Gold and Energy Options Trader -- Gold, Oil & Energy Markets Investment Research
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Geoff Garbacz James DiGeorgia

Alerts

#699: Tue 2/6/2018 11:03 AM EST
Lock In GLD Puts

Yesterday we recommended the SPDR Gold Shares ETF (GLD) February Wk4 $126.50 Put that was trading at $1.14. GLD was at $126.68 and is now at $125.99. The put is now at $1.54 for a gain of $0.40 or 35.08%. ~more~

#698: Mon 2/5/2018 11:16 AM EST
Second Trade Of The Year

We are trading GLD again as it is set to move ... ~more~

#697: Tue 1/9/2018 10:20 AM EST
Lock In Gains On GLD Puts

Yesterday we recommended buying the SPDR Gold Shares ETF (GLD) February $125 Put that was trading at $1.42. GLD was at $125.24 and is now at $124,43. The put is now at $1.81 for a gain of $0.39 or 27.64%. ~more~

#696: Mon 1/8/2018 3:09 PM EST
New Trade On GLD

Our first trade of the year is Gold via GLD. We will buy the ~more~

#695: Thu 12/21/2017 11:35 AM EST
Lock In Gains On GLD Calls

Last Friday we recommended the SPDR Gold Shares ETF (GLD) February $118 Call that was trading at $2.75. GLD was at $119.13 and is now at $120.29. The call is now at $3.35 for a gain of $0.60 or 21.81%. ~more~

#694: Fri 12/15/2017 10:30 AM EST
New Trade in GLD

Finally! A new trade in GLD. Gold and GLD look ready to ... ~more~

#693: Tue 12/12/2017 11:54 AM EST
Lock In Gains On FCX Calls

A little more than a month ago we recommended the Freeport McMoran (FCX) January $15 Call that was trading at $0.92. FCX was at $14.83 and is now at $15.72. The call is at $1.14 for a gain of $0.22 or 23.91%. ~more~

#692: Wed 11/8/2017 2:10 PM EST
New Trade

We are going to play Freeport McMoran (FCX) which we have played before. We will buy the January ... ~more~

#691: Tue 10/17/2017 11:24 AM EDT
Lock In Gains On GLD Puts

Last Thursday we recommended to buy puts on the SPDR Gold Shares ETF (GLD) using the November $123 Put that was trading at $1.64. GLD was at $122.92 and is now at $121.84. The put is at $2.05 for a gain of $0.41 or 25%. ~more~

#690: Thu 10/12/2017 1:25 PM EDT
New Trade

We are going to trade the SPDR Gold Shares ETF (GLD) and will buy the ... ~more~

#689: Mon 8/28/2017 10:06 AM EDT
Lock In Gains On UGA Calls

Friday we recommended calls on the United States Gasoline Fund LP ETF (UGA) using the October $26 Call that was trading at $1.70. UGA was at $26.70 and is now at $27.68. The call is at $2.15 for a gain of $0.45 or 26.47%. ~more~

#688: Fri 8/25/2017 3:35 PM EDT
New Trade In SPY

New Trade In SPY. We are going back in abd will buy the October ... ~more~

#687: Fri 8/25/2017 3:02 PM EDT
New Trade

We are going to play UGA and will buy the October ~more~

#686: Mon 8/21/2017 10:51 AM EDT
Lock In Gains On SPY Puts

We recommended the SPDR S&P 500 (SPY) September $247 Put last week that was trading at $3.13. SPY was at $246.57 and is now at $242.37. The put is now at $5.88 for a gain of $2.75 and 87.86%. ~more~

#685: Mon 8/14/2017 3:23 PM EDT
New Trade In SPY

We closed out our SPY Put trade last Thursday and will buy the September ... ~more~

#684: Thu 8/10/2017 12:30 PM EDT
Lock In Gains On SPY Puts

On July 24th, we recommended selling the S&P 500 via SPY the S&P 500 ETF (SPY) using the August $246.50 Put that was trading at $1.66. SPY was at $246.66 and is now trading at $244.78. The put is now at $2.542. The gain is $0.88 or 53.01%. ~more~

#683: Thu 7/20/2017 10:45 AM EDT
Futures Up Slightly

U.S. futures: S&P +1.25, Dow Jones +5, NDX +5.25 and Russell 2000 -0.40. Asia and Europe higher. ~more~

#682: Wed 6/7/2017 2:17 PM EDT
Time To Get Back In The Game

We are going back into gold via GLD for the first time since mid May. We will buy the July ... ~more~

#681: Tue 5/16/2017 12:10 PM EDT
Lock In Gains On GLD Calls

Last Monday we recommended the SPDR Gold Shares (GLD) June $116 Call. The call was worth $2.26 and GLD was at $116.82. GLD is now at $117.72 and the call is at $2.52. The gain is $0.26 or 11.06%. ~more~

#680: Mon 5/15/2017 9:42 AM EDT
Lock In Gains On USO Calls

On May 3rd we recommended buying the United States Oil Fund ETF (USO) June $9 Call. The call was worth $1.09 and USO was at $9.89. USO is now at $10.22 and the call is at $1.28 for a gain of $0.19 or 17.43%. ~more~

#679: Mon 5/8/2017 3:17 PM EDT
Going Back Into GLD

We back into GLD for the seventh time this year. We will buy the June ... ~more~

#678: Wed 5/3/2017 11:41 AM EDT
New Trade In USO

We are moving into USO for the first time this year. Our last trade in USO made 36.25% and was closed on November 30th. ~more~

#677: Mon 5/1/2017 12:41 PM EDT
Close May GLD Puts For a Small Gain

We are going to close the SPDR Gold Shares (GLD)May $121 Put that we established on April 11th. The put was worth $2.19 and GLD was at $121.06 and is now at $119.41. The put is at $2.21 so the gain is $0.02 0.90%. ~more~

#676: Tue 4/11/2017 12:12 PM EDT
New GLD Trade

We love the recent action in gold via GLD as volatility is back. We will buy the May GLD ... ~more~

#675: Mon 4/10/2017 11:46 AM EDT
Lock In Gains On Gap Ups

Over the weekend, I read a note from another newsletter in the gold space that stated you could have seen a big gain on Friday's action on GLD calls. I had to laugh. Why? The key to this statement was "could have". By the end of the day, the gain was long gone. So the reality is that this statement was really a play on words. Typical of how many try to play on your emotions. ~more~

#674: Fri 4/7/2017 9:39 AM EDT
Lock In Gains On GLD Calls

Yesterday we recommended the SPDR Gold Shares (GLD) May $119 Call. The call was worth $2.23 and GLD was at $119.23 and is now at $120.45. The call is at $2.89 for a gain of $0.66 or 29.60%. ~more~

#673: Thu 4/6/2017 3:37 PM EDT
New Trade In GLD

We are back in GLD and will buy the ... ~more~

#672: Wed 4/5/2017 9:51 AM EDT
Lock In Gains On GLD Puts

Last Wednesday we recommended SPDR Gold Shares (GLD) May $119 Puts. The put was worth $1.94 and GLD was at $119.19 and is now at $118.43. The put is at $2.27 for a gain of $0.33 or 17.01%. ~more~

#671: Wed 3/29/2017 10:42 AM EDT
New Trade In GLD

We are going to continue to play gold via GLD. We will buy the May GLD ... ~more~

#670: Fri 3/17/2017 9:44 AM EDT
Lock In Gains On GLD Calls

Wednesday we recommended the SPDR Gold Shares (GLD) May $115 Call. The call is worth $3.20 and GLD was at $115.98 and is now at $117.18. The call is at $3.75 for a gain of 17.19% ~more~

#669: Wed 3/15/2017 3:29 PM EDT
New Trade In GLD

We are dipping our toe back in the water and will buy the GLD ... ~more~

#668: Mon 2/6/2017 9:47 AM EST
Lock In A 15% Gain On February $114 GLD Calls

The value of the February $114 Call and the $0.15 we collected is now $3.25 and we have a gain of 15.11% on the overall trade from December 1st. ~more~

#667: Fri 2/3/2017 2:55 PM EST
Cover GLD Calls Written On Monday

We are going to cover the GLD Calls written on Monday and will.. ~more~

#666: Mon 1/30/2017 12:09 PM EST
Rolling Some More GLD Calls

Three weeks ago we rolled our SPDR Gold Shares (GLD) January $112 Calls recommended on December 1st to February $114 Calls. Since then, each week we have been writing calls to take in premium. We will do so again. ~more~

#665: Fri 1/27/2017 12:46 PM EST
Let January GLD Wk4 Call Options Expire, Do Nothing

We will let the January Wk4 Call expire as well ~more~

#664: Thu 1/26/2017 10:42 AM EST
New Trade In The Oil Patch

We are establishing a new position in the March ... ~more~

#663: Mon 1/23/2017 10:27 AM EST
Adding On Again To Our GLD Rollover Trade

We will again sell to open the January Wk4 (this week) $117 Call against our existing February Calls. If GLD close below $117 come Friday, then we will collect the entire premium of $0.31 per contract and add to our profits. ~more~

#662: Fri 1/20/2017 9:44 AM EST
Do Nothing On GLD January Calls Sold Tuesday & Profits Will Accrue

Tuesday we sold January $117 calls for Friday expiration. These were sold for $0,25 and we will take in the $0.25 and add it to our existing trade. ~more~

#661: Tue 1/17/2017 1:50 PM EST
Adding Onto Our GLD Rollover Trade

For those that rolled the January $112 Call to February $114 Call read on. If you took profits on the February $114 Call as a new trade then there is nothing to do. ~more~

#660: Thu 1/12/2017 9:42 AM EST
Lock In Gains On New GLD Call Positions of 63%

Earlier this week, we rolled our SPDR Gold Shares (GLD) January $112 Calls recommended on December 1st to February $114 Calls. If you did not have a position in the January Calls, then we recommended a new position. We are going to close the new position but remain with the rolled February Call. The purchase price of the call was $1.46 and is now at $2.38 for a gain of $0.92 or 63.01%. GLD is now at $114.75. ~more~

#659: Mon 1/9/2017 3:27 PM EST
Rolling January GLD Options

We are going to roll our January GLD options two weeks ahead of expiration to avoid ... ~more~

#658: Thu 12/1/2016 2:35 PM EST
New Trade In GLD Calls

We are going to play GLD and will buy the January ... ~more~

#657: Wed 11/30/2016 10:08 AM EST
Lock In Gains On USO Calls

Buy the rumor sell the news. We recommended the United States Oil Units (USO) January $10 Call yesterday in front of the OPEC announcement. The call was worth $0.80 and USO was at $10.11. The ETF price is now at $10.75 and the call is worth $1.09 for a gain of $0.29 or 36.25%. ~more~

#656: Tue 11/29/2016 2:10 PM EST
Playing USO

Tomorrow is the OPEC Meeting and we think we have an edge. As such, we will buy the January USO ... ~more~

#655: Fri 11/25/2016 12:24 PM EST
Lock In GLD Puts

On Wednesday, we recommended the SPDR Gold Shares (GLD) January $115 Put which we felt made sense here. The put was worth $3.30 and GLD was at $113.56 and is now at $112.47. The put is now at $4.00 for a gain of $0.70 or 21.21%. ~more~

#654: Wed 11/23/2016 12:58 PM EST
Back In GLD

We are going back into gold on the recent weakness and will buy the ... ~more~

#653: Wed 11/9/2016 3:21 PM EST
Lock In Gains ON GLD Puts

Yesterday we recommended to buy puts on SPDR Gold Shares (GLD) and found the December $118 Put made sense here. The put is worth $0.95 and GLD was at $121.57 and is now at $121.40. The put is now worth $0.98 for a gain of $0.03 or 3.15%. ~more~

#652: Tue 11/8/2016 3:53 PM EST
New Trade In GLD

We are back in GLD and will buy the December GLD... ~more~

#651: Mon 11/7/2016 10:22 AM EST
Lock in Gains On SPY Calls

Last we recommended buying the SPDR S&P 500 (SPY)December $218 Call that was trading at $1.00. SPY was at $210.04 and is now at $211.80. The call is at $1.21 for a gain of $0.21 or 21%. ~more~

#650: Wed 11/2/2016 3:12 PM EDT
New Trade On SPY

We are continuing our pledge to being more active and will buy the ... ~more~

#649: Tue 11/1/2016 9:49 AM EDT
Lock In Gains On GLD Calls

Last week we recommended to buy calls on SPDR Gold Shares (GLD) and found the December $120 Call made sense here. The call was worth $3.20 and GLD was at $121.07. If you bought $2,000 in value, then sell 6 calls for $2700 against a cost of $1920 for a gain of $780 or 40.63%. ~more~

#648: Thu 10/27/2016 3:51 PM EDT
First Trade In Several Weeks

We see a good opportunity on the long side in ... ~more~

#647: Wed 8/24/2016 2:22 PM EDT
Lock In Gains On GLD Puts

On August 5th, we recommended puts on SPDR Gold Shares (GLD) and found the September $130 Put made sense here. The put was worth $3.90 and GLD was at $127.78 and is now at $126.44. The option is now at $4.25 for a gain of $0.35 or 8.97%. ~more~

#646: Fri 8/5/2016 1:40 PM EDT
New Trade In GLD

We are going to play GLD and will buy the ... ~more~

#645: Thu 7/28/2016 1:22 PM EDT
New Trade In Exxon

One of our favorite names to play is Exxon. Earnings are due tomorrow. We will go out to September to give us some time and will buy the ... ~more~

#644: Tue 7/26/2016 12:45 PM EDT
Lock In Gains On Valero Calls

Last Wednesday we recommended Valero (VLO) August $50 Calls as they made the most sense. The call is worth $2.03 and VLO was at $50.70. Valero is now at $51.87. The call is worth $2.46 for a gain of $0.43 or 21.18%. ~more~

#643: Wed 7/20/2016 3:40 PM EDT
New Trade In The Energy Patch

After closing our our silver trade, we are going to energy and will buy the August ... ~more~

#642: Tue 7/19/2016 11:39 AM EDT
Locking In Gain On SLV September Puts

SLV was trading at $19.27 on our recommendation and is now at $18.93. The put is worth $1.12 for a gain of $0.07 or 6.67%. We are going to close out this trade and move on to the next trade. ~more~

#641: Tue 7/12/2016 11:53 AM EDT
New Trade In Silver Via SLV

The last time we trade silver we made 30% in August of 2015 so it seems appropriate to come back to this trade. Buy the ~more~

#640: Thu 5/19/2016 2:26 PM EDT
New Trade

We are going into a stock we have never played before. We will buy puts in ... ~more~

#639: Mon 5/16/2016 10:15 AM EDT
Lock In Gains On GLD Calls

We are going to sell the SPDR Gold Shares (GLD) June $123 Call that we recommended last Tuesday. The call was worth $1.95 and GLD was at $121.21. The call is now at $2.58 for a gain of $0.63 or 32.31%. ~more~

#638: Tue 5/10/2016 3:39 PM EDT
New Trade In GLD

WE are going back to trading gold via GLD and will buy the ~more~

#637: Tue 5/10/2016 10:02 AM EDT
Lock In Gains On SPY Calls

Last Wednesday we recommended calls on the SPDR S&P 500 (SPY) using the May $205 Call that was trading at $2.68. SPY was at $205.16 and is now at $2.83 for a gain of $0.15 or 5.60%. ~more~

#636: Wed 5/4/2016 10:48 AM EDT
New Buy In SPY

We are going back into SPY and will buy the May ... ~more~

#635: Tue 5/3/2016 10:16 AM EDT
Lock In Gains On Exxon Puts

We will close out the Exxon (XOM) June $90 Put that was put on yesterday. The put was worth $3.05 and XOM was at $88.96 and is now at $88.22. The put is now at $3.40 for a gain of 0.35 or 11.48%. ~more~

#634: Mon 5/2/2016 3:30 PM EDT
Back To Exxon

We have had good success trading Exxon. We will buy the June ... ~more~

#633: Mon 5/2/2016 3:23 PM EDT
Lock In Gains On SPY Calls

Friday we recommended the SPDR S&P 500 (SPY) June $205 Call that was trading at $4.68. SPY was at $205.56 and is now at $207.87. The call is now at $5.72 for a gain of $1.04 or 22.22%. ~more~

#632: Mon 5/2/2016 7:57 AM EDT
Futures Higher

U.S. futures: S&P +6.25, Dow Jones +49, NDX +10.50 and Russell 2000 +5.30 with fair value lower. Asia lower and Europe higher ex Great Britain. ~more~

#631: Fri 4/29/2016 11:55 AM EDT
New Trade

We are going back play the S&P 500 as a market call as opposed a particular energy or material ETF. Buy the June ... ~more~

#630: Wed 3/16/2016 10:05 AM EDT
New Trade

We are going to play Halliburton and will buy the April ... ~more~

#629: Tue 3/15/2016 10:23 AM EDT
Lock In Gains On FCX Puts

Yesterday we recommended puts on Freeport McMoran (FCX) and found the April $10 Put made the most sense after the run-up since the January low. The put was worth $1.05 and FCX was at $10.01. The stock is now at $9.18 and the put is at $1.44 for a gain of $0.39 or 37.14%. Lock in those gains. ~more~

#628: Mon 3/14/2016 3:40 PM EDT
New Trade In The Materials Space

We will move into a materials name and buy April options in... ~more~

#627: Fri 3/11/2016 1:41 PM EST
Lock In Gains On Exxon Puts

We will close out the Exxon (XOM) April $85 Put that we recommended on Monday as we have a nice gain. The put was worth $2.59 and XOM was at $84.13 and is now at $82.30. The put is at $3.50 for a gain of $0.91 or 35.13%. ~more~

#626: Mon 3/7/2016 2:25 PM EST
Trading Exxon Again

We have had good results trading Exxon options and will buy the April ... ~more~

#625: Fri 2/26/2016 12:11 PM EST
Lock In Gains On MOS Calls

Yesterday we will recommended calls on Mosaic (MOS) and found the April $25 Call made sense. The call was worth $1.88 on the offer side and MOS was at $25.34 and is now at $26.74. The call is at $2.61 for a gain of $0.73 or 38.82%. ~more~

#624: Thu 2/25/2016 3:31 PM EST
New Trade

We will move into a materials/ag name and will buy the ... ~more~

#623: Wed 2/10/2016 10:31 AM EST
New Trade In Gold Via GLD

We are going to play gold via GLD and will ... ~more~

#622: Wed 2/3/2016 10:44 AM EST
Lock In Gain On GLD Calls

We are selling the SPDR Gold Shares (GLD) March $108 Call that was recommended on Monday. The call was worth $2.42 and GLD was at $107.96. The call is now worth $2.82 and GLD is at $108.78. The gain is $0.40 or 16.53%. ~more~

#621: Mon 2/1/2016 3:06 PM EST
New Trade In Gold Via GLD

The current chart pattern on gold and GLD presents an opportunity to buy ... ~more~

#620: Fri 1/22/2016 1:42 PM EST
Lock In Gains On VLO Calls

Earlier this week we recommended buying the Valero (VLO) February $65 Call as it made the most sense at that time. The call was worth $4.25 on the offer side and VLO was at $66.56 and is now at $68.19. The call is worth $4.75 and is up $0.50 or 11.76%. ~more~

#619: Tue 1/19/2016 3:33 PM EST
Trade In Valero (VLO)

We are going into the refiners and will use Valero as our proxy. Buy the ... ~more~

#618: Fri 1/15/2016 12:55 PM EST
Lock In Gains On XOM Straddle

Wednesday we recommended a straddle (calls and puts) on Exxon (XOM) and found the February $75 Call and Put made the most sense. The call was worth $2.92 on the offer side and XOM was at $75.23. The Put was worth $3.20 on the offer side. XOM is at $77.16. The call is now at $4.05 and the put is at $2.61. The straddle has made 9.80%. ~more~

#617: Wed 1/13/2016 2:49 PM EST
First Trade of 2016

We have been watching and waiting to act. It is time to dip our toe in the water. We will buy the ... ~more~

