Thursday Virtual Portfolio Moves

• UNH – Let’s take out the $55 caller for .60
• $10KP – Lets buy 10 UNH $55s for .60

• TSO $95 puts – in at $1.50, stop at $1.25

Don’t forget it’s prom day for DNDN. You can buy the stock for $5.22, sell the $5 calls for $1.35 and the $5 puts for $1.55 for a potential gain of $2.68. I think they’ll get the approval and, even if they don’t, the stock is not likely to go to 0 right away but the calls will so you can buy them out and the $5 puts on the news maybe even and take a $2 hit on the stock – it’s not a worst case but it’s the most likely worst case.

• CHK $30.00 puts CHK-PF for .25 as a mo play
  • just a craps roll.

Critical failure on SOX, reinitiating mattress plays from yesterday! Same stops!

• DIA Apr $123 puts (DIAPS) at $1.25 stop at at $1.60 
• QQQQ Apr $44 puts (QQQPR) DD at .90, .10 trailing stop.
• IWM Apr $79 puts (IOWPA) $1.30 stop at $1.55 (.10 trail)
• SPY Apr $141 puts (SFBPK) at $1.25 out at $1.75 (same as yeserday, these had the best leverage) 

• BA – selling the $90s for $2

• CEGE Jan $5s are .45

TSO giving you yet another chance! $95 puts are $1.50 again, fun if you are rich and well covered but may not be a good plan into the weekend.

LEND – I don’t like it either, my stop is $9.75 as my basis is $8.50 after the two sells. As long as BZH holds $29, I’m not too worried.

• Buying PBR May $95 puts for $2.65
  • happy to DD at $1.60 if they have the guts to take it to $103.