10:45am (EST)

We have 2 more Profit Alerts this morning.

Shares of Safeway (SWY, $35.40, up $2.50) are surging 7% on takeover chatter and our call option trade is now up 180%.  Shares of Kodiak Oil & Gas (KOG, $12.70, down $0.63) are slipping 5% after setting a fresh 52-week peak of $14.11 yesterday.  We are ringing the register on an 85% return.

Subscribers, check the Members Area for the updates and we will be back shortly with our midday report.