#616: Wed 12/16/2015 10:19 AM EST
Rolling GLD Calls

We are rolling the calls on SPDR Gold Shares (GLD) that we recommended on November 5th. We found the ~more~

#615: Mon 12/7/2015 2:33 PM EST
New Trade In Oil

We will recommend the February United States Oil Units (USO) ... ~more~

#614: Thu 11/5/2015 12:18 PM EST
New Trade

We are going back into gold via GLD and will buy the ... ~more~

#613: Thu 11/5/2015 10:42 AM EST
Lock In Gains On Exxon Puts

The put was worth $3.55 and XOM was at $86.26. The price is now at $85.39 and the put is worth $4.00 for a gain of $.45 or 12.67%. ~more~

#612: Wed 11/4/2015 10:53 AM EST
New Trade In Exxon

We are going to make a trade on the Integrated Oils and will use Exxon as the proxy. Buy the ... ~more~

#611: Tue 11/3/2015 10:44 AM EST
Lock In Gains On U.S. Steel Calls

The call was worth $1.67 and X was at $11.86 and it is now at $13.10. The call is at $1.92 for a gain of $0.25 or 14.97%. ~more~

#610: Wed 10/28/2015 3:08 PM EDT
Lock In Gains On GLD Puts

The put is now at $3.00 and our gain is $0.36 or 13.63%. Time to lock in our gain here. ~more~

#609: Mon 10/19/2015 12:02 PM EDT
New Trade

We will go back into gold via the ... ~more~

#608: Tue 9/22/2015 2:45 PM EDT
New Trade On U.S. Steel

The last time we traded U.S. Steel (X) we locked in 28.24% in three days. We think that we could get a similar return this time. Therefore, we will buy the ... ~more~

#607: Thu 9/17/2015 1:10 PM EDT
Lock In Gain On GLD Puts

We are going to sell our SPDR Gold Shares (GLD) October $108 Put here. The put was worth $2.41 and GLD was at $107.29 and is now at $107.02. The put is now at $2.51 for a gain of $0.10 or 4.14%. ~more~

#606: Wed 9/16/2015 1:27 PM EDT
Back Into Gold

We are going to play gold via GLD and will buy ... ~more~

#605: Thu 9/10/2015 11:51 AM EDT
Lock In Gains On USO Calls

We are locking in our gains as USO is up 2.76% at $14.91 and the call is at $1.40 in value for a gain of $0.25 or 21.74%. ~more~

#604: Wed 9/9/2015 3:45 PM EDT
New Trade

We will play USO again via the ~more~

#603: Thu 9/3/2015 11:19 AM EDT
Lock In Gains ON GLD Puts

We are going to lock in our gains on SPDR Gold Shares (GLD) October $109 Put that we recommeneded yesterday. The put was worth $2.71 and GLD was at $108.69. The put is now at $3.15 for a gain of 16.24% and GLD is at $107.62. ~more~

#602: Wed 9/2/2015 2:45 PM EDT
New Trade In Gold

We have no open positions as we took profits on several trades and now will get busy again as we buy the SPDR Gold Shares ETF (GLD) and the October ... ~more~

#601: Thu 8/27/2015 1:23 PM EDT
Lock In Gains On Halliburton Calls (Corrected Copy)

On August 20th recommended Halliburton (HAL) October $38 Call. HAL was trading at $37.80 and the call was worth $2.10 on the 20th. HAL is going crazy today and the stock is at $37.80 and the call is at $2.48 and we will take out profit of $0.38 or 18.09%. ~more~

#600: Wed 8/26/2015 10:06 AM EDT
Lock In Gains On SLV Puts

On August 3,SLV was trading at $13.82 and is now at $13.50. The option is worth $0.76 for a gain of $0.18 or 30%. ~more~

#599: Thu 8/20/2015 3:28 PM EDT
New Trade In The Oil Patch

We are going to play Halliburton and will buy the ... ~more~

#598: Thu 8/20/2015 2:06 PM EDT
Lock In Gain On GLD Pairs Trade

The trade made 16.70%. If you invested $2,084 in the idea, then you made a gain of $348. ~more~

#597: Mon 8/3/2015 3:13 PM EDT
New Trade

We are going to play silver which we have done well over time. We will buy the SLV ... ~more~

#596: Thu 7/30/2015 11:12 AM EDT
Lock In Gains On UNG Puts

On July 15th, we recommneded the United States Natural Gas Fund (UNG) August $14 Put. The put was worth $0.79 (offered side) and UNG was at $13.82. Now it is at $13.35 and the put is worth $0.84 on the bid side. We will lock in our gain of $0.05 or 6.33%. ~more~

#595: Thu 7/23/2015 1:33 PM EDT
An Unusual Trade For Us

Gold is at a very crucial position right now. As such, we are going to do a truly innovative trade. We are going to recommend buying ... ~more~

#594: Wed 7/15/2015 9:54 AM EDT
New Trade

We will buy options in UNG and will play the ... ~more~

#593: Mon 7/13/2015 10:11 AM EDT
Locking In Gains On USO Puts

Last week we recommended puts in United States Oil Units (USO) and found the September $18 Put made sense. The put was worth $1.37 and USO was at $17.66. USO is now at $17.37 and the put is at $1.48. The gain is $0.11 or 8.02%. We are locking in our capital and will look to a new idea in short order. ~more~

#592: Thu 7/9/2015 10:19 AM EDT
New Trade In USO

We are going to play USO. Expect an update tonight on current thoughts. ~more~

#591: Fri 6/26/2015 12:50 PM EDT
New Trade

We are going back to a previous name we made money on Marathon Oil (MRO). We will be the ... ~more~

#590: Thu 6/18/2015 2:50 PM EDT
Lock In Gains On XLU Calls

We will sell the SPDR Utilities Select Sector Fund (XLU) September $43 Call recommended last Friday. The call was worth $1.05 (offered side) and XLU was at $42.55. The price is now $43.60 and the call is worth $1.39 for a gain of $0.34 or 32.38%. ~more~

#589: Fri 6/12/2015 3:09 PM EDT
New Trade

We are going to play utilities via XLU and will buy the ~more~

#588: Tue 6/9/2015 9:55 AM EDT
Lock In Gains On UNG Calls

We will sell the July $13 calls recommended on the United States Natural Gas Fund (UNG) yesterday. The call was worth $0.73 (offered side) and UNG was at $13.05. This morning UNG is at $13.63 and the call is at $1.05 (bid side) for a gain of $0.32 or 43.84%. ~more~

#587: Mon 6/8/2015 1:58 PM EDT
New Trade

We are going to play UNG and will buy the July ~more~

#586: Fri 5/1/2015 11:10 AM EDT
Lock In Gains On Alcoa

We recommended calls in Alcoa (AA) and found the June $13 Call made sense at that juncture. The call was worth $0.90 and AA was at $13.56 and is now at $14.02. The call is now worth $1.19 for a gain of $0.29 or 32.22%. We are going to lock in profits on this name with more comments over the weekend. ~more~

#585: Wed 4/22/2015 3:23 PM EDT
New Trade In Alcoa (AA)

We are going to play Alcoa (AA) from the ... ~more~

#584: Tue 3/31/2015 12:39 PM EDT
New Trade

We are going to be active in April. There is lots going on in our space as earnings start. Today we will buy a ... ~more~

#583: Mon 3/16/2015 1:11 PM EDT
New Trade in XLE

We are going to play XLE for the first time since last year and will... ~more~

#582: Mon 3/16/2015 10:04 AM EDT
Lock In SPY Callls

We will close the SPDR S&P 500 (SPY) April $205 Call that was trading at $3.66 when we recommended it on Tuesday. SPY was at $205.42 and is now at $207.75. The call is worth $4.59 for a gain of $0.93 or 25.41%. ~more~

#581: Tue 3/10/2015 2:48 PM EDT
New Trade

We are calling the audible and will play SPY instead of a specific stock or ETF in the Energy/Materials sector... ~more~

#580: Fri 3/6/2015 3:04 PM EST
Closing Calls In UNG

We recommended United States Natural Gas Fund (UNG) March $14 Call when the call was worth $1.10 (offered side) and UNG was at $14.07. UNG is now at $14.38 and the call is at $0.67. The loss is $0.43 or 39%. ~more~

#579: Mon 3/2/2015 10:58 AM EST
Lock In Gains On XLU Puts

We close out our recommnedation on the SPDR Utilities Select Sector Fund (XLU) March $45 Put at this juncture. The put was worth $0.95 and XLU was at $45.11 when we entered the trade. XLU is now at $44.34 and the put is worth $1.31 for a gain of $0.36 or 37.90%. ~more~

#578: Fri 2/27/2015 10:04 AM EST
New Trade

We are going to play XLU for the first time in the work. We will be out with comments on the rational later today. ~more~

#577: Mon 2/9/2015 12:36 PM EST
New Trade

We are moving into gold via GLD and will buy the... ~more~

#576: Tue 2/3/2015 2:27 PM EST
Back To Natural Gas, Again

We have been doing a good job of playing natural gas. As such, we will buy the ... ~more~

#575: Thu 1/29/2015 10:21 AM EST
Lock In Gains On SLV Puts

We are going to sell the Silver iShares Trust (SLV) March $17.50 Put. SLV was trading at $17.31 and the put was worth $0.90 when we recommended it on Tuesday. SLV is now at $16.71 and the put is at $1.20 for a gain of $0.30 or 33.33%. ~more~

#574: Tue 1/27/2015 2:54 PM EST
New Trade in Silver

We have not pplayed silver via SLV since 2014. It is time to hop on board the silver train and buy the... ~more~

#573: Wed 1/14/2015 9:39 AM EST
Lock In Gains On UNG Call

We recommended United States Natural Gas Fund (UNG) January Week 4 $15 Call last week. The call was worth $0.66 and UNG was at $14.78. UNG is now at $15.71 up 5.15% for the day. The call is worth $0.97 for a gain of $0.31 or 46.97%. ~more~

#572: Tue 1/6/2015 2:02 PM EST
Back In Natural Gas

We are going back to natural gas after picking up a 21% winner last week. Now we will ... ~more~

#571: Mon 12/29/2014 1:34 PM EST
Lock In Calls On UNG

We will sell the United States Natural Gas Fund (UNG) January $15 Call recommended last Friday. The call was worth $1.12 and UNG was at $15.47. The call is now worth $1.36 for a gain of $0.24 or 21.43%. ~more~

#570: Fri 12/26/2014 1:11 PM EST
New Trade

We are going back into natural gas and will buy the ... ~more~

#569: Wed 12/24/2014 12:07 PM EST
Lock In Gains On VLO Calls

We will sell the February $47.50 SPY Call. It was trading at $3.25 with VLO at $48.66 when we recommended. The call is now at $3.75 for a gain of $0.50 or 15.38%. ~more~

#568: Mon 12/22/2014 2:53 PM EST
New Trade

We are going back into Valero (VLO) which we have traded successfully on two other occasions. ~more~

#567: Thu 12/11/2014 11:38 AM EST
Lock In Gains On SPY Calls

We recommended the January $205 SPY Call yesterday and it was trading at $2.90 with SPY $204.79. SPY is now at $205.94 and the call is at $3.51 in value for a gain of $0.61 or 21.03%. ~more~

#566: Wed 12/10/2014 10:40 AM EST
New Trade On The Overall Market

We are going to play the S&P 500 instead of energy itself. We will buy the January ... ~more~

#565: Mon 12/8/2014 9:47 AM EST
Lock In Gains On SLB Puts

We will take this morning's weakness to lock in a gain. We will sell the January $85 SLB Put and it was trading at $3.35 with SLB at $86.37 when we recommended the idea. The put is now at $3.80 and the stock is at $84.97. The gain is $0.45 or 13.43%. ~more~

#564: Wed 12/3/2014 12:06 PM EST
New Trade

We are going to play Schlumberger (SLB) on the ... ~more~

#563: Fri 11/21/2014 10:02 AM EST
Lock In Gain On FCX

On Tuesday November 11th we bought December option on. Freeport McMoran as we thought the stock was trying to make a bottom here. Today the stock is reacting well to China Central Bank action. We will sell the news. Sell the December 2014 $28 Call for $1.97 against a cost of $1.21. The stock was at $28.43 and is now at $29.68. The gain on the call is $0.76 or 62.88%. ~more~

#562: Tue 11/11/2014 3:20 PM EST
New Buy

We are going to play Freeport McMoran as it has been a good stock for us. ~more~

#561: Fri 11/7/2014 10:04 AM EST
Repair Trade

We going to roll Exxon November Calls to December with two weeks to expiration this makes complete sense. ~more~

#560: Fri 10/10/2014 3:17 PM EST
New Trade

We are moving into crude oil via USO again. We will buy the ... ~more~

#559: Mon 10/6/2014 1:36 PM EDT
Keep Your Powder Dry! My Next Trade Recommendation Could Come Any Day!

Gold, Oil and U.S. Stocks are way oversold. The dollar continues to soar! We're about to see a bottom in U.S. Stocks and a short term top in the U.S. Dollar, it may begin later this week as a more conducive seasonality begins to take hold. ~more~

#558: Mon 9/29/2014 2:03 PM EDT
Lock In Gain On UNG Calls

We bought the United States Natural Gas Fund (UNG) October $22 Call on September 17th. The call was worth $0.71 and UNG was at $21.88 and is now at $22.28. The call is now at $0.77 for a gain of $0.06 or 8.45%. ~more~

#557: Tue 9/23/2014 1:44 PM EDT
New Trade

We have traded Exxon (XOM) so far once this year and now are entering for the second time. We will... ~more~

#556: Wed 9/17/2014 3:20 PM EDT
New Trade

We are going to play natural gas again and will ... ~more~

#555: Mon 9/15/2014 9:41 AM EDT
Lock In Gain On UNG Calls

We will sell the United States Natural Gas Fund (UNG) October $21 Call recommended last Thursday. The call was worth $0.71 and UNG was at $20.80. UNG is now at $21.45 and the call is at $1.00 for a gain of $0.29 or 40.85%. ~more~

#554: Thu 9/11/2014 1:37 PM EDT
New Trade

We are going to play natural gas and will use the ... ~more~

#553: Wed 9/10/2014 2:21 PM EDT
Lock In Gain On BP Calls

We recommended BP PLC (BP) October $46 Call on Monday. The call was worth $0.85 and BP was at $45.44. BP is now at $46.40 and the call is at at $1.13 for a gain of $0.25 or 32.84%. ~more~

#552: Mon 9/8/2014 10:22 AM EDT
Beyond Pollution

We will recommend calls in BP PLC (BP) and find the October $46 Call makes sense at this juncture. The call is worth $0.85 and BP is at $45.44. Normally we would buy a $45 call but the spread is 6 cents and the $46 is 3 cents. ~more~

#551: Wed 9/3/2014 9:39 AM EDT
Lock In Gain On USO Calls

We lock in gains on the United States Oil Units (USO) October $35 Call recommendended yesterday. The call was worth $0.69 and USO is at $34.71. The ETF is now at $35.16 and the call is at $0.88 for a gain of $0.19 or 27.54%. ~more~

#550: Tue 9/2/2014 1:47 PM EDT
Worth A Shot

We are going to play oil via USO and will buy the ... ~more~

#549: Wed 8/13/2014 12:41 PM EDT
Lock In Gains On Nucor Calls

We are going to sell the Nucor Corporateion (NUE) January 2015 $50 Call bought on July 23rd. The call was worth $2.91 and NUE was at $50.86. NUE is now at $52.08 and the call is at $3.65 for a gain of $0.74 or 25.43%. ~more~

#548: Thu 8/7/2014 1:04 PM EDT
Back To Gold

We are going to trade gold via GLD again. This time we will ... ~more~

#547: Wed 7/23/2014 1:23 PM EDT
New Trade

We are moving back to options on stocks for now as we have several ideas we are monitoring that we want to establish positions in.... ~more~

#546: Thu 7/10/2014 10:43 AM EDT
Locking In Gain On GLD Calls

We are going to sell the SPDR Gold Shares (GLD) August $127 Call recommended on June 24th. The call was worth $2.28 and GLD was at $127.05. The price of GLD is now $128.86 and the call is at $2.98 up $0.70 or 30.70%. ~more~

#545: Thu 7/3/2014 12:10 PM EDT
Locking In Gains On USO Puts

We are going to sell the United States Oil Units (USO) the August $39 established on Tuesday, June 17th. The put was worth $1.03 and USO was at $39.03. USO is now at $38.26. and the put is at $1.17 for a gain of $0.14 or 13.59%. ~more~

#544: Tue 6/24/2014 2:22 PM EDT
New Trade In GLD

Time to move back into gold via GLD thanks to rising geopolitical pressure... ~more~

#543: Tue 6/17/2014 2:55 PM EDT
New Trade In USO

With the recent geopolitical action, it makes sense to play USO from the ... ~more~

#542: Wed 6/11/2014 9:55 AM EDT
Lock In Gains On GLD Calls

We are going to sell the SPDR Gold Shares (GLD) July $120 Call recommended last Friday. The call was worth $2.25 and GLD was at $120.57. The call is at $2.60 now for a gain of $0.35 or 15.55% ~more~

#541: Fri 6/6/2014 1:39 PM EDT
New Trade In Gold

We are going to continue to play gold here after our last gold trade made 46%. It seems we have the movements down in gold here. This time we will recommend... ~more~

#540: Tue 5/27/2014 10:17 AM EDT
Lock In Gains On GLD Puts

We are going to sell the SPDR Gold Shares (GLD) June $124 Put bought last Monday, Alert #539. The put was worth $1.67 and GLD was at $124.56. The put is now worth $2.44 for a gain of $0.77 or 46.10%. ~more~

#539: Mon 5/19/2014 3:26 PM EDT
New Trade On Gold (Corrected Copy)

We are wasting no time coming back into gold via GLD. Buy the ... ~more~

#538: Thu 5/8/2014 3:11 PM EDT
Locking In Gain On Exxon Puts

We will sell the Exxon (XOM) June $100 Put bought on Tuesday. The put was worth $1.11 and XOM was at $102.93. The put is now worth $1.31 for gain of $0.20 or 18.02%. Exxon is at $102.22 in value. ~more~

#537: Tue 5/6/2014 1:15 PM EDT
New Trade

We are going to buy options in Exxon (XOM). The stock had a positive earnings report and ... ~more~

#536: Mon 4/28/2014 1:42 PM EDT
Lock In Gains On XLE Puts

We are going to sell the SPDR Energy Select Sector Fund (XLE) Puts bought last week. Sell the XLE May $94 Put. XLE was trading at $93.47 and the put was worth $1.63. XLE is now at $92.82 and the put is worth $1.91 for a gain of $0.28 or 17.18%. ~more~

#535: Tue 4/22/2014 2:46 PM EDT
New Trade

With the recent run in energy stocks, this gives us an opportunity to buy the May XLE ... ~more~

#534: Thu 4/10/2014 10:53 AM EDT
Lock In Gains On SLV Calls

We are going to sell calls in the Silver iShares Trust (SLV) bought last week. Sell the May $18.50 Call. SLV was trading at $18.95 and the call was worth $0.99. SLV is now at $19.42 and the call is at $1.12 and our gain is $0.13 or 13.13%. ~more~

#533: Thu 3/27/2014 3:40 PM EDT
New Trade In Silver

We are going to play Silver via SLV for the first time in quite a while. Buy the ... ~more~

#532: Thu 3/27/2014 1:03 PM EDT
Rolling GLD Puts Again

On March 19th GLD was at $129.10. Therefore, we rolled the March option forward as gold had finally started its correction which we thought would be happening earlier in March. We bought sold the March Put and bought the April Put. We are now going to roll the April Put to a May Put and give ourselves a few more weeks for the selling to play out. ~more~

#531: Wed 3/26/2014 11:18 AM EDT
Sell MRO Calls For A Gain

We are going to sell the Marathon Oil Corp (MRO) April $34 Call bought on March 11th. MRO was trading at $33.92 and the call was worth $0.84. The stock is now at $34.70 and the call is at $1.05 for a gain of $0.21 or 25%. ~more~

