September 2009 | Members

8:30am (EST)

Here are the current trade updates.  They came back a little but remember these are longer-term options to even out the volatility…
 
Citigroup (C, $4.77, up $0.21)
 
January 7.50 calls (CAQ, $0.23, up $0.02)
 
Entry Price: $0.32 (8/28/09)
Exit Target: $1.00
Return: -28%
Stop:  None  
 
January (2011) 10 calls (VRNAB, $0.55, up $0.07)
 
Entry Price: $0.60 (8/28/08) 
Exit Target: $2.00
Return: -8%
Stop: None
 
Action:  Continue to hold.
 
Dendreon (DNDN, $23.00, up $0.26)
 
November 45 calls (UQBKO, $0.24, unchanged)
 
Entry Price: $0.30 (8/31/09) 
Exit Target: $0.60 
Return: -20%
Stop: None
 
Action: Continue to hold.
 
Imax (IMAX, $9.18, up $0.18)
 
March 2010 12.50 calls (IMQCV, $0.35, unchanged)
 
Entry Price: $0.45 (8/10/09)
Exit Target: $1.00+
Return: -22%
Stop: None
 
Action:  Continue to hold.
 
Sirius XM (SIRI, $0.62, up $0.01)
 
December 1 calls (QXOLA, $0.05, unchanged)
 
Entry Price: $0.15 (8/21/09)
Exit Target: $0.30
Return: -66%
Stop: None
 
Action:  Continue to hold.