The following is an option chart for the Las Vegas Sands. Entry point was at the near-high of the day and we were able to get out alive, due to a lot of whip sawing on the 1 min charts.

GOOG 600.00 DEC 10C Weekly Option Expire on 12/23/2010; instead of Friday due to the Holiday schedule.

GOOG Swing Trade

GOOG DEC 600
GOOG DEC 580
Option Ex 12/17/2010

After Hour Market

Netflix Inc. NFLX 201.65 +10.60 5.55% 338.48 k

Standard & Poor's Announces Changes to U.S. Indices
Dec. 9, 2010 (PR Newswire) --

NEW YORK, Dec. 9, 2010 /PRNewswire/ -- S&P will make the following changes to the S&P 500, S&P MidCap 400 and SmallCap 600 Indices after the close of trading on Friday, December 17:


S&P MidCap 400 constituents F5 Networks Inc. (Nasdaq: FFIV), Netflix Inc. (Nasdaq: NFLX) and Newfield Exploration Co. (NYSE: NFX) will replace The New York Times Co. (NYSE: NYT), Office Depot Inc. (NYSE: ODP) and Eastman Kodak Co. (NYSE: EK) in the S&P 500, and, likewise, The New York Times, Office Depot and Eastman Kodak will replace F5 Networks, Netflix and Newfield Exploration in the S&P MidCap 400 index.

Buy To Open

NFLX 210.00 DEC 10C
NFLX 165.00 DEC 10P
Exp 12/7/2010
Looking for 1.80;either side

"In Play"

Netflix (NFLX) CFO resigned last night putting some fear out there so the stock gapped down quite a bit afterhours. Optionable 190/200.

Netflix Inc. NFLX 186.17 -3.64 -1.92% 384.48 k

Has comeback a lot from this morning, but we will see.

Stocks In Play

Priceline.com Inc. PCLN

418.54 +4.43 1.07% 4.91 k

Google Inc. GOOG

577.00 +4.00 0.70% 7.35 k

Average Volume Over +1 Milion

NASDAQ

AAPL AMZN GOOG NFLX PCLN RIMM

NYSE

GS IBM POT

EFT

GLD SPY

Heavy Short Interest

NFLX RIMM SPY

NASDAQ Dollar Decliners


Company Symbol Last Chg % Chg Vol
Apple Inc. AAPL 316.32 -1.83 -0.58% 221.4 k
Google Inc. GOOG 570.00 -1.82 -0.32% 9.73 k
Wynn Resorts Ltd. WYNN 101.90 -1.57 -1.52% 600
priceline.com Inc. PCLN 401.50 -1.49 -0.37% 300
Amazon.com Inc. AMZN 175.43 -1.10 -0.62% 25.19 k


NYSE Dollar Decliners


Company Symbol Last Chg % Chg Vol
BECTON DICKINSON A BDX 61.00 -19.76 -24.47% 100
CHIPOTLE MEXICAN G CMG 244.00 -6.96 -2.77% 22.2 k

Job numbers worse than expected, ho hummm. GS upgraded the market yesterday and market went bananas.

Today will see if we can take out the 122.95 level on the SPY and UUP continues to drop to make it happen.

Top Weekly Options for the remainder of the year.

AMZN

AAPL

GOOG

NFLX

When getting ready for your trading day, you will want to check the index futures as well as important economic news for the day. By knowing what direction the futures are moving, you can better gauge which direction to possibly trade.

SPY

QQQQ

If the 1 & 2 minutes charts base out and then start to head up, go long on the stock. After the stock gaps up with a spike in volume and the price hits a top, a trader would short as the 1 minute interval starts to roll over. Sometimes the stock will continue to move higher through the rest of day.

The ideal candidate will have to be the SPY and UUP for this type of market. Well, not so, we believe you need to pick your battles and plan accordingly.

This market was a wack job from the beginning of time, since Ben and the Boys have been missing with it. Can't beat'em join them.

SPY Weekly Options 119c/117p was a profitable trade, however there was a lot of paper left in that printing press.

Jobs #s??

