1:45pm (EST)

With nonfarm payrolls out tomorrow, we want to close our Verizon Communications (VZ, $41.60, up $0.18) call option trade in case the numbers are bad and the market retreats to new lows.

Shares have been slow moving since setting a 52-week high a few weeks ago and we would rather deploy the capital in faster moving trades.

Subscribers, check the Members Area for the update and we will be back in the morning with some more juicy tidbits.