11:40am (EST)

Solazyme (SZYM, $12.71, up $0.35)

July 12.50 calls (SZYM120721C00012500, $0.70, up $0.15)

Original Entry Price:  $12.40 (4/17/12)

Lowered Price from Selling Options: $11.30    

Exit Target:  $15+

Return:  12%

Stop Target:  None

Action:  Sell the July 12.50 calls for 70 cents which will lower our cost basis to $11.30.

 

Bank of America (BAC, $8.09, up $0.33)

August 9 calls (BAC120818C00009000, $0.23, up $0.08)

Original Entry Price:  $8.93 (4/17/12)

Lowered Price from Selling Options and Dividends: $8.24  

Exit Target:  $15+

Return:  -3%

Stop Target:  None

Action:  Sell the August 9 calls at current levels  which will reduce our cost to $8.24.

 

Pandora Media (P, $11.14, down $0.33)

Original Entry Price:  $10.58 (3/20/12)

Lowered Price from Selling Options:  $10.18

Exit Target:  $12

Return:  9%

Stop Target:  Non 

Action:  We don’t like how shares are trading so let’s lock in profits.  Close the trade at current levels.

 

Alcoa (AA, $8.84, up $0.15)

August 9 calls (AA120818C00009000, $0.38, up $0.05)

Original Entry Price:  $9.65 (1/12/12)

Lowered Price from Selling Options and Dividends:  $8.76

Exit Target:  $11

Return:  1%

Stop Target:  None 

Action:  Sell the August 9 calls at current prices which will lower our cost basis to $8.76.