9:05am (EST)

PowerShares QQQ (QQQQ, $52.18, down $0.12) 

January 53 calls (QQQQ110122C00053000, $1.65, down $0.05)

Entry Price:  $1.54 (10/27/10)

Exit Target: $3.00+

Return: 7%

Stop Target: 75 cents

Action:  We are expecting the QQQ’s to push $55-$56 by the end of the year which would be a double on anything over $56.  Continue to hold. 

 

American Tower (AMT, $51.61, down $0.13) 

April (2011) 60 calls (AMT110416C00060000, $0.85, flat)

Entry Price:  $0.65 (10/20/10)

Exit Target: $1.30+

Return: 31%

Stop Target: None

Action:  American Tower will now announce earnings this Friday before the market opens.  When we got into the trade, the tentative date for earnings was today but it has changed.  No big deal.  Continue to hold.     


Biodel (BIOD, $3.63, up $0.25) (Strangle Trade)

November 7.50 calls (BIOD101120C00007500, $0.50, down $0.05) 

Entry Price:  $0.60 (10/18/10)

Exit Target: $1.20+

Return: -17%

Stop Target: None


November 2.50 puts (BIOD101120P00002500, $0.60, down $0.10)

Entry Price:  $0.50 (10/18/10)

Exit Target: $1.00

Return: 20%

Stop Target: None


March (2011) 7.50 calls (BIOD110319C00007500, $0.70, down $0.10) 

Entry Price:  $1.10 (10/18/10)

Exit Target: $2.20+

Return: -36%

Stop Target: None  

Action:  CLOSE THE PUTS INTO STRENGTH THIS MORNING!

It looks as though Biodel did not get approval.    


Juniper Networks (JNPR, $32.39, up $0.60)

November 33 calls (JNPR101120C00033000, $0.70, up $0.20)

Entry Price:  $1.19 (10/13/10)

Exit Target: $2.00+

Return: -41%

Stop Target: None

Action:  The 52-week high is $32.84 and we need the stock to be at $34.19 by expiration to break even on the trade if we hold until expiration.  We are looking for shares to make a run to $35+.    


Brocade Communications Systems (BRCD, $6.35, up $0.19)

January (2011) 6 calls (BRCD110122C00006000, $0.75, up $0.15)

Entry Price:  $0.40 (10/13/10)

Exit Target: $1.00+

Return: 88%

Stop Target: None


April (2011) 6 calls (BRCD110416C00006000, $0.90, up $0.15)

Entry Price:  $0.60 (10/13/10)

Exit Target: $1.20+

Return: 50%

Stop Target: None

Action:  We are loving the action in this name.  Continue to hold.


Chesapeake Energy (CHK, $21.68, up $0.35)

January (2011) 25 calls (CHK110122C00025000, $0.35, up $0.05)

Entry Price:  $1.15 (10/13/10)

Exit Target: $2.30

Return: -70%

Stop Target: None

Action:  Continue to hold.      


Dendreon (DNDN, $36.50, down $0.44) (COVERED CALL)

Entry Price:  $41.96 (9/13/10) sold October 45 call @ $1.30
Exit Target: $45
Return: -10%
Stop Target: None

Action:  We are watching the January calls but want shares to move past $40 before we sell another covered call.

Dendreon opened at $41.96 and you could have sold the October 45 call option for $1.30 on 9/13/10.  This lowered the cost basis to $40.66. 


TiVo (TIVO, $11.15, up $0.03)

November 12 calls (TIVO101120C00012000, $0.45, flat)

Entry Price:  $0.50 (8/17/10)
Exit Target: $1.00+
Return: -10%
Stop Target: None

Action:  Big news coming by 11/9.  Continue to hold.


Other 2010 Portfolio OPEN positions (1):  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.  We are still keeping track of the trade and we will record the results, accordingly, when we close them or the options expire.  Click on the 2010 Portfolio link in the Members Area to view ALL open/ closed trades. 

Intel November 18 puts (from October) (Strangle Trade, call options closed for 42% profit)


WATCH LIST SECTION 

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 sell-off.


Halliburton (HAL, $31.86, up $0.18)

November 30 puts (HAL101120P00030000, $0.70, down $0.15)

Action:  Watch for now.

 

3M Company (MMM, $84.22, down $0.85)

April 95 call (MMM110416C00095000, $1.15, down $0.10)

Action:  We would like to get into these options for under a buck.


Dish Network (DISH, $19.87, up $0.16)

November 19 puts (101120P00019000, $0.55, down $0.05) 

Action:  Watch for now.


Genworth Financial (GNW, $11.33, down $1.25)

November 14 calls (GNW101120C00014000, $0.05, down $0.20)

November 13 puts (GNW101120P00013000, $1.90, up $1.00)

Action:  The options together would have cost you 90 cents last Wednesday when we profiled the trade, or $90 per contract.  If you haven’t locked in gains, do so.


BMC Software (BMC, $45.46, up $1.49)

November 50 calls (BMC101120C00050000, $0.40, flat)

Action:  The calls traded to a high of 65 cents on Friday so there was a chance to make 50% on this trade.


Riverbed Technology (RVBD, $57.59, up $1.01)

November 60 calls (RVBD101120C00060000, $1.55, up $0.10)

Action:  We are trying to get into some longer-term options on this trade and we may wait until after the stock split.


Aruba Networks (ARUN, $21.93, up $0.44)

December 22 calls (ARUN101218C00022000, $1.70, up $0.25)

April 30 calls (ARUN110416C00030000, $0.85, up $0.10)

Action:  Watch for now. 

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