Just another calm day in a year-end rally. We have a few days left before the fireworks start.
No stops and no exit targets were hit. Maintain the same exit targets from Sunday's email.
These are the exit targets I am suggesting for each of the plays this week. If you can exit at these targets we should be happy. Pigs get fat, hogs get slaughtered. Waiting for the last nickel to bleed away could find us headed for the slaughterhouse.
Trina Solar - short Jan $45 put TSL-MI target 25-cents.
Akamai - short Jan $25 put UMU-ME target 25-cents.
Foster Wheeler - short Jan $28 put UFB-MK target 20-cents.
Russell 2000 IWM ETF - short Jan $60 put DIW-MH target 30-cents.
Hornbeck - short Jan $22.50 put HOS-MX target 20-cents.
Interoil - short Jan $65 Put IOC-MM target 50-cents.
If you have not taken advantage of the Option Investor End of Year Renewal Special here is the link to the offer. This is the cheapest rate we offer for the entire year. Nobody can get the core newsletter package at a better rate.
Click here for the 2009 Renewal Special Details