11:00am (EST)

I’m heading out on vacation so here is the breakdown on all of the current trades and what actions to take:

Dendreon (DNDN, $25.05, up $13.24)

May 25 calls (UKOEE, $2.50, up $1.60)

Entry Price: $1.25 (4/17/09)
Exit Price: (open) sold half at $3.75 on (4/28/09)

August 10 calls (UKOHB, $15.70, up $2.20)

Entry Price: $2.20 (4/13/09)
Exit Price: (open) sold half at $14.60 on (4/28/09)

Continue to hold the other half of these positions or close half of the half position you still have open. The May options still have two weeks before they expire and I really think Dendreon can get to $30. However, if we start to slip today we can cash out that other half position. Longer-term, the August options should allow us to profit dollar for dollar as long as the stock continues higher.

I have mentioned that Dendreon was a trade that comes around once every few years and if you didn’t make money the first time around, these trades were opened in the past few weeks. A $10,000 investment spreaded evenly between these two call options could have netted you a cool $30,000 if you had bought 40 of the May 25’s and 20 of the August 10 call options on the recommended date and followed the blog. Of course, that is a big bet to make but I wanted to show you the power of options. To turn $10,000 into $40,000 is a hard task but not if you have the right options.

Note: The call options may have a different symbol than the original ones I have listed. Sometimes the first three symbols can change as option months move closer. The first three letters may reflect “UQB” instead of “UKO” in your brokerage account. My account is showing “UKO” but some of my business buddies are getting the “UQB” quotes in their brokerage account.

MasterCard (MA, $172.70, up $5.16)

May 190 calls (MALER, $3.20, up $0.90)

Entry Price: $1.70 (4/28/09)
Exit Price: $3.40

Sell half at $3.40 and set stops at $2.50. If we continue higher, sell another half on Thursday. MasterCard reports earnings on Friday and you could let the other quarter of the position ride.

Marvel Entertainment (MVL, $30.77, up $1.52)

June 30 calls (MVLFF, $2.35, up $0.65)

Entry Price: $1.05 (4/23/09)
Exit Price: $2.10

Sell half now and set stops at $2.10 on the other half. I told you Marvel had a great shot of breaking $30 and that was done with ease. Continue to enjoy the gains if we go higher. Marvel reports earnings next Tuesday.

ValueClick (VCLK, $10.12, up $0.39)

May 10 calls (QCSEB, $0.75, up $0.20)

Entry Price: $0.75 (4/9/09)
Exit Price: $1.50 (open)

September 12.50 calls (QCSIV, $0.85, up $0.20)

Entry Price: $0.80 (4/9/09)
Exit Price: $1.60 (open)

Continue to hold but I’d like to see ValueClick hold $10 and move closer to $11 by the end of the week.

That is all I have people, good luck with the trades and I’ll be back next Monday. Again, I will try to update these positions if I can but since I am going away, I plan to enjoy it. Send me you emails over the next few days with any thoughts, questions, or comments you may have. I will be reading emails as part of my morning routine.

Rick Rouse
Rick@OptionsMentoring.com

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