed on the Watch List 06/05/10


Goodyear Tire - GT - close: 15.22

04/02 update: GT continues to build on its bullish trend of higher lows and the stock looks ready to breakout past $15.50 soon. Readers can still buy dips in the $14.50-14.00 zone. Our long-term target is $18.50.

- Current Positions -
Feb 23, 2011 - entry price on GT @ 13.50, option @ 1.90
symbol: GT1221A15 2012 JAN $15 call - current bid/ask $ 2.55/ 2.65

- or -

Feb 23, 2011 - entry price on GT @ 13.50, option @ 2.90
symbol: GT1319A15 2013 JAN $15 call - current bid/ask $ 3.70/ 4.00

03/26/11 New stop loss @ 12.75

Current Target: $18.50
Current Stop loss: 12.75
Play Entered on: 02/23/11
Originally listed on the Watch List: 02/19/11


KeyCorp - KEY - close: 8.95

04/02 update: Banks have been underperforming the market for several weeks now but it looks like KEY may have found a bottom at its 200-dma in March. The current bounce is testing resistance near $9.00 and its 50-dma. I would not be surprised to see KEY retest support near $8.50 and its 200-dma again and if the stock does see another dip near support we can use it as another entry point. A breakout past the 50-dma (currently $9.10) could be seen as an alternative entry point. FYI: KEY is due to report earnings on April 18th.

Prior Comments:
We have a stop loss at $7.85. More conservative traders may want a stop closer to the 200-dma or the $8.25 level instead. Our long-term targets are $12 and $14.

- Current Positions -
Mar 17, 2011 - entry price on KEY @ 8.60, option @ 0.87
symbol: KEY1221A10 2012 JAN $10 call - current bid/ask $ 0.66/ 0.69

- or -

Mar 17, 2011 - entry price on KEY @ 8.60, option @ 1.35
symbol: KEY1319A10 2013 JAN $10 call - current bid/ask $ 1.11/ 1.36

Current Target(s): $12.00, 14.00
Current Stop loss: 7.85
Play Entered on: 03/17/11
Originally listed on the Watch List: 02/26/11


L-3 Communications - LLL - close: 79.10

04/02 update: We are not seeing a lot of progress in LLL. Shares have been consolidating sideways for a couple of months. LLL is starting to see a slightly bearish trend of lower highs. LLL could be headed for a retest of support near $76-75. I am not suggesting new positions at this time. Our final target is $89.00.

- Current Positions -
Nov 11, 2010 - entry price on LLL @ 71.87, option @ 5.80
symbol: LLL1221A75 2012 Jan $75 call - current bid/ask $ 8.20/ 8.40

03/26/11 New stop loss @ 74.75
02/12/11 New stop loss @ 73.75
02/05/11 There was no follow through lower.
01/29/11 LLL is correcting lower!
01/08/11 Take Profits Early. LLL @ 78.23. Option @ $8.50 (+46.5%)
01/08/11 New stop loss @ 69.90
11/11/10 Play triggered with LLL's gap open @ 71.87

Current Target(s): $79.50, 89.00
Current Stop loss: 73.75
Play Entered on: 11/11/10
Originally listed on the Watch List 11/06/10


MEDNAX Inc. - MD - close: 68.48

04/02 update: The last couple of days have shown big improvement in MD and shares closed at new two-month highs. The stock looks headed for its January resistance near $70.00. Our target to exit is $69.50. More aggressive traders may want to aim higher. A breakout past $70.00 would be very bullish.

Prior Comments:
MD doesn't have LEAPS so we had to settle for 2011 August calls. NOTE: Keep your position size small. The options on MD wide spreads, which puts us at a disadvantage!

- Current Positions -
Feb 03, 2011 - entry price on MD @ 60.33, option @ 3.60
symbol: MD1120H65 2011 AUG $65 call - current bid/ask $ 5.90/ 6.90

03/05 New stop loss @ 62.40
02/19 New stop loss @ 59.75
02/03 Trade triggered at $61.00, Option @ $3.60

Current Target(s): $69.50
Current Stop loss: 59.75
Play Entered on: 02/03/11
Originally listed on the Watch List 01/22/11


Monsanto Co. - MON - close: 73.17

04/02 update: It was a bullish week for MON with the stock breaking out above its two-month trend of lower highs. I want to warn you that this week could be volatile. MON is due to report earnings on April 6th before the opening bell. Wall Street is looking for a profit of $1.85 a share. I am not suggesting new positions in front of the earnings report. We'll re-evaluate next weekend.

Prior Comments:
Our plan was to keep our position size small to limit our risk since MON can be so volatile at times. Our long-term targets are the $85-90 zone.

- Current (SMALL) Positions -
Mar 15, 2011 - entry price on MON @ 65.50, option @ 6.75
symbol: MON1221A70 2012 JAN $70 call - current bid/ask $ 9.70/ 9.90

- or -

Mar 15, 2011 - entry price on MON @ 65.50, option @ 8.75
symbol: MON1319A75 2013 JAN $75 call - current bid/ask $ 8.80/11.50

Current Target(s): $85.00
Current Stop loss: 59.90
Play Entered on: 03/15/11
Originally listed on the Watch List: 01/08/11


PACCAR Inc. - PCAR - close: 53.44

04/02 update: PCAR is performing much better than expected. Shares are up four days in a row and have broken through several layers of resistance. I wouldn't chase it here. Wait for a dip back toward the $52-51 area and consider buying calls then.

