Editor's Note:

Our bullish play on GS hit a profit target today. That's about all the excitement there was for the entire session. Just about everything else was frozen sideways.

-James

Current Portfolio:


CALL Play Updates

Amazon.com Inc. - AMZN - close: 181.09 change: -1.05

Stop Loss: 176.45
Target(s): 189.50, 199.00
Current Option Gain/Loss: -22.9%, and -11.6%
Time Frame: 4 to 6 weeks
New Positions: See below

Comments:
12/28 update: It was a mediocre day for stocks and AMZN spent the session bouncing along the $181.00 level. Shares look poised to slip toward $180 and possibly the $178 area. I would still consider new positions here but you could wait for a dip closer to $180. Cautious traders could wait for a bounce instead.

We want to keep our position size small. AMZN can be a volatile stock. Our upside targets are $189.50 and $199.00.

- Suggested (SMALL) positions -

Long the 2011 January $190 calls (AMZN1122A190) Entry @ $2.35

- or -

Long the 2011 February $200 calls (AMZN1119B200) Entry @ $3.85

Entry on December 28th at $182.10
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume = 5.0 million
Listed on December 27th, 2010


Boeing Co. - BA - close: 64.86 change: +0.11

Stop Loss: 62.75
Target(s): 69.00, 72.25
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: Today looked a lot like yesterday. BA was down early this morning but rallied back toward resistance near $65.00. I'm suggesting a trigger to buy calls at $65.50. We'll use a stop loss under this past week's low at $62.75. There is additional resistance at the 200-dma near the $67 level. We should consider this a higher-risk aggressive trade. Keep your position size small. Our first target is $69.00. Our second target is $72.25.

Trigger @ 65.50

- Suggested Positions -

Buy the 2011 January 67.50 calls (BA1122a67.5) current ask $0.64

Buy the 2011 February $70.00 calls (BA1119B70) current ask $0.77

Entry on December xxth at $ xx.xx
Earnings Date 01/26/11 (unconfirmed)
Average Daily Volume = 5.3 million
Listed on December 25th, 2010


Baxter Intl. Inc. - BAX - close: 51.09 change: +0.14

Stop Loss: 49.90
Target(s): 55.50, 57.50
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: There is no change from my previous comments on BAX. I am suggesting a trigger to buy calls at $52.55. If triggered our first target is $55.75. Our second target is $57.50. I would consider this a higher-risk trade. If you look at the weekly chart of BAX you can draw a trendline across the long-term highs and the trend is lower. BAX could see additional resistance near $55.00. Keep your position size small.

Trigger @ 52.55

- Suggested Positions -

Buy the 2011 February $55 calls (BAX1119B55)

Entry on December xxth at $ xx.xx
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume = 3.3 million
Listed on December 25th, 2010


Cummins Inc. - CMI - close: 110.06 change: +0.24

Stop Loss: 108.75
Target(s): 112.75 114.75
Current Option Gain/Loss: - 6.2% and - 6.9%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: The action in CMI today looks like a mirror of Monday's trade. Down in the morning, a bounce near $108.90, a rallied back in the afternoon. CMI tagged short-term resistance near $110.50 late in the day. Readers may want to wait for a move over $110.50 before initiating new positions or you could try and buy a dip near $109.00, especially since we have a tight stop at $108.75. This remains an aggressive entry point and I'm only suggesting small positions. The low today was $108.87. Yesterday's was $108.88.

(small positions only to limit our risk)

- Suggested Positions -
Buy the 2011 January $115 calls (CMI1122A115) Entry @ $1.12

- or -

Buy the 2011 March $115 calls (CMI1119C115) Entry @ $4.73

12/27: CMI opens at $110.18
12/25: Buy calls now at current levels (small positions)
12/21: New entry point @ $110.25, New stop @ 108.75, New option strikes.