#530: Mon 3/24/2014 3:02 PM EDT
Locking In Gains On GLD Puts

We recommended the April 126 Put for $1.25 in value and it is now at $1.95 for a gain of $0.70 or 56%. This is the new trade and if you rolled the put then keep the trade open. ~more~

#529: Wed 3/19/2014 10:44 AM EDT
Rolling March GLD Trade To April

A month ago we bought puts on SPDR Gold Shares (GLD) and found the March $128 Put made sense. The put was worth $2.71 and GLD was at $126.85 and is now at $129. Therefore, we are going to roll this option forward as gold has finally started its correction we thought would be happening earlier in the month. ~more~

#528: Tue 3/11/2014 2:02 PM EDT
New Recommendation

We are going to play Marathon Oil Corp (MRO) using an April ... ~more~

#527: Mon 2/24/2014 12:59 PM EST
Lock In Gains On Puts

We will sell puts on the United States Natural Gas Fund (UNG) bought last Thursday. We bought the March $28 Put for $2.09 and UNG was at $27.18. The call is now worth $2.60 for a gain of $0.51 or 24.40%. ~more~

#526: Fri 2/21/2014 10:34 AM EST
Selling Calls In Halliburton For Gains

We are closing out our successful repair trade on Halliburton and new trade in Halliburton. We are summarizing the trade again within this alert. The bottomline is you made 6.93% on the repair and 87.83% on the new trade. This was a lot of work but in the end worth the rolls. ~more~

#525: Thu 2/20/2014 9:58 AM EST
New Trade In Natural Gas on UNG

We are buying this today in front of the weekly natural gas inventories at 10:30 a.m. EDT. MAKE SURE TO HAVE THIS TRADE COMPLETE BY 10:25 IF YOU ARE GOING TO TRADE IT. ~more~

#524: Wed 2/19/2014 2:21 PM EST
New Trade In GLD

We are back to trading gold via GLD. We will buy March ... ~more~

#523: Wed 2/19/2014 2:11 PM EST
Locking In gians On Anadarko Petroleum Calls

We will sells calls on Anadarko Petroleum Corp (APC) bought yesterday and found the March $82.50 Call made sense. The call was worth $2.82 and APC was at $82.80. The stock is now at $84.38 and the call is at $3.60 for a gain of $0.78 or 27.65%. ~more~

#522: Tue 2/18/2014 2:22 PM EST
New Trade In Anadarko Petroleum

We like Anadarko Petroleum for a variety of reasons from the ... ~more~

#521: Thu 2/13/2014 1:05 PM EST
Lock In Gains On X Calls

We will sell the U.S. Steel(X) March $25 Calls bought Monday.The call was recommended at $1.70 when X was at $25.64. X is now at $26.51 and the call is at $2.18 for a gain of $0.48 or 28.25%. ~more~

#520: Tue 2/11/2014 10:12 AM EST
Rolling Halliburton February Calls to March Calls

On December 9th we bought the Hallburton (HAL) January 2014 $50 Call for $1.73. Halliburton was at $50.08. We then rolled the January Calls to February on January 10th. We sold the January $50 Call and bought the February $52.50 Call. Now we are going to ... ~more~

#519: Mon 2/10/2014 2:59 PM EST
New Trade In U.S. Steel (X)

It has been a while nice we have played U.S. Steel. We have played X twice we made 9.38% and 25%. So hopefully the third time is a charm. We will buy ... ~more~

#518: Tue 1/14/2014 1:12 PM EST
Locking In Gains On POT Calls

Last Friday, 1/10, we bought calls on Potash (POT) and found the March $32 Call made sense at this juncture. The call was worth $2.22 and POT was at $33.63. POT is now at $34.43. The call is now worth $2.96 for a gain of $0.74 or 33.33%. ~more~

#517: Fri 1/10/2014 3:33 PM EST
New Call Trade in Potash Market

We played a potash stock last fall and are returning to the name again. Buy calls in ... ~more~

#516: Fri 1/10/2014 3:12 PM EST
Rolling Halliburton (HAL) Calls To February Calls

We are now a week away from expiration. We still want to be in Halliburton Calls so we are rolling the January Calls to February Calls. ~more~

#515: Wed 1/8/2014 3:29 PM EST
New Trade On The Put Side

We have traded this name once before back in 2008 for a nice 36% gain. That trade was a spread trade. Today's trade is a simple put trade. ~more~

#514: Tue 1/7/2014 9:59 AM EST
Lock In Gains On WPRT Calls

We have a rule in our process. If we make 25% in the first day of a trade, we look to profits. As such, we will lock in gains on WPRT February $20 Calls that we put on yesterday. Sell the February 2014 $20 Call bought yesterday for $1.15. The stock was at $19.91. The stock is now at $21.85. The February $20 Call is worth $2.25 for a gain of $1.10 or 95.65%. ~more~

#513: Mon 1/6/2014 2:02 PM EST
Potential Takeover Name

We are playing a name that is a potential short squeeze as well as a takeover play by a variety of players in the CNG space. We will buy ... ~more~

#512: Mon 12/23/2013 9:51 AM EST
Lock In Gains On Freeport McMoran Calls

Last week we bought the February 2014 $35 Call (FCX140222C00035000) for $1.45. The stock was at $35.21. the stock is now at $36 and the call is worth $1.79 for a gain of $0.34 or 23.44%. ~more~

#511: Thu 12/19/2013 3:27 PM EST
New Call Trade

We are skipping January options due to greater time in the February options. We will be playing a stock we have made 26% and 43% in the past so there is a good trading history to the name. ~more~

#510: Mon 12/9/2013 1:10 PM EST
New Trade In Halliburton

Since our inception, we have traded Halliburton (HAL) well. Sometimes the key to trading successsfully is knowing how a stock trades. Halliburton (HAL) has been dropping since mid November and we have noticed that the ... ~more~

#509: Fri 12/6/2013 3:21 PM EST
Lock In Gain On UAL Puts

Yesterday we bought puts on United Airlines (UAL) and found the January $38 Put made sense at this juncture. The put was worth $2.38 and UALwas at $37.18. The stock has given up today's gains and is now lower, it just broke below Thursday's last two low. With today's rebound in the overall market, we want to lock in short bets. The put is now worth $2.67 for a gain of $0.29 or 12.18%. UAL is at $36.58. ~more~

#508: Thu 12/5/2013 12:23 PM EST
New Trade In Transportation Space

With the rise in crude oil, we are playing for a move in ... ~more~

#507: Tue 12/3/2013 12:15 PM EDT
Rolling USO December Calls

We are rolling the December $35 Calls to January. Make sure to read the instructions closely as we are moving up one strike price. ~more~

#506: Mon 12/2/2013 12:01 PM EST
Lock In Gains On GLD Put

We bought puts on SPDR Gold Shares (GLD) December $120 Put on Thursday, November 21st. The put was worth $2.60 and GLD was at $120.00. GLD is now at $118.34 and the put is at $2.94 for a gain of $0.34 or 13.07%. ~more~

#505: Thu 11/21/2013 2:52 PM EST
New Trade In Gold

Time to lean on gold and GLD. We will buy December ... ~more~

#504: Mon 11/18/2013 2:29 PM EST
Lock In Gains On Caterpillar Calls

We will sell calls the Caterpillar (CAT) January $85 Call bought last week. The call was worth $1.84 and CAT was at $83.75. The stock is now at $84.96 and the call is at $2.20 for a gain of $0.36 or 19.56%. ~more~

#503: Thu 11/14/2013 10:39 AM EST
New Play In The Industrials Space

Every once in a while we will play a stock that is in the supply chain to the materials or energy space. We like this name for that and will buy the January Calls in ... ~more~

#502: Fri 11/8/2013 9:39 AM EST
Lock In Gains On GLD Puts

We will sell puts on SPDR Gold Shares (GLD) December $127 Put bought on Tuesday. Gold is puking today and time to lock in our gain. The put was worth $3.45 and GLD was at $126.50. It is now at $124.27 and the put is at $4.70 for a gain of $1.25 or 36.23%. TRADE THIS RIGHT AWAY AS THIS IS A GAP DOWN AND WE WANT TO LOCK IN PROFITS RIGHT AWAY. ~more~

#501: Tue 11/5/2013 3:31 PM EST
New Trade In Gold

We will establish a new trade in gold via GLD and will ... ~more~

#500: Thu 10/31/2013 2:55 PM EDT
New Trade

We are moving back into oil via the USO and will buy ... ~more~

#499: Thu 10/31/2013 1:55 PM EDT
Locking In Gain On UNG Puts

We sell the puts on the United States Natural Gas Fund (UNG) that we recommended on October 3rd. We recommended the November $19 Put that was worth $1.28 and UNG was at $18.21. The value of UNG is now $17.78 and the put is at $1.37 for a gain of $.09 or 7.03%. ~more~

#498: Mon 10/21/2013 9:42 AM EDT
Lock In Gain On SLV Trade

Last week we noted that the price of silver had gotten very cheap. We bought the December $21 SLV Call which was trading at $1.15. SLV is up 1.71% this morning which is a big gap open. The call is now at $1.36. We will lock in our gain of $0.21 or 18.26%. SLV is at $21.47. ~more~

#497: Thu 10/17/2013 3:33 PM EDT
New Buy In The Metals Space

The metals are doing well today and it makes sense to ... ~more~

#496: Mon 10/14/2013 12:26 PM EDT
New Trade

We are going back to trade options on the Dow Jones Industrial Average via the Diamonds Trust Series (DIA) and find ... ~more~

#495: Thu 10/3/2013 9:45 AM EDT
New Trade In Natural Gas Space

We are going to play the current trend in natural gas which is ... ~more~

#494: Mon 9/30/2013 10:18 AM EDT
Lock In Gains On USO Puts

We will sell the puts in United States Oil Units (USO) that we bought last Tuesday and found the October $37 Put made sense at this juncture. The put was worth $0.83 and USO was at $36.99. USO is now at $36.50 and $1.00 for the put. The gain is $0.17 or 20.48%. ~more~

#493: Mon 9/30/2013 10:07 AM EDT
Lock In Gains On DIA Puts

We will sell puts in Dow Jones Industrial Average via the Diamonds Trust Series (DIA) that we bought on Friday. We found the October DIA $152 Put made sense at this juncture. The put was worth $1.88 and DIA was at $152.17. The put is now at $2.60 and the DIA is at $150.87. The gain is $0.72 or 38.30%. ~more~

#492: Fri 9/27/2013 2:57 PM EDT
New Trade

Normally we do not trade on Friday but we want to have some more exposure on for next week as the Washington show down reaches a critical juncture. ~more~

#491: Tue 9/24/2013 12:51 PM EDT
New Trade

We have been trading USO from both the call and put side in the last two months and will now enter a ... ~more~

#490: Thu 9/19/2013 10:29 AM EDT
Lock In Gains On Newmont Mining Call

On Monday we bought calls in Newmont Mining (NEM) and found the October $28 Call made sense. The call was worth $1.74 and Newmont was at $28.54. The stock is now at $30.40 and the call is at $2.90 for a gain of $1.16 or 66.67%. ~more~

#489: Mon 9/16/2013 12:15 PM EDT
New Trade

Newmont Mining is a great trading stock and we have an opportunity to ... ~more~

#488: Tue 9/10/2013 9:58 AM EDT
Locking In Gains On USO Puts

We will sell the puts in United States Oil Units (USO) we bought yesterday. The October $39 Put made sense and has worked out nicely. The put was worth $1.36 and USO was at $38.92. The put is now worth $1.69 for a gain of $0.33 or 24.26%. ~more~

#487: Mon 9/9/2013 3:19 PM EDT
New Trade

With recent action in the price of oil we are going to enter a new trade. Therefore, we will ... ~more~

#486: Mon 9/9/2013 9:42 AM EDT
Locking In Gains On EWZ Calls

Today EWZ is at $45.91 and we will sell the call bought on Friday. The call is now worth $2.13 for a gain of $0.36 or 20.33%. ~more~

#485: Fri 9/6/2013 2:00 PM EDT
Rolling Calls In EWZ

We are going to roll our September EWZ Call into an October Calls. We are down to two weeks before expiration and feel that more time will give us bigger profits ~more~

#484: Fri 9/6/2013 9:47 AM EDT
Locking In Gains On Potash Calls

We will sell the calls on Potash (POT) bought on Wednesday. The call was worth $1.42 and POT was at $30. The stock is at $30.58 and the call is now worth $1.66 for a gain of $0.24 or 16.90%. ~more~

#483: Wed 9/4/2013 3:31 PM EDT
New Trade In The Potash Space

Sellers pounded potash stocks back in late July. Now we think that ... ~more~

#482: Wed 8/28/2013 3:08 PM EDT
New Trade

Everyone is thinking that gold is overbought. The funny thing is it ... ~more~

#481: Tue 8/27/2013 9:51 AM EDT
Locking In Gains On USO Calls

We will sell the calls in United States Oil Units (USO) that we recommended. We found the September $37 Call made sense at this juncture. The call was worth $1.40 and USO was at $37.93. USO is now at $38.88 and the call is at $2.11 for a gain of $0.71 or 50.71%. ~more~

#480: Mon 8/26/2013 3:13 PM EDT
New Trade

We are moving to prepare for action in the Middle East by the U.S. over Syria. As a result, we will ... ~more~

#479: Thu 8/22/2013 10:15 AM EDT
Locking In Gains On CLF Calls

We will lock in gains on calls in Cliffs Natural Resources (CLF) and found the September $22 Call made sense at this juncture. The call was worth $1.50 and CLF was trading at $22.14. CLF is now trading at $23.20 and the call is worth $1.93 for a gain of $0.43 or 28.67%. ~more~

#478: Mon 8/19/2013 12:47 PM EDT
New Buy

We are buying September Calls in a name that has started to rebound nicely and has pulled back the past few days creating an opportunity... ~more~

#477: Mon 8/12/2013 3:19 PM EDT
New Trade

In the past, we have traded options on this country find tied to the price of energy. We are going into that trade again... ~more~

#476: Fri 8/9/2013 3:42 PM EDT
Rolling XLE Calls

We will roll calls in the Energy Selection SPDR (XLE) that were bought on July 23rd. We bought the August $83 Call which was worth $1.63 and XLE was at $83.68. The call is now worth $0.42 and we will buy the ... ~more~

#475: Tue 7/23/2013
New Trade In The Enery Space

Earnings are coming in decent for the major energy companies and as such we will buy ... ~more~

#474: Thu 7/18/2013
Repair Trade On OXY

We bought calls on Occidental Petroleum (OXY) on May 29th and found the July $92.50 Call made the most sense at this juncture. The call was worth $3.60 and OXY was at $93.65. OXY is now at $91.28 and we still believe in this trade and want to be long calls. So we will repair the trade. ~more~

#473: Thu 7/18/2013
Lock In Gain On UNG Calls

We will sell the call on the United States Natural Gas Fund (UNG) bought earlier today as we found the August $19 Call made the most sense this morning. The call was worth $0.95 and UNG was at $19.51. The call is now worth $1.32 for a gain of $0.37 or 38.94%. ~more~

#472: Thu 7/18/2013
New Trade In Energy Space

We see a nice opportunity here in the natural gas space and will buy a ~more~

#471: Fri 6/28/2013
Rolling Into August Puts In GLD

Now we will buy 3 August $119 Puts for $5.15 . This will give us a cost of $1545 so you will need to spend an $20 extra dollars against our current our value of $1520. This is if you are repairing your original trade. If you are trading for the first time, then buy the August $119 Put. The cost is $5.15. The breakeven by the third week of August is $113. We expect to be gone from this and the repair trade hopefully by the middle of July. If you are trading $2000 in value, then buy 4 puts for a total cost of $2060. ~more~

#470: Wed 6/26/2013
Rolling July $119 Put

Now we will close out the July $119 Put and reenter with a continued negative bet later in the week. This is still a repair trade. We note our original capital was $2050 decreased to $335 and now has risen to $693 and now $1500. We are hopeful to get back a bit closer to our original value and then will call it a day. These alerts can be reviewed in #456, #460, #466 and #467. ~more~

#469: Mon 6/24/2013
Lock In Gain On SPY Calls

Every once in a while we migrate into a trade that is a market call. Today is such a day and we will lock in the gain intraday. We bought the July 157 Call in SPDR S&P 500 (SPY). The cost of the call was $2.70 and SPY was trading at $156.28 The call is now at $3.64 for a gain of $0.94 or 34.81%. ~more~

#468: Mon 6/24/2013
New Trade

Every once in a while we migrate into a trade that is a market call. Today is such a day. ~more~

#467: Thu 6/20/2013
Rolling GLD Puts Into July

Earlier today we sold the June $127 puts for $2.31 for a value of $693. We now are rolling into the July Puts. Buy the July $119 Put on GLD. We will buy 3 July $119 Puts for $2.24 which is a lower cost that we sold the June $127 puts for today. ~more~

#466: Tue 6/18/2013
Selling June Puts On GLD And Will Roll Into July Later In The Day

We bought 3 June $127 puts for $1.12 each or a total cost of $336. So you had to lay out $1 more. Now we will sell the June $127 puts for $2.31 for a value of $693 and roll into the July Puts later in the day or tomorrow. This is still a repair trade in progress but there is a nice gain on the May to June puts. ~more~

#465: Wed 5/29/2013
New Trade In The Integrated Oils

And guess what? It is not Exxon. Rather we are moving onto ... ~more~

#464: Thu 5/23/2013
Closing Exxon Calls For Gain

We sell to close the calls on Exxon (XOM) bought last week which were the June $92.50 Calls worth $1.08 at time of recommendation and XOM was at $91.74. We are adjusting our purchase price to $1.13 from $1.08 as the stock moved higher. Exxon is now at $92.98 and the call is at $1.62 for a gain of $0.49 against a cost of $1.13 (adjusted) or 43.36%. ~more~

#463: Thu 5/23/2013
New Play On Exxon

This week we bought puts on Exxon and had a nice trade. Today we are going to play Exxon again and ... ~more~

#462: Wed 5/22/2013
Locking In Gains On Exxon Puts

Yesterday we bought puts on Exxon (XOM) and found the June $95 Put made the most sense. The put was worth $2.44 and XOM was at $93.23. The stock is now at $92.24 and the put is at $3.20 for a gain of $0.74 or 31.15%. This is a fast market be timely. NOTE THIS PRICE WAS ADJUSTED FROM $3.50 TO REFLECT MARKET MOVES. ~more~

#461: Tue 5/21/2013
New Trade In The Energy Patch

We will revisit one of our favorite trading stocks Exxon and ... ~more~

#460: Fri 5/10/2013
Rolling May GLD Puts To June To Repair The Trade

We roll our May $133 puts on SPDR Gold Shares (GLD) into June. Read the instructions closely because you will need to sell the May $133 Put and then buy the June put we recommend. ~more~

#459: Tue 5/7/2013
Locking In Gain On XLE Calls

We bought the calls in the Energy Selection SPDR (XLE) and found the June $80 Call made sense at this juncture. The call was worth $1.77 and XLE was at $79.98. XLE is now at $80.66 and the call is at $2.12 for a gain of $0.35 or 19.77%. ~more~

#458: Mon 5/6/2013
New Trade In Energy Space

This is a big week for earnings in the energy patch and we will play large cap names via... ~more~

#457: Wed 4/17/2013
Lock In Gain on May $75 XLE Put

The May $75 Put is now at $2.36 against our cost of $2.31. The gain is $0.05 or 2.16%. ~more~

#456: Tue 4/16/2013
New Put Trade In Precious Metals Space

We will buy puts on ... ~more~

#455: Mon 4/15/2013
Locking In Small Gain on Exxon May Puts

On March 19th we bought the April 90 put on Exxon (XOM) and the put was worth $2.14 with XOM at $88.54. Last Friday Exxon was at $88.68 and the put was at $1.56. We sold the April $90 and bought the May $87.50 Put for $1.42 and we pocketed $.0.14. This is about the return of our capital rather than the return on our capital. Repair strategy worked well. Today we will sell the May $87.50 Put for $2.07. With the $0.14 we took in our exit price it $2.21 against a cost of $2.14 for a gain of $.07 or 3.27%. ~more~

