1:00pm (EST)
Research In Motion (RIMM, $64.53, down $1.27)
Feb 60 puts (RFYNL, $1.66, up $0.22)
Entry Price: $1.50 (1/6/10)
Exit Target: $3.00
Return: 11%
Stop Target: 75 cents
Action: Shares of RIMM broke below $65 and have been in a steady downtrend since the opening bell. Our near-term target is $62 which could be taken out this week.
Las Vegas Sands (LVS, $18.00, down $0.27)
February 18 calls (LJJBR, $1.43, down $0.21)
Entry Price: $0.95 (1/5/10)
Exit Target: $2.00
Return: 51%
Stop Target: $1.10
Action: Shares are holding $18 which looks like a good sign. Our near-term target is $20 which would give these calls a minimum bid of $2.
Green Mountain Coffee Roasters (GMCR, $83.30, up $0.52)
February 95 calls (QGMBS, $1.85, up $0.10)
Entry Price: $1.15 (1/4/10)
Exit Target: $2.30
Return: 61%
Stop Target: $1.25
Action: Shares have touched $84 today and the options have traded as high as $1.90. Continue to hold.
Imax (IMAX, $14.40, up $0.34)
January 12.50 calls (IMQAV, $1.85, up $0.25)
Entry Price: $1.05 (12/15/09)
Exit Target: $2.00+
Return: 52%
Stop Target: $1.10, raise to $1.45
Action: The calls have hit $2.05 today and it is probablt time we look to exit the trade. Try to sell the calls for $2.00-$2.10 today. If we get a late day surge in shares of Imax then sell into strength. Otherwise, noticed we have moved the stop target up.
Note, if Imax slips from here, we will close the trade at $1.45. We will not send out an alert for this one so watch your positions.
Exxon Mobil (XOM, $69.87, up $0.45)
April 75 calls (XOMDO, $0.90, up $0.02)
Entry Price: $1.45 (12/15/09)
Exit Target: $2.90
Return: -38%
Stop Target: $0.50
Action: Continue to hold.
A123 Systems (AONE, $22.66, up $0.27)
January 21 calls (ZKQAU, $2.00, up $0.25)
Entry Price: $0.80 (12/04/09)
Exit Target: $2.50-$3.00 (closed half on 12/30/09 @ $2.00)
Return: 119%
Stop Target: $1.50 (closed half on 1/6/10)
Action: We think another big announcement is due and we like the February 25 calls (ZDYBE, $1.05, up $0.15) at current prices. However, we are holding off on recommending a trade at this time until we close a few others.
TiVo (TIVO, $11.00, up $0.28)
February 12.50 calls (TUKBV, $1.05, up $0.10)
Entry Price: $0.75 (11/30/09)
Exit Target: $1.50
Return: 40%
Stop Target: 50 cents
Action: “There’s something happening here….what it is ain’t exactly clear”…
Oh, yeah, we know the story. Those rumors we told you about this morning are making full circle today. We aren’t sure if litigation news is pending any day or next week but the buzz is building. Continue to hold.
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