9:00am (EST)
Research In Motion (RIMM, $65.40, down $0.40)
Feb 60 puts (RFYNL, $1.35, down $0.09)
Entry Price: $1.50 (1/6/10)
Exit Target: $3.00
Return: -10%
Stop Target: 75 cents
Action: RIMM teased us yesterday by dipping below $65 and rebounding but the message is clear. We think this stock is ready to break down like a rented mule. Resistance is at $68 and our near-term target is $62 then $60.
Las Vegas Sands (LVS, $18.10, down $0.17)
February 18 calls (LJJBR, $1.46, down $0.18)
Entry Price: $0.95 (1/5/10)
Exit Target: $2.00
Return: 54%
Stop Target: $1.10
Action: Continue to hold.
Green Mountain Coffee Roasters (GMCR, $82.94, up $0.16)
February 95 calls (QGMBS, $1.60, down $0.15)
Entry Price: $1.15 (1/4/10)
Exit Target: $2.30
Return: 39%
Stop Target: $1.25
Action: Continue to hold.
Imax (IMAX, $14.31, up $0.25)
January 12.50 calls (IMQAV, $1.85, up $0.25)
Entry Price: $1.05 (12/15/09)
Exit Target: $2.00+
Return: 52%
Stop Target: $1.45
Action: These options expire next Friday and we don’t want to hold these call options over the weekend. Try to close the calls for $2 again today by setting good ‘til cancel (GTC) orders and be sure to lock in profits if the options dip below $1.50.
Exxon Mobil (XOM, $70.02, up $0.60)
April 75 calls (XOMDO, $0.94, up $0.06)
Entry Price: $1.45 (12/15/09)
Exit Target: $2.90
Return: -35%
Stop Target: $0.50
Action: Exxon finally broke $70 again and could be setting up for a run to $75 if we can hold these levels.
TiVo (TIVO, $11.00, up $0.28)
February 12.50 calls (TUKBV, $1.10, up $0.15)
Entry Price: $0.75 (11/30/09)
Exit Target: $1.50
Return: 47%
Stop Target: 50 cents
Action: We can almost feel some kind of news coming…