9:00am (EST)

Solazyme (SZYM, $11.49, up $0.54)

June 12.50 calls (SZYM130622C00012500, $0.40, up $0.15)

Entry Price:  $0.30 (5/20/13)
Exit Target:  $0.75
Return:  33%
Stop Target:  None

 

June 10 calls (SZYM130622C00010000, $1.55, up $0.45)

Entry Price:  $0.35 (4/25/13)
Exit Target:  $0.70 (5/10/2013 closed a quarter @ 65 cents)
Return:  279%
Stop Target:  $1.05 (Hard Stop)

Action:  Shares traded to a high of $11.66 yesterday and we got our close above $11.  We would like to see a run past $12 this week with $11 holding on any pullback.

 

Petrobras (PBR, $18.91, up $0.18)

June 20 calls (PBR130622C00020000, $0.25, flat)

Entry Price:  $0.25 (5/17/13)
Exit Target:  $0.50+
Return:  0%
Stop Target:  None

 

July 20 calls (PBR130720C00020000, $0.45, flat)

Entry Price:  $0.45 (5/17/13)
Exit Target:  $1.00+
Return:  0%
Stop Target:  None

Action:  The 2-year chart is showing a possible run to $25 if $20 clears.  Support at $18 but there is further risk down to $17 if this level fails to hold.  A close above $19 today would be bullish.

 

Beam (BEAM, $68.33, down $0.61)

June 72.50 calls (BEAM130622C00072500, $0.45, down $0.15)

Entry Price:  $0.60 (5/16/13)
Exit Target:  $1.20
Return:  -25%
Stop Target:  None

Action:  Shares look poised to make a run past $70 as long as $66 holds.  We will exit the trade if shares fall below $64.

 

Goodyear Tire & Rubber (GT, $14.72, down $0.02)

June 14 calls (GT130622C00014000, $1.10, flat)

Entry Price:  $0.45 (5/16/13)
Exit Target:  $0.90
Return:  144%
Stop Target:  75 cents, raise to 90 cents (Hard Stop)

 

June 13 calls (GT130622C00013000, $1.90, flat)

Entry Price:  $0.45 (5/14/13)
Exit Target:  $0.90 (5/16/2013 closed half @ $1.05)
Return:  213%
Stop Target:  $1.30, raise to $1.60 (Hard Stop)

 

July 13 calls (GT130720C00013000, $2.00, flat)

Entry Price:  $0.60 (5/14/13)
Exit Target:  $1.20 (5/16/2013 closed half @ $1.20)
Return:  167%
Stop Target:  $1.70, raise to $1.75 (Hard Stop)

Action:  None of our Hard Stops were triggered on Monday and we raised all of them to a nickel below yesterday’s lows.  The 2-year chart is showing a run to $16, with a possible push to $17.  Short-term support is at $14.

 

MGM Resorts International (MGM, $15.50, up $0.16)

July 17 calls (MGM130720C00017000, $0.35, up $0.05)

Entry Price:  $0.40 (5/10/13)
Exit Target:  $0.80
Return:  -13%
Stop Target:  None

Action:  Short-term support is at $14.50 and we like this trade as long as it holds.  We went with the July options to allow more time for shares to make a run at $20.  A move above $16.50 would be bullish.

 

Yahoo (YHOO, $26.58, up $0.06)

July 28 calls (YHOO130720C00028000, $0.70, flat)

Entry Price:  $0.75 (5/8/13)
Exit Target:  $1.50 (5/15/2013 closed half @ $1.20)
Return:  27%
Stop Target:  60 cents (Hard Stop)

 

January (2014) 31 calls (YHOO140118C00031000, $1.10, up $0.05)

Entry Price:  $1.05 (5/8/13)
Exit Target:  $2.10
Return:  5%
Stop Target:  50 cents

Action:  Shares on on the verge of another breakout and could push $30 on continued momentum.  Support at $24 has been solid and we like both trades as long as $22 holds.  We have a Hard Stop on the July 28’s of 60 cents on the other half of the trade and yesterday’s low was 62 cents.  We closed the other half at $1.20 last Wednesday.