Entry on December 27th at $110.18
Earnings Date 02/02/11 (unconfirmed)
Average Daily Volume = 1.8 million
Listed on December 11th, 2010


CSX Corp. - CSX - close: 64.32 change: +0.11

Stop Loss: 61.75
Target(s): 67.00, 69.50
Current Option Gain/Loss: -21.1% and -11.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: CSX did not see a lot of movement. Traders bought the dip near $64 this morning. CSX acts like it's ready to breakout higher. More aggressive traders could buy calls now. Or you could wait for CSX to hit a new relative high (over 64.80) before initiating positions. If you do open new positions I would buy the February (or longer) calls.

- Current Positions - (We only have a small position open)

Buy the 2011 January $65 calls (CSX1122A65) Entry @ $1.75

- or -

Buy the 2011 February $65 calls (CSX1119B65) Entry @ $2.49

12/25: new stop loss @ 61.75
12/13: CSX opened at $64.39
12/11: New Entry Point Strategy. Buy half now.
12/11: New targets: 67.00, 69.50
12/02: New trigger @ 62.50.
12/01: New trigger @ 62.25, New stop @ 59.90, New targets.

Entry on December 13th at $64.39
Earnings Date 01/18/11 (unconfirmed)
Average Daily Volume = 5.9 million
Listed on November 23rd, 2010


CenturyLink, Inc. - CTL - close: 46.09 change: -0.31

Stop Loss: 43.75
Target(s): 44.90, 48.00
Current Option Gain/Loss: +600.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: Uh-oh! Something happened in the last 20 minutes of trading that sent CTL plunging. Granted I'm only talking about a 30-cent drop but I couldn't see any news on the move and it could just be a lack of volume due to the holidays. CTL is nearing short-term support at $46.00. If that fails the stock should have additional support near $45.00. Conservative traders could always exit now to lock in gains. I am not suggesting new positions at this time.

FYI: Investors should know that CTL is currently involved with a $10.6 billion stock-swap merger with Qwest Communications (Q). The merger isn't supposed to be completed until the first half of 2011. The trend for both stocks is up and naturally looks very similar following the M&A announcement.

Current Position:
Long the 2011 January $45.00 calls (CTL1122A45) Entry @ 0.20

12/21: Adjusted final target to $48.00
12/14: New stop loss @ 43.75
12/13: First Target Hit @ $44.90, option @ $0.85 (+325%)
12/01: Adjusted secondary target to $49.00

Entry on November 29th at $42.55
Earnings Date 02/22/11
Average Daily Volume = 3.0 million
Listed on November 27th, 2010


Cognizant Technology Solutions - CTSH - close: 73.15 change: +0.06

Stop Loss: 68.49
Target(s): 74.50, 79.00
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: It was another quiet day for CTSH with the stock trading sideways in a 60-cent range. Currently our plan is to buy calls on a dip at $71.00. Our first target is $74.50. Our longer-term target is $79.00.
FYI: The Point & Figure chart for CTSH is forecasting a $93 price target.

Trigger to buy calls on the dip @ $71.00

- Suggested Positions -

Buy the 2011 January $75.00 calls (CTSH1122A75)

- or -

Buy the 2011 April $75.00 calls (CTSH1116D75)

Entry on December xxth at $ xx.xx
Earnings Date 02/09/11 (unconfirmed)
Average Daily Volume = 2.3 million
Listed on December 18th, 2010


Express Scripts - ESRX - close: 54.14 change: +0.15

Stop Loss: 51.49
Target(s): 53.95, 58.50
Current Option Gain/Loss: + 9.5% and -29.7%
Time Frame: 5 to 6 weeks
New Positions: see below

Comments:
12/28 update: ESRX managed a bounce that outperformed the major averages but I remain cautious on this stock. I would probably wait for a bounce above $54.50 before considering new bullish positions. More conservative traders might want to raise their stop loss. If you do open new positions here you may want to consider a tighter stop loss (maybe closer to $53 or $54). Our final exit target is $58.50.

FYI: The point & figure chart for ESRX is forecasting a very bullish, long-term target of $80.

We currently only have half a position open.