Sligthly Lower Open - Monday Nov 29

Weekly Option - Exp Dec 3

Ticker Symbol Name Product Type List Date Expire Date
OEX S&P 100 Index (American style) Index, pm-settled, cash 20101124 20101203
XEO S&P 100 Index European-style Index, pm-settled, cash 20101124 20101203
DJX Dow Jones Industrial Average Index, am-settled, cash 20101124 20101203
SPX S&P 500 Index Index, am-settled, cash 20101124 20101203
NDX Nasdaq-100 Index Index, am-settled, cash 20101124 20101203
EEM iShares MSCI Emerging Markets Index ETF 20101124 20101203
FAS Direxionshares Daily Financial Bull 3X Shares ETF 20101124 20101203
GLD ishares SPDR Gold Trust ETF 20101124 20101203
GDX Market Vectors Gold Miner ETF ETF 20101124 20101203
IWM iShares Russell 2000 Index Fund ETF 20101124 20101203
QQQQ iShares Russell 2000 Index Fund ETF 20101124 20101203
SPY S&P 500 Depositary Receipts ETF 20101124 20101203
XLF Financial Select Sector SPDR ETF 20101124 20101203
TLT iShares Barclay's 20+ yr Treasury Bond ETF ETF 20101124 20101203
TBT Proshares Ultrashort 20+ ETF 20101124 20101203
SLV Ishare Silver Trust ETF 20101124 20101203
VXX iPath S&P 500 VIX Short-Term FT ETF 20101124 20101203
AAPL Apple Corporation ETN 20101124 20101203
AMZN Amazon.com Inc Equity 20101124 20101203
BAC Bank of America Corp Equity 20101124 20101203
FAZ Direxionshares Daily Financial Bear 3X Shares Equity 20101124 20101203
BP British Petroleum Equity 20101124 20101203
C Citigroup Equity 20101124 20101203
CSCO Cisco SystemsInc. Equity 20101124 20101203
F Ford Motor Company Equity 20101124 20101203
GE General Electric Company Equity 20101124 20101203
GOOG Google Inc Equity 20101124 20101203
GS Goldman Sachs Group, Inc. Equity 20101124 20101203
LVS Las Vegas Sands Corp. Equity 20101124 20101203
MSFT Microsoft Corporation Equity 20101124 20101203
NFLX NetFlix Inc. Equity 20101124 20101203
INTC Intel Corporation Equity 20101124 20101203
IBM International Business Machines Equity 20101124 20101203
PCLN Priceline.com Inc. (new) Equity 20101124 20101203
RIMM Research in Motion Limited Equity 20101124 20101203