#454: Fri 4/12/2013
Rolling April Puts In XLE and XOM To May

With a week to expiration it makes sense to give us some more time on the puts in XLE and XOM. We still believe there is downside action for these names and view this as a prudent move. ~more~

#453: Fri 4/12/2013
Locking In Gains On GLD Put

We will sell May $150 puts on SPDR Gold Shares (GLD) bought on Wednesday.The put was worth $2.20 and GLD was at $150.92. This morning gold and GLD are lower with GLD at $148.27. The put is now at $3.60 for a gain of $1.40 or 63.63%. This price action is volatile this morning so make sure to do as a market order and be prompt with the trade. ~more~

#452: Wed 4/10/2013
New Trade In GLD

We are not impressed with the move in gold and GLD the past week. Therefore, we are going to ... ~more~

#451: Wed 4/3/2013
Locking In Gain On GLD Put

Time to lock in our GLD put trade from yesterday. We will sell puts on SPDR Gold Shares (GLD) as the put was worth $2.93 and GLD was at $152.46. The put is now at $3.45 and GLD is at $151.57. The gain is $0.52 or 17.74%. ~more~

#450: Tue 4/2/2013
New Put Trade In Materials Space

We do not like the action in gold and as such will buy... ~more~

#449: Tue 3/19/2013
New Put Trade In The Integrated Oil Group

XLE is struggling here and one of the top names in the ETF looks to start breaking down with other names. Therefore, ... ~more~

#448: Mon 3/4/2013
Buy Puts On This Energy ETF

We will buy puts on ... ~more~

#447: Fri 2/15/2013
Lock In Gains On XLE Put

Time to lock in our gain and reassess today's action. Often the day of a FOMC announcement can be reversed the next day. The put was worth $1.34 and XLE was at $78.47 when the trade was established. XLE is at $77.90 and the put is now worth $1.50 for a gain of $0.16 or 11.94%. ~more~

#446: Tue 2/12/2013
New Trade

We will buy some puts in the energy space with a broad negative bet. ~more~

#445: Fri 2/1/2013
New Buy In The Materials Space

We like the movement in the price of ... ~more~

#444: Tue 1/29/2013
New Buy Integrated Oil & Gas Space

We like this Canadian integrated oil & gas name and will buy calls in ... ~more~

#443: Thu 1/17/2013
New Trade In Oilfield Equipment Space

We are going to buy puts in ... ~more~

#442: Wed 1/9/2013
Lock In Gain On MON Call Spread

The February $97.50 Call is now at $3.50 and the January $97.50 Put is at $0.32 for a spread value of $3.18 resulting in a gain of $1.12 or 54.37%. ~more~

#441: Tue 1/8/2013
New Trade In The Materials Space

We are going to buy a call spread in ... ~more~

#440: Tue 1/8/2013
Locking In Gain On NSC Calls For A Second Time

We will sell to close the February $65 NSC Call. It wa trading at $1.40 with NSC $64.53 when we established the position and is now at $1.70 for a gain of $0.30 or 21.43%. ~more~

#439: Mon 1/7/2013
Back In Norfolk Southern Again

We are going to buy calls AGAIN in Norfolk Southern (NSC). With the catalyst now out, we expect buyers to continue pushing the stock higher and will use today's weakness to establish a new position. ~more~

#438: Fri 1/4/2013
Take Gains In NSC Calls

Yesterday's buy idea has gone crazy. We are going to lock in the gain. Sell calls in Norfolk Southern (NSC) we bought yesterday as we are now overbought on a daily basis. It is now at $65.39 with the call at $1.80. The gain is $0.80 or 80%. ~more~

#437: Thu 1/3/2013
Play In The Railroad Space

Transports are a play on energy and we have an interesting play as our first idea of 2013. ~more~

#436: Thu 12/20/2012
Repair On GLD Bullish Call

The second leg of our bullish GLD Trade put on November 9th the December $168 Call will expire worthless tomorrow and we are going to take the gain on the first part of our trade and roll into a further out call. ~more~

#435: Wed 12/12/2012
Locking In Gain on UNG Put

We noted that we expected to be out of it in a few days on more weakness. That weakness has come and we are locking in our gain. The January UNG $20 Put and is trading at $1.36 with UNG $19.30. The gain is $0.21 or 18.26%. ~more~

#434: Mon 12/10/2012
New Bet on Natural Gas

Natural Gas and United States Natural Gas (UNG) seems ready to drop even more over the next two weeks. We will ... ~more~

#433: Wed 11/28/2012
Locking In Gains On Exxon Puts

We bought the December XOM $87.50 Put and it was trading at $1.23 with XOM at $87.76. This morning XOM is lower at $86.50. We will lock in our gain. The December XOM $87.50 Put is at $1.93 for a gaiin of $0.70 or 56.91%. ~more~

#432: Tue 11/27/2012
Buying Puts On This Integrated Oil Company

After last week's run, this stock looks ready to pull back. ~more~

#431: Mon 11/19/2012
Locking In Gains On USO Calls

We bought the December USO $31.50 Call and it was trading at $1.33. USO was trading at $31.77. USO is now trading at $32.52. The December USO $31.50 Call is now at $1.68. The gain is $0.35 or 26.32% ~more~

#430: Wed 11/14/2012
New Idea (Corrected Copy)

This trade is not dependent on the fiscal cliff but rather is driven by recent geopolitical actions. ~more~

#429: Tue 11/13/2012
Lifting One Leg Of GLD Trade

With GLD range bound we will cover our November $169 call we sold locking in a nice gain of $0.51 or 63.75%. We remain with our December $168 Call. We may look to sell some more calls if GLD remains range bound. ~more~

#428: Fri 11/9/2012
New Gold Bet

Gold appears to have stablized but has not yet broken out. Therefore, we will buy a bullish calendar spread. ~more~

#427: Tue 11/6/2012
Locking In Gains On SPY

Last Friday we bought the SPY December $143 Call. The December $143 Call was trading at $2.86 and is now at $3.02. The gain is $0.16 or 5.60%. ~more~

#426: Fri 11/2/2012
New Trade

We like the rebound in the market this week and today's intraday pullback. Therefore, we will ... ~more~

#425: Thu 10/25/2012
Locking In Gains On GLD November Calls

Yesterday we noted that, "Gold peaked on October 4th and now looks to be ready to rebound. We have a proprietary standard deviation and trend model that has given a buy signal." This morning we have gotten a very nice move. The November $165 Call was trading at $2.40 when we bought the call. The call is now at $2.93 for a gain of $0.53 or 22.08%. ~more~

#424: Wed 10/24/2012
New Play on Gold

We are issuing a new trade recommendation on GLD. ~more~

#423: Tue 10/16/2012
Taking Gains On SPY November Calls

We bought the SPY November $143 Call at $2.84. We were playing for a move to $145 in the next several days based on proprietary technicals. SPY is now at $145.05. SPY was trading at $143.25 when we wrote the original note. The November $143 Call is now at $3.57 for a gain of $0.73 or 25.70%. ~more~

#422: Thu 10/11/2012
BHI Repair Trade

We are selling the October $45 Calls in BHI and buying the November $45 Calls. Pay careful attention to our instructions on the trade. ~more~

#421: Wed 10/10/2012
Bullish Bet (Corrected Copy)

The S&P 500 has been lower for four days in a row. The record is six in 2012. Therefore, the odds are on our side for a rebound. We are NOT buying in the energy space but on ... The trade instructions are updated with the correct copy. ~more~

#420: Wed 10/3/2012
Locking In Gain On UNG Puts

Yesterday we noted, ".. natural gas is getting extended here and we will bet on a pullback that is imminent." The October $23 Put was trading at $1.00. We were playing for a move to $22 in the next couple days based on proprietary technicals. We are there. The October $23 Put is now worth $1.40 for a gain of $0.40 or 40%. ~more~

#419: Tue 10/2/2012
Negative Bet In The Energy Space

We will take a stab that a certain commodity has moved too much and needs to pullback. Therefore, buy puts in ... ~more~

#418: Thu 9/27/2012
New Bullish Bet

With the S&P 500 lower five days in a row, we like the odds of buying calls in the energy space in ... ~more~

#417: Tue 9/25/2012
Locking In Gain On XLU Calls

Yesterday the October $36 Call was trading at $0.53 and we bought it. This morning we have a nice open and will lock in our gain. The Call is now worth $.69 for a gain of $0.16 or 30.18% ~more~

#416: Mon 9/24/2012
New Trade In The Utility Space

Utility stocks have been hammered since July. This is good as it allows us to ... ~more~

#415: Mon 9/17/2012
Closing GLD Put Trade For A Gain

The breakdown in gold and GLD has happened sooner than we thought and we are locking in our gain of $0.80 or 23.52%. ~more~

#414: Mon 9/17/2012
New Bearish Put Position In Materials

This has been a FABULOUS run in materials names. Time for a rest and we will buy some puts. ~more~

#413: Thu 9/13/2012
Taking Gains In USO Calls

The October $36 Call was trading at $1.42. USO was trading at $36.23. Now USO is trading at $36.58 and the call is worth $1.69 for a gain of $.27 or 19.01%. ~more~

#412: Wed 9/12/2012
New Buy For Energy

We will buy October calls in ... ~more~

#411: Thu 9/6/2012
Locking In Gain On BHI Calls

The market is higher on ECB news and we are going to lock in our gain on BHI. ISM is just out and the August ISM Nonmanufacturing came in better than expected. Therefore we are going to take our profit of $0.40 or 25.81%. ~more~

#410: Tue 9/4/2012
New Buy In The Drilling Space

This stock has pulled back after a nice run and now filled its gap. Therefore, we are going to buy the September Call in ... ~more~

#409: Tue 8/21/2012
Locking In Gain On GLD Call

The September $157 Call was trading at $2.52 when we put the trade on yesterday. This morning gold is up 1% and we will lock in our gains. The September $157 Call is now at $3.80 for a gain of $1.28 or 50.79% ~more~

#408: Mon 8/20/2012
New Position In GLD

Gold Is Locked a $0.25 trading range since Thursday which is really unusual. Therefore, we will ~more~

#407: Thu 8/16/2012
Closing Bullish Call Spread In GLD For Gain

The September $157 Call is now trading at $2.81 while the September $153 Put is now at $1.33, so the spread is worth $1.48. Our gain is $0.42 or 39.62%. ~more~

#406: Mon 8/13/2012
New Buy In The Materials Space

With this morning's pullback, we are going back into the materials space. ~more~

#405: Fri 8/10/2012
Locking in Gain On GLD Bullish Spread

The September $156 Call is trading at $4.10 while the September $152 Put is at $1.30, so the spread is worth $2.85. We paid $1.90 so our gain is $0.95 or 48.42%. ~more~

#404: Thu 8/9/2012
Taking A Small Loss in Alcoa (AA)

We bought the August $8 call that was trading at $0.90. A month later it is at $0.87 with expiration looming next week. We will sell the calls and take a $0.03 loss which is a 3.33% loss. ~more~

#403: Mon 8/6/2012
New Trade

We are adding a new trade to the materials space. Last week we took a nice gain in this space and are ready to play for a further up move in ... ~more~

#402: Fri 8/3/2012
Locking In GLD Bullish Spread

The September $154 Call is now at $4.30 and the August $150 Put is now at $0.31 for a spread value of $3.99. The gain on the spread is $0.67 or 20.18%. ~more~

#401: Fri 8/3/2012
Locking In Gain On EWZ Bullish Spread

We will lock in our gains here. The August $53 Put is at $0.88 and the September $53 Call is at $2.36. The spread is now worth $1.48 for a gain of $0.91 or 159.65%. ~more~

#400: Thu 8/2/2012
New Bullish Bet In Materials Space

We will establish a new position in the materials space as today provides a good entry point. ~more~

#399: Tue 7/31/2012
New ETF Options Trade

We like to trade this country ETF as it has strong ties to the commodities and energy market. Therefore, we will establish a bullish spread on ... ~more~

#398: Wed 7/25/2012
Locking In Gain On GLD Call

A week ago we noted that , "We like gold at the current level and will play SPDR Gold Shares (GLD)." We bought the August GLD $153 call that was trading at $3.05. The call is now at $4.00 for a gain of $0.95 or 31.14%. ~more~

#397: Mon 7/23/2012
Locking In Gain on BHI Calendar Call Spread

Thursday we noted that we liked the action in Baker Hughes (BHI) but did not think it was moving above $42.83 by Friday. Well we were wrong in our timing but right in the direction. Friday we closed a portion of the trade and now will close out the remainder of the trade.We bought back the July $42 BHI Call at $3.65. It was sold at sold $0.83 so the loss is $-2.82 per contract. This morning the August $42 BHI Call is now at $4.80. The spread cost cost us $0.72 and is now worth $1.15. The gain is $0.43 or 59.72% ~more~

#396: Fri 7/20/2012
Lifting One Leg In BHI Calendar Call Spread

Yesterday we noted that we liked the action in Baker Hughes (BHI) but did not think it was moving above $42.83 by today. Well we were wrong in our timing but right in the direction. So here is the action we will take. ~more~

#395: Thu 7/19/2012
Calendar Call Spread

We like the action in this oil service name and will set up a calendar call spread. Part of our trade will be paid off tomorrow. Such a deal. ~more~

#394: Wed 7/18/2012
Buying Calls In The Materials Space

We like gold as a buy at this point in time. Therefore, we will buy a ... ~more~

#393: Fri 7/13/2012
Locking In Gains on Diamond Offshore (DO) Bullish Spread

Wednesday we noted that we liked the action in Diamond Offshore (DO). The stock was trying to break out above $61 and it is now confirmed. We are going to buy back the July $60 DO Puts which are trading at $0.47 and sell the August DO $60 Call which is trading at $3.65. The cost of the spread was $1.67 and is now worth $3.18 for a gain of $1.51 or 90.42%. ~more~

#392: Wed 7/11/2012
A Bullish Spread In The Oilfield Equipment Space

Certain offshore names are starting to move higher. Timing for a breakout is uncertain so we will establish a bullish spread. This is our second stock related option trade of the week. ~more~

#391: Mon 7/9/2012
Trade As Earnings Season Kicks Off

Call action is heavy in Alcoa (AA) as it will kick off earnings season today after the close. The options volume is heavy on the call side. Therefore, with the stock near a 52 week low we will establish a ... ~more~

#390: Fri 6/29/2012
Locking In Our Gain On The Sale of GLD Call Spread

With GLD higher today, we are going to sell our July $156 Calls for $2.00. Coupled with our profits on the sale of the $162 and $157 Calls the spread is now worth $2.92 for a gain of $0.48 or 19.67%. ~more~

#389: Fri 6/29/2012
Closing Out Our SLV Calendar Call Spread For A Gain

We are not quite to $27 but we are going to close the other leg of the trade. Sell the October $26 Call which is trading at $2.34. The gain $0.18. With our gain of $0.19 on the first half of the trade the profit is $0.37 or 33.33%. Enjoy the weekend. ~more~

#388: Tue 6/26/2012
Lifitng One Leg in SLV Calendar Spread

Monday saw SLV close at $26.71. The July call rose in line with the October Call. We did not like this move. Today SLV has pulled back and now we have a gain on the sale of the July $26 call as it has moved to $0.86. There we will lock in our gain of $0.19 or 18.09%. ~more~

#387: Fri 6/22/2012
Continuing to Roll Our GLD Trade

Gold continues to struggle. Last week we took gains on our July $162 Call we sold and then bought back lower. We then rolled into selling July $157 Calls at $1.39. With GLD lower again today, we are going to roll out of the July $157 Calls at $1.14 for a $0.25 profit or 17.98%. This is the second leg we have sold and covered in our July GLD trade. We remain long the July $156 Call. ~more~

#386: Thu 6/21/2012
Closing Our SPY Bearish Spread Set On 6/15

On Friday 6/15 we noted, "The market has run up into the Greece Election. There is an old adage on Wall Street of "buy the rumor and sell the news". Therefore, we are going to buy a put that is in the money and buy a call out of the money." We established a spread in the SPDRS Trust (SPY). We bought the July $134 Put and bought a July $140 Call. The July $134 Put was at $3.18 in value and the July $140 Call was at $0.60. The cost of this trade was $3.78. The price of SPY was $134. We will close the trade out. The July $134 Put is at $3.25 and the July $140 Call is at $0.20. The spread is now worth $3.45 for a loss $0.33 of 8.73%. ~more~

#385: Thu 6/21/2012
Another Materials Trade

We are going to play a calendar call spread in ... ~more~

#384: Thu 6/21/2012
Lifting Part Of Our Leg on July GLD Call Spread

We are going to lift part of our July Call Spread in the SPDR Gold Shares (GLD). This ETF still appears to be in an uptrend but is corrrecting June gains. So we will buy back the GLD July $162 Call. The July $162 Call was put on for $1.31 and is now worth $0.56. So we have a gain of $0.75. We will then sell the July $157 GLD Call which is trading at $1.39. So we will keep $0.67 of profits on this trade for future ammo, (($1.31+0.75)-$1.39). ~more~

#383: Wed 6/20/2012
Back in Materials Space On The Call Side

With the FOMC announcement behind us and Federal Reserve Chairman Bernanke's press conference up soon, we are going to establish another call spread in ... ~more~

#382: Fri 6/15/2012
Buy The Rumor And Sell The News

The market has run up into the Greece Election. There is an old adage on Wall Street of "buy the rumor and sell the news". Therefore, we are going to ... ~more~

#381: Fri 6/15/2012
Locking In Gains On July GLD Call Spread

We are going to take profits on our July Call Spread in the SPDR Gold Shares (GLD). This ETF still appears to be in an uptrend but we are moving to the sidelines for the weekend ahead of the Greek Elections. The July $155 Call is at $6.15 and the July $162 Call is at $2.85. The spread is now worth $3.30 and we established it at $2.78. The gain is $0.52 or 18.70%. ~more~

#380: Mon 6/11/2012
New Call Spread In Materials Space

We are back to playing gold again. How? This is our second update as one line in the Trading Instructions needed to be corrected. ~more~

#379: Wed 6/6/2012
Locking In Gain On GLD Call

We well sell the GLD July $151 Calls at $9.65 allowing our srpead to close worth $3.15 for a gain of $1.16 or 58.29%. ~more~

#378: Tue 6/5/2012
Lifting One Leg In GLD Calendar Call Spread

On May 24th, we noted that gold continued to struggle with a range of $150 to $155. Therefore, we bought the SPDR Gold Shares (GLD) July $151 Calls and sold the June $151 calls. The July $151 Calls were trading at $4.90 and the June $151 calls were trading at $2.91. The cost of this spread trade was $1.99. Now on June 5th, GLD has moved to $157.11. The spread is worth $2.00. It appears to us that GLD can move to $160 rather than remaining in its range of $150 to $155. So we will close the June $151 Call and let the July $151 Call trade without a hedge. ~more~

#378: Fri 6/1/2012
Locking In Gain On SPY Calls

That was quick. The rebound came quicker than we thought it would. Sell the SPDR s Trust Unit (SPY) June 128 Calls at the market for a gain of $0.75 or 28.52%. ~more~

#377: Fri 6/1/2012
Buying SPY Calls

We rarely buy SPY calls but have that ability. So we are going to exercise that right. Buy the ... ~more~

#376: Thu 5/24/2012
New Calendar Call Spread

The materials sector continues to struggle. We like the sector but recognize it many take longer for the sector to recover, so a great way to play this situation is to establish a calendar call spread. ~more~

#375: Tue 5/22/2012
Locking In Gain On XLE Calendar Call Spread

On May 8th we noted that the Energy Select SPDR (XLE) was oversold on a daily and weekly basis. Therefore, we established a calendar call spread. We sold the May XLE $67 Calls at the market and bought the June $67 Calls at the market. The May XLE $67 Call was at $1.46 and the June $67 Call was at $2.38. The Cost of the spread was $0.92. We let the May $67 call expire worthless last week and our June $67 Call is now at $1.10. So the spread is worth $1.10 for a gain of $0.18 or 19.56%. ~more~

