1:15pm (EST)
Vivus (VVUS, $10.06, down $0.17)
March 10 calls (QJSCB, $1.35, down $0.10)
Entry Price: $1.35 (1/7/10)
Exit Target: $2.70
Return: 0%
Stop Target: 65 cents
Action: There is a lot of buzz surrounding Vivus right now. Although shares are slightly lower today we like to see the stock at least hold $10. Our near-term target for Vivus is $12.50 which would make these calls worth $2.50-$2.70. These options have 70 days until they expire.
Research In Motion (RIMM, $65.32, up $0.02)
Feb 60 puts (RFYNL, $1.15, down $0.15)
Entry Price: $1.50 (1/6/10)
Exit Target: $3.00
Return: -23%
Stop Target: 75 cents
Action: Shares have dipped below $65 but can seem to stay under that level. We can see the weakness in the shares and we still think the stock trades to $62 then $60 over the next few weeks. If not then, we still have 42 days before these options expire.
Las Vegas Sands (LVS, $18.16, down $0.34)
February 18 calls (LJJBR, $1.42, down $0.278)
Entry Price: $0.95 (1/5/10)
Exit Target: $2.00
Return: 49%
Stop Target: $1.10
Action: LVS looks like it wants to go higher. Our near-term target is $20.
Green Mountain Coffee Roasters (GMCR, $80.63, down $0.95)
February 95 calls (QGMBS, $1.15, down $0.20)
Entry Price: $1.15 (1/4/10)
Exit Target: $2.30
Return: 0%
Stop Target: $1.25, lower to 60 cents
Action: We have given up our gains as shares touched $85 earlier this week but have come back down to “fill in the gaps”. As long as we stay above $80 we think this trade will do okay but we are keeping a close watch on this one.
Exxon Mobil (XOM, $69.50, down $0.30)
April 75 calls (XOMDO, $0.86, down $0.06)
Entry Price: $1.45 (12/15/09)
Exit Target: $2.90
Return: -41%
Stop Target: $0.50
Action: These call do not expire until April or another 98 days so we will have to be patient with this one…
TiVo (TIVO, $10.80, down $0.06)
February 12.50 calls (TUKBV, $0.95, down $0.10)
Entry Price: $0.75 (11/30/09)
Exit Target: $1.50
Return: 27%
Stop Target: 50 cents
Action: Continue to hold.
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