Futures Open - After T-Day

LVS New to the Weekly Options Chart

Ticker Symbol
Name
Product Type
List Date
Expire Date

OEX
S&P 100 Index (American style)
Index, pm-settled, cash
20101118
20101126

XEO
S&P 100 Index European-style
Index, pm-settled, cash
20101118
20101126

DJX
Dow Jones Industrial Average
Index, am-settled, cash
20101118
20101126

SPX
S&P 500 Index
Index, am-settled, cash
20101118
20101126

NDX
Nasdaq-100 Index
Index, am-settled, cash
20101118
20101126

EEM
iShares MSCI Emerging Markets Index
ETF
20101118
20101126

FAS
Direxionshares Daily Financial Bull 3X Shares
ETF
20101118
20101126

GLD
ishares SPDR Gold Trust
ETF
20101118
20101126

GDX
Market Vectors Gold Miner ETF
ETF
20101118
20101126

IWM
iShares Russell 2000 Index Fund
ETF
20101118
20101126

QQQQ
iShares Russell 2000 Index Fund
ETF
20101118
20101126

SPY
S&P 500 Depositary Receipts
ETF
20101118
20101126

XLF
Financial Select Sector SPDR
ETF
20101118
20101126

TLT
iShares Barclay's 20+ yr Treasury Bond ETF
ETF
20101118
20101126

TBT
Proshares Ultrashort 20+
ETF
20101118
20101126

SLV
Ishare Silver Trust
ETF
20101118
20101126

VXX
iPath S&P 500 VIX Short-Term FT
ETF
20101118
20101126

AAPL
Apple Corporation
ETN
20101118
20101126

AMZN
Amazon.com Inc
Equity
20101118
20101126

BAC
Bank of America Corp
Equity
20101118
20101126

BIDU
Baidu, Inc.
Equity
20101118
20101126

BP
British Petroleum
Equity
20101118
20101126

C
Citigroup
Equity
20101118
20101126

CSCO
Cisco SystemsInc.
Equity
20101118
20101126

F
Ford Motor Company
Equity
20101118
20101126

GE
General Electric Company
Equity
20101118
20101126

GOOG
Google Inc
Equity
20101118
20101126

GS
Goldman Sachs Group, Inc.
Equity
20101118
20101126

LVS
Las Vegas Sands Corp.
Equity
20101118
20101126

MSFT
Microsoft Corporation
Equity
20101118
20101126

NFLX
NetFlix Inc.
Equity
20101118
20101126

INTC
Intel Corporation
Equity
20101118
20101126

IBM
International Business Machines
Equity
20101118
20101126

PCLN
Priceline.com Inc. (new)
Equity
20101118
20101126

RIMM
Research in Motion Limited
Equity
20101118
20101126

SPY Weekly Options Exp This Friday.

SPY Futures are pointing to a higher market open, jobs number where penciled in.

Screen shot of the SPY after the Fed Day, as you can see the market gyro all over the place and as did the dollar. Well NFP in the morning, which means nothing in this market. So...

Fading The Gap in the SPY vs US Dollar

Earnings Play Before Bell On Friday

EL Nov 60 Call / Nov 65 Put

CNX Nov 38 Call / Nov 39 Put

NWL Nov 17 Call / Nov 18 Put


____________________________________________________


Earnings Play After Bell For Thursday

MSFT Nov 26 Call / Nov 27 Put

FSLR Nov 145 Call / Nov 150 Put

VRSN Nov 33 Call / Nov 34 Put

CEPH Nov 65 Call / Nov 70 Put

VPRT Nov 37.50 Call / Nov 40 Put

Earnings Play For Thursday:

MMM - Nov 90 Call / Nov 95 Put

BMC - Nov 44 Call / Nov 45 Put

DECK - Dec 55 Call / Dec 56.67 Put

RGC - Nov 12.5 Call / Nov 15 Put

EXPE - Nov 28 Call / Nov 29 Put

SPY - Intra-day Stats

SPY in a tight box of 118.575 and 118.222; the Dollar shot up on the open.

Quite On The HomeFront

SPY in a tight range into the Nov 2 and 3 dates for the Elections. The Dollar did drop and pop to a 15 yr low, so the government want to keep the dollar in a headlock. We will look for the coming days with glee!

EMC Earnings Play

Buy To Open
Nov 23 Call - limit - 0.51
Nov 19 Put - limit - 0.24
Total cost $0.75

Yahoo Earnings Play

Buy To Open

Nov 17 Call - limit - .61
Nov 14 Put - limit - .22
Total cost $0.83

Earnings to be reported on Oct 19; this securities is not a recommendation nor a soliciation of securities.

JPM - Earnings Play For Oct 13

JPM = 39.76

Buy To Open
Nov 39 Call limit - $1.94
Nov 38 Put limit - $0.82
Total cost $2.76

Intc Update - Earnings Play For Oct 12

Buy To Open

INTC = 19.52
Nov 19 Call for .96
Nov 18 Put for .26
Total cost $1.22


Trader Cowboys would probably trade this one, but since is it the last week for the Oct options, it would be insane to attempt.

OptionEx Week

Oct 19 Call for .73
Oct 18 Put for .06
Total cost $0.79

This is for educational purposes only and is not a soliciation of securities or recommendation of stated securities.

INTC - Earnings

Buy To Open
Nov 18 Call - Limit 1.54
Nov 21 Put - Limit 2.05
Total Cost $3.59

or

Buy To Open
Nov 19 Call - .84
Nov 20 Put - 1.29
Total Cost $2.13

HV = 24%
IV30 = 29%

Sentiment Survey - AAII

MOS - Earnings Due 10/4/2010

Mosaic Co., is expected to report first-quarter share profit of .72 cents (US), up from (.23 cents) the previous year.

