Editor's Note:

Financials were some of the worst performers on Friday. Profit taking, while mild, was widespread. Our railroad candidates did well. I have updated stop losses on CSX, RIG, and UNP. We've adjusted our entry point strategy on XEC and we're cutting EXPE from the play list.

Don't forget that we only have two weeks left before January options expire. The market has been consolidating sideways the past few days. If stocks see a breakdown lower it's going to crush all of our January call values. You may want to start taking some money off the table early. Any time premium is going to decay pretty quickly.

-James

Current Portfolio:


CALL Play Updates

Amazon.com Inc. - AMZN - close: 185.49 change: -0.37

Stop Loss: 176.45
Target(s): 189.90, 199.00
Current Option Gain/Loss: -17.5%, and - 2.5%
Time Frame: 4 to 6 weeks
New Positions: See below

Comments:
01/08 update: Profit taking in AMZN was kept at a minimum on Friday. The stock actually hit a new high Friday morning after shares were upgraded to a buy and given a $225 price target. I remain bullish on AMZN and would look for dips in the $182.50-180.00 zone as a new bullish entry point to buy February calls. More conservative traders might want to raise their stops closer to $180.

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

Chart:

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: 69.38 change: +0.58

Stop Loss: 64.90
Target(s): 69.00, 72.25
Current Option Gain/Loss: +305.0%, and +158.9%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/08 update: BA extended its gains to six days in a row. Shares tested round-number resistance at $70.00. The stock is short-term overbought and due for a pull back. We only have two weeks left before January calls expire. I am suggesting we exit the rest of our January calls now. I am not suggesting new bullish positions at this time. Our second target is $72.25.

- Suggested Positions - (small positions only!)

Long the 2011 January 67.50 calls (BA1122a67.5) Entry @ $0.58, exit @ $2.35

Long the 2011 February $70.00 calls (BA1119B70) Entry @ $0.73

01/08: Exit the rest of our January calls @ $2.35 (+305%)
01/06: 1st Target Hit @ 69.00. Jan call @ $2.15 (+270%). Feb. call @ $1.80 (+146%)
01/06: New stop loss @ 64.90

Chart:

Entry on January 3rd at $66.15
Earnings Date 01/26/11 (unconfirmed)
Average Daily Volume = 5.3 million
Listed on December 25th, 2010


Caterpillar - CAT - close: 93.73 change: +0.19

Stop Loss: 92.25
Target(s): 99.80
Current Option Gain/Loss: Unopened
Time Frame: 3 to 4 weeks
New Positions: Yes, see trigger

Comments:
01/08 update: With stocks struggling for gains, shares of CAT meandered sideways. Shares have been consolidating sideways under resistance near $95.00 for three weeks now. Wait for the breakout higher. I am suggesting a trigger to buy calls at $95.15. If triggered our exit target is $99.80. More aggressive traders could try the January calls instead.
The Point & Figure chart for CAT is bullish with a $118 target.

Trigger @ 95.15

- Suggested Positions -

Buy the 2011 February $100 calls (CAT1119B100) current ask $1.31

Chart:

Entry on January xxth at $ xx.xx
Earnings Date 01/27/11 (unconfirmed)
Average Daily Volume = 4.2 million
Listed on January 5th, 2010


Cummins Inc. - CMI - close: 109.78 change: -0.38

Stop Loss: 108.75
Target(s): 114.85 117.50
Current Option Gain/Loss: -50.8% and -13.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/08 update: I remain concerned about CMI. The stock produced a bearish reversal pattern on Thursday. Was Friday's move a confirmation of that reversal or just a reaction to the disappointing jobs numbers? CMI found support again near the $109 area. I am not giving up yet but I'm not suggesting new bullish positions either.

(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

01/04: New entry point on afternoon bounce.
01/01: Adjusted targets to $114.50, 117.50
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.

Chart:

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: 67.79 change: +1.56

Stop Loss: 64.45
Target(s): 69.25
Current Option Gain/Loss: +71.4% and +66.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/08 update: Railroad stocks were some of the best performers on Friday. The Dow Jones railroad index rallied +2.4%. Shares of CSX surged +2.3% to a new two-year high. The stock has potential resistance near $70.00. Our target to exit is $69.25. I am not suggesting new positions at this time. Please note our new stop loss at $64.45.

- 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

01/08: New stop loss @ 64.49
01/05: Adjusted targets to just one at $69.25.
01/04: New stop loss @ 62.75
01/04: New entry point on afternoon bounce near $65
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.

