9:00am (EST)
Canadian Solar (CSIQ, $24.32, down $0.75)
May 26 calls (GQA100522C00026000, $1.30, down $0.30)
Entry Price: $1.20 (3/30/10)
Exit Target: $2.00-$2.40
Return: 8%
Stop Target: None
Action: Continue to hold. We think solar is in for a big move and Canadian Solar should go along for the ride.
American Tower (AMT, $42.61, down $0.17)
May 45 calls (AMT100522C00045000, $0.70, down $0.05)
Entry Price: $0.60 (3/29/10)
Exit Target: $1.30+
Return: 17%
Stop Target: None
Action: The smartphone wars can only mean good news for American Tower.
Akamai Technologies (AKAM, $31.42, down $0.19)
April 32 calls (UMU100417C00032000, $0.50, down $0.15)
Entry Price: $1.22 (3/17/10)
Exit Target: $2.45
Return: -59%
Stop Target: 60 cents
Action: Shares of Akamai are higher in early action and our breakeven point is $33.22. That is less than a 10% move and shares are easily capable of making that up in a day.
SanDisk (SNDK, $34.63, down $0.35)
April 36 calls (SWF100417C00036000, $0.55, down $0.25)
Entry Price: $1.17 (3/11/10)
Exit Target: $2.00
Return: -53%
Stop Target: $1.00
Action: SanDisk is back over $35 in pre-market action. Continue to hold.
TiVo (TIVO, $17.13, up $0.35)
May 20 calls (TUK100522C00020000, $0.60, up $0.05)
Entry Price: $0.85 (3/5/10)
Exit Target: $1.70
Return: -29%
Stop Target: $1.60
Action: TiVo has had some good price action lately and we are still expecting good things with this trade.
Other 2010 Portfolio OPEN positions (4): 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.
Berkshire Hathaway Class B (BRK/B, $81.27, down $0.33), EMC (EMC, $18.04, flat), Shuffle Master (SHFL, $8.198, down $0.06), General Mills (GIS, $70.79, down $0.38).
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.
Corning (GLW, $20.21, up $0.04)
August 22 calls (GLW100821C00022000, $0.78, flat)
Action: We are likely to add these to the portfolio next week but we wanted to see how Friday’s non-payroll numbers look before committing.
Research In Motion (RIMM, $73.97, down $0.95)
April 80 calls (RFY100417C00080000, $1.38, down $0.42)
April 70 puts (RFY100417P00070000, $1.95, up $0.25)
April 75 calls (RFY100417C00075000, $3.10, down $0.60)
April 75 puts (RFY100417P00075000, $4.15, up $0.40)
Action: We will update these trades at 1pm.
The straddle trade priced at $7.30 (April 75 calls opened at $3.90 and the April 75 puts opened at $3.40 on 3/29/10). The strangle option trade priced at $3.45 ($2.05 for the April 80 calls and the April 70 puts opened at $1.40 on 3/29/10). We are going to follow these trades through Thursday so you can see how they play out.
Garmin (GRMN, $38.63, up $0.53)
May 33 puts (QGR100522P00033000, $1.30, up $0.15)
May 35 puts (QGR100522P00035000, $2.00, up $0.40)
Action: We would love to see Garmin trade back near $40 before possibly shorting this one.
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