Option Investor
Play Updates

In Play Updates and Reviews

Printer friendly version

Call Updates

Las Vegas Sands - LVS - close: 39.00 chg: -1.30 stop: 36.99

Ouch! The market weakness today sparked a round of profit taking in LVS and the stock lost 3.2 percent. The drop back under the $40.00 level and its 100-dma and exponential 200-dma is technically bad news. We would watch for a rebound from the $38.00 or $38.50 levels as a potential bullish entry point. However, readers should keep in mind that the broader market indices look poised for further losses and this could exaggerate any downward consolidation in LVS.

Picked on July 21 at $ 40.31
Change since picked: - 1.31
Earnings Date 08/03/05 (confirmed)
Average Daily Volume = 934 thousand


Pediatrix Med Group - PDX - cls: 77.73 chg: -0.18 stop: 74.25

PDX continues to inch higher with its slow and steady pace. The stock hit another all-time high today at $78.54. Shares did lose their early gains and we would be prepared for a dip back toward the simple 10-dma near $76.85. Our target is the $80-82 range.

Picked on July 11 at $ 76.10
Change since picked: + 1.63
Earnings Date 08/03/05 (unconfirmed)
Average Daily Volume = 158 thousand

Put Updates

Infosys Tech. - INFY - cls: 71.54 chg: -0.66 stop: 75.01

Good news! The rally in INFY stalled at $72.60 and today's decline back under its simple 50-dma might be used as a new bearish entry point. More conservative traders may want to wait for a little more confirmation before buying puts. We do notice that after a day of churning sideways between $72.00 and $72.50 shares of INFY finally broke down in the last 30 minutes of trading. Our target is the $62-60 range.

Picked on July 20 at $ 69.92
Change since picked: + 1.62
Earnings Date 07/12/05 (confirmed)
Average Daily Volume = 922 thousand


Lehman Brothers - LEH - cls: 106.03 chg: -0.97 stop: 108.01

The market weakness managed to stall the rally in LEH today so our very speculative put play remains alive for now. We see no changes from our weekend update.

Picked on July 21 at $105.13
Change since picked: + 0.90
Earnings Date 06/14/05 (confirmed)
Average Daily Volume = 2.7 million


3M Co. - MMM - close: 74.17 change: -0.54 stop: 77.51

No change from our previous update. MMM continues to look weak. News that MMM has purchased Mercury Online Solutions did not appear to affect the stock price of MMM. Our target is the $70.00-68.00 range.

Annotated Chart:
Picked on July 19 at $ 74.29
Change since picked: - 0.12
Earnings Date 07/18/05 (confirmed)
Average Daily Volume = 3.4 million


Children's Place - PLCE - cls: 46.61 chg: -0.03 stop: 47.51

PLCE is trying really hard to rally but the bulls are struggling with the stock's six-week trend of lower highs. The rally today stalled under the $48.00 level near its simple 50-dma. We are currently still on the sidelines waiting for PLCE to breakdown under the $45.00 level and produce a new P&F chart sell signal. Our suggested entry point is $44.90.

Picked on July xx at $ xx.xx <-- see TRIGGER
Change since picked: + 0.00
Earnings Date 08/11/05 (unconfirmed)
Average Daily Volume = 775 thousand

Dropped Calls

Reynolds American - RAI - close: 84.12 chg: +0.20 stop: 79.99

Target achieved. RAI spent most of the day trading sideways in a 45-cent range but this was after its spike to $84.42. Our target is the $84.00-85.00 range so we are closing the play. Don't forget that RAI is due to report earnings on July 27th. We would not hold over the report.

Picked on July 10 at $ 78.83
Change since picked: + 5.29
Earnings Date 07/27/05 (confirmed)
Average Daily Volume = 664 thousand

Dropped Puts


Play Update Archives