IBM (IBM, $92.00, up $1.64) is taking the Dow higher as the index is up 104 points to 7,328. I mentioned in last night’s Weekly Wrap that I was watching the April 100 calls (IBMDT, $1.10 up $0.12) and I bought 10 contracts at $1.08 at 10am (EST) this morning. I’m only looking to make $250 in the next day or two so we will see how it goes.

The IBM April 95 calls (IBMDS, $2.65, up $0.40) also continue to perform well. We got in these at $1.20 on 3/6/09 and our exit target has been hit. You can set stops at $2.40 and roll into the 100 calls with your profits or sell half and let the rest ride.

Rick Rouse
Rick@OptionsMentoring.com

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