#374: Sat 5/19/2012
USO May June Call Spread Complete For Nice Gain

We sold the May USO $36 Calls at the market and bought the June $36 Calls at the market. The May USO $36 Call was at $0.92 and the June $36 Call was at $1.53. The Cost of the spread was $0.61. The May $36 put expired worthless and we sold the June $36 Call for $0.83 on Wednesday. This means that the spread eneded up being worth $0.83 on Friday's expiration for a gain of $0.22 or 36.06%. ~more~

#373: Thu 5/17/2012
Taking Gains In GLD Calls

We bought the June $150 Calls at $2.93. They are now at $4.35 for a gain of $1.42 or 48.46%. Sell for a gain. ~more~

#372: Wed 5/16/2012
Materials Name Is Too Cheap

Sometimes you look at a stock after it has corrected and say,"...this is stupid cheap". We are there on ... ~more~

#371: Wed 5/16/2012
Lifting One Leg In Our USO Calendar Call Spread

A week ago we noted that the United States Oil Units (USO) were oversold on a daily and weekly basis. We noted that, "We know or have strong conviction that it will recover or have a several day rally but we are just not sure when. Therefore, we are going to write a calendar call spread." We remain oversold and there is a risk of a further drop from here therefore we are going to lock in part of our gain. ~more~

#370: Wed 5/9/2012
The Price Of Energy Is Getting Too Cheap

We will set up a calendar call spread in the energy space. Sell the May ... ~more~

#369: Tue 5/8/2012
New Trade Calendar Call Spread

Energy names are getting oversold here and we will play a calendar call spread in ... ~more~

#368: Thu 5/3/2012
New Calendar Call Spread

The materials sector continues to struggle. We like the sector but recognize it many take longer for the sector to recover, so a great way to play this situation is to establish a calendar call spread. ~more~

#367: Wed 5/2/2012
Locking In Gain On CHK Call Sold Last Week

It has been a wild week for Chesapeake Energy Corporation (CHK) culminating in awful earnings and conference call. The company was the creation of Aubrey McClendon and he is going down. We sold the May CHK $17 calls at $1.37. The calls are now worth $0.98 on the offer side and the stock is at $17.02. This is a fast moving market so be quick with this trade. Our gain is $0.39 or 28.46%. ~more~

#366: Fri 4/27/2012
Establishing a Bearish Call Spread

Back in the middle of February, we closed a long call position in Chesapeake Energy (CHK) and wrote,"One of our key contacts in the energy space and a personal friend for over twenty years notes that the leaders of the energy space think that there is something dreadfully wrong at this company....Going forward we are only going to look at Chesapeake as a negative play due to this analysis." Time to play. ~more~

#365: Tue 4/24/2012
New Put Spread In The Gold Space

Gold continues to struggle. This morning gold was ramping higher and the gains have been clipped in the afternoon. Therefore, we are going to establish a new put spread in ... ~more~

#364: Fri 3/16/2012
Buy Back the UPL Put Leg

Our spread trade in UPL saw us sell the March $25 Put for $0.75. Stock has rallied today. ~more~

#363: Thu 3/8/2012
New Buy In Oil & Gas Exploration

We will trade from the long side one of our favorite names, buy the April ... ~more~

#362: Wed 2/29/2012
We Have Been Watching This Name For A While

This stock has been beaten up and is now finally starting to come back to life. Therefore we will establish a bullish call spread in ... ~more~

#361: Tue 2/21/2012
Locking In Gain on March $170 GLD Call

We will close out the March $170 Call in GLD for a gain of $0.85 or 19.35%. We opened the trade on February 3rd and now have been able to take our gain 20 days later. ~more~

#360: Tue 2/21/2012
Locking In Gains on BHI Calls A Day Later

Baker Hughes (BHI) has gotten a nice pop this morning and we will lock in our gain of $0.45 for a profit of 23.19%. ~more~

#359: Fri 2/17/2012
New Buy In The Oil Service Space

Instead of buying calls in OIH, we will establish a long bet on a name in this ETF. Buy 10 March ... ~more~

#358: Mon 2/13/2012
Closing Calls In Chesapeake Energy (CHK) For A Gain

This morning we will close out our April $22 Calls in Chesapeake Energy (CHK) for a gain of 10.14%. Why are we not staying around for more upside? Read on. ~more~

#357: Tue 2/7/2012
Closing Out Devon Calendar Call Spread For A Nice Gain (Corrected)

We ALWAYS take a profit when we are up more than 25% in the first day of a trade. Therefore we will close our Devon (DVN) Calendar Call Spread for a gain of $0.64 or 45.07%. ~more~

#356: Mon 2/6/2012
Calendar Straddle In The Exploration Space

We like this name as it has based and now looks ready to breakout. Therefore, we will establish a bullish calendar straddle in ... ~more~

#355: Fri 2/3/2012
New Call Buy In The Materials Space

We like the pullback today on gold and will initiate a trade in the materials space as we see more upside to gold and materials. Therefore, buy a ... ~more~

#354: Thu 2/2/2012
Taking Gains On OIH Call Spread

A week ago we recommdeded the Oil Service HOLDRS (OIH) and the fact that this ETF had sold off gave us a good entry point on the long side. We now have a gain of $0.15 or 6.38%. ~more~

#353: Thu 1/26/2012
Call Buys In The Oil Service Space

We will establish a call spread in the oil service space. Buy the ... ~more~

#352: Wed 1/18/2012
Locking In Gain On OXY Feb $97.50 Calls

On January 3rd, we recommended the February $97.50 Calls for $4.50 a call. The gain is now $0.90 or 20% and we will lock in our gains. ~more~

#351: Thu 1/12/2012
Natural Gas Play

Finally the cold weather and snow are starting to blanket the United States. Therefore, we will buy calls in a natural gas play. We will take a long term view on this trade. ~more~

#350: Tue 1/3/2012
Large Cap Energy Call Buy

Our first buy of 2012 is a February Call in a well known large cap Energy name... ~more~

#349: Wed 11/30/2011
New Calendar Call Spread

We will add a calendar call spread in the materials space. ~more~

#348: Thu 11/17/2011
Closing Out RIG Call Spread For A Gain 0f 61.81%

On November 3rd, we noted that Transocean LTD (RIG) had been hammered on a weaker earnings report. Morgan Stanley had just put the stock on its short term buy list. We liked this idea and will set up a calendar call spread in RIG. A couple weeks later we can lock in this trade for a nice gain of 61.81%. Once it begins to recover again then we will revisit for another trade. ~more~

#347: Thu 11/17/2011
Lifting One Leg In Molycorp (MCP) Call Spread

Buy back the December $45 Call at the market which is $0.10. This gives us a gain on the short part of this spread of $2.11 off a cost of $2.21. We will reploy this $2.11 in the future with some lower priced calls or selling some puts. Watch for a new leg on this trade between now and the end of November. ~more~

#346: Fri 11/4/2011
New Call Spread In This Materials Play

We like this materials name and the CEO today presented a bullish argument on CNBC. Therefore, we will buy a call spread in ... ~more~

#345: Thu 11/3/2011
New Call Spread

A top name in the OIH is getting hammered today and we will buy a calendar call spread. ~more~

#344: Thu 11/3/2011
New Position in SLV

We like the upward bias in silver and its ETF the Silver Trust iShares (SLV). Therefore we are going to ... ~more~

#343: Thu 10/27/2011
Closing OIH Calendar Call Spread For A Nice Gain

On October 3, we sold the October 105 Call and bought the November 110 Call. Then last week we covered the October $105 Call for $15.45. Now we will sell the November $110 Call for a gain of $6.00 and a percentage gain of 757%. ~more~

#342: Fri 10/21/2011
Lift One Leg Of OIH Calendar Spread

On October 3, we sold the October 105 Call and bought the November 110 Call. We will cover the October 105 Call and remain long the November 110 Call. ~more~

#341: Thu 10/20/2011
Closing Part of Our October GLD Put Spread And Rolling Into November

We established an October Put Spread in GLD on September 29th. We will roll this trade into November as GLD is finally starting to move lower. ~more~

#340: Mon 10/3/2011
Stupid Cheap

Names in the energy sector are getting stupid cheap. Therefore, we are going to establish a calendar spread on ... ~more~

#339: Thu 9/29/2011
Establishing A New Position

Last week we closed out a nice put trade on GLD. This week we are revisiting GLD. We will buy a ... ~more~

#338: Thu 9/22/2011
Close Out GLD Put For A Gain

We bought the October $168 Put (GLD111022P00168000) at $5.65. We expected to be out of this trade within the next few days but are locking in our gain after one day. The October $168 put is now at $8.75. The gain is $3.10 or 54.87%. ~more~

#337: Fri 9/9/2011
Lifting Part Of Our Leg In OIH Put Spread

We bought a September $120 put and sold a September $115 Put on August 22nd. Expiration is a week away. Therefore, we are going to sell the $120 put and let the $115 sell remain open. ~more~

#336: Mon 8/22/2011
More Downside Ahead For Energy Names

We will establish a new put spread position in the energy space. Buy the September... ~more~

#335: Wed 8/3/2011
New Idea In The Materials Space

The move in gold is a bit extreme here. Therefore, we will set up a ... ~more~

#334: Mon 8/1/2011
Locking In Gain on DIA Put Spread

Friday we bought an August $122 DIA put and sold the August $118 DIA put. The cost of the spread was $1.34. The $122 put is at $3.80 and the $118 put is at 1.98. The spread is worth $1.82 for a gain of $.48 or 35.82%. ~more~

#333: Fri 7/29/2011
New Put Spread Position

As we enter what is going to be a "long long" weekend, it seem appropriate to establish a put spread on ... ~more~

#332: Mon 7/25/2011
Locking In Gain On GLD Call Spread

The August $152 Call (GLD110820C00152000) is at $6.40 and the August $157 Call (GLD110820C00157000) is at $3.15. The value of the spread is $3.25 for a gain of $0.74 or 29.48%. GLD is trading at $157.69. ~more~

#331: Thu 7/21/2011
New Call Spread With A Slightly Negative Bias

We are going more in the money on this call spread hoping for a couple dollar pullback ... ~more~

#330: Mon 7/18/2011
Close August GLD Call Spread For Gain

Last week we bought an August $154 Call (GLD110820C00154000) at $3.35 and sold the August $160 Call (GLD110820C00160000) for $1.35. The cost of this spread was $2.00. The spread is now worth $2.45 for a gain of $0.45 or 22.50%. ~more~

#329: Wed 7/13/2011
New Call Spread In The Materials Space

We are adding a new spread position in the materials space. Buy the August... ~more~

#328: Wed 7/13/2011
Doing Some Repair Work On July USO Call Spread

On June 8th, we established a call spread on United States Oil Units (USO). We bought a July $39 Call (USO110716C00039000) which was trading at $1.92 and sell a July $42 Call (USO110716C00042000) which is trading at $0.60. The spread wass worth $1.32 and the breakeven is $40.32. There are three days to expiration. Therefore, it will be hard to have this trade turn into a winner. The $42 calls we sold will bring in $0.60 cents. The $39 calls are at $0.28 cents. Therefore, we are going to sell the July $39 Calls and then buy ... ~more~

#327: Wed 6/8/2011
OPEC Disagreement Creates Opportunity

The OPEC Oil Ministers concluded their meeting in Vienna in a stalemate. The largest members led by Saudi Arabia wanted to increase output while Iran and its follows lobbied to keep supply tight. This creates an opportunity to buy a ... ~more~

#326: Tue 5/31/2011
Time to Buy Calls In This Drilling Names

We will buy July Calls in ... ~more~

#325: Wed 5/25/2011
Locking In Gains On OIH Call Spread

The June $147 Call is at $6.35 and the June $155 Call is at $2.23. The spread is worth $4.08 for a gain of $0.78 or 23.63%. ~more~

#324: Thu 5/12/2011
Buying a Call Spread In The Energy Space (updated instructions)

Enough is enough. Time to start nibbling on the long side here. We will buy a call spread in ...bullet86 ~more~

#323: Tue 5/3/2011
Buying A Call In The Precious Metals Space

Precious metal names seem to have held their two day selloff and the dollar shows no signs of strengthening. Therefore, we will buy a June Call in ... ~more~

#322: Wed 4/27/2011
Locking In Gain On Exxon May $85 Call

We will close out our Exxon May $85 for a gain of $0.80 or 37%. The stock is move back to Wednesday's highs after selling off Thursday on the earnings beat. ~more~

#321: Mon 4/25/2011
Buying Calls In This Integrated Name

Several of the integrated names will report earnings and we like ... so we will buy calls in the May... ~more~

#320: Wed 4/20/2011
Closing OIH Call Spread For A Gain Of 22% In Eight Days

We bought the May $155 Call (OIH10521P00155000) and sold the May $160 Call (OIH10521P00160000). The May $155 was trading at $6.40 and the May $160 Call was at $3.95. The spread was worth $2.45. The spread is now worth $3.00 for a gain of 22%. ~more~

#319: Tue 4/12/2011
Oil Related Stocks Have Been Hit Hard The Past Two Days

Given the drop in many oil related stocks, we are going to dip our toe in the water on the buyside. Therefore we will buy a call spread in... ~more~

#318: Fri 4/8/2011
Fourth Name For Micro Cap Portfolio

In 2009, we started a Micro Cap Stock Portfolio separate from our option recommendations. Currently, there are three stocks in this portfolio. This is a five stock portfolio and we will add a fourth stock to the holdings. The portfolio is now 80% invested. ~more~

#317: Fri 4/8/2011
Locking In Gains On GLD Call Spread

When we put on this trade GLD was trading at $140.63. it is now at $143.55. The May $140 call is at $3.65 and the May $145 Call is at $0.83. The value of the spread is $2.82. Our gain is $0.84 or 42.42%,. Enjoy the weekend as our government potentially shuts down for a few days. ~more~

#316: Tue 4/5/2011
Buying A New Call Spread

Inflation is back on as a trade for macro traders. Therefore, we will buy a call spread in... ~more~

#315: Wed 3/30/2011
Closing APA Call Spread For A Gain

We will closes out our ammended APA Call Spread for a gain of 6.58% or $0.40. Make sure to read the details of the closing of this trade. ~more~

#314: Thu 3/24/2011
Locking in Gain on OIH Call Spread

The April $159 Call is now at $6.40 while the April $162 Call is at $4.70. The value of the spread is $1.70 for a gain of $0.25 or 17.25%. ~more~

#313: Wed 3/23/2011
Locking In The Gain On EWZ Call Spread

On March 1st, we established a call spread on MSCI Brazil (EWZ). We bought the April $74 Call and sold the April $77 Call. The April $74 Call is now at $2.40 and the April $77 Call is at 0.80 of the value of the spread is $1.60 for a gain of $0.20 or 14%. ~more~

#312: Mon 3/21/2011
Buying A Call Spread In This Materials ETF

We are buying a May call spread in this Material ETF as there are lots of data points out in the last day that inflation is a clear and present danger. Therefore, we will buy... ~more~

#311: Thu 3/17/2011
Locking In Gain On FCX Call Spread For Gain Of 34%

We bought a cal1 spread in Freeport McMoran Copper & Gold (FCX) on March 8th. The stock has been all over the place since we recommended this spread and now it is in rally mode so we are taking our gains. The gain in the spread is 34%. ~more~

#310: Wed 3/16/2011
Taking APA Call Spread Profits On One Leg And Reestablishing Leg At A Lower Level(Corrected Copy)

Back on February 25th, we put on a call spread in Apache (APA). We bought the April $120 Call and sold the April $130 Call. The stock has moved lower and we will buy back the $130 and establish ... ~more~

#309: Tue 3/8/2011
Buying A Call Spread In This Name In The Materials Space

We have been following theis materials stock and it appears to be holding firm at a key support level. Therefore, we will buy a call spread in this name. Buy the April ... ~more~

#308: Tue 3/1/2011
Locking in Gains On March $137 GLD Call

On February 17th we rolled February $134 GLD Call to a March $137 Call for $1.31. We paid $2.61 for the February $134 call. So when we sold the February $134 call it had a loss of $1.41 as we exited at $1.20. We paid an additional $0.11 cents to purchase the March $137 Call. The March $137 Call is at $3.15. So we will sell this call at the market. The total cost of our trade was $2.72. The profit is $0.43 or 15.81%. ~more~

#307: Tue 3/1/2011
New Call Spread Trade In Energy Related ETF

We have traded this ETF in the past and watch it closely. The ETF looks like it is getting ready to break out after a period of consolidation. ~more~

#306: Tue 3/1/2011
Third Name For Micro Cap Portfolio

In 2009, we started a Micro Cap Stock Portfolio separate from our option recommendations. Currently, there are two stocks in this portfolio. This is a five stock portfolio and we will add a third stock to the holdings. ~more~

#305: Fri 2/25/2011
New Buy In The Exploration Space

We will buy a call spread in this name as it is starting to move higher... ~more~

#304: Thu 2/17/2011
Rolling February $134 GLD Call In March

On January 18th we bought the February $134 Call in the Streettracks Gold Shares (GLD). We thought GLD could move 5% but it did not. The cost of the call was $2.61. It is now at $1.20 for a loss of $1.41. The breakeven on this trade would be $136.41. It could hit this level tomorrow but could also pullback. So we will do the smart thing and sell the February $134 call and buy a ... ~more~

#303: Mon 1/31/2011
Establishing a Put Spread On The Market

Both James and I believe today's bounce back in the U.S. equity market is an overreaction to "all is well again". Egypt is going to be a ... ~more~

#302: Tue 1/18/2011
Buying Calls In A Materials ETF

The dollar has been weak for moere than one week. As a result, the trend in the U.S. Dollar is weaker. Materials will benefit from this. Therefore, we will buy a February Call in ... ~more~

#301: Wed 1/12/2011
Locking In Gain On HAL Call Spread

Last Thursday we bought February $38 Call (HAL110219C00038000) for $2.02 and sold the February $41 Call (HAL110219C00041000) for $0.83 . The cost of the spread was $1.19. The spread is now worth $1.60 for a gain of $0.41 or 34%. We will close this trade out and move on. ~more~

#300: Wed 1/12/2011
Close The Call Spread In OIH For Gain

Back on December 22nd we established a call spread on the Oil Service Holders (OIH) as we expected it to break above $140 in short order. It took longer to break out but it has and now we will lock in our gains. The $139.10 Call is worth $5.20 and the $142 call is worth $$3.20. Therefore, the value of the spread is $2.00 for a gain of $0.69 or 53%. ~more~

#299: Tue 1/11/2011
Buying Calls In This Commodity ETF

The price of this commodity looks ready to breakout. Therefore, we will buy calls in an ETF that is a proxy for this play. Buy calls in ... ~more~

#298: Thu 1/6/2011
New Call Spread

A name we have traded in the past has been hit today creating a good opportunity on the long side. Therefore, we will buy a call spread in ... ~more~

#297: Mon 1/3/2011
Closing Out Bullish Spread in Key Energy Group (KEG)

Our profit on this trade was $2.80 on a cost of $0.25. The gain on this trade is 1020%. Not a bad way to start the year. ~more~

#296: Thu 12/30/2010
Locking In Gain on EWZ Bullish Spread

We bought a January $75 Call for $2.55 and sold a January $73 Put for $1.94 on December 13th. The cost of this trade was $0.61. The break even was $75.63. The stock is now at $76.55. The January $75 Call is worth $2.63 and the January $73 Put is worth $0.62. The cost of this trade was $0.61 and the spread is now worth $2.01. The gain is $1.40 or 229%. ~more~

#295: Wed 12/22/2010
New Idea In The Oil Service Sector

Oil services names look interesting as they have been consolidating recent gains. It appears to use there is more ... ~more~

#294: Fri 12/17/2010
Closing WY Dec $12.50 Call For No Gain or Loss and Partial Close KEG For Gain

