9:00am (EST)

CBOE Holdings (CBOE, $24.87, up $0.22)

December 25 calls (CBOE101218C00025000, $1.00, up $0.10)

Entry Price:  $0.75 (11/8/10)

Exit Target: $2.40+

Return: 33%

Stop Target: None

Action:  We think we got a great entry price for this trade and we are looking for shares to make a quick run to $26-$28.

 

Juniper Networks (JNPR, $34.19, down $0.20)

December 35 calls (JNPR101218C00035000, $1.05, down $0.20)

Entry Price:  $1.05 (11/8/10)

Exit Target: $2.10+

Return: 0%

Stop Target: None


November 33 calls (JNPR101120C00033000, $1.60, down $0.15) 

Entry Price:  $1.19 (10/13/10)

Exit Target: $2.00+ (closed half at $1.65 on 11/8/10)

Return: 38%

Stop Target: $1.25 (HARD STOP)  

Action:  We closed half of the November calls and rolled profits into the December calls yesterday.

 

Darden Restaurants (DRI, $48.03, down $0.16)

December 49 calls (DRI101218C00049000, $1.20, down $0.05)

Entry Price:  $1.20 (11/8/10)

Exit Target: $2.40+

Return: 0%

Stop Target: 60 cents

Action:  The 52-week high for the stock is $49 and a break above this level leads to all-time highs or “blue-sky” territory.  If the stock can make it to $51.50 by mid-December the trade would represent a 100+% return as the calls would be worth at least $2.50.

 

Aruba Networks (ARUN, $23.15, up $0.02)

January (2011) 25 calls (ARUN110122C00025000, $1.40, down $0.05)  

Entry Price:  $1.20 (11/2/10)

Exit Target: $2.40+

Return: 17%

Stop Target: 90 cents

Action:  Continue to hold.


PowerShares QQQ (QQQQ, $53.74, up $0.07)

January 53 calls (QQQQ110122C00053000, $2.15, down $0.05) 

Entry Price:  $1.54 (10/27/10)

Exit Target: $3.00+

Return: 40%

Stop Target: $1.50

Action:  Continue to hold. 

 

American Tower (AMT, $52.37, up $0.45) 

April (2011) 60 calls (AMT110416C00060000, $0.90, up $0.10)

Entry Price:  $0.65 (10/20/10)

Exit Target: $1.30+

Return: 38%

Stop Target: None

Action:  Continue to hold.


Chesapeake Energy (CHK, $22.70, up $0.43)

January (2011) 25 calls (CHK110122C00025000, $0.50, up $0.10)

Entry Price:  $1.15 (10/13/10)

Exit Target: $2.30

Return: -57%

Stop Target: None

Action:  Continue to hold.     


Dendreon (DNDN, $34.23, down $0.84) (COVERED CALL)

Entry Price:  $41.96 (9/13/10) sold October 45 call @ $1.30
Exit Target: $45
Return: -16%
Stop Target: None

Action:  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.  We are looking to sell another call option. 


TiVo (TIVO, $11.29, up $0.13)

November 12 calls (TIVO101120C00012000, $0.40, up $0.05)

Entry Price:  $0.50 (8/17/10)
Exit Target: $1.00+
Return: -20%
Stop Target: None

Action:  Continue to hold.


Other 2010 Portfolio OPEN positions (2):  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) 

Biodel March 7.50 calls (from October) 


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. 


3M Company (MMM, $85.86, down $0.48)

December 90 calls (MMM101218C00090000, $0.60, down $0.10)

April 95 call (MMM110416C00095000, $1.20, down $0.15) 

Action:  Continue to watch. 


Dish Network (DISH, $20.05, down $0.76)

November 19 puts (101120P00019000, $0.25, up $0.15) 

Action:  Dish fell nearly 4% yesterday after the stock was downgraded by UBS. 


BMC Software (BMC, $46.34, up $0.17)

December 50 calls (BMC101218C00050000, $1.00, up $0.05) 

Action:  BMC continues to be a rumored buyout target.  


Riverbed Technology (RVBD, $59.25, down $0.03)

December 65 calls (RVBD101120C00060000, $1.80, up $0.10)

Action:  The 2-for-1 split should hit this week and we might see some more momentum come back into this trade afterwards.