Earnings play: $MOS Oct 65 $CALL .82 limit / Oct 55 $PUT .51 limit.
Total Cost: $1.33

Target for this to work would be Stock Price at $66.33 or $53.67.

The Flash Crash Report - May 6, 2010

http://www.sec.gov/news/studies/2010/marketevents-report.pdf


Copy and paste into address bar.

MAR - Earnings Oct 6

MAR is scheduled to report its earnings on Oct 6.

Oct 35 Call - Limit 1.60
Oct 36 Put - Limit 1.25
Total Cost $2.85

His IV = 34.45%
30 IV = 39.71%

Target Stock Price
$38.68 High End
$32.98 Low end

Currently no position has been taken, as mentioned before this is for educational puroses and is not a recommendation nor a solicaition of securities.

AAPL - OCT 18 - Conference Call

Buy To Open

Oct 320 Call - limit - .62
Oct 250 Put - limit - .55
Total Cost: $1.17

Target Stock Price:
$292 High end
$286 Low end


His IV: 22.04%
30Day IV: 32.06%


Apple is in a trading range on the average of $10 per share, we have taken a position in AAPL. Earnings conference call is scheduled for Oct 18, 2010; looking for numbers on the Ipad and Iphone sales.

This is for educational purpose(s)only, as it is not a recommendation nor a soliciation of securities.

Sell To Close - NFLX

Sell To Close
Oct 195 Call - 1.90
Oct 130 Put - .29

Nice move in the morning with a pullback, so take the profit when its there. 4-5 days it took for this swing trade to develop, appears this is the way the markets will be trading until the elections are over, or until something major happens. . . .

Earnings are on Oct 18; for this stock.

NFLX - Updated

Well, after a couple of days of waiting for this thing to play out. So far to good.

Current Option Prices:

Oct 195 Call - 1.35
Oct 130 Put - 0.33

Current Stock Price: $170+

NFLX - Netflix Inc., Earnings Play 10/18

Buy To Open

Oct 195 Call - limit 0.82
Oct 130 Put - limit 0.66
Total Cost: $1.48

Option IV: 45.04% Current; 67.87% Monthly

Target

$163.69 High end
$160.73 Low end

Earnings are to be reported on 10/18/2010, which these options will have expired (10/15/2010 Fri.) if the security does not move in a huge and fast matter.

Disclaimer: This for educational purpose and is not a recommendation nor a soliciation for above security. MCRG and AC currently owns this position.

GOOG and APPL

Sell To Close

Oct 570 Call - Limit 3.30
Oct 460 Put - Limit 1.95

Net Profit: $471.90

Stock closed at $527.29 +$13.81

Buy To Open

Oct 570 Call - limit 2.05
Oct 460 Put - limit 1.95
Total Cost: $4.00

Target

$519 High end
$511 Low end

Disclaimer: This for educational purpose and is not a recommendation nor a soliciation for above security. MCRG and AC currently owns this position.

















Looking for the $290 level to be the support for AAPL, as the market has pinned for this week option expiration. China Iphone numbers should be due out sometime next week.

Also, window dressing will be all next week. Could see a pop to $300.00; level for AAPL.

Disclaimer: This for educational purpose and is not a recommendation nor a soliciation for above security. MCRG and AC currently owns this position.

GOOG Option Trade

Buy To Open

Oct 570 Call - limit 2.05
Oct 460 Put - limit 1.95
Total Cost: $4.00

Target

$519 High end
$511 Low end

Disclaimer: This for educational purpose and is not a recommendation nor a soliciation for above security. MCRG and AC currently owns this position.

APPL and FDX

Well, the apple cont'd to make a new high on the day, with some great news on china getting the iphone on Oct 25, 2010. I wonder with the Ipad numbers where over the weekend for china? Do we see a contintuation from this note?















What the heck FDX, should have filled the gap already. The problem is that price is below the 200MA. AAHH moment?!?