 

Financial Select Sector Spiders (XLF, $19.99, up $0.04)

June 19 calls (XLF130622C00019000, $1.05, up $0.05)

Entry Price:  $0.50 (5/8/13)
Exit Target:  $1.00 (5/15/2013 closed a third @ 90 cents)
Return:  100%
Stop Target:  85 cents, raise to 90 cents (Hard Stop)

Action:  Shares kissed a fresh 52-week peak of $20.09 but missed holding $20 by a penny.  We have a near-term target of $21-$22 for the Financial Spiders.  Support is at $18.50 and we have raised the Hard Stop by a nickel on the rest of the position.

 

Clean Energy Fuels (CLNE, $13.96, up $0.31)

June 14 calls (CLNE130622C00014000, $0.55, up $0.05)

Entry Price:  $0.55 (5/6/13)
Exit Target:  $1.10
Return:  0%
Stop Target:  None

Action:  We think a run to $15 is still in the mix and a close above $14 would be bullish.  Support is at $12.  The chart is showing shares are on the verge of a major breakout (or breakdown).  We could add the September 16 calls (CLNE130921C00016000, $0.55, up $0.05) on a close above $14.

 

Other 2013 Portfolio OPEN positions (1):  These are trades that are still open in the portfolio but are down over 50%.  They have longer expiration dates and are on “hold” but are not worth mentioning until they turn around.  This means we would not open any new positions.  We are still keeping track of the trades and we will record the results, accordingly, when we close them or if the options expire.  Click on the 2013Portfolio link in the Members Area to view ALL open/ closed trades.

Keryx Biopharmaceuticals June 10 calls (from February 2013)

 

WATCH LIST SECTION

These trades are NOT recommendations.  They 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 try not to have more than 12-15 open trades at any one time which is why we created a Watch List.  We will not list entry prices because these stocks are on the verge of breaking out or they could sell off but these are the trades we are watching as new candidates.

 

Apple (AAPL, $442.93, up $9.67)

June 475 calls (mini) (AAPL7130622C00475000, $4.00, up $1.70)

Thoughts:  We are watching these mini options for a possible rebound in Apple and a run past $450.

 

Google (GOOG, $908.53, down $0.65)

June 1000 calls (GOOG130622C01000000, $1.90, down $0.10)

June 800 puts (GOOG130622P00800000, $2.05, down $0.25)

Thoughts:  There are price targets for Goog’s to trip $1,000. Shares could hit 1k but at some point there will be a pullback.  It’s probably a safe bet to say this stock will be at $1,000 or below $800 over the next 30 days and these options together could make a great strangle option trade.

 

Spiders Gold Shares (GLD, $135.12, up $4.05)

June 125 puts (GLD130622P00125000, $1.05, down $0.95)

Thoughts:  We wanted to get into this trade on the break below $140 but we have been late to the party.

 

SAIC (SAI, $15.50, up $0.03)

June 15 calls (SAI130622C00015000, $0.70, flat)

Thoughts:  Shares are making a run at $16.

 

Michael Kors Holdings (KORS, $60.58, down $0.03)

June 65 calls (KORS130622C00065000, $1.95, up $0.10)

Thoughts:  Earnings are due out this week.

 

Regeneron Pharmaceuticals (REGN, $263.64, down $3.33)

June 310 calls (REGN130622C00310000, $2.00, down $0.30)

Action:  A close back above $280 should get our $300 target in play.

 

Boeing (BA, $98.72, down $0.20)

June 100 calls (BA130622C00100000, $1.65, down $0.10)

Thoughts:  We should have been in Boeing once shares cleared $80.  In any event, we like these calls for a possible push past $100.

 

JPMorgan Chase (JPM, $52.29, down $0.01)

June 55 calls (JPM130622C00055000, $0.33, flat)

Thoughts:  Shares could make a run at $55 as long as $50 holds.

 

Nasdaq OMX Group (NDAQ, $31.34, up $0.08)

June 31 calls (NDAQ130622C00031000, $0.95, flat)

June 32 calls (NDAQ130622C00032000, $0.55, flat)

Thoughts:  We are expecting a push to $32 as long as short-term support at $30 holds.

 

Spider S&P 500 (SPY, $166.93, down $0.01)

June 160 puts (SPY130622C00160000, $0.75, flat)

Thoughts:  Just in case we need a short-term put trade.