12:50pm (EST)

We have a NEW TRADE for our Weekly Wrap that we are adding today and an update on a current trade as well.  We have played the stock in the past for our portfolio with the new trade and the current trade we are updating could make us nearly 35% by mid-May.  The Weekly Wrap is 10-1 for the year and 54-3 since we started the publication a little over 2 years ago.

If you would like to see the Track Record for all of the closed trades for the Weekly Wrap, send us an email.  Even better, if you would like a one-week free trial to the Weekly Wrap, email us and tell your friends.

Subscribers, check the Weekly Wrap Premium section for the New Trade!

 

Members Area

New Trade!!!

magicJack VocalTec (CALL, $16.65, up $0.66)

Sell to OPEN May 17.50 calls (CALL130518C00017500, $0.90, up $0.20.

Action:  We like the stock at current levels and we are selling the May 17.50 calls to lower our cost basis to $15.75.  If we are called away at $17.50 in mid-May the trade will make 11%.

 

Current Trades

Keryx Biopharmaceuticals (KERX, $8.19, up $0.85)

May 9 calls (KERX130518C00009000, $0.50, up $0.25)

Original Entry Price:  $7.22 (2/12/13)

Lowered Price from Selling Options:  $7.22

Exit Target:  $10+

Return:  13%

Stop Target:  None

Action:  We are selling the May 9 calls for 50 cents that will lower our cost basis to $6.72.  If we are called away at $9 in mid-May the trade will make us 34%.