We bought the December $17.50 calls for $1.25. This call is now trading at $1.25 so we have a gain of $0.00 or 0%. The stock increased in price nicely today to a price of $18.23. Sell the December $17 Call for a no gain or loss. We own the March $10 call at $1.80. The option is trading at $2.60 on the bid side so we have a gain of $0.80 cents. The December $12.50 put was sold for $1.55 and is at $0.15 on the offered side. The gain is $1.40 so we will buy back the December $12.50 put so that we do not have to take any futher action. The spread cost us $0.25 and is now worth $2.45 for a $2.20 gain or 780% so far as the trade is not closed and the March Call will remain open ~more~

#293: Mon 12/13/2010
Buy A January Call Spread In This Country ETF

We will buy a Janaury call spread in this energy rich country ETF. Buy the January ... ~more~

#292: Wed 12/1/2010
Closing OIH Trade For Nice Gain

Yesterday we bought the Jan $129.10 Call for $5.50 and today it is at $8.80 for a gain of $3.30 so we will take our 60% gain here and now. Expect us to trade OIH as it breaks above $135. ~more~

#291: Tue 11/30/2010
Playing The Oil Service Group

Time to establish calls in the oil service space as we will... ~more~

#290: Fri 11/19/2010
Do Not Cover The Last Part Of The November GLD Spread

It will expire worthless and our spread will be worth $1.31 for a loss of 21%. This strategy worked well and we avoided a spread that could have expired worthless. ~more~

#289: Tue 11/16/2010
Parital Close of November GLD Put Spread

There are three days after today to expiration. We will partially close this spread out. Sell the $130 November $130 put but remain short the $126 put. ~more~

#288: Mon 11/15/2010
New Bullish Trade In Materials Space

This materials name sees good call action today and we like the action in this name so we will buy ... ~more~

#287: Thu 11/11/2010
Takeover Play

A sellside analyst recommended this name as a buy based on a potential bid for the company by Halliburton (HAL). We like the idea and will buy a bullish spread... ~more~

#286: Thu 11/4/2010
Closing Bull Spread in Valero (VLO) For Nice Gain

The $18 calls are now worth $0.73 cents and the $$18 puts are at .23 cents. The spread is now worth $0.50 for a gain of $0.46 cents or 1150%. ~more~

#285: Tue 10/26/2010
New Bullish Spread Trade

We will buy November calls in this refiner name and sell November puts with a goal of ... ~more~

#284: Fri 10/22/2010
Selling Calls in APC For Gain

Last Thursday we bought the November $57.50 Calls in Anadarko Petroleum Corp (APC). The November $57.50 calls were at $3.15 when the recommendation was made. The stock has broken out to the upside today. The calls are now at $5.05 so we will lock in our gain of $1.90 or 60% ~more~

#283: Wed 10/20/2010
Locking In Gain On OIH Call Spread

We bought a call spread in the Oil Service HOLDRS Depository Receipts (OIH) yesterday. The spread cost was $2.00 and now the spread is at $2.30 for a gain of $0.30 or 15%. ~more~

#282: Tue 10/19/2010
Initiating A Call Spread In The Energy Patch

The sell off was too steep today so we will buy a call spread in ... ~more~

#281: Thu 10/14/2010
New Call Recommendation

Buy calls in this oil and gas exploration name... ~more~

#280: Thu 10/7/2010
Big Red Candle Is Not Good

A big red candle has taken hold today on this ETF in the materials space. Therefore, we will establish a put spread on ... ~more~

#279: Thu 9/30/2010
Taking Gains On CLF Call Spread

Tuesday we bought the November 62.50 Call and sold the November $67.50 Call. The November $62.50 Call was at $4.55 and the $67.50 Call at $2.50. The cost of this spread was $2.05. The stock was trading at $62.07. Now it is at $65.35. The November $62.50 calls are at $6.15 and the November $67.50 calls are at $3.80. Selle the calls and buy back the calls. The spread is now worth $2.35. The gain is $0.30 or 14.60%. ~more~

#278: Thu 9/30/2010
Closing EOG Calls For A Gain

Locking in gains on EOG Calls. October $90 calls (EOG101016C0009000) were bought for $5.00. This morning they are at $7.10. We will take the profit of $2.10 or 42%. ~more~

#277: Tue 9/28/2010
Buying Calls In This Natural Resources Play

We will buy a November call spread in ... ~more~

#276: Thu 9/23/2010
Locking In Gains On SPY Puts

Yesterday, we bought the October $114 SPY Puts for $2.44. Currently, these puts are at $2.89 for a gain of $0.45 or 18.44%. ~more~

#275: Wed 9/22/2010
Buying Some Puts On The Market

Too far too fast, a test of the breakout from the June highs is in order. Therefore, we will buy ... ~more~

#274: Tue 9/14/2010
Buying October Calls In This Exploration Name

The oil and gas exploration names have been hit and look ready to rebound so we will buy calls in... ~more~

#273: Fri 9/3/2010
Who Needs A Buyout?

We will take profits on the September $12.50 Calls in AK Steel (AKS) at the market. The current price is $1.39. The gain is $0.38 or 38%. ~more~

#272: Mon 8/30/2010
Takeover Rumors For This Steel Company

This morning there are rumors that XXXXX could be taken over by XXXX. Already this moring 13,437 calls have traded against 4,950 puts. This is 177% of its 20 day average. ~more~

#271: Tue 8/10/2010
Locking In Gain On RIG Put Spread

We will lock in our gain right now on today's weakness as there are only eight day left , not counting today, to expiration. Sell the August $57.50 puts and buy back the August $55 put. The price of the August $57.50 put is $2.63 and the price of the August $55 put is $1.33. The spread is now worth $1.30 for a gain of $0.26 or 25%. ~more~

#270: Mon 8/9/2010
Negative Bet On Gold

Over the weekend we wrote that a negative bet might be put on gold. We are going to buy ... ~more~

#269: Thu 8/5/2010
Put Spread On Name In OIH

Sometime it makes sense to buy the rumor and sell the news. This is definitely the case for ... ~more~

#268: Tue 8/3/2010
Locking In Gain on BHI Put Spread

This morning the August $50 Put is at $5.60 while the August $47 is at $3.20. The spread is worth $2.40 for a gain of $1.05. The percentage gain is 78%. Lock in gains here. ~more~

#267: Mon 7/26/2010
New Put Spread In the Energy Space

Last week DO and SLB saw earnings announcements that were less than stellar and the stocks sold off. This will be the trend this quarter for drilling names and as such we will establish a put spread in... ~more~

#266: Wed 7/21/2010
Disregard Alert #265, Sorry for Confusion

Hedge for GEA, Not GEO ~more~

#265: Wed 7/21/2010

~more~

#264: Wed 7/7/2010
Locking In Yesterday' Call Spread in OIH For A Gain

The spread is now worth $2.40. Sell the August $96 calls and buy back the August $100 calls. The $96 calls are worth $8.40 and the $100 calls are at $6.00. The spread is worth $2.40 so the gain is $0.40 or 20%. ~more~

#263: Tue 7/6/2010
New Call Spread in This Energy ETF

We like the action in this energy ETF and will buy a call spread in ... ~more~

#262: Fri 6/18/2010
Rolling June $62.50 Exxon Calls

In May we bought Exxon $62.50 calls for $2.82. The calls are in the money as Exxon is trading at $62.91 and the call are worth $0.47 cents. So sell the June Exxon $62.50 calls (XOM10061800062500) and buy ... ~more~

#261: Thu 6/10/2010
Closing OIH Calls For A Gain of 22%

We bought the Oil Service HOLDR (OIH) June $94.10 Calls for $4.25 last Thursday. We will close them out for $5.20 a gain of $0.95 or 22.35%. ~more~

#260: Thu 6/3/2010
Buying June Calls In The Energy Space (corected copy)

To avoid stock event risk with the BP debable or as we call it the Beyond Pollution debacle we will use ETFs to play the short or long side ... ~more~

#259: Wed 6/2/2010
Locking In Gains On USO July Calls

We bought the United State Oil ETF(USO) July 31 Calls for $2.39 on May 25th. A week later the easy money is in. The calls are now at $3.55. The gain is $1.16 or 50%. Sell your calls to lock in gains. ~more~

#258: Tue 6/1/2010
Locking In Gain On EWZ Call Position

On May 21st, we bought the MSCI Brazil iShare (EWZ) June $60 calls (EWZ100619C00060000) for $3.55. Today they are at $4.90 in value. We will lock in a gain of $1.35 or 38%. ~more~

#257: Tue 5/25/2010
Stupid Cheap

The selloff of energy names is tooo severe. Therefore, we will buy calls in ... ~more~

#256: Fri 5/21/2010
Time To Start Buying On Some Calls

In the energy space, this country ETF is king and it has been demoted to rook status. Therefore, we will buy calls in it and hope for a return to king status. ~more~

#255: Mon 5/17/2010
Locking In Gains On SLV Puts Of 36%

We established a put position in Silver Trust iShares (SLV) last week. We bought the June 20 Put in SLV (SLV100619P00020000) for $1.31. The puts are now worth $1.78. ~more~

#254: Thu 5/13/2010
What Goes Up, Must Come Down

The move in this commodity is too much too soon. Therefore, we will initiate a put position in ... ~more~

#253: Fri 5/7/2010
Locking In Gains On GLD Calls

Yesterday morning we bought calls in the Streettracks Gold Shares (GLD). We bought the May $116 Calls (GLD100522C00116000) for $1.79. The 6 day RSI is a 83 which means it is overbought. Currently, they are trading at $3.60 and our gain is $1.81 or 101%. ~more~

#252: Thu 5/6/2010
Update on Exxon Call Recommendation

Crazy markets did not reflect the price of our recommendation. ~more~

#251: Thu 5/6/2010
Buying Calls in This Integrated Name

We will buy calls in ... ~more~

#250: Thu 5/6/2010
Buying Calls In The Materials Space

We think that gold can break above $1200 as it is only $15 away. Therefore, we will buy ... ~more~

#249: Wed 5/5/2010
Closing Put Spread on DIA

Back on April 19th we established a put spread on the Diamonds Trust (DIA). It is now approaching oversold status. We wil llock in a gain of 37%. ~more~

#250: Mon 4/19/2010
A Rare Trade For Us

We will establish a bearish put spread in this Major Index ETF as we believe this pullback will morph into the selling we saw in June/July, October/November and January/February. Buy the ... ~more~

#249: Wed 4/14/2010
New Call Spread in Ag Space

This morning fertlizer stocks are down on sellside comments so we will take the opportunity to establish a call spread in ... ~more~

#248: Mon 4/12/2010
Adding A Stock To Our Small Stock Portfolio

Last year we established a small stock portfolio. There is one buy in it currently Star Bulk Carriers (SBLK). This morning we are going to add ... ~more~

#247: Tue 4/6/2010
Natural Gas Stocks To Get A Big Bounce

Soon we are going to find out that production is not what everyone thought it was. There is more to this story but for now we need to play this evolving story with the establishment of a call spread in ~more~

#246: Thu 4/1/2010
Taking A Small Loss in OIH Call Spread

This has been an ulcer causing trade and now we are back to close to even. The April $125 Call is at $2.52 and the April $130 Call is at $0.55. Therefore the spread is now worth $1.97. Our loss is $.03 or -1.5%. ~more~

#245: Wed 3/31/2010
Lock In Gain On April GLD Call Spread

The April 108 Call is now worth $2.29 and the April 110 Call is at $1.19. The spread is now worth $1.10 so our gain is $0.27 or 32.50%. Sell the April 108 Call and buy the April 110 Call back. ~more~

#244: Tue 3/23/2010
New Call Spread In The Materials Space

We will buy a call spread in ... ~more~

#243: Thu 3/18/2010
New Call Spread For April

We like this energy ETF and will be a call spread in ... ~more~

#242: Tue 3/9/2010
Closing Our Last Repair Trade From February For A Gain

We have a gain of $2.49 on the stock and the March $43 put is worth $0.30. The gain on the sale of this option is $1.39. Our combined gain is $3.88 against a loss of $1.20 for a profit of $2.68 on a cost of $42.63 or 6.29%. ~more~

#241: Mon 3/8/2010
Selling OIH Stock And Buyung Back The March $125 Put

This morning the OIH is at $127.23 so we will sell the stock we bought at $124.44 for a gain of $2.79. The March $125 put is now worth $1.49 so we will buy back the put and lock in a gain of $2.26. Coupled with the gain in the stock price our gain is $5.05 or 4.05%. However, we have a loss on our original call of $3.10. Therefore, our profit moves to $1.95. The final gain is $1.95 or 1.56%. ~more~

#240: Fri 3/5/2010
Locking In Gains Nucor (NUE) Calls

Tuesday we bought March $43 Calls(NUE100320C00043000) in Nucor (NUE) for $1.30. The calls are now at $1.91. We will lock in our gain of $0.61 or 47%. ~more~

#239: Tue 3/2/2010
Buying Calls In This Steel Name

We will buy March calls in ... ~more~

#238: Tue 3/2/2010
Closing GLD Call Spread

At lunch time in New York, the March $109 call is at $3.00 and the March $112 call is at $1.42. The value of the spread is $1.58 for a gain of $0.34 or 27%. ~more~

#237: Mon 3/1/2010
New Call Spread In The Gold Space

We will establish a call spread in ... ~more~

#236: Mon 2/22/2010
Locking In Gain on RIG Calls

The stock is now at $85.72 and the call is worth $3.30. The gain is $0.60 or 22%. ~more~

#235: Thu 2/18/2010
Buying March Calls In This Offshore Drilling Name

Buy the March .. ~more~

#234: Tue 2/16/2010
Locking In Gains On BP Calls

The stock is on fire and we will lock in our gains on the March calls as they are trading at $1.45 for a gain of $0.40 or 39%. ~more~

#233: Thu 2/11/2010
Locking In Gains On U.S Steel Call Spread

The March $45 Calls (FBJ100320C00045000) is now at $4.20 and the March $50 Calls (FBJ100320C00050000) at $1.93. The spread is worth $2.27 and the gain is $0.45 or 25%. ~more~

#232: Mon 2/8/2010
Buying a March Call Spread In This Steel Name

Steel stocks have been hammered. Time to go fishing... ~more~

#231: Fri 2/5/2010
Covering Short on Williams Companies and Covering February Calls For Gain of 10.50%

On January 14th, we exercised the put and went short the stock. The stock was shorted at today's $21.50 and sold the February 20 calls (WMBBD) for $2.00. Our loss on the initial put was $1.20. On the short we have made $1.86 and the short on the call has gained $1.40 as the call is at $0.60. The gain on the short stock and call total $3.46 less a loss of $1.20 our gain is $2.26 off the exercised price of $21.50 or 10.50%. ~more~

#230: Thu 2/4/2010
Too Oversold

We will buy calls in... ~more~

#229: Wed 2/3/2010
Locking In Gains On Newmont Mining Calls

Monday we bought calls in Newmont Mining (NEM). The Newmont Mining Feburary $45 Calls were bought for $1.70. They are at $2.01 so we will lock in a gain of $0.31 or 18%. ~more~

#228: Mon 2/1/2010
Buying Calls In This Material Name

We will inititate February Calls in ... ~more~

#227: Mon 2/1/2010
Taking Gains In Freeport McMoran Calls

We are locking in gains on calls we bought last week on Freeport McMoran (FCX). The February $70 Calls (FHZBN) were bought for $2.85 last Thursday and will be sold here for $3.60. Our gain is $0.75 or 26%. ~more~

#226: Thu 1/28/2010
Buying Calls In This Material Name

We will buy February Calls in ... ~more~

#225: Mon 1/25/2010
Going Long Energy ETF

The selloff last week presents an opportunity for the bounce trade in energy... ~more~

#224: Fri 1/22/2010
Closing Bearish Put Spread For A Gain

A February put spread will be closed out today. Sell February $47 Puts (BIJNE) for $2.90 and buy the February $44 Puts (BIJNA) for $1.40. The cost of the spread was $1.40 and the spread is now worth $1.50 for a gain of $0.10 or 7%. ~more~

#223: Thu 1/21/2010
Taking Gains On OIH Put Spread

Currently, the February $130 Puts (OIHNF) are at $5.75 and the February 7$125 Puts (OIHNE) for $3.35. The value of the spread is now $2.40 and the gain is $0.25 or 12%. ~more~

#222: Thu 1/14/2010
February Call Spread Initiated

We are going to bet positive on Latin American energy with a call spread on ... ~more~

#221: Mon 1/11/2010
New Put Spread In The Energy Patch

We are buying a February put spread in in this drilling and completion company... ~more~

#220: Fri 1/8/2010
Closing Out Dupont (DD) position for a gain 9.68%

We are long Dupont Stock and short the January $35 call. With a rise in the stock price and a drop in the option we will lock in a gain of %. ~more~

#219: Wed 1/6/2010
Energy Move Is Too Much Too Soon

We are buying a February put spread in this Energy ETF as the ramp up the last few days has gotten a bit too frithy for our liking. ~more~

#218: Wed 1/6/2010
One and Done

Yesterday we bought Feb $40 Calls on Ensco International (ESV). Today we will close the trade for a gain of 17%. ~more~

#217: Tue 1/5/2010
Repair Damage Is Now Complete on Frontier Oil

We will lock in a small gain of 4.78%. For an explanation of the trade, please see the full description... ~more~

#216: Tue 1/5/2010
First Trade of 2010

The Oil & Gas Drilling space has seen many stocks do well this fall into early winter. Several have peaked our interest and we will nibble on this company as we establish a call position in ... ~more~

#215: Mon 12/21/2009
Closing Put Spread In GLD

The spread is now worth $2.75 for a gain of $0.65 or 31%. The January $110 Puts are worth $4.55 and the January $105 Puts $1.80. Sell the January $110 Puts and buy back the January $105 Puts. ~more~

#214: Thu 12/17/2009
New Put Spread Trade In The Materials Space

With the U.S. Dollar strong it makes sense to establish a bearish material bet in ... ~more~

#213: Wed 12/16/2009
Selling December $12.50 Calls in Ivanhoe Mines (IVN) For A Small Gain

We recommended buying December $12.50 Calls in Ivanhoe back on September 29th. The cost of the calls was $1.90 with a break even on expiration day of $14.40. The stock is currently at $14.57 with the call at $1.95 on the bid side by $2.20 on the offer. We will take our $0.05 gain or 2.6% and move on to the next trade. ~more~

#212: Mon 12/14/2009
Repair Damage Pays Off In Spades

We had exercised calls and bought XTO stock and sold puts. Today the stock is being bought by Exxon (XOM) for a nice premium. Read the instructions carefully as we will sell the stock and not buy back the puts. The gain is 15%. ~more~

#211: Tue 12/8/2009
Closing Out Last Half Put Spread In GLD For Overall gain of 9.4%

As gold falls toward $1100 the December $108 Puts are worth $2.48 and the loss on the loss on the puts we are long is $1.22. Therefore we combine the early puts covered with the puts we are selling the spread is worth $1.75. The profit on the spread $0.15 or 9.4%. ~more~

#210: Tue 12/8/2009
Closing Put Position In Transocean (RIG) For Gain of 3.5%

We bought the December $85 Puts (RIGXZ) in Transocean LTD (RIG) for $4.30 on November 27th. We expected a move back down to $83 within a day or two (last Monday or Tuesday). It took a week longer and now we have lost some of the premium. Our gain is 3.5%. ~more~

#209: Fri 12/4/2009
Taking Partial Gains on GLD December Put Spread

Cover out the $108 Put on GLD but remain with the $111 Put. ~more~

#208: Mon 11/30/2009
Buying More Puts In The Energy Space

We will buy puts in this producer of natural gas as it appears to be moving lower. Thereofore, buy the ... ~more~

#207: Fri 11/27/2009
Buying Puts In This Oilfield Equipment Name

When the dollar rallies, energy names get hit. End of story. Therefore, we will buy puts in... ~more~

#206: Fri 11/27/2009
Locking in Gain on Praxair Puts

On Tuesday we bought the December $85 puts (PXXQ) for a move down towards $80. The cost of the put was $3.40 and now it is $4.50. Therefore, we will lock in a gain of $1.10 or 32%. ~more~