Current Position:
Long the 2011 January $52.50 calls (ESRX1122A52.5) Entry @ $2.10

- or -

Second Position (small position):

Long the 2011 February $55.00 calls (ESRX1119B55) current ask $2.22

12/25: new stop loss @ 51.49
12/20: Suggested new positions with Feb. 55 calls.
12/18: Adjusted final exit target to $58.50
12/16: New stop loss @ 51.25
12/07: Exit the December calls. option @ $2.01 (+64.7%)
12/01: First Target Hit @ $53.95. Dec's @ $2.20 (+80.3%). Jan's @ $3.10 (+47.6%)

Entry on November 18th at $51.81
Earnings Date 02/24/11
Average Daily Volume = 4.3 million
Listed on November 17th, 2010


Fastenal Co. - FAST - close: 59.73 change: +0.26

Stop Loss: 53.75
Target(s): 59.95, 62.50
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: FAST spent the session in a very narrow range. There is no change from my prior comments. We are waiting for a pull back. We want to buy calls on a dip at $56.75.

FYI: FAST announced a special, one-time cash dividend of 42-cents on November 18th and all of the option strikes have been adjusted for this 42-cent dividend.

Trigger @ 56.75

Suggested Positions:
Buy the 2011 January $54.58 calls (FAST1122A54.58)

- or -

Buy the 2011 February $59.58 calls (FAST1119B59.58)

12/21: Adjusted entry point trigger from 56.00 to 56.75

Entry on December xxth at $ xx.xx
Earnings Date 01/19/11 (unconfirmed)
Average Daily Volume = 880 thousand
Listed on December 8th, 2010


FedEx Corp. - FDX - close: 93.02 change: -0.01

Stop Loss: 90.90
Target(s): 96.75, 99.75
Current Option Gain/Loss: -70.0% and -20.2%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
12/28 update: Tuesday was another forgettable day for FDX. It seems that investors are waiting for the year to end before making any new moves in this stock. That's not exactly great news for our January options, which expire in less than four weeks. Readers may want to wait for a new relative high (maybe over 94.50 or over 95.00) before initiating new positions. Our first target to take profits is $96.75. Our second target is $99.75.

- Suggested Positions (only small positions so far) -

Buy the 2011 January $100 call (FDX1122A100) Entry @ $0.80

- or

Buy the 2011 April $100 call (FDX1116D100) Entry @ $2.96

12/17: FDX opens at $94.23 - our entry point.
12/16: Adjusted Entry - initiate small positions now (@ Friday's open)

Entry on December 17th at $94.23
Earnings Date 12/16/10 (confirmed)
Average Daily Volume = 2.1 million
Listed on November 29th, 2010


Goldman Sachs - GS - close: 169.19 change: -0.64

Stop Loss: 162.95
Target(s): 171.00, 179.50
Current Option Gain/Loss: +40.0% and +29.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: Target achieved. GS managed to rally to $171.23 this morning. Our first target to take profits was hit at $171.00. The January call hit an intraday high of $5.00. The April call hit a high of $7.61. The $171 area is resistance so we can probably look for a correction toward the 40 or 50-dma in the $165-164 zone, which is where we can look for another entry point. Right now our final target is $179.50.
FYI: The Point & Figure chart for GS is forecasting a very bullish $224 long-term target.

- Suggested Positions (only small positions so far) -

Buy the 2011 January $170 calls (GS1122A170) Entry @ $2.75

- or -

Buy the 2011 April $175 calls (GS1116D175) Entry @ $5.27

12/28: 1st Target Hit @ 171.00, Jan. call @ $4.75 (+72.7%), April call @ $7.35 (+39.4%)
12/22: New stop loss @ 162.95
12/17: GS opened at $163.92
12/16: Adjusted Entry - initiate small positions now (@ Friday's open)

Chart:

Entry on December 17th at $163.92
Earnings Date 01/18/11 (unconfirmed)
Average Daily Volume = 7.2 million
Listed on December 2nd, 2010


International Business Machines - IBM - close: 145.71 change: +0.37

Stop Loss: 142.99
Target(s): 149.90, 157.50
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: IBM rallied back toward resistance near the $146 area and stalled. Nothing has changed. Wait for a breakout. I'm suggesting a trigger to buy calls at $146.75. FYI: The Point & Figure chart on IBM is forecasting a long-term target of $196.

