M&M Stocks Doing Us Good

3:30pm (EST) While we are waiting on the Dendreon news, I thought I would take a quick second to talk about a couple of other trades we have going. We were looking to get into the MasterCard (MA, $168.82, up $3.27) May 190 calls (MALER, $2.55, up $0.40) for under $2 and that entry point was triggered this morning when the calls opened at $1.70. The call options closed at $2.15 yesterday and hit a low of $2.05. The stock opened over a $1 lower this morning which allowed us to get into the position. The calls have traded as high as $2.75. Set stops at $2.00 or $1.70. As far as Marvel Entertainment (MVL, $29.33, up $0.85)…the June 30 calls (MVLFF, $1.70, up $0.40) are up 30% today and nearly 70% from our entry price of $1.05 from last Thursday. This is exactly how we wanted the stock to move this week and if Marvel can get to $30, these calls will double. Still, since I’m heading out on vacation, set stops at $1.40-$1.50. Rick Rouse Rick@OptionsMentoring.com]]>

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