Hmm... I can't explain why the 2013 call LEAP is not performing better. It could be a lack of volume and prices have yet to respond to PCAR's rally.

If looks like PCAR must have had some sort of special dividend to create these odd strike prices. Instead of a normal $55.00 strike price PCAR has $54.70 strikes.

- Current (SMALL) Positions -
Mar 21, 2011 - entry price on PCAR @ 50.75, option @ 3.70
PCAR1221A54.7 2012 JAN $54.70 call - current bid/ask $ 4.70/ 5.00

- or -

Mar 21, 2011 - entry price on PCAR @ 50.75, option @ 8.00
PCAR1319A54.7 2013 JAN $54.70 call - current bid/ask $ 7.20/ 8.50

Current Target(s): $58.00, 64.00
Current Stop loss: 44.95
Play Entered on: 03/21/11
Originally listed on the Watch List: 03/19/11


Scotts Miracle Grow Co. - SMG - close: 58.40

04/02 update: It turned out to be a quiet week for SMG. Shares hovered sideways at new highs near $58. I would still consider new positions right here but the stock market looks a little bit overbought here. Readers may want to wait for a dip near $57-55 before initiating new positions. We want to keep our position size small to limit our risk. SMG doesn't have LEAPS so we'll have to buy September calls. Our target is the $65-70 zone.

- Current (SMALL) Positions -
Mar 25, 2011 - entry price on SMG @ 58.00, option @ 3.00
SMG1117I60 2011 SEP $60 call - current bid/ask $ 2.75/ 3.00

Current Target(s): $65.00-70.00
Current Stop loss: 53.75
Play Entered on: 03/25/11
Originally listed on the Watch List: 03/05/11


Teva Pharmaceuticals - TEVA - close: 50.54

04/02 update: TEVA did not make any progress last week. The stock has been consolidating sideways near the $50 level. I remain longer-term bullish on TEVA but readers may want to wait on new positions. The stock has a lot of technical resistance in the $51-52 area. You could wait for another dip near $48.50 or wait for a breakout past $52.50 as alternative entry points. We wanted to keep our position size small to limit our risk.

- Current Positions -
Mar 11, 2011 - entry price on TEVA @ 49.00, option @ 2.40
symbol: TEVA1221A55 2012 JAN $55 call - current bid/ask $ 2.38/ 2.45

- or -

Mar 11, 2011 - entry price on TEVA @ 49.00, option @ 3.35
symbol: TEVA1319A60 2013 JAN $60 call - current bid/ask $ 3.20/ 3.50

03/19 New stop loss at $45.90

Current Target(s): $56.00 & 62.50
Current Stop loss: 45.90
Play Entered on: 03/11/11
Originally listed on the Watch List: 01/29/11


U S G Corp. - USG - close: 16.60

04/02 update: Unfortunately little has changed for USG. The stock has not participated in the market's rebound higher. Shares remain under resistance near $17 and its 50-dma. The recent action does not inspire confidence. I am not suggesting new positions at this time.

- Current Positions -
Dec 20, 2010 - entry price on USG @ 15.25, option @ 1.50*
symbol: USG1221A20 2012 Jan $20 call - current bid/ask $ 1.45/ 1.60

- or -

Dec 20, 2010 - entry price on USG @ 15.25, option @ 3.00
symbol: USG1319A20 2013 Jan $20 call - current bid/ask $ 2.60/ 3.20

02/12/11 Take Profits (sell half) Options @ +93.3%, +50%
02/12/11 New stop loss @ 15.45
12/20/10 Play triggered at $15.25
*entry price is an estimate.

Current Target(s): $--.--, 2nd target: 24.75
Current Stop loss: 15.45
Play Entered on: 12/20/10
Originally listed on the Watch List: 12/11/10


CLOSED Plays


Humana Inc. - HUM - close: 69.99

04/02 update: Target achieved. Healthcare stocks continued to rally. Shares of HUM accelerated higher with a run toward the $70.00 mark. HUM hit our final target to exit at $69.00 on Thursday.

- Current (half) Positions -
Sep 17, 2010 - entry price on HUM @ 50.50, option @ 6.40
symbol: HUM1221A55 2012 Jan $55 call - Exit near $15.50 (+142.1%)

03/31/11 Final Target Hit @ $69.00. Option @ +142.1%
03/19/11 new stop loss @ 58.49
02/26/11 New stop loss @ 55.90
02/12/11 Exit half of our 2012 calls now, bid $8.40 (+31.2%)
02/12/11 New stop loss @ 51.75
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.

Chart of HUM:

Current Target(s): $69.00
Current Stop loss: 55.90
Play Entered on: 09/17/10
Originally listed on the Watch List 09/04/10