Weekly Wrap Up

December 9, 2005

219

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