Chart:

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: 44.81 change: -0.63

Stop Loss: 43.75
Target(s): 44.90, 48.00
Current Option Gain/Loss: +125.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/08 update: Warning! There was no follow through on Thursday's intraday bounce. CTL rolled over again. The stock has clearly broken its narrow bullish channel. I will admit this will be extremely frustrating if CTL breaks down further after seeing this option up +800% at one point. I've been suggesting that readers take profits for days now. I would still consider an early exit now. I'm not suggesting new bullish positions. CTL should have stronger support near $44 and its rising 50-dma.

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

Chart:

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


Deere & Co - DE - close: 84.34 change: +0.09

Stop Loss: 78.95
Target(s): 84.50, 89.00
Current Option Gain/Loss: Unopened
Time Frame: 6 to 8 weeks
New Positions: Yes, see trigger

Comments:
01/08 update: Nothing has changed for us with DE. Currently we're waiting for a dip to $80.50 to buy calls there. Alternatively we might want to consider buying calls on a breakout over resistance near $85.00. The high today was $85.30. I'm going to list a second trigger at $85.55 should DE suddenly surge on us.

If DE hits our trigger at $80.50 we want to use a tight stop loss at $78.95.

If DE hits our new breakout trigger at $85.55 then we want to use a stop loss at $81.49.

I am adjusting our secondary target from $89.00 to $89.75.
FYI: The Point & Figure chart for DE is pretty bullish with a $100 target.

Buy-the-Dip Trigger @ 80.50

- Suggested Positions -

Buy the 2011 February $80 calls (DE1119B80)

- or -

Buy the 2011 February $85 calls (DE1119B85)

- OR - BREAKOUT TRIGGER @ 85.55

Buy the 2011 February $90 calls (DE1119B90)

Chart:

Entry on December xxth at $ xx.xx
Earnings Date 02/16/11 (unconfirmed)
Average Daily Volume = 3.4 million
Listed on December 30th, 2010


Express Scripts - ESRX - close: 56.25 change: -0.76

Stop Loss: 53.75
Target(s): 53.95, 58.50
Current Option Gain/Loss: + 83.3% and +17.5%
Time Frame: 5 to 6 weeks
New Positions: see below

Comments:
01/08 update: Shares of ESRX were downgraded this morning but the stock bounced from the $55.50 level midday. I would hesitate to launch new bullish positions at this time. If you're holding January calls you will want to seriously consider exiting now to lock in a gain. Currently our final target is $58.50. More aggressive traders may want to aim for $60.00.

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

01/06: New stop loss @ 53.75
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%)

Chart:

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


FedEx Corp. - FDX - close: 93.10 change: -0.77

Stop Loss: 90.90
Target(s): 96.75, 99.75
Current Option Gain/Loss: -83.7% and -22.9%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/08 update: Both UPS and FDX got some unwanted attention on Friday. CNBC reported that the U.S. Department of Justice is investigating claims of anticompetitive practices by both FDX and UPS. Both companies have confirmed the investigation. The headlines really didn't have that much of an affect on shares of FDX. The stock bounced around the same $92-94 trading range.

At this point we only have two weeks left for our January calls and odds are really good that these calls will expire worthless. That means we should be looking for any bounce to exit these calls and try to recoup some of our capital. If the calls bounce to 40 cents or more I would exit. I am not suggesting new bullish positions at this time.

- 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

01/08: New exit strategy for January calls. Try to exit at 40 cents or more.
12/17: FDX opens at $94.23 - our entry point.
12/16: Adjusted Entry - initiate small positions now (@ Friday's open)

Chart:

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: 170.69 change: -1.52

Stop Loss: 165.75
Target(s): 171.00, 179.50
Current Option Gain/Loss: + 45.4% and +35.6%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/08 update: Financials were some of the worst performers on Friday. Shares of GS pulled back toward prior resistance near $170. If you were looking for a new entry point to buy calls this is probably it but given the tone of trading on Friday you might want to wait and see if GS bounces from this level before initiating positions.

- 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

01/03: New stop loss @ 165.75
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: 147.93 change: -0.73

Stop Loss: 144.75
Target(s): 152.50, 159.50
Current Option Gain/Loss: + 9.6%, and + 4.4%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/08 update: It's hard to see but IBM is building a short-term bullish trend of higher lows. While I find this trend encouraging readers may want to wait for a dip closer to $146.00 before initiating new positions. I would buy February or April calls. Keep in mind that IBM is due to report earnings on January 18th and we do not normally want to hold over an earnings announcement. FYI: The Point & Figure chart on IBM is forecasting a long-term target of $196.

