9:00am (EST) The unemployment numbers were not pretty, folks. The Dow futures are down 104 points while the S&P 500 and Nasdaq futures are both off by 12. That means we should get a nasty open, possibility a triple-digit loss for the Dow right off the bat. The only positions were have to really watch is the Imax (IMAX, $8.21) trades. The July 7.50 calls (IMQGU, 80 cents) can be closed today to lock in over a 100% return. These calls were profiled last Thursday at 35 cents and they could continue to do well but I want to scale out of the trade before the 3-day weekend. We still have the longer-term contracts on Imax and those should be good providing Imax stays above $8. [hidepost=0] The Harry Potter movie should bring some buzz around the stock so I like the longer-term plays. The July calls expire in two weeks so let’s not get greedy and push it. [/hidepost] Rick@MomentumOptionsTrading.com]]>