#205: Wed 11/25/2009
Buying Calls in This Chemical Name

This large cap chemical name that derives a majority of its sales internationally will get the benefit of a falling dollar. Buy calls in ... ~more~

#204: Tue 11/24/2009
Clean Energy Put Play

We were looking to buy puts on PWB but they were not liquid enough so we went to the constituents and found a name ready to crack... ~more~

#203: Mon 11/16/2009
Sell Calls In U.S Steel (X) to lock in a gain of 9%

We established a call spread in U.S. Steel (X) on October 26th. The stock had sold off from $50 to near $40 which was support. Then it fell further. We bought the November $40 Calls (FBJSBJ) at $2.40 and sold the November $44 (FBJKV) for $0.80. The cost of the spread was $1.60. The value of the spread is now $1.75. Sell the second half of the spread that is still on. ~more~

#202: Wed 11/11/2009
Put Spread In This Gold Play

What goes up must come down. Gold is overdone to the upside and we will establish a put spread in ... ~more~

#201: Mon 11/9/2009
Buying Calls In This Exploration Company

Recently this exploration name has pulled back and is now starting to move back towards its October highs therefore we will buy calls in ... ~more~

#200: Mon 11/9/2009
Locking In Gain on OIH Call Spread

Last Tuesday we established a call spread in the OIH. We will take our profits and lock in a 20% gain by... ~more~

#199: Tue 11/3/2009
Buying Call Spread In This Energy ETF

We will buy November calls in ... ~more~

#198: Wed 10/28/2009
Doing Repair Damage on U.S. Steel Trade

We established a call spread in U.S. Steel and the stock has fallen further than we thought therefore we will... ~more~

#197: Wed 10/28/2009
Taking A Gain on GLD Put Spread

On October 15th, we noted that ,"Gold looks like it is ready to pullback towards the $1000 level. A test is in order. Therefore, we will establish a bearish put spread in the Streettracks Gold Shares (GLD). " The spread will be closed for $1.65 with $0.30 gain or 22%. ~more~

#196: Mon 10/26/2009
Call Spread In This Steel Name

We will buy a call spread in ... ~more~

#195: Tue 10/20/2009
Time To Buy Calls In This Refiner

This stock looks to be breaking out of a year long base... ~more~

#194: Thu 10/15/2009
Gold Looks Like It Is Ready To PullBack

We will establish a bearish put spread in the gold space. Buy the November... ~more~

#193: Wed 10/14/2009
New call spread in the solar space

The rumors on the solar stocks are jsut that rumors. As a result, we will buy a call spread in ... ~more~

#192: Thu 10/8/2009
Locking In Gains On Diamond Offshore Calendar Spread (DO)

The stock has rocketed to above $100. The safe thing to do is close this trade with a nice gain and not let the $100 calls appreciate more in value even though we have only seven days to expiration. The gain is $1.00 or 21%. ~more~

#191: Tue 10/6/2009
Locking In Gains On Call Spread in Exxon (XOM)

The November $65 (XOMKM) calls are now at $4.50 and the November $70 Calls (XOMKN) are trading $1.50. The spread is therefore worth $3.00 with a gain of $0.35 or 13%%. ~more~

#190: Tue 10/6/2009
Locking in Gains On GLD Calls

Sell the November $98 Calls (GLDKT). The current price is $5.20. The gain is $2.10 or 68%. ~more~

#189: Mon 10/5/2009
Play This Call Spread In The Energy Space

We like how stocks are acting and will buy a call spread in this integrated oil company.. ~more~

#188: Fri 10/2/2009
Gold Looks To Be Heading Higher

$1000 has become the floor again and we will buy... ~more~

#187: Wed 9/30/2009
Calendar Call Spread In The Drilling Space

We are establishing a calendar call spread in ... ~more~

#186: Tue 9/29/2009
Lots of call action in this mining name

The call action intrigued as and we will be a buyer of calls today in... ~more~

#185: Mon 9/28/2009
Locking in Gain on TLT October 96 Calls

We will close our October 96 Calls for a gain of 42.50% as they were purcahsed for $2.00 and are now at $2.85. ~more~

#184: Thu 9/17/2009
The Long End Of The Yield Curve Should Continue to Drop

Therefore, we will buy the ... ~more~

#183: Tue 9/8/2009
Locking In Gain on GLD Calendar Call Spread

We are locking in our calendar call spread in Streettracks Gold Shares (ETF). The spread will now be worth $2.70. The original value of the spread was $1.90. the gain is $0.80 or 42%. ~more~

#182: Wed 9/2/2009
Locking in gains on Petrohawk (HK) Put Spread

The $22.50 September Puts (HKUX) are now worth $1.90 and the $20 September Puts (HKUD) are at $0.55. The spread is now worth $1.45 and the gain is $0.30 or 26%. ~more~

#181: Wed 9/2/2009
This Canadian Energy Name is Struggling

Time to establish a put spread in this Canadian energy name... ~more~

#180: Thu 8/27/2009
A First For Us

We are establishing a calendar call spread in this materials ETF ~more~

#179: Wed 8/26/2009
Establish A Put Spread In This Exploration and Development Company

With natural gas struggling this trade make a ton of sense so we will buy the September... ~more~

#178: Mon 8/24/2009
Locking In A Gain On Chevron Calls

Last week calls were purchased on Chevron (CVX). The gain is $0.80 or 57%. Sell these calls as Chevron is moving to being overbought. ~more~

#177: Thu 8/20/2009
Buying Calls in This Integrated Oil Company

After selling off hard, this name looks ready to motor to the upside so we will buy calls in... ~more~

#176: Tue 8/11/2009
Locking in gains on Exxon Puts

We bought the Exxon (XOM) August $70 puts (XOMTN) for $1.66. They are now worth $2.05. Sell the August $70 puts. The gain is $0.39 or 23%. ~more~

#175: Mon 8/10/2009
Take gains on U.S Steel (X) stock and August Calls Sold

The stock is now at $43.57. The gain in the stock is $2.97. Sell the stock. Also, cover the August $40 calls for $4.30. The loss on this is $2.35. Our overall gain is $0.62 or 1.52%. ~more~

#174: Wed 8/5/2009
Taking Gains in GLD Call Spread

Back on June 29th we noted that gold could break out above $950. Well it has done that and some. Since we believed in a move to the upside for gold we established a call spread. Lock in a 31% gain. ~more~

#173: Fri 7/31/2009
Playing this integrated oil company to the downside.

There is more downside ahead for these guys as the economy struggles. Buy the August puts in... ~more~

#172: Mon 7/27/2009
Repair Damage Works Again For Holly Corp

Back on May 19th, we bought the June $25 Calls (HOCFE) in Holly Corp for $1.50. The stock fell to $19.05 and we labeled the price CRAZY cheap. The June $25 call were to expire worthless so we bought the stock and have a cost basis of $20.55.($19.05 + $1.50 =$20.55). The stock is now at $21.64 so we will sell the stock and complete the repair. The gain on this trade was $1.09 or 5.30%. ~more~

#171: Fri 7/24/2009
Closing Stock Position in Southern Company (SO) For A Gain

Back on May 15th we repaired our May Call Position in Southern Compnay by buying the stock. Our cost with the May option was $30.10. See our Update #47 for review. Today the stock is at $32.52. Our gain is now $2.42 or 8.04%. Sell SO stock to complete the trade. ~more~

#170: Wed 7/22/2009
Locking In Gain On BJ Services (BJS)

Sell the August $12.50 Calls (BJSHV) for a gain of $0.65 or 42%. ~more~

#169: Fri 7/17/2009
Exercising Calls in U.S. Steel (X)

We will exercise our July $37 calls in U.S. Steel (X) and buy the stock. Also, initiate a buy write. Our cost on U.S. Steel becomes $40.60. Sell the August $40 calls ... ~more~

#168: Tue 7/14/2009
Taking Our Gains on OIH Calls

With a greater than expected jump in PPI, time to sell our calls in OIH for a gain of $1.55 or 24% ~more~

#167: Fri 7/10/2009
Establishing a bear call spread in this solar stock

This solar stock cannot get out of its own shadow therefore we will establish a bear call spread. This is an extremely aggressive trade as we will use a July expiration. ~more~

#166: Thu 7/9/2009
Announcing The Micro Capital Stock Portfolio

All we do is options. Mostly. The opportunity is too great not to do a micro capital stock portfolio in the energy space after the beat down suffered in the past year. This will be a simple portfolio. Five stocks. Any loss of 15% will be closed the next day. Raise stops as gain occur. Earnings estimates have to be rising year over year AND the Bluehawk target price needs to be above the current price. ~more~

#165: Thu 7/9/2009
Time to Buy Calls in the OIH

The Oil Service HOLDR (OIH) is now above its 50% retracement level from the March low to the June high and .. ~more~

#164: Thu 7/2/2009
Buying August Calls In This Oilfield Equipment Name

This morning one of the names in the oilfield equipment space received an upgrade in its rating at JP Morgan and as a result we will buy the ... ~more~

#163: Mon 6/29/2009
A breakout for gold above $950 could be in the cards

We will buy a call spread in this gold ... ~more~

#162: Fri 6/26/2009
Sell the shares in TLT for a gain of 2.30%.

The TLT is now at $94.66. We will sell the TLT and take our gain of $2.13 or 2.30%. ~more~

#161: Thu 6/25/2009
Locking in Gains on XLE Calls

The calls are now trading at $3.45 and we will lock in our gains at $0.35 or 11%. ~more~

#160: Mon 6/22/2009
Energy selloff is overdone

Buy calls in this ETF as the selloff will see a rebound sooner than later... ~more~

#159: Mon 6/22/2009
Locking in Gains on Diamond Offshore (DO) Put Spread

Last week a put spread was established on Diamond Offshore (DO) for $2.30 and the spread is now worth $3.40 for a gain of $1.10 or 48%. ~more~

#158: Fri 6/19/2009
Time to play the steel stocks again

The steel stocks have been in defined trends recently. The recent pullback looks played out and we will buy calls in ... ~more~

#157: Mon 6/15/2009
Time to establish a put spread in the drilling name

As stocks start to crumble, energy names will get hit and we will buy a put spread in ... ~more~

#156: Fri 5/29/2009
Treasury Bonds due for some improvement here

We will buy a call spread in ... ~more~

#155: Fri 5/29/2009
Buy Calls in this coal related stock

The coal stocks are getting jiggy here and we will play the calls in ... ~more~

#154: Wed 5/27/2009
Taking gains on Nucor (NUE) June 40 Calls

We paid for $2.65 for the calls and they are now worth $4.30 for a gain of $1.65 or 62%. ~more~

#153: Tue 5/26/2009
Selling Calls In Suncor Energy (SU) For A Gain

Locking a gain of 47% on the June 30 calls in Suncor (SU). ~more~

#152: Tue 5/19/2009
Time to play the refiners on the long side

The entire energy and materials space is coming to life so we will be more active here as we move forward and may be using calls more than call spreads more on this tonight but for now buy the ... ~more~

#151: Tue 5/19/2009
Locking in Gains on Calls in Intrepid Potash (IPI) for a gain

The fertilizer stocks were perking up last week and we bought calls in Intrepid Potash (IPI) specifically the June (IPIFO) $27 Calls for $3.30. Sell the June $27 Calls (IPIFO) here for $5.60 a gain of $2.30 or 69%. ~more~

#150: Mon 5/18/2009
Steel stocks starting to improve

If the economy begins to rebound, then steel go really move here and we will buy calls in ... ~more~

#149: Thu 5/14/2009
Buying Calls In This Fertilizer Name

The fertilizer stocks are perking up here and we will buy calls in... ~more~

#148: Tue 5/12/2009
Buying Calls on This Integrated Energy Company

We will buy June calls in ... ~more~

#147: Thu 5/7/2009
Close the Exxon Call Spread For a Gain

Currently, Exxon call spread is at $68.72 and the spread is now worth $3.15 for a gain of $0.65 or 26%. ~more~

#146: Tue 4/28/2009
This Integrated Oil Company is getting ready to move to the upside

Buy a May call spread in ... ~more~

#145: Tue 4/21/2009
Establish a put spread in this name

Energy looks ripe to short on today's bounce especially in the natural gas arena... ~more~

#144: Wed 4/8/2009
An unusal trade for us

The market looks a little heavy heading into the weekend therefore we will establish a put spread on ... ~more~

#143: Wed 4/8/2009
Lifting a leg on two of our April spread trades

Two of our spread trades are out of the money and the leg we sold is now sharply in value so we will take these gains now and hope that the call left open sees its ETF moves higher while the open put sees its ETF move lower. There are seven days until expiration. ~more~

#142: Mon 4/6/2009
Buying some puts in the silver space

Silver is struggling and more downside looks to be ahead so ... ~more~

#141: Wed 4/1/2009
Placing a negative bet in the drilling space

Drilling stocks are lagging and such we will establish a put spread on the... ~more~

#140: Tue 3/31/2009
Gold & Energy Options Trader Roman Coin FREE $100 value FREE: No Catches!

This is not an advertisement... Our service is amazing but we need your help to get the get the word out. We'll make it worth your while with this unique special offer. It's 100% FREE! ~more~

#139: Mon 3/30/2009
Buying some calls in the natural gas space

We will buy the April $15 calls in the ... ~more~

#138: Tue 3/24/2009
Playing the pullback in precious metals the past few days with a call spread

Today's pullback has created an oportunity to establish a call spread in the ... ~more~

#137: Thu 3/19/2009
Closing out our calls in GLD for a gain

We bought the Streettracks GoldShare (GLD) March $91 Calls (GLDCM) for $2.90 and will sell them for $3.20 for a gain of $0.30 or 10%. ~more~

#136: Tue 3/17/2009
Close the Diamond Offshore Drilling (DO) Call Spread

We will close our call spread in Diamond Offshore Drilling (DO)for a gain of 53%. ~more~

#135: Wed 3/11/2009
Closing Stock Position in Freeport McMoran (FCX)for a gain

A bullish bet was made on Freeport McMoran (FCX) as the December 25 Call (FCXLE) was bought for $4.60 and sold the December 30 Call (FCXLF) for $2.10 for a total cost of $2.50. On 12/16 we covered the December 30 Call for $0.05. This gave a profit of $2.05 on the December 30 Call. We then exercised the call and we bought the shares for $25 with a cost basis of $27.55 ($25 +2.55).January $22.50 calls were sold for (FCXAX) for $4.70. The call closed at $1.90 on expiration day. The profit was $2.80. This brought the position to a cost of $24.75 ($27.55-2.80). We are now selling the stock for a gain of 43%. ~more~

#134: Wed 3/11/2009
Locking in Gains on Joy Global (JOYG)

On February 24th we bought a call spread in the infrastructure company Joy Global (JOYG) and have now been rewarded. Close the call spread with a gain of 65%. ~more~

#133: Thu 3/5/2009
Gold held $900 and as such we will make a bullish bet on ...

With the recent weakness in gold, we have been waiting for a chance to establish a bullish bet and now we will buy ... ~more~

#132: Wed 3/4/2009
Unwinding part of our call spread in XOM

On February 9th, we put on a call spread in Exxon (XOM). Obvioulsy, the trade has not worked but there are 13 days to expiration and alot can happen in that time. Therefore, we are going to cover the ... ~more~

#131: Tue 3/3/2009
Buying a call spread on this drilling name

Buy an April call spread in ... ~more~

#130: Tue 2/24/2009
Buying a call spread in this infrastructure play

We will establish a call spread in ... ~more~

#129: Wed 2/18/2009
Buying a call in this utility play

With you utility stocks down, we are going to buy this southern utility company for ... ~more~

#128: Wed 2/11/2009
Time to lock in another winner.

The call spread in GLD we established on February 2nd is being closed for a gain of 70% ~more~

#127: Mon 2/9/2009
This Integrated Oil & Gas Stock Looks Ready to Move

Time to establish a long in this energy play... ~more~

#126: Thu 2/5/2009
Locking in gain on XLE Call Spread for a gain of 21%

We paid $1.40 for the spread and close it with a value of $1.69 for a gain of $0.29 or 21%. ~more~

#125: Mon 2/2/2009
The pullback in gold today creates an opportunity

Today's pullback has created an oportunity to establish a ... ~more~

#124: Mon 1/26/2009
Taking Profits On Our Call Spread in OIH for a gain of 32%

With the OIH above $80, it is time to lock in our gains on the OIH call spread. The instructions are... ~more~

#123: Fri 1/23/2009
Establishing a Call Spread In Another Energy ETF

Energy stocks are moving higher today and we will establish a call spread in... ~more~

#122: Fri 1/23/2009
Taking Profits in Norfolk Southern (NSC) Put Spread Trade For a Gain of 14%

Yesterday we established this put spread and today the stock is collapsing down $1.44. Time to take the money and run. ~more~

#121: Thu 1/22/2009
Time to play a transportation name on the bearish side

We are establishing a put spread in ... ~more~

#120: Mon 1/12/2009
Time to switch our near term bias to positive on a particular energy ETF

Time to establish a February Call Spread in ... ~more~

#119: Mon 1/12/2009
Locking in gains on XLE put spread

Friday we put on a put spread in the Energy Select SPDR Trust (XLE) for a cost of $2.00. We are closing this trade for a gain of 26%. ~more~

#118: Fri 1/9/2009
Buying another put spread in the energy patch

This ETF in the energy patch is a no brainer as it is at the upper end of its range... ~more~

#117: Thu 1/8/2009
Taking profits in OIH put spread established Wednesday

The Spread is now worth $2.51 for a gain of $0.40 or 20%. Lock in your gains by selling OIHMY and buying back OIHMZ. ~more~

#116: Wed 1/7/2009
The move in equipment and drilling stocks is extended

Time to establish a bearish put spread in ... ~more~

#115: Mon 12/22/2008
Uusual Options Volume In The Energy & Commodity Universe

Valero (VLO) saw options activity jump 34% over its 20 day average. Both puts and calls were active. Other unusual options action included MON HMY GFI. ~more~

#114: Thu 12/18/2008
Closing the OIH December $75 Put To Complete Our Bearish Put Spread For a Loss of 18.92%

Earlier this week, we covered the December $70 Put (OIDXN) in OIH for $0.68. We sold this put at $3.55. Now we are closing the December $75 Put (OIDXW). We are long at $5.90 and will close here at $2.60. For a loss of $3.30. The difference on the spread is a loss of $0.43 on a spread cost of $2.35. The percentage loss is -18.92%. ~more~

#113: Wed 12/17/2008
Sell Halliburton (HAL) stock for a 17.61% gain

On October 29th, we bought calls in Halliburton. The calls were going to expire worthless so we bought the stock at $15.33 on November 21st and sold the $17.50 Puts for $4.00. They were closed yesterday for a profit of $3.42. The November Calls cost us $3.40 so we made a profit of .02 cents on the options and a profit of $2.68 on the stock. The total gain was $2.70 on a purchase price of $15.33 or 17.61%. ~more~

#112: Wed 12/17/2008
Taking Action on Our Remaining Call Position in Freeport McMoran (FCX)

Yesterday we coverd the Freeport McMoran (FCX) December 30 Call (FCXLE) for $.05 and they were put on at $2.10. This gives us a profit of $2.05 on the call sold. We remained with an open buy positon in the December 25 Call. it was purchased at ... ~more~

#111: Tue 12/9/2008
Closing out our call spread in Petrohawk Energy (HK) For a Nice Gain

We established a December call spread in HK as we bought the $12.50 Calls for $3.50 and sold the $17.50 Calls for $1.10 . The spread cost $2.40. The spread is now worth $2.80 for a gain of $0.40 or 17%. ~more~

#110: Mon 12/8/2008
Move in the oil service sector is overdone to the upside.