Breakout Trigger @ $146.75

- Suggested Positions -

Buy the 2011 January $150 calls (IBM1122A150)

- or -

Buy the 2011 April $155 calls (IBM1116D155)

Entry on December xxth at $ xx.xx
Earnings Date 01/18/11 (unconfirmed)
Average Daily Volume = 4.7 million
Listed on December 14th, 2010


Juniper Networks - JNPR - close: 37.00 change: -0.08

Stop Loss: 34.90
Target(s): 39.75
Current Option Gain/Loss: -23.0% and - 6.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: JNPR is drifting sideways thanks to the market's malaise. I would still expect a decline into the $36-35 zone. Wait for the dip before considering new positions. Our first target is $39.75.

- Suggested Positions (only small positions so far) -

Buy the 2011 January $38.00 calls (JNPR1122A38) Entry @ $0.78

- or -

Buy the 2011 April $40.00 calls (JNPR1116D40) Entry @ $1.50
12/17: JNPR opens at $36.91
12/16: Adjusted Entry - initiate small positions now (@ Friday's open)

Entry on December 17th at $36.91
Earnings Date 01/25/11 (unconfirmed)
Average Daily Volume = 5.5 million
Listed on December 11th, 2010


Lockheed Martin Corp. - LMT - close: 69.58 change: +0.27

Stop Loss: 67.95
Target(s): 73.25
Current Option Gain/Loss: -48.5% and -50.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: It's not much but LMT was showing a little relative strength today. I am still cautious on LMT and hesitant to open new bullish positions.

- Suggested Positions -

Buy the 2011 January $70.00 calls (LMT1122A70) Entry @ $1.75

- or -

Buy the 2011 March $75.00 calls (LMT1119C75) Entry @ $1.00

Entry on December 17th at $70.28
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume = 1.7 million
Listed on December 16th, 2010


Millicom Intl. Cellular - MICC - close: 93.86 change: -0.24

Stop Loss: 89.75
Target(s): 99.50
Current Option Gain/Loss: -17.3% and + 3.0%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
12/28 update: The early morning strength in MICC faded and shares spent most of the day inside a 60-cent range. I remain bullish and would still consider new positions here. Or you could wait for the stock to breakout past $95.00. Our exit target is $99.50. Aggressive traders could aim for the 2010 highs near $102.50.

FYI: It looks like MICC must have had a special dividend because several of the options have odd strike prices ending in .40.

- Suggested Positions -

Long the 2011 January 95.40 calls (MICC1122A95.4) Entry @ $2.30

- or -

Long the 2011 April $100.00 calls (MICC1116D100) Entry @ $3.30

Entry on December 23rd at $94.23
Earnings Date 02/09/11 (unconfirmed)
Average Daily Volume = 518 thousand
Listed on December 22nd, 2010


Netflix Inc. - NFLX - close: 183.67 change: +3.66

Stop Loss: 174.90
Target(s): 199.50, 219.50
Current Option Gain/Loss: -39.3% and -31.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: Investors were unfazed by news that Sears (SHLD) was launching a new download service to compete with NFLX. Sonic Solutions (SNIC), which is being acquired by Rovi (ROVI) is partnering with Sears and their Kmart stores to launch this online service. Meanwhile shares of NFLX finally bounced from support near its rising 50-dma. This looks like another entry point to launch bullish positions but I have to point out NFLX has not yet broken it four-week trend of lower highs.

Cautious traders may want to raise their stop loss. Just remember, this was a very aggressive, higher-risk play to start and we were expecting some volatility. Readers may want to wait for a new move over $185 before considering new bullish positions.

Make no mistake, this is a very aggressive, higher-risk trade. I suggest readers keep their positions pretty small to limit your risk. Our first target is $199.50. Our second target is $219.50.

