9:00am (EST)

JDS Uniphase (JDSU, $12.21, up $0.18)

March 12 calls (JDSU110319C00012000, $1.30, up $0.05)

Entry Price:  $1.25 (11/19/10)

Exit Target: $2.50

Return: 4%

Stop Target: 60 cents

Action:  The March options have 115 days before expiration.  Continue to hold.


Juniper Networks (JNPR, $34.55, down $0.18)

January 35 calls (JNPR110122C00035000, $1.70, down $0.15)

Entry Price:  $1.30 (11/17/10)

Exit Target: $2.60

Return: 31%

Stop Target: $1.00 

Action:  We are looking for shares to test their 52-week high of $36 within the next few weeks.  Continue to hold.


Riverbed Technology (RVBD, $33.26, up $1.81)

March 35 calls (RVBD110319C00035000, $3.20, up $0.70)

Entry Price:  $1.40 (11/17/10)

Exit Target: $2.80

Return: 129%

Stop Target:  $2.10

Action:  Shares hit another 52-week high of $33.50 yesterday.  Continue to hold.


CBOE Holdings (CBOE, $24.80, down $0.22)

December 25 calls (CBOE101218C00025000, $0.85, down $0.10)

Entry Price:  $0.75 (11/8/10)

Exit Target: $2.40+

Return: 13%

Stop Target: None

Action:  Continue to hold.


Darden Restaurants (DRI, $49.20, up $0.16)

December 49 calls (DRI101218C00049000, $1.55, up $0.05) 

Entry Price:  $1.20 (11/8/10)

Exit Target: $2.40+

Return: 29%

Stop Target: $1.25

Action:  We are looking for a break above $50 and a possible run to $55.  Continue to hold.


Aruba Networks (ARUN, $24.22, up $0.88)

January 25 calls (ARUN110122C00025000, $1.50, up $0.30)

Entry Price:  $1.20 (11/2/10)

Exit Target: $2.40+

Return: 25%

Stop Target:  60 cents

Action:  Continue to hold.


PowerShares QQQ (QQQQ, $52.91, up $0.44)

January 53 calls (QQQQ110122C00053000, $1.45, up $0.10)

Entry Price:  $1.54 (10/27/10)

Exit Target: $3.00+

Return: -6%

Stop Target: 75 cents

Action:  Continue to hold.


American Tower (AMT, $51.83, down $0.11)

April (2011) 60 calls (AMT110416C00060000, $0.70, down $0.05)

Entry Price:  $0.65 (10/20/10)

Exit Target: $1.30+

Return:  8%

Stop Target: None

Action:  Continue to hold.


Dendreon (DNDN, $36.88, down $0.59) (COVERED CALL)

December 40 call (DNDN101218C00040000, $0.55, down $0.40)

Entry Price:  $41.96 (9/13/10) sold October 45 call @ $1.30, (11/11/10) sold December call @$1.75

Exit Target: $45

Return: -5%

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.

On 11/11/10 we sold the December 40 call option for $1.75 which lowered our cost basis to $38.91.  If the stock gets “called away” from us by mid-December then we make 3% in 3 months.


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.   

Biodel March 7.50 calls (from October)

Chesapeake Energy January 25 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.


Skyworks Solutions (SWKS, $24.84, up $0.72)

December 25 calls (SWKS101218C00025000, $0.90, up $0.30)

Action: We are starting to like the price action in this one.  The stock hit a fresh 52-week high of $24.88 yesterday and the company reported solid earnings a couple of weeks ago.


Brocade Communications Systems (BRCD, $5.70, down $0.05)

January 5 calls (BRCD110122C00005000, $0.89, down $0.04) 

April 6 calls (BRCD110416C00006000, $0.52, down $0.05) 

Action:  Continue to watch.  


THQ (THQI, $5.14, up $0.35)

December 5 calls (THQI101218C00005000, $0.30, up $0.15)

March 5 calls (THQI110319C00005000, $0.70, up $0.15)

Action:  Continue to watch. 


Cisco Systems (CSCO, $19.56, down $0.05)

Action:  We are looking at Cisco as a covered call trade.


Foster Wheeler (FWLT, $28.81, down $0.07)

January 30 calls (FWLT110122C00030000, $1.25, down $0.10)

Action:  These options traded to a low of 97 cents on Monday but we decided to wait. 


Ingersoll-Rand (IR, $41.15, up $0.24)

January 45 calls (IR110122C00045000, $0.40, flat)

Action:  Watch for now.