9:00am (EST)

eBay (EBAY, $22.38, up $0.05) 

June 21 puts (EBAY10061900021000, $0.55, down $0.06) 

Entry Price:  $0.48 (5/10/10) 

Exit Target: $1.00 

Return: 15%

Stop Target:  None

Action:  Continue to hold.    

SanDisk (SNDK, $42.25, up $0.71)

July 34 puts (SWF100717P00034000, $1.45, down $0.10)

Entry Price:  $1.50 (5/10/10) 

Exit Target: $3.00

Return: -3%

Stop Target:  75 cents

Action:  Continue to hold.

Apollo Group (APOL, $54.16, down $1.08)

June 50 puts (APOL100619P00050000, $1.70, up $0.20)

Entry Price:  $1.25 (5/5/10) 

Exit Target: $2.50

Return: 36%

Stop Target:  $1.00

Action:  Shares touched a low of $53.63 yesterday and the 52-week low is $52.79.  We think there is a good chance we take out the low this week or next.

Qualcomm (QCOM, $37.48, up $0.11)

June 36 puts (AAO100619P00036000, $1.00, down $0.20)

Entry Price:  $0.80 (4/28/10) 

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

Return: 75%

Stop Target: $1.00

Action:  Continue to hold.  

Garmin (GRMN, $34.17, down $1.43) 

May 32 puts (GRMN100522P00032000, $0.50, up $0.20)

Entry Price:  $1.00 (4/5/10) 

Exit Target: $2.00+

Return: -50% 

Stop Target:  None

Action:  Garmin showed us a little love yesterday as shares dropped 4%.  We are still out-of-the-money by $2 but if shares make it to $31 by next Friday we break even.  If shares touch $30 we double our money.

These are the huge price swings that you will experience when you are holding options that expire in 9 days.  However, the chart has been telling us Garmin will test $30 or below which is why we are pushing the envelope with this trade.

TiVo (TIVO, $16.88, up $0.39)

May 20 calls (TUK100522C00020000, $0.40, flat)

Entry Price:  $0.85 (3/5/10)  

Exit Target: $1.70 

Return: -53% 

Stop Target: None 

Action:  Continue to hold. 

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.   

Sony (SNE, $33.57, down $0.74)

June 32.50 puts (SNE100619P00032500, $1.30, up $0.20)

June 30 puts (SNE100619P00030000, $0.60, up $0.10)

Action:  Sony reports earnings on Thursday and the stock has been in a steady downtrend.  The chart is telling us there is a chance shares trade down to $30 but we aren’t thrilled about the earnings announcement which could go either way. 

Moody’s (MCO, $21.76, down $0.01)

June 20 puts (MCO100619P00020000, $1.00, down $0.15)

Action:  Continue to watch.

Expedia (EXPE, $23.18, down $0.74)

June 20 puts (EXPE100619P00020000, $0.35, flat)

Action:  There may be a play on a move to under $20.

American International Group (AIG, $42.89, up $1.91)

June 35 puts (AIG100619P00035000, $1.40, down $0.40)

Action:  The puts traded to a low of $1.27 yesterday but we were hoping for $1.25 or better.  We may try to add these today but if we do we will send out an alert.

Freeport -McMoRan (FCX, $70.24, down $2.26)

June 65 puts (FCX100619P00065000, $2.20, up $0.40)

Action:  Freeport looks weak and looks headed to $66-$67 which are the February lows and a break below $65 could push shares towards $60.