- Suggested Positions (small positions only) -

Long the 2011 January $200 calls (NFLX1122A200) Entry @ $4.35

- or -

Long the 2011 February $220 calls (NFLX1119b220) Entry @ $5.75

Entry on December 22nd at $187.12
Earnings Date 01/26/11 (unconfirmed)
Average Daily Volume = 7.5 million
Listed on December 21st, 2010


Oceaneering International - OII - close: 73.18 change: -0.37

Stop Loss: 69.95
Target(s): 78.00, 79.95
Current Option Gain/Loss: -38.2%, -52.9%, and -23.5%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
12/28 update: Okay, I'm growing a little concerned hear. Oil service stocks are still underperforming even though crude oil was on the rise. It looks like OII is aiming for a drop toward $72.00 and possibly the $70.00 level. I am not suggesting new positions at this time. We might see another entry point on a dip or bounce near $72-71 soon so let's wait. Our first target is $78.00.

- Suggested Positions -

Buy the 2011 January $75 calls (OII1122A75) Entry @ $2.77

- or -

Buy the 2011 January $80 calls (OII1122A80) Entry @ 0.85

- or -

Buy the 2011 April $80 calls (OII1116D80) Entry @ 3.86

Entry on December 23rd at $75.28
Earnings Date 02/17/11 (unconfirmed)
Average Daily Volume = 584 thousand
Listed on December 4th, 2010


Panera Break Co. - PNRA - close: 102.11 change: -0.75

Stop Loss: 103.90
Target(s): 109.95, 114.00
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: PNRA is still underperforming and has broken short-term support near $103. If we see a close under $102 I'll drop it as a bullish candidate. For now our trigger to open bullish positions is at $107.15.

If triggered our first, short-term target is $109.90. Our second, longer-term target is $114.00. This is an aggressive trade so we want to keep our position size small. FYI: The Point & Figure chart is very bullish with a $131 target.

Breakout Trigger @ $107.15

- Suggested Positions - (small positions) -

Buy the 2011 January $110 (PNRA1122A110)

- or -

Buy the 2011 February $115 (PNRA1119B115)

Entry on December xxth at $ xx.xx
Earnings Date 02/10/11 (unconfirmed)
Average Daily Volume = 389 thousand
Listed on December 20th, 2010


Transocean Ltd. - RIG - close: 68.26 change: -0.19

Stop Loss: 66.25
Target(s): 72.50, 78.25
Current Option Gain/Loss: -59.3% and -47.7%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
12/28 update: RIG, another oil service stock, is also underperforming its peers in the energy sector and the major market indices. Shares are hovering near their 40-dma. I am not suggesting new bullish positions at this time. Our final target is $78.25.

- Current Positions -
Long the 2011 January $70.00 calls (RIG1122A70) Entry @ $2.95

- Second Position -
Long the 2011 February $75.00 calls (RIG1119B75) Entry @ $1.80

12/17/10 Entry on Feb. calls @ $1.80
12/16/10 New Entry Point (buy February calls) - buy the dip.
12/11/10 New target 78.25, new stop loss $66.25
12/03/10 Target hit @ $72.50, option @ $4.95 (+67.7%)

Entry on November 30th at $68.18
Earnings Date 02/24/11 (unconfirmed)
Average Daily Volume = 6.3 million
Listed on November 29th, 2010


Union Pacific - UNP - close: 91.91 change: -0.10

Stop Loss: 89.75
Target(s): 96.25, 99.75
Current Option Gain/Loss: -44.0% and -16.7%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
12/28 update: UNP has been stuck in the $91.20-92.40 range for over four days now. Readers might want to wait for a move over $92.50 before considering new bullish positions.

- Current position -
Suggested Position:
Buy the 2011 January $95 calls (UNP1122A95) Entry @ $1.52

Second Position
Buy the 2011 February $95 calls (UNP1119B95) Entry @ $2.33

12/21/10: UNP provides another entry point.
12/17/10: Entry on Feb. calls @ $2.33
12/16/10: New Entry point: buy February calls
12/16/10: New stop loss @ 89.75

Entry on November 30th at $89.83
Earnings Date 01/20/11
Average Daily Volume = 2.9 million
Listed on November 20th, 2010


United Parcel Service - UPS - close: 72.81 change: +0.00

Stop Loss: 66.85
Target(s): 74.75, 78.50
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see below

Comments:
12/28 update: UPS closed unchanged on the day. There is no change from my previous comments on UPS. We are waiting for a pull back toward support near $70.00. Our trigger to buy calls is at $70.25 but I'm looking at raising our buy-the-dip trigger toward $72.25.