Therefore it makes sense to establish a put spread in the ... ~more~

#109: Fri 12/5/2008
Cover the puts sold in the TLT

On November 24th, we sold the December 102 puts for $3.75. We will cover this trade as those puts are now worth $0.45. The gain is $3.30 or 88%. ~more~

#108: Fri 12/5/2008
Time to take the money and run on Exxon Put Spread established Wednesday

Close the December 80 puts for $6.40 and cover the Dec 75 puts $3.65. The spread differential is $2.75. The spread was established at $2.07. Therefore, the gain is $0.68 or 33%. ~more~

#107: Fri 12/5/2008
Put spread in this oil and gas exploration name

With the weakness in the economy, energy prices will continue to drop. As such we will establish a put spread in this oil and gas exploration company. The stock just broke $60 and $55 looks to be in the near future ... ~more~

#106: Wed 12/3/2008
New put spread in this oil refiner

We will establish a December put spread in this refiner ... ~more~

#105: Mon 12/1/2008
Looks like more trouble ahead for this oilfield equipment company

Today Merrill Lynch lowered their price target on this equipment company to levels that if they are hit would allow us to make a nice profit in buying some puts here at the $10 strike... ~more~

#104: Mon 11/24/2008
The move in treasuries is overdone

We will play this ETF in the treasury space on the bearish side... ~more~

#103: Thu 11/20/2008
Going long this play in natural gas

As noted in an earlier recomendation, natural gas tend to move higher into December. Therefore, we will establish a bullish spread in ~more~

#102: Fri 11/7/2008
Buy a call spread in the materials company

Last week we were looking at this company and it ran from the high 20s into the 30s now it has pulled back and we have our opportunity. Buy a call spread in ... ~more~

#101: Fri 11/7/2008
As the snow comes down in Wisconsin, sure enough natural gas will rise..

The cold weather is upon us and seasonally natural gas begins to rise. Therefore, we will play a call spread in ... ~more~

#100: Fri 11/7/2008
Locking half our trade in the USO call spread

With the drop in the USO we will cover our short side of the call spread. Cover the November 60 Call (USOKL) sold at $2.90 for $0.80 which is a gain of 72%. Expect to see another leg put on Monday. ~more~

#099: Wed 10/29/2008
Buy Calls in this exploration and development company

Energy names are starting to rip again and it is time to step up to the plate buy ... ~more~

#098: Wed 10/29/2008
New Call Spread in The Energy Space

It is time to enter a call spread trade in this energy ETF. ~more~

#097: Fri 10/24/2008
Panic selling giving us a re-test of the recent lows: Opportunity to Profit

Stay Alert Look For Some NEW Trade Recommendations!!! ~more~

#096: Thu 10/9/2008
Buying Calls Again In The Gold Space

With the pullback in gold, we are putting back on our insurance hedge on the market. The past two trades in this vehicle have been huge winners. ~more~

#095: Wed 10/8/2008
Locking in gain on March 84 2009 GLD Calls (GLDCF)

With the weakness in the market the price of gold has risen and our March 84 Calls will be sold here for a gain of $6.30 or 105%. They were bought for $6. We intend to buy more calls in GLD on any pull back towards the $87.50 level. ~more~

#094: Wed 10/8/2008
Selling Puts in Exxon (XOM) for no gain or loss

Exxon has been refusing to break the $75 level and now that is has premiums are jumping. With eight days until expiration we are selling our Exxon October 75 puts (XOMVO) for a wash trade as we bought the puts at $3.00 and that is where they trade. The gain is $0 or 0%. ~more~

#093: Thu 10/2/2008
Taking gains on our Market Crash Trade and Rolling into November Puts Shortly

On 9/24 we put on a trade for crash insurance. The trade has made a nice profit. We will lock in those gains of 81% here and look to roll into new puts on any bounce above Monday's low or put on again on a break of $111.13 on SPY. ~more~

#092: Wed 10/1/2008
Locking in gains on one of our GLD Call Positions

With gold moving higher, it is time to take profits on the March 80 Calls (GLDCB)which were bought for $7.50. Currently, they are at $13.20. The gain is $5.70 or 76%. ~more~

#091: Wed 9/24/2008
Put Insurance On The Market

You buy insurance for your house, car and life. Do you buy insurance for your net worth, nest egg or portfolio? If not, then we have to ask the question, “Why not?” You see it is “crunch time” for the United States and its capital markets much less the markets of the rest of the world. There are two minutes left in the game. The home team (the U.S. market) is down by 4 and if a touchdown is not scored the season is over. Is it that bad? No, it is even worse. ~more~

#090: Fri 9/19/2008
Update on Existing Positions

Below is an update on existing positons and changes for expiration. ~more~

#089: Mon 9/15/2008
Establishing a put in this integrated oil company

With today's action we will establish a put on... ~more~

#088: Fri 9/12/2008
Locking in Gain on OIH Calls Initiated on Wednesday

Sell the September 155 OIH Calls for $9.10 after buying at $5.50 for a gain of $3.60 a contract or 65%. New positions later today. ~more~

#087: Wed 9/10/2008
Going long calls in this energy ETF

We believe that energy markets can finally begin to rally here as ... ~more~

#086: Tue 8/26/2008
Buying calls in the natural gas space through...

The AMEX Natural Gas Index (XNG) has sold off from $775 to a recent low of $550. That is a drop of over $225. The reason natural gas begins to climb late summer is that ~more~

#085: Mon 8/25/2008
How to deal with the clear and present dangers in the market through buying calls

We are going to buy some long term in the money calls to hedge the risk in the market. Therefore, buy ~more~

#084: Fri 8/15/2008 2:56 PM EDT
Repair Damage On Tesoro (TSO) and Nabors (NBR)

We had purchased August 22 Calls in Tesoro (TSO) and a modified August synthetic long spread in Nabors Industries (NBR). Both stocks are lower and we still believe in these stocks so we will attempt to cover our losses with two repair techniques. ~more~

#083: Fri 8/15/2008
Allow First Solar (FSLR) August 260 Puts to Expire Worthless for a gain on the spread

As noted in our previous alert on July 31, we closed half of the First Solar spread, the call side, with the intention of not having to cover the put position that was put on as a short. The stock is currently above $260 at $264.31 so do not cover the put as it will expire worthless which will give us a closing price on the spread at $7 with an entry price of $5.50. The gain is 27%. ~more~

#082: Wed 8/6/2008
Buying calls in this natural gas stock

With the pullback in natural gas prices, the natural gas stocks have been hit too hard. Therefore, we will go long calls in ... ~more~

#081: Thu 7/31/2008
Close half the spread in FSLR

Last week we put on a spread in First Solar. We will close half the spread ... ~more~

#080: Wed 7/30/2008
Going long calls on a stock in the fertilizer space

We like a name on the long side in the fertilizer space, not the overhyped names, and will buy calls in ... ~more~

#079: Tue 7/29/2008
Closing out bearish put spread in USO for a nice gain

Last week we made a bearish bet on the USO through establishing a bearsih put spread in this ETF. We will lock in gains of 32% this morning. ~more~

#078: Thu 7/24/2008
On failure of IPO GT Solar (SOLR) in the solar space we will go short another name in that space

GT Solar (SOLR) came public at $16.50 and is trading at $14.53 so any rebound fo the solar space had been put on hold and as a result we will buy puts in ... ~more~

#077: Tue 7/22/2008
Buying a call and selling a put in front of earnings

We like the chances for this driller and will buy calls that are near the money and sell out of the money puts ~more~

#076: Tue 7/22/2008
Establishing a bearish put spread on the price of energy

We will establish a bearish put spread on the ... ~more~

#075: Thu 7/17/2008
Do not cover your Cabot Oil & Gas Calls they will expire worthless for a 100% gain

Cabot Oil & Gas closed at $51.20 and there is very little likelihood the stock will move about $60 tomorrow. Therefore, the calls you sold at $1.00 will expire worthless which means a profit of 100% will be locked in. ~more~

#074: Tue 7/15/2008
Making a bearish bet on this play in the exploration space

Selling calls in this exploration name as expiration is a few days away ~more~

#073: Fri 7/11/2008
Book 64% Gain in APC July 65 Call

APC has gapped up today and we will book a 64% gain. ~more~

#072: Wed 7/9/2008
Closing MOS Bullish Call Spread for quick gain

The price of MOS has popped this morning - close bullish call spread for quick gain. ~more~

#071: Tue 7/8/2008
A play in the agricultural space on the long side

We will establish a bullish call spread in this ag play ~more~

#070: Tue 7/8/2008
Picking through the energy selloff

We play an oil and gas exploration and production company on the call side using only calls instead of our typical call spread ~more~

#069: Thu 7/3/2008
Closing Out Put Spread in First Solar (FSLR) after one day for a nice gain

The solar stocks are falling fast and furious. We will close out our bearish put spread in First Solar (FSLR) at $6.20 with a gain of $1.20 on $5.00. The gain is 24%. The stock has broken $250 by a considerable amount. ~more~

#068: Wed 7/2/2008
Establishing a bearish spread in the solar space

We have traded this space in the past and took gains of 31% and 36%. This looks like a high probability trade ~more~

#067: Mon 6/30/2008
Establishing a bullish call spread in the drilling space

With talk of $170 oil, the drillers should continue to gain momentum to the upside and we will buy a bullish call spread in ... ~more~

#066: Tue 6/24/2008
Potential Takeover stock buying calls

Calls are flying for the second day in this energy name. We will buy calls and not do a spread trade for maximium gain. ~more~

#065: Fri 6/20/2008
Closing out Put Spread in XLU

As options expiration approaches, we will close out our spread trade in the XLU ~more~

#064: Mon 6/16/2008
Establishing a Bearish Put Spread in the Metals

We will make a bearish put spread on this ETF as ... ~more~

#063: Wed 6/4/2008
Selling Shares in Southwest Airlines (LUV) for a gain of 8.97%.

In late December, we exercised our December $12.50 calls in Southwest at $12.50 giving us a cost of $14.50. Next we bought an additional 100 shares at $12.76 dropping our cost to $13.63. We then sold the March $12.50 for a credit of $1.15 and those expired worthless driving our cost in Southwest to $12.48. With the stock at $13.60, we will lock in a gain of $1.12 or 8.97%. ~more~

#062: Wed 6/4/2008
Taking Profits In Bearish Put Spread on Alcoa (AA)

We will take a gain in our bearish put spread on Alcoa (AA) of 16%. The stock does not want to break much below $40 and expiration decay will soon start to kick into gear. ~more~

#061: Thu 5/29/2008
Bullish Call Spread: A hedge on the drop in the price of crude

It is hard to believe but we have found an oil/gas refining marketing play to make money with as the price of crude drops ~more~

#060: Tue 5/27/2008
Making a Bearish Bet On Utilities

We will establish a bearish put spread in the utility sector by ... ~more~

#059: Mon 5/12/2008
Making a bearish bet on a materials company

We will establish a bearish put spread on ... ~more~

#058: Thu 4/24/2008
Taking another gain in Sunpower (SPWR) bearish put spread

We will close out our bearish put spread in Sunpower (SPWR) at $2.75 with a gain of $0.65 on $2.10. The gain is 31%. ~more~

#057: Thu 4/24/2008
Taking Profits in OIH Bearish Spread Trade

We will take profits on the Oil Service HOLDRS (OIH) bearish put spread as the pullback to $200 occurred exactly as we thought it would. This trade has made 18%. ~more~

#056: Tue 4/22/2008
Closing Calls in Petrohawk (HK) For a Gain of 42%

We will close the calls in Petrohawk (HK) at $3.90 with a gain of $1.15 on $2.75. The gain is 42%. The stock was originally bought as a takeover play and that has not played out so time to lock in the gain. ~more~

#055: Tue 4/22/2008
Making a bearish bet on the oil equipment and service stocks (OIH)

These stocks have been what we refer to as "Buzz Lightyear Stocks" to infinity and beyond. Now it is time for a rest and we will establish a bearish put spread in ... ~more~

#054: Mon 4/21/2008
Making a bearish bet on a solar play

It looks like the solar stocks have started to role over after a nice run to the upside and will make a bearish bet while the Lehman Solar Supply Demand Trends Report is underway this morning ~more~

#053: Fri 4/18/2008
Closing Bullish Calendar Call Spread in Rowan Drilling (RDC) For a Gain

We will close out our bullish calendar call spread in Rowan Drilling (RDC) at $3.50 with a gain of $1.20 on $2.30. The gain is 52%. ~more~

#052: Mon 4/14/2008
Bearish Put Spread

One of the Energy ETFs has gotten a bit frothy and we will look make some money on the impending pullback. ~more~

#051: Mon 4/7/2008
Buying Calls in A Takeout Play

The ORATS Action Alert has identified unusual call activity in .... ~more~

#050: Thu 4/3/2008
Closing Bullish Call Spread in Ensco (ESV) For a Gain

We will close out our bullish call spread in Ensco(ESV) at $3.25 with a gain of $.65 on $2.60. The gain is 25% ~more~

#049: Wed 4/2/2008
Opening Bullish Calendar Call Spread in Drilling Stock

We will deploy a new strategy within the concept of bullish and bearish spreads. This strategy is a calendar spread. We like the stock that we are doing this trade with but need more time so we will an April option and buy a May option. ~more~

#048: Wed 4/2/2008
Closing Bullish Call Spread in Valero (VLO) For a Gain

We will close out our bullish call spread in Valero(VLO) at $1.90 with a gain of $.60 on $1.30. The gain is 46%. ~more~

#047: Tue 3/18/2008
Opening Bullish Call Spread in Refining Name

We will go long a bullish call spread on this refining company ... ~more~

#046: Tue 3/11/2008
Opening Bullish Call Spread in Drilling Names

We will go long a bullish call spread on this offshore drilling company.... ~more~

#045: Wed 2/27/2008
Opening Bullish Call Spread in an Oil & Gas Equipment Stock

We will go long a bullish call spread this deepwater equipment company in front of earnings.... ~more~

#044: Wed 2/27/2008
Closing Bullish Call Spread Trade in GLBL For a Gain

We have achieved our percentage gain goal on GLBL and will lock in a gain of 35%. ~more~

#043: Tue 2/26/2008
Closing Bullish Call Spread Trade in BHI For a Gain

We have achieved our target price of $70 on BHI and will lock in a gain of 31%. ~more~

#042: Tue 2/19/2008
Opening Another Bullish Call Spread in an Oil & Gas Exploration Stock

We will go long a bullish call spread in one of the lesser known Oil & Gas Equipment Service stocks which has been beaten up over the past few months... ~more~

#041: Thu 2/14/2008
Opening Bullish Call Spread in an Oil & Gas Exploration Stock

We will go long a bullish call spread in one of the better known Oil & Gas Equipment Service stocks which has been beaten up over the past few months. ~more~

#040: Thu 2/14/2008
Closing Bullish Call Spread Trade on BJS For a Gain

With expiration tomorrow and the stock near $25 it is time to take profits on our bullish call spread trade in BJS February $22.50 and $25 calls. ~more~

#039: Wed 2/6/2008
Closing SPWR Bearish Put Position With A Gain

With the free fall predicted in Sunpower (SWPR) we will close our February bearish put spread. ~more~

#038: Mon 2/4/2008
Closing SWC Long Position With a Gain

We orginally bought SWC calls then converted to stock and sold a call to repair a losing trade. Now the stock has moved to $13.47 and we will take profits of $3.49 or 35%. ~more~

#037: Thu 1/31/2008
Bearish Put Spread

The bulls are caught in a high flying energy group and this bearish put spread is a n brainer we will..... ~more~

#036: Wed 1/30/2008
Bearish Put Spread Closing Position

We are locking in gains on the OIH Feb Put Spread ~more~

#035: Fri 1/25/2008
Bearish Put Spread

With the weakness in drillers we will establish a bearish put spread in..... ~more~

#034: Fri 1/25/2008
Bearish Put Spread

Steel stocks have gotten a bit ahead of themselves here and we will establish a put spread in...... ~more~

#033: Fri 1/18/2008

With gold breaking down, we will lock in gains on our ABX Bearish Put Trade ~more~

#032: Wed 1/9/2008
Bearish Bias - Bear Put Spread

Gold seems to be getting a bit frothy and we will take this opportunity to establish a bearish put spread on .... ~more~

#031: Thu 1/3/2008
Bullish Call Spread

We will establish a bullish call spread in an oilfield services company that is oversold. ~more~

#030: Mon 12/24/2007
Things continue to heat up with First Solar, but it is time to take profits.

We will close out our call spread in First Solar (FLSR) with a gain of $ 1.60 on a $4.40 cost. This reflects a gain of 36%. ~more~

#029: Fri 12/21/2007
Booking Profits To Pay For Those Holiday Gifts

We will close out our call spread on Agnico-Eagle Mines (AEM)for a gain of $.80 on a $2.60 cost. The gain is 31%. ~more~

#028: Fri 12/21/2007
Exercising Calls in Southwest Airlines (LUV)

We will exercise our calls in Southwest Airlines (LUV) and purchase .... ~more~

#027: Thu 12/20/2007
Let's Take A Profit

We will close out our call recommendation in the January 85 Calls in Conoco Phillips (COP) for a 29% gain. ~more~

#026: Wed 12/19/2007
New Bullish Call Spread Recommendation

Shorts are betting against wind power and in particular ...... ~more~

#025: Tue 12/18/2007
New Bullish Call Spread Recommendation

With the recent pullback in gold, we are going to take this opportunity to buy a bullish call spread in AEM for $260 per contract. ~more~

#024: Tue 12/18/2007
Locking in Gains on OIH Bearish Put Spread

Bearish Bias- December Bear Put Spread Closed For OIH ~more~

#023: Tue 12/18/2007
New Call Recommendation

Buy Calls in Conoco Phillips (COP) ~more~

#022: Tue 11/27/2007
Another Recommendation

Bearish Bias-Bear Put Spread OIL SERVICE HOLDRS TRUST (OIH) ~more~

#021: Tue 11/27/2007
New Recommendation

Bearish Bias-Bear Put Spread SPDR TRUST SERIES (SPY) ~more~

#020: Fri 11/16/2007
Instructions for SWC position

We will maintain a position in Stillwater through a buywrite. ~more~

#019: Fri 11/2/2007
Let's Take Another Profit for the Week

Bearish Bias-Bear Put Spread XOM ~more~

#018: Wed 10/31/2007
Let's Take a Profit

Bullish Bias- Bull Call Spread EXP ~more~

#017: Wed 10/24/2007
New Recommendation

Bullish Bias- Buy Calls (LUV) ~more~

#016: Fri 10/19/2007
Let's Close Our Spy Position

Bearish Bias-Bear Put Spread - Close SPY ~more~

#015: Mon 10/15/2007
Let's Take a Profit

Bearish Bias-Bear Put Spread - PGN ~more~

#014: Fri 10/12/2007
New Recommendation

Bullish Bias- Bull Call Spread, SWC ~more~

#013: Fri 10/5/2007
Another Trade

Bearish Bias-Bear Put Spread, XOM ~more~

#012: Fri 10/5/2007
New Recommendation

Bullish Bias- Bull Call Spread Eagle Materials ~more~

#011: Fri 9/28/2007
New Recommendation

Bearish Bias-Bear Put Spread PHLX Utility Index ~more~

#010: Wed 9/26/2007 4:42 PM EDT
Let's lock-in a gain, XAU

~more~

#009: Mon 9/24/2007
Another Recommendation

Bearish Bias-Bear Put Spread SPY ~more~

#008: Mon 9/24/2007
New Recommendation

Bearish Bias-Bear Put Spread ~more~

#007: Fri 9/14/2007
New Recommendation

Bearish Bias-Bear Put Spread ~more~

#006: Tue 9/11/2007
Let's Take Another Profit

~more~

#005: Tue 9/11/2007
Let's Take a Profit

~more~

#004: Thu 8/30/2007
New Recommendation

We will establish a bullish call spread in Schlumberger. ~more~

#003: Fri 8/17/2007
Our Second Trade

Our second trade is a bull call spread on Royal Gold (RGLD). ~more~

#002: Tue 8/7/2007
Let's Take a Quick Profit for Our First Trade

With the stock trading higher and the Fed announcement to be released within the hour we are closing out the trade with a profit of $1.25 or 32%. ~more~

#001: Tue 8/7/2007
First Recommendation

First Trade for Gold and Energy Options Trader ~more~