1:05pm (EST)
PowerShares QQQ (QQQQ, $46.24, down $0.01)
July 45 puts (QQQQ100717P00045000, $1.30, down $0.05)
Entry Price: $1.50 (6/2/10)
Exit Target: $3.00+
Return: -13%
Stop Target: 75 cents
Action: Continue to hold. The July options have 43 days before they expire.
F5 Networks (FFIV, $70.90, up $1.62)
July 60 puts (FFIV100717P00060000, $1.40, down $0.40)
Entry Price: $1.85 (6/2/10)
Exit Target: $2.20+
Return: -24%
Stop Target: 90 cents
Action: F5 might run near its 52-week high of $74 but we still think shares will be at or below $60 over the next 6 weeks.
Moody’s (MCO, $19.67, down $0.23)
July 18 puts (MCO100717P00018000, $1.00, up $0.05)
Entry Price: $1.10 (6/1/10)
Exit Target: $2.20+
Return: -9%
Stop Target: 55 cents
Action: Continue to hold.
Qualcomm (QCOM, $36.34, up $0.32)
July 34 puts (QCOM100717P00034000, $0.85, down $0.05)
Entry Price: $1.08 (6/1/10)
Exit Target: $2.00+
Return: -21%
Stop Target: 50 cents
Action: Continue to hold.
SanDisk (SNDK, $46.28, down $0.15)
July 34 puts (SNDK100717P00034000, $0.90, flat)
Entry Price: $1.50 (5/10/10)
Exit Target: $3.00
Return: -40%
Stop Target: None
Action: Continue to hold.
Other 2010 Portfolio OPEN positions (3): 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. Many of these trades are months old so new subscribers should not be in them. We are still keeping track of the trade and we will record the results, accordingly, when we close them or they expire. Click on the 2010 Portfolio link in the Members Area to view ALL open/ closed trades.
A123 Systems, Berkshire Hathaway Class B, Vale and Wells Fargo.
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 or because we are waiting for better entry prices. We will not list entry prices because these stocks are on the verge of breaking out or they could selloff.
Apollo Group (APOL, $51.69, up $0.22)
July 45 puts (APOL100717P00045000, $1.80, down $0.05)
Action: Continue to watch.
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