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Call Updates

Amer. Intl Group - AIG - close: 54.85 chg: -0.24 stop: 52.95

No change from our previous update on 06/05/05. We are still looking for AIG to dip toward the $54.00 level before continuing higher.

Picked on May 26 at $ 55.05
Change since picked: - 0.20
Earnings Date 02/09/05 (confirmed)
Average Daily Volume = 15.5 million

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Caterpillar - CAT - close: 94.15 chg: +0.18 stop: 89.99

No change from our update on 06/05/05. We would watch for CAT to pull back toward the $92 level.

Picked on May 18 at $ 92.35
Change since picked: + 1.80
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.8 million

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Career Education - CECO - close: 35.45 chg: +0.63 stop: 32.45

No change from our previous update on 06/05/05. CECO remains stuck in its trading range between $34.00 and $35.50.

Picked on May 23 at $ 35.24
Change since picked: + 0.21
Earnings Date 05/02/05 (confirmed)
Average Daily Volume = 2.5 million

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Rockwell Collins - COL - close: 48.96 chg: -0.26 stop: 44.95

No change from our previous update on 06/05/05. COL's momentum is starting to stall and its MACD is very close to producing a new sell signal. We are suggesting a trigger to go long the stock on a pull back toward the 100-dma. Currently we're suggesting a bullish entry in the $46.25-45.50 range.

Picked on May xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 04/27/05 (confirmed)
Average Daily Volume = 800 thousand

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Reynolds American - RAI - cls: 82.97 chg: +0.30 stop: 78.75

No change from our previous update on 06/05/05. RAI continues to trade under resistance in the $83.40 region.

Picked on May 16 at $ 81.31
Change since picked: + 1.66
Earnings Date 04/27/05 (confirmed)
Average Daily Volume = 866 thousand

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Teekay Shipping - TK - close: 44.40 chg: +0.19 stop: 42.45

Almost open. TK is still trading above its 200-dma but remains under what looks like resistance at the $45.00 mark and its 100-dma. We are suggesting that readers use a trigger at $45.05 to open the play.

Picked on June xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 07/20/05 (unconfirmed)
Average Daily Volume = 681 thousand

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United Technologies - UTX - cls: 106.95 chg: +0.70 stop: 102.45

No change from our previous update on 06/05/05.

Picked on May 23 at $106.25
Change since picked: + 0.70
Earnings Date 04/20/05 (confirmed)
Average Daily Volume = 2.0 million

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Wellpoint Inc - WLP - close: 67.80 chg: -0.60 stop: 64.90

No change from our previous update on 06/05/05.

Picked on June 05 at $ 68.40
Change since picked: - 0.60
Earnings Date 07/27/05 (unconfirmed)
Average Daily Volume = 3.5 million
 

Put Updates

MedcoHealth Sol. - MHS - close: 50.69 change: +0.35 stop: 52.21

Uh-oh! MHS did it again. The stock dipped intraday below our suggested entry point to buy puts and then rebounded again back above the $50.00 level. The fist time our suggested entry was a move under $49.90. The second time was a decline under $49.50. We remain bearish on the stock given its broken up trend but this oscillation between $49 and $51 is testing our patience. We would not consider new bearish positions with MHS trading above the $50 level.

Picked on June 01 at $ 49.90
Change since picked: + 0.79
Earnings Date 07/26/05 (unconfirmed)
Average Daily Volume = 2.0 million
 

Dropped Calls

None
 

Dropped Puts

United Thera. - UTHR - close: 47.95 chg: -1.18 stop: 51.26

Target achieved. UTHR lost another 2.4 percent on above average volume to break down below the recent lows and trade into our target range of $48.25-47.50. The move was partially fueled by a press release from Pfizer today. PFE announced that the FDA has approved a new pill for PAH or pulmonary arterial hypertension. This new pill from PFE will compete with several other available therapies on the market and one of them is an injected treatment made by UTHR. We are closing the play at $48.25. We would not hold on to bearish positions as UTHR is nearing what looks like heavy support near $47.50, which is also bolstered by its simple 100-dma.

Picked on May 24 at $ 53.38
Change since picked: - 5.43
Earnings Date 05/03/05 (confirmed)
Average Daily Volume = 452 thousand
 

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