- Suggested Positions -

Long the 2011 January $150 calls (IBM1122A150) Entry @ $1.35

- or -

Long the 2011 April $155 calls (IBM1116D155) Entry @ $2.25

01/06: New stop loss @ 144.75
01/03: New targets @ $152.50, and $159.50

Chart:

Entry on December 29th at $146.75
Earnings Date 01/18/11 (confirmed)
Average Daily Volume = 4.7 million
Listed on December 14th, 2010


Juniper Networks - JNPR - close: 37.59 change: -0.62

Stop Loss: 35.75
Target(s): 39.90, 41.75
Current Option Gain/Loss: -25.6% and + 5.3%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/08 update: JNPR hit some profit taking on Friday. The little afternoon bounce near $37.25 on Friday almost looks like a new bullish entry point. If you do choose to buy calls here I would consider a pretty tight stop loss, maybe near $36.70ish (and I would buy February or later calls).

We want to sell all of our January calls and half of our April calls at $39.90.

- 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
01/06: New stop loss @ 35.75, new 1st target @ 39.90.
12/17: JNPR opens at $36.91
12/16: Adjusted Entry - initiate small positions now (@ Friday's open)

Chart:

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: 73.63 change: +0.45

Stop Loss: 69.80
Target(s): 73.25, 74.90(or 200-dma)
Current Option Gain/Loss: +70.0%
Time Frame: 6 to 8 weeks
New Positions: see below

Comments:
01/08 update: LMT extended its gains but failed to breakout over the $74.00 level. I suggested exiting the rest of our January calls on Friday morning (they opened at $3.30). LMT looks short-term overbought and I would expect a pull back toward the $72 area.

We'll keep the remainder of our March calls as we aim for the secondary target at $74.90 or the 200-dma. I am not suggesting new positions at this time.

- Remaining Positions -

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

01/06: New stop loss @ 69.80
01/06: Sell the rest of our January $70 calls now @ $3.30 (+88%)
01/06: Target Hit @ 73.25. Jan. $70 call @ 3.35 (+91%). March $75 call @ 1.65 (+65%)

Chart:

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: 95.98 change: -1.08

Stop Loss: 92.49
Target(s): 99.90
Current Option Gain/Loss: -10.8% and +21.2%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/08 update: MICC is still consolidating sideways above the $95 level. If you were looking for an entry point I would be tempted to buy calls now but more conservative traders may want to inch up their stop loss (possibly to the $93 or $94 levels). 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

01/06: New stop loss @ 92.49
01/03: New stop loss @ 91.75, New target at $99.90

Chart:

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


Transocean Ltd. - RIG - close: 75.04 change: +2.00

Stop Loss: 68.49
Target(s): 72.50, 78.25
Current Option Gain/Loss: +84.7% and +91.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/08 update: RIG delivered another strong session on Friday with a rally to new multi-month highs. Shares hit $75.95 intraday. The 50-dma has risen to $68.62 so I'm raising our stop loss to $68.49. RIG looks a little bit short-term overbought so I'm not suggesting new bullish positions at this time. Our final target is $78.25 but I'm considering an adjustment toward $79.75 instead.

If you are holding the January calls you will want to strongly consider an early exit now to lock in a gain!

- 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

01/08/11 New stop loss @ 68.49
01/05/11 New stop loss @ 67.85
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%)

Chart:

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


Research In Motion - RIMM - close: 61.68 change: +0.31

Stop Loss: 57.49
Target(s): 64.75, 67.50
Current Option Gain/Loss: - 3.6%, and + 0.8%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/08 update: RIMM was drifting higher on Friday. I would still consider new bullish positions now. However, we might get a better entry point if we wait for a dip near $60.00. Currently our stop loss is at $57.49. More conservative traders could use a stop closer to $59.00 instead. There is some short-term resistance at $64.00 but I'm setting our first target at $64.75.

- Suggested Positions -

Long the 2011 February $62.50 calls (RIMM1119B62.5) Entry @ $2.47

- or -

Long the 2011 March $65.00 calls (RIMM1119C65) Entry @ $2.35

Chart:

Entry on January 6th at $61.00
Earnings Date 03/31/11 (unconfirmed)
Average Daily Volume = 9.9 million
Listed on January 5th, 2010


Stanley Black & Decker, Inc. - SWK - close: 65.50 change: -1.03

Stop Loss: 64.75
Target(s): 69.90, 72.45
Current Option Gain/Loss: -92.8%, and -58.6%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/08 update: The last couple of days have been a little ugly for SWK. The rally on January 3rd now looks like a bull-trap pattern. If you look at the weekly chart is definitely looks like SWK is forming a reversal. Currently we have a stop loss at $64.75 and if this correction continues on Monday we will likely get stopped out. I am not suggesting new bullish positions at this time. Keep your position size small to limit your risk.