Jan 2011 Option - Strikes Should Be Used

Check'em out upcoming earnings plays for Oct 11, 2010 - Oct 27, 2010

President Obama will be addressing the Business side of the economy . . . This will done in the afternoon session of the markets, and could set the tone for next week's trading. What to watch for is if pro-business Obama shows up, and talks about tax cuts and creation of jobs. Or if its anti-business Obama speaks, watch the USDX. In case you have not been watching the dollar, it pretty tells all.

On Tuesday, we have the Federal Reserve to see if economic activity is picking up.

Notables: APPL, GLD, and FDX

Disclaimer: MCRG and AC are positioned in the above referenced securities, this is not a soliciation or recommendation for the above mentioned. This site is for eduational purpose only.

AAPL and FDX

Apple Inc., released the Ipad, International to China. Looks like we we are testing a breakout or restesting a support level, will see on Monday.













Federal Express., released earnings that were better, however, they will complete a 1,700 employee laid off program to get more profits into it's domestic unit. Guidance going foward are slow.

Upcoming Earnings - Sept 16

FDX - Sep 16 Before The Open FedEx (FDX)

Buy To Open:

2 Oct 90 Call - 1.39
2 Oct 80 Put - 1.64

ORCL - Sep 16 After The Close Oracle (ORCL)

Buy To Open:

2 Oct 26 Call - .50
2 Oct 24 Put - .37

or

Buy To Open:

2 Oct 27 Call - .22
2 Oct 23 Put - .20

RIMM - Sep 16 After The Close Research In Motion (RIMM)

Buy To Open:

2 Oct 45 Call - 2.90
2 Oct 42.5 Put - 1.81

These are for eductional purposes. And not intended for as a recommendation or solication of the above securities.

BBY - Updated

Sell To Close: After earnings Annoucement.

BBY - 37.17
2 Contracts: Oct 34 Call - 4.25
2 Contracts: Oct 33 Put - .28

Profit $295.90 less commission. Nice for couple of days of holding.

Buy To Open:

BBY - 33.88
2 Contracts: Oct 34 Call - 1.52
2 Contracts: Oct 33 Put - 1.34
Total Cost: $2.86

Breakeven
Long side + $35.40 per share
Short side - $32.54 per share

BBY - Earnings Due Sept 14/b

Sell To Close:

BBY - 37.17
2 Contracts: Oct 34 Call - 4.25
2 Contracts: Oct 33 Put - .28

Profit $295.90 less commission. Nice for couple of days of holding.

Buy To Open:

BBY - 33.88
2 Contracts: Oct 34 Call - 1.52
2 Contracts: Oct 33 Put - 1.34
Total Cost: $2.86

Breakeven
Long side + $35.40 per share
Short side - $32.54 per share

CREE - Update

Buy To Open:

CREE - 47.585
2 Contracts: Oct 40 Call - 8.45
2 Contracts: Oct 55 Put - 8.60

17.1 Breakeven
Long side + $56 per share
Short side - $39 per share

Upcoming Earnings Play

Prices are as of 9/10/2010 morning snapshot:

ORCL - 24.91
Oct 22 Call - 3.10
Oct 28 Put - 3.30
Sept 16/a

FDX - 84.65
Oct 70 Call - 15.45
Oct 100 Put - 15.70
Sept 16

RIMM - 43.75
Oct 37.50 Call - 7.20
Oct 52.50 Put - 9.30
Sept 16/a

BBY - 33.65
Oct 31 Call - 3.30
Oct 37 Put - 4.00
Sept 14/b

Noteworthy:

KR - 21.36
Oct 18 Call - 3.50
Oct 24 Put - 2.90
Sept 14/b

DFS - 15.00
Oct 13 Call - 3.10
Oct 19 Put - 3.50
Sept 13

PIR - 7.77
Oct 5 Call - 3.00
Oct 11 Put 3.40
Sept 16/b

Disclaimer: We are in and out these plays, intentioned for educational ideas and not as a recommendation or solication of securities.

Eraseronmics!?!

CIEN - UPDATED

Looks good so far this morning, little bounce. This what is required for this thing to perform for a halfway decent profit on either side of the trade. No sideways trading . . .