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Call Updates

Cameron - CAM - close: 91.73 chg: -0.12 stop: 89.90

CAM did not see much change from yesterday. The stock continues to see support near $90 and its rising 100-dma. While we are suggesting call options here more conservative traders may want to wait for a bounce over $93.00 first. Our target is the $99.00-100.00 range. More aggressive traders could aim for $105 but the stock does have pretty clear resistance near $100. Since we're fighting the "trend" in the technical picture we're going to list this as an aggressive, higher-risk play. FYI: CAM is due to split 2-for-1 on December 31st, 2007.

Picked on December 18 at $ 91.85
Change since picked: - 0.12
Earnings Date 01/31/08 (unconfirmed)
Average Daily Volume = 2.1 million

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China Security - CSR - close: 22.26 change: +0.14 stop: 19.99

CSR spent the session churning sideways. We don't see any changes from our previous comments. This is an aggressive play due to the stock's volatility. We're using a very wide stop loss at $19.99. More conservative traders may want to use a stop closer to $21.00. We have two targets. Our first target is the $26.00 level. Our second target is the $29.00 level. The P&F chart is bullish with a $34 target.

Picked on December 16 at $ 23.25
Change since picked: - 0.99
Earnings Date 01/24/08 (unconfirmed)
Average Daily Volume = 525 thousand

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Energen - EGN - close: 65.59 change: +0.27 stop: 62.75

EGN continued to bounce following yesterday's reversal. Unfortunately, the stock ran into trouble near $65.80 intraday. Look for a move over $66 or a dip and bounce in the $64-65 zone as a new entry point. Our target is the $69.50-70.00 range. We're suggesting a stop under the 50-dma. The P&F chart is bullish with a $74 target.

Picked on December 18 at $ 65.32
Change since picked: + 0.27
Earnings Date 01/24/08 (unconfirmed)
Average Daily Volume = 700 thousand

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Energizer - ENR - close: 114.94 chg: +0.37 stop: 109.95

ENR is trying to bounce but ran into resistance near its 10-dma. More conservative traders may want to raise their stop toward $112.50. Our target has been the $119.00-120.00 range and shares hit $118.88 on Wednesday last week. FYI: The P&F chart has a very bullish pattern called a bullish triangle breakout and it is forecasting a $157 target.

Picked on November 26 at $112.75 *triggered
Change since picked: + 2.19
Earnings Date 01/28/08 (unconfirmed)
Average Daily Volume = 511 thousand

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Holly Corp. - HOC - close: 51.27 change: +0.14 stop: 44.95

HOC failed to make any progress today. The stock was stuck churning sideways. Look for another dip near $50.00 as a new entry point for bullish positions. More conservative traders could raise their stop losses toward $48.00. Our target on HOC is the $54.75-55.00 range.

Picked on December 03 at $ 50.58 *bad tick/gap open
Change since picked: + 0.69
Earnings Date 02/12/08 (unconfirmed)
Average Daily Volume = 859 thousand

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Hologic - HOLX - close: 67.52 chg: +1.30 stop: 63.75

HOLX is off to a strong start. The stock added close to 2% and broke out past its late November highs. We don't see any changes from our previous comments. We're listing two targets. Our conservative target is the $69.50-70.00 range. Our more aggressive target is the $74.00-75.00 range.

Picked on December 18 at $ 66.22
Change since picked: + 1.30
Earnings Date 01/30/08 (unconfirmed)
Average Daily Volume = 2.8 million

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Noble Energy - NBL - close: 77.97 chg: +0.67 stop: 74.75

We did not have to wait very long for NBL to hit our trigger and open the play. The stock broke out over resistance at $78.00 on an intraday basis and hit our trigger at $78.25. The intraday high was $78.63. Wait for another move over $78.25 to launch positions again. More nimble traders could try buying a dip near its rising 10-dma. Our target is the $84.50-85.00 range. The P&F chart is bullish with an $86 target.

Picked on December 19 at $ 78.25
Change since picked: - 0.28
Earnings Date 02/26/08 (unconfirmed)
Average Daily Volume = 1.5 million
 

Put Updates

Amazon.com - AMZN - cls: 89.38 chg: +2.49 stop: 92.55

We cautioned readers that AMZN's bounce could bring it back toward $90.00. The stock is now challenging what should be resistance at $90.00 and its 10-dma near $90.60. A failed rally near $90.00 can be used as a new bearish entry point to buy puts. AMZN has already hit our initial target in the $85.25-85.00 range. Currently we're aiming for the $81.50-80.00 zone. The P&F chart is bearish with a $74 target.

Picked on December 16 at $ 89.08
Change since picked: + 0.30
Earnings Date 01/31/08 (unconfirmed)
Average Daily Volume = 8.8 million

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Boeing - BA - close: 86.62 change: -0.55 stop: 93.26

BA continues to under perform. The stock is drifting lower under a pattern of lower highs. We're not suggesting new positions at this time. We have two targets. Our first target is the $85.55-85.00 range. Our second target is the $81.50-80.00 zone. The P&F chart is bearish with a $75 target.

Picked on December 04 at $ 91.43 *triggered/gap down
Change since picked: - 4.81
Earnings Date 01/31/08 (unconfirmed)
Average Daily Volume = 7.0 million

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Genentech - DNA - close: 67.33 chg: +0.04 stop: 70.85

DNA spent most of the session trading sideways in a very tight range. Overall we don't see any changes from our previous comments. A failed rally in the $68.50-70.00 zone can be used as a new entry point for puts. Our target is the $62.50-60.00 range. The main hurdle for the bears is support near $65.50. More conservative traders could do some profit taking near $65.00.

Picked on December 16 at $ 68.43
Change since picked: - 1.10
Earnings Date 01/10/08 (unconfirmed)
Average Daily Volume = 4.3 million

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Garmin - GRMN - close: 96.96 chg: +2.61 stop: 107.25

After yesterday's sharp decline an oversold bounce today is not a surprise. We're not suggesting new positions at this time. GRMN has already exceeded our first target in the $96.00-95.00 range. We're currently aiming for the $91.00-90.00 zone. More conservative traders may want to lower their stop.

Picked on December 11 at $104.78
Change since picked: - 7.82
Earnings Date 02/14/08 (unconfirmed)
Average Daily Volume = 6.2 million

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Sears Holding - SHLD - cls: 104.83 chg: -0.86 stop: 115.05

SHLD closed in the red again but for the most part the day was a non-event. SHLD spent the session trading sideways. We have two targets. Our first target is the $100.50-100.00 range. Our second more-aggressive target is the $92.50-90.00 zone. The P&F chart is bearish with a $78 target.

Picked on December 11 at $110.28
Change since picked: - 5.45
Earnings Date 10/27/07 (unconfirmed)
Average Daily Volume = 3.3 million

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Shire Plc - SHPGY - close: 67.71 change: +0.10 stop: 73.51

There is still no change from our previous comments on SHPGY. Resistance near $68.00 is holding. A failed rally near $70.00 would be our preferred entry point to buy puts again. Our initial target is the $65.25-65.00 range although we're considering a more aggressive target in the $62-60 region. FYI: Any time we play a biotech or even a drug stock we're dealing with a higher-risk situation. We are at risk that some FDA decision or some clinical trial news could send the stock gapping one direction or the other.

Picked on December 13 at $ 68.07 *triggered/gap down entry
Change since picked: - 0.36
Earnings Date 02/00/08 (unconfirmed)
Average Daily Volume = 956 thousand
 

Strangle Updates

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Dropped Calls

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Dropped Puts

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Dropped Strangles

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