1:10pm (EST)
Las Vegas Sands (LVS, $17.99, up $1.37)
February 18 calls (LJJBR, $1.42, up $0.65)
Entry Price: $0.91 (1/5/10)
Exit Target: $2.00
Return: 49%
Stop Target: $1.10
Action: The call options opened at 91 cents this morning and at 9:33am the calls were right at $1.00. Some of you may not have pulled the trigger because we said do not pay over a dollar but when you see situations like these, it is okay to pay another nickel or two.
The problem when buying at the open is that prices can get inflated and I didn’t want people paying $1.20 or $1.50 right off the bat. We did our best guess on where the options might open at if the stock started the session higher.
Either way, the action at the bell was a clear sign traders were piling in and riding the Casino sector higher. We have placed a stop target at $1.10 to protect profits right off the bat.
Green Mountain Coffee Roasters (GMCR, $84.84, up $3.54)
February 95 calls (QGMBS, $2.15, up $0.80)
Entry Price: $1.15 (1/4/10)
Exit Target: $2.30
Return: 87%
Stop Target: 55 cents, raise to $1.50
Action: Green Mountain is up 4% today and we see $90 on the horizon…
Imax (IMAX, $14.02, up $0.72)
January 12.50 calls (IMQAV, $1.55, up $0.60)
Entry Price: $1.05 (12/15/09)
Exit Target: $2.00+
Return: 48%
Stop Target: 60 cents
Action: Continue to hold. We will update this position at length on Wednesday.
Exxon Mobil (XOM, $69.30, up $0.15)
April 75 calls (XOMDO, $0.84, up $0.04)
Entry Price: $1.45 (12/15/09)
Exit Target: $2.90
Return: -43%
Stop Target: $0.50
Action: Continue to hold.
A123 Systems (AONE, $22.53, down $0.27)
January 21 calls (ZKQAU, $1.90, down $0.20)
Entry Price: $0.80 (12/04/09)
Exit Target: $2.50-$3.00 (sold half on 12/30/09 @ $2.00)
Return: 138%
Stop Target: $1.75
Action: Continue to hold.
TiVo (TIVO, $10.63, flat)
February 12.50 calls (TUKBV, $0.80, flat)
Entry Price: $0.75 (11/30/09)
Exit Target: $1.50
Return: 7%
Stop Target: None
Action: Continue to hold.
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