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2024
September 24th, 2010 at 10:08 am
NFLX/DD – Always have your eye on the roll. Right now, NFLX is $166 and the $165 calls are $9.20 so almost all premium. The roll is to the Nov $180s, now $9.10 so the only time we worry is if that roll relationship (flat) begins to move against us. Otherwise, there is no need to do anything. The Jan $195 calls are $9 so unless that time-frame is unacceptable (and, if it is, then selling naked calls is never a good idea) then unless your 3-month target for NFLX is now $200, there’s really nothing to worry about.
Blink/Rain – I like Gladwell but haven’t read Blink. Thanks.
COST making year highs. PCLN on the march again. MEE making progress (an old pick). EXPE making new highs.
Chart guy/Exec – I like those videos. I’m going to have Ilene contact him.
Yay, New Home Sales 288,000, up from record-low 276,000 so now we are building 15 homes per day per state. That’s gotta employ like 100 people easy! Still going to take us higher as it wasn’t negative but this should be it as we’re hitting 2.5% on SOX and Transports and AAPL is lagging the Nas and, of course, the weekend is going to be tough not to sell into! Now we wait for Lacker at 1pm.
Home Prices were down 1.2% to get that 4.3% rise in sales.
HOV at $3.90 – heading back over $4.
China/Ocelli – I don’t think the metals thing was tied to the fisherman. I think China just wants to make sure their home industry has firsd dibs on rare metals so they are stockpiling the good stuff.