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Weekly Wrap Up

A pretty good week in a choppy market, the nice finish gave me real hope but I would have liked to have seen the S&P get back over 1,260.

Oil completely sold off yesterday in fear of warm weather and nice Saudi Princes at Monday’s meeting. I think next week will show that people are mistaken on both of those fronts.

Quick review of the week’s picks:

Color Codes : Winner So-So Caution Oops

  • ABTG is up 20% since Monday’s open
  • ADM – stopped out even, then went up unexpectedly
  • AHR continues to be dull and safe
  • AV is down 9% from Monday’s open, as expected
  • BA Feb $75 call is flat at .90, the $65 put is up .10 – no change, the stock is up just .65 for the week
  • BCRX is down .33 with the call sold up .30 so even so far… Waiting for the conference on the 12th for this one to move
  • BOOM flatlined
  • BSX (Mon TOTD) was a 100% winner but my Intraday trade on the same stock for the .10 put went out for .40 – 400%
  • CHK (Tues TOTD) April $27.50 is flat but a definate holder @ $5.90 – if you are nervous you can sell the Jan $32.50 for $1.30 but you will hate yourself if it runs up.
  • COP is sadly flat from Monday
  • CPN is up .04 this week, that’s 20% but this is a long position.
  • CSCO was a goood one to stay away from, down 2%
  • DELL Jan $27.50s are up another 25% raise stop to $4.50
  • DHI – up 3% from Thurs call on builders
  • ECA was flat on a bad oil day
  • EK is flat from Tues re-pick way up from the original pick!
  • ELN was up 30% but it never came in enough for me to buy this week but was a pick way back at $8.50!
  • ERTS was down 2% today as expected
  • GDT was flat to down as predicted
  • GG picked up 6% for the week and I called the top on that one!
  • GM puts went out at 20%, too dangerous to keep betting on
  • HOV Jan $55 callis down to .70 – down .45
  • HOV Jan $45put is $1.10 – flat
  • GLW Jan $20s entered at $1.60 up .15 today
  • IBM recovered too fast for us to get in 8-(
  • INTC Jan $27.50s are .40, down .05
  • INTC $25 calls went from .25 to 1.20 today!!! Nice day trade!!!
  • LLY (Friday TOTD) came in a little high at $5.50 but made .80 back on the Dec call – so far the loss is a painful $1.10 but I did say it would have been smarter to take the 10% when we had the chance. I still have faith that this one will work anyway.
  • LVS did stop out at $5 (325%)
  • MET was flat
  • MOT is up 2% from Wed, I hope I called that bottom right
  • MRB was called out yesterday 20%+ (thank goodness!)
  • MRK – Dec. $30 call was pulled at 100% profit – to say we called the top on that is an understatement!!!
  • MRK Dec $30 put was a double for me but I didn’t post it in time for anyone else to get it
  • MSFT (Weds TOTD) is flat but the Jan $27.50 eroded .10
  • NGS lost 2% today – I think oil/gas will be back next week
  • NBR is up 7%
  • NOK was flat
  • OII picked up 5% even today on a bad oil day it was up.
  • PD was repicked on Thurs, up 2%
  • PLAY is up 20% on the stock, the option was a triple!
  • PTEN gained 3% and half was today!
  • RIMM stopped out all positions at nice profits today on false information, more next week. Even if you missed it the Jan $55 puts are still up 75% but shame on you for not having a tighter stop on it!
  • SHLD Jan ’07 $105s are up 23% and we picked up another $3 on the calls we sold!
  • SHLD $125 calls stopped out for -15%, this is why I don’t day trade.
  • SIRI (Thurs TOTD) was a PERFECT entry! The stock is up 6% but the March $6 is up 15%!
  • SLB was flat for the week
  • STX Jan 20s are up 40% but you should have been out of the call for 100% on Monday. If you took the stock and sold the $20 call, you are up 8%.
  • SYMC went south on us for -3%
  • SUNW picked up 8% and came close enough to our $4.50 target that I’m out.
  • TASR Jun $5s are up .10 so far – no worries there but I will look for a time to sell the Jan $7.50s
  • TDW gained 2%
  • TMG (Tues TOTD #2) stock is flat since Tues am, but the March $7.50 calls are up 100%, I did say to get out at just 50% though…
  • TOL Jan $32.50 = $3.90, down .10 – I called the dead bottom at $34 though…
  • TWX – Dec $18 still worth .10 but looking bad
  • WAG stopped us out at 10% on Tuesday
  • WHR recovered 1/2 but is still down 2% – I’m done with this one..
  • YELL is still in a holding pattern

The RIMM Jan $72.50 put that we bought went up .80 while the Jan $70 put we sold went up just .80 too, even though the stock was up $3.30. I am keeping these open because I do not believe the rumor that it settled but I don’t blame anyone for dumping this.

Well that was the week in review, it helps me to go over all that stuff, hopefully I learn something…

Next week I have these on the front burner:

AAPL – waiting for pullback below $72
BP – dropped as expected, waiting for more
EBAY – I called a bottom on Thurs but I’m not certain
GG – looking good again but I’m waiting
HD – I still like this if it hits $40
PNRA – still on my watch list for a short
SBUX – wait for entry

Have a nice weekend,

- Phil


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