Trigger @ 70.25

Suggested Position:
Buy the 2011 January $70.00 call (UPS1122A70)

- or -

Buy the 2011 April $75.00 call (UPS1116D75)

Entry on December xxth at $ xx.xx
Earnings Date 02/01/10 (unconfirmed)
Average Daily Volume = 3.9 million
Listed on December 6th, 2010


United Technology Corp. - UTX - close: 79.29 change: +0.02

Stop Loss: 73.90
Target(s): 81.50, 84.75
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: There is no change from my previous comments. Aggressive traders could buy calls now. I'm still a little bit hesitant to launch positions here but UTX is moving the right direction, albeit very slowly. At the moment our suggested entry point is at $77.10.
FYI: The Point & Figure chart is bullish with a $91 target for UTX.

Trigger to buy calls @ $77.10

Suggested Position: Buy the 2011 January $80 calls (UTX1122A80)

- or -

Suggested Position: Buy the 2011 February $80 calls (UTX1119B80)

Entry on December xxth at $ xx.xx
Earnings Date 01/26/11 (unconfirmed)
Average Daily Volume = 3.2 million
Listed on December 4th, 2010


Vulcan Materials Co. - VMC - close: 44.33 change: -0.10

Stop Loss: 39.95
Target(s): 47.75
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: VMC is drifting closer and closer to the $44.00 level. Shares seem to be holding near its simple 200-dma. Aggressive traders may want to buy calls now or on a bounce from this level. I'm a little bit more conservative here. We will keep our trigger at $43.75 for now.

Trigger @ $43.75

- Suggested Positions -

Buy the 2011 January $45 calls (VMC1122A45)

- or -

Buy the 2011 February $45 calls (VMC1119B45)

Entry on December xxth at $ xx.xx
Earnings Date 02/07/11 (unconfirmed)
Average Daily Volume = 1.5 million
Listed on December 13th, 2010


Cimarex Energy Co. - XEC - close: 88.88 change: -0.26

Stop Loss: 84.75
Target(s): 89.90, 94.25
Current Option Gain/Loss: Unopened
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
12/28 update: Oil service stocks are still underperforming. There is no change from my prior comments on XEC. We are waiting for a dip back toward support. Currently our plan is to buy calls on a dip at $86.50. We want to keep our position size pretty small to limit our risk.

Trigger @ 86.50

- Suggested Positions -
Buy the 2011 January $90 calls (XEC1122A90)

- or - Buy the 2011 February $90 calls (XEC1119B90)

Entry on December xxth at $ xx.xx
Earnings Date 02/17/11 (unconfirmed)
Average Daily Volume = 907 thousand
Listed on December 1st, 2010


PUT Play Updates

Expedia Inc. - EXPE - close: 25.48 change: -0.09

Stop Loss: 27.75
Target(s): 25.10, 24.25
Current Option Gain/Loss: - 0.0%
Time Frame: 2 to 3 weeks
New Positions: No

Comments:
12/28 update: There was not much follow through on yesterday's drop but the path of least resistance seems to be down. I hesitate to launch new put positions. Our first target to take profits is at $25.10.

Current Position: Buy the 2011 January $25 Put (EXPE1122M25) Entry @ $0.60

Entry on December 8th at $26.88
Earnings Date 02/10/11 (unconfirmed)
Average Daily Volume = 2.5 million
Listed on December 7th, 2010


CLOSED BULLISH PLAYS

Monsanto Co. - MON - close: 67.11 change: +0.40

Stop Loss: 59.89
Target(s): 67.25, 69.85
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see trigger

Comments:
12/28 update: Commodity related stocks continued to rally on Tuesday in spite of strength in the U.S. dollar. I remain bullish on MON but we don't want to chase it here. We only have six trading days left before MON reports earnings and I don't want to hold over the report. Thus I'm removing it as a bullish candidate but will keep it on my radar screen. Earnings should be out before the bell on January 6th.

Our play never opened.

Entry on December xxth at $ xx.xx
Earnings Date 01/06/11 (confirmed)
Average Daily Volume = 4.9 million
Listed on December 18th, 2010