9:00am (EST)

eBay (EBAY, $22.33, up $0.85) 

June 21 puts (EBAY10061900021000, $0.61, down $0.41) 

Entry Price:  $0.48 (5/10/10)   

Exit Target: $1.00 

Return: 27%

Stop Target:  None

Action:  We were lucky enough to get these at the lows and some of you may have paid a few cents more.  We didn’t list max entry prices which we usually do but don’t worry if you paid a few cents more.  We expect shares to eventually fall below $20 over the next 3 weeks which should get these options to the $1.00-$1.50 range.

SanDisk (SNDK, $41.54, up $3.93)

July 34 puts (SWF100717P00034000, $1.55, down $1.20)

Entry Price:  $1.50 (5/10/10) 

Exit Target: $3.00

Return: 3%

Stop Target:  75 cents

Action:  We rolled out of the June puts yesterday and all we are looking for with this trade is a quick drop back below $40.

Apollo Group (APOL, $55.24, up $0.83)

June 50 puts (APOL100619P00050000, $1.50, down $0.50)

Entry Price:  $1.25 (5/5/10) 

Exit Target: $2.50

Return: 20%

Stop Target:  $1.00

Action:  Continue to hold.

Qualcomm (QCOM, $37.37, up $0.87)

June 36 puts (AAO100619P00036000, $1.20, down $0.55)

Entry Price:  $0.80 (4/28/10) 

Exit Target: $2.00+ (closed half at $1.80 on 5/7/2010) 

Return: 88%

Stop Target: $1.00

Action:  Qualcomm is near $37 in pre-market action.  Continue to hold. 

Garmin (GRMN, $35.60, up $1.34) 

May 32 puts (GRMN100522P00032000, $0.30, down $0.40)

Entry Price:  $1.00 (4/5/10) 

Exit Target: $2.00+

Return: -70% 

Stop Target:  None

Action:  We may have to cut the cord on this one today.  We will be the first to say that this trade has frustrated us and we probably botched it a week ago when we could have closed out after their earnings miss for a profit.  We got a little greedy with this one and it has cost us.

TiVo (TIVO, $16.49, up $0.88)

May 20 calls (TUK100522C00020000, $0.40, up $0.10)

Entry Price:  $0.85 (3/5/10)  

Exit Target: $1.70 

Return: -53% 

Stop Target: None 

Action:  We have been in this trade for 2 months and we are still trying to salvage a small loss or get back to even. 

Other 2010 Portfolio OPEN positions (5):  These are trades that are still open in the portfolio that have longer expiration dates or are on hold but are not worth mentioning until they turn around.  This way you know we are still tracking them and we will record the results, accordingly, when we close them or they expire.  Click on the 2010 Portfolio link in the Members Area to view ALL open/ closed trades. 

A123 Systems, American Tower, Berkshire Hathaway Class B, Canadian Solar, Shuffle Master, JDS Uniphase.


These trades are NOT recommendations until we send out an alert.  These are trades that we like but have not added to the portfolio as an official recommendation because of market conditions or because we are waiting for better entry prices.  We will not list entry prices because these stocks are on the verge of breaking out or they could selloff.   

American International Group (AIG, $40.98, up $2.28)

June 35 puts (AIG100619P00035000, $1.80, down $1.00)

Action:  AIG is no stranger for those of you who have been with us awhile.

Freeport -McMoRan (FCX, $72.50, up $4.91)

June 65 puts (FCX100619P00065000, $1.80, down $2.00)

Action:  Watch for now.