Please remember, ALL “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard Stops” entered to close any trades or “Exit Orders” in your brokerage account unless we list one. We will send out a “Profit Alert” or “Trade Update” if we want you to close a position OR if a new trade comes out. Otherwise, follow instructions at all times in the 9am and 1pm updates. Also, we will usually give you a heads-up if we think we are going to send an email outside of these time frames but it is rare that we do.
12:55pm (EST)
Taiwan Semiconductor Manufacturing (TSM, $13.10, up $0.18)
January 12.50 calls (TSM120121C00012500, $1.00, up $0.15)
Entry Price: $0.80 (11/30/11)
Exit Target: $1.60+
Return: 25%
Stop Target: None
Action: We closed the December 12.50 calls yesterday for a decent profit and rolled into the January 12.50’s as we wanted to give this trade more time to develop. The 52-week high is $14.05 which, if busted, gets these options to at least $1.50-$1.60 for a double.
Microsoft (MSFT, $25.32, down $0.26)
January 25 calls (MSFT120121C00025000, $1.15, down $0.10)
Entry Price: $0.95 (11/29/11)
Exit Target: $1.90+
Return: 21%
Stop Target: None
Action: Our near-term target is $27 which would make these options worth at least $2.
Spreadtrum Communications (SPRD, $25.33, up $0.58)
January 29 calls (SPRD120121C00029000, $1.35, up $0.15)
Entry Price: $1.00 (11/29/11)
Exit Target: $2.00
Return: 35%
Stop Target: None
Action: We would like to see a push to $26 today.
Clean Energy Fuels (CLNE, $12.92, down $0.18)
January 12.50 calls (CLNE120121C00012500, $1.30, down $0.05)
Entry Price: $0.70 (11/25/11)
Exit Target: $1.50
Return: 86%
Stop Target: None
Action: Let’s close HALF of the trade at current levels. There are a lot of headlines coming out in the AM and we would want to take a little off the table.
Symantec (SYMC, $16.22, down $0.13)
January 16 calls (SYMC120121C00016000, $1.00, down $0.05)
Entry Price: $0.70 (11/25/11)
Exit Target: $1.40
Return: 43%
Stop Target: None
Action: Shares are currently forming a bottom and we are looking for a run back to $17.50 by January.
Eaton (ETN, $44.66, down $0.25)
January 47.50 calls (ETN120121C00047500, $1.20, down $0.10)
Entry Price: $0.55 (11/25/11)
Exit Target: $1.10 (closed half @ $1.40 on 11/30/2011)
Return: 136%
Stop Target: $1.00 (HARD STOP on other half)
Action: Our near-term price target is $50 but we have a hard stop of $1.00 on the other half of the trade.
Tesla Motors (TSLA, $32.46, down $)
January 35 calls 2012 (TSLA120121C00035000, $1.10, down $0.10)
Entry Price: $1.10 (11/25/11)
Exit Target: $2.20
Return: 0%
Stop Target: None
Action: We have an aggressive target of $40 for Tesla which would get these call options to $5 if reached. We will stick with the trade as long as the $30 level holds.
Juniper Networks (JNPR, $22.45, down $0.26)
January 25 calls (JNPR120121C00025000, $0.70, down $0.05)
Entry Price: $0.65 (11/21/11)
Exit Target: $1.30
Return: 8%
Stop Target: None
Action: We got our pop back above $22 as shares surged 9% yesterday. This clears the way for a test to $25+.
Other 2011 Portfolio OPEN positions (10): These are trades that are still open in the portfolio that have longer expiration dates or 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 the options expire. Click on the 2011 Portfolio link in the Members Area to view ALL open/ closed trades.
Lufkin Industries December 80 calls (from September 2011)
JDSU Uniphase January 20 calls (from August 2011)
January 16 calls (from August 2011)
Alcoa December 13 calls (from October 2011)
Skyworks Solutions January 25 calls 2012 (from October 2011)
Rambus December 20 calls (from November 2011)
Las Vegas Sands December 52.50 calls (from November 2011)
JPMorgan January 36 calls (2012) (from November 2011)
iShares Russell 2000 December 79 calls (from November 2011)
PowerShares QQQ December 50 puts (from November 2011)
Newpark Resources December 10 calls (from November 2011)
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.
We will update this section in the morning.