- Suggested Positions -

Long the 2011 January $70 calls (SWK1122A70) Entry @ $0.70

- or -


01/06: New stop loss @ 64.75

Chart:

Entry on January 4th at $68.15
Earnings Date 01/27/11 (confirmed)
Average Daily Volume = 1.6 million
Listed on January xxth, 2010


Union Pacific - UNP - close: 95.18 change: +2.63

Stop Loss: 91.40
Target(s): 96.25, 99.75
Current Option Gain/Loss: +24.3% and +35.1%
Time Frame: 4 to 6 weeks
New Positions: see below

Comments:
01/08 update: Friday was a strong day for the railroad stocks and UNP surged +2.8% toward resistance near $95.00. If you're holding the January $95 calls you'll want to seriously consider taking some profits now! While the trend is up UNP is still facing resistance near $95 and we only have two weeks left for January calls. At the moment we're up +24% on that option.

If you're looking for a new bullish entry point I'd wait for a dip near the $93.50 area. The 50-dma has risen to $91.53. I am raising our stop loss to $91.40.

- 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

01/08/11; New stop loss @ 91.40
01/04/11: New entry point on afternoon bounce.
01/01/11: UNP is giving us another entry point.
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

Chart:

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: 72.15 change: -0.34

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:
01/08 update: We finally saw some movement in shares of UPS on Friday. CNBC reported that the Justice Department is investigating both FDX and UPS for potential anticompetitive behavior. Shares of UPS recovered from their intraday low at $71.00. I still don't see any changes from my prior comments.

We might want to consider a breakout entry point on a move past resistance at $74.00. However, at the moment the plan is to wait for a dip near $70.00 with a trigger to buy calls at $70.25.

Trigger @ 70.25

Suggested Position:
Buy the 2011 February$70.00 call (UPS1119B70)

- or -

Buy the 2011 April $75.00 call (UPS1116D75)

Chart:

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


Cimarex Energy Co. - XEC - close: 89.21 change: -0.96

Stop Loss: 87.25
Target(s): 94.25, 99.50
Current Option Gain/Loss: +0.0%
Time Frame: 4 to 6 weeks
New Positions: Yes, see below

Comments:
01/08 update: The OSX oil services index and shares of XEC both look very overbought given their rally from the October lows. However, they can always grow more overbought. I am going to suggest an aggressive entry point on XEC. Instead of waiting for a dip to $86.50 I am suggesting we open small bullish positions now. We'll raise our stop loss toward the 30-dma and place the stop at $87.25. Our targets to take profits are at $94.25 and $99.50. I want to reiterate that we want to keep our position size pretty small to limit our risk.

I have updated our option strike below.

Launch small positions now.

- Suggested Positions -
Buy the 2011 February $95 calls (XEC1119B95) current ask $2.30

- or -

Buy the 2011 March $95 calls (XEC1119C95) current ask $3.30

Chart:

Entry on January 10th at $ xx.xx
Earnings Date 02/17/11 (unconfirmed)
Average Daily Volume = 907 thousand
Listed on December 1st, 2010


CLOSED BEARISH PLAYS

Expedia Inc. - EXPE - close: 25.62 change: +0.52

Stop Loss: 26.05
Target(s): 25.10, 23.25
Current Option Gain/Loss: -33.3%
Time Frame: 2 to 3 weeks
New Positions: No

Comments:
01/08 update: I am giving up on EXPE. The market's weakness on Friday would have been a good excuse to sell EXPE shares. Instead the stock outperformed with a +2% gain. While this stock might roll over again under resistance at the 100-dma or 50-dma near $26.50 I don't want to wait. Let's exit now and cut our losses. We only have two weeks left on January options.

Exit Early

Closed Position: 2011 January $25 Put (EXPE1122M25) Entry @ $0.60, exit @ 0.40 (-33.3%)

01/08/11 Exit early. EXPE @ 25.62. Option @ 0.40 (-33.3%)
01/03/11 New stop loss @ $26.05
12/30/10 Target hit @ 25.10, option @ 0.80 (+25%)
12/30/10 new stop loss at $26.51

Chart:

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