1:10pm (EST)
Best Buy (BBY, $40.91, down $0.08)
April 41 calls (BYY100417C00041000, $1.50, down $0.05)
Entry Price: $1.10 (3/18/10)
Exit Target: $2.20
Return: 36%
Stop Target: 55 cents, raise to $1.00
Action: Best Buy has held up well and the calls have traded to a high of $1.64. We have raised the stop.
Akamai Technologies (AKAM, $30.86, down $0.53)
April 32 calls (UMU100417C00032000, $0.65, down $0.25)
Entry Price: $1.22 (3/17/10)
Exit Target: $2.45
Return: -47%
Stop Target: 60 cents
Action: We are going to hold this one for now. However, if Akamai falls below $30 we might consider closing the position.
SanDisk (SNDK, $33.48, up $1.23)
April 36 calls (SWF100417C00036000, $0.58, up $0.18)
Entry Price: $1.17 (3/11/10)
Exit Target: $2.00
Return: -50%
Stop Target: 50 cents
Action: Continue to hold. We told you SanDisk is capable of big moves and we are still pushing for new 52-week highs by the time these options expire.
Bucyrus International (BUCY, $65.22, up $0.17)
April 70 calls (HIK100417C00070000, $1.05, down $0.05)
Entry Price: $1.60 (3/11/10)
Exit Target: $2.40
Return: -34%
Stop Target: 80 cents
Action: Bucyrus traded to a low of $63.30 but held support and is now higher. Continue to hold.
Berkshire Hathaway Class B (BRK/B, $82.01, down $0.05)
June 100 calls (BPY100619C00100000, $0.10, flat)
Entry Price: $0.50 (2/1/10)
Exit Target: $1.00+
Return: -80%
Stop Target: None
September 100 calls (BPY100918C00100000, $0.45, flat)
Entry Price: $0.95 (2/1/10)
Exit Target: $2.00
Return: -53%
Stop Target: None
Action: Continue to hold.
EMC (EMC, $18.73, up $0.12)
April 19 calls (EMC100417C00019000, $0.32, up $0.05)
Entry Price: $0.55 (1/19/10)
Exit Target: $1.00
Return: -42%
Stop Target: $0.25
Action: Continue to hold.
Other 2010 Portfolio OPEN positions (2): These are trades that are still open in the portfolio that have longer expiration dates but are not worth mentioning until they turn around. This way you know we are still tracking them and we will record the results, accordingly. Click on the 2010 Portfolio link in the Members Area to view ALL open/ closed trades.
Shuffle Master (SHFL, $8.02, down $0.02), TiVo (TIVO, $16.47, up $0.50).
WATCH LIST SECTION
These trades are NOT recommendations until we send out an alert. These are trades that we like but have not added to the portfolio as an official recommendation because of market conditions. We will not list entry prices because these stocks are on the verge of breaking out or they could selloff.
Walgreen (WAG, $35.40, up $0.87)
April 35 calls (WAG100417C00035000, $1.25, up $0.60)
Action: These options opened at 75 cents and have continued higher. We don’t want to chase but we hope some of you got in early this morning.
Sonic (SONC, $11.07, down $0.12)
April 10 puts (ZSQ100417P00010000, $0.15, flat)
Action: The bid has bumped up to 20 cents but these options are thinly traded. As much as we want to jump on this one, we just don’t like the low volume.
General Mills (GIS, $72.91, down $0.43)
April 75 calls (GIS, $0.50, down $0.15)
Action: Tempting…
Lululemon Athletica (LULU, $35.02, up $1.52)
April 30 puts (QLN100417P00030000, $0.50, down $0.20)
Action: Hmmm..shares are rallying into earnings.
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