November 2009 | Members

 

1:15pm (EST)

FedEx (FDX, $85.26, up $0.46)

December 90 calls (FDXLR, $1.55, up $0.10)

Entry Price:  $1.40 (11/17/09)  
Exit Target: $2.80 
Return: 11%
Stop Limit: 70 cents    

Action:  The limit price of $1.40 or better was hit this morning within the first five minutes of trading.  Some of you may have gotten even better prices as the calls traded to a low of $1.30.


Colgate-Palmolive (CL, $82.51, up $0.11)

January 85 calls (CLAQ, $1.45, up $0.10)

Entry Price: $1.35 (11/17/09) 
Exit Target: $2.70
Return: 7%
Stop Limit: 70 cents

Action:  The calls were trading at $1.35 shortly after the open which was slightly above the $1.25-$1.30 limit but well below our max entry price of $1.50.

Microsoft (MSFT, $29.90, up $0.50)

December 30 calls (MSQLF, $0.78, up $0.22) 

Entry Price:  $0.65 (11/16/09)
Exit Target: $1.30
Return: 20%
Stop Limit:  NO STOP

Action:  We are within spitting distance of $30.  UBS added the stock to its Buy list and said it was the “most preferred” name in Tech at the moment. 


Netflix (NFLX, $60.50, up $1.04)

December 65 calls (QNQLM, $1.20, up $0.25)

Entry Price:  $0.80 (11/13/09)
Exit Target: $1.60+
Return: 50%
Stop Limit:  NO STOP

2010 June 80 calls (QNQFP, $2.05, up $0.15)

Entry Price:  $1.65 (11/13/09)
Exit Target: $3.30++
Return: 24%
Stop Limit: NO STOP

Action:  Netflix has hit a high of $60.82 today and we said we may have a tiger by the tail with this one…  


Dendreon (DNDN, $29.35, up $0.20)

2010 January 35 calls (UQBAT, $1.15, flat)

Entry Price: $2.15 (10/15/09)
Exit Target: $5.00  
Return: -47%
Stop Limit: NO STOP

Action:  Continue to hold.

Rick Rouse
Chief Options Strategist

Rick@MomentumOptionsTrading.com

“What Are You Doing TODAY to become a millionaire TOMORROW?”