Bidu was on fire this morning, with all the other tech companies. The Bank of American/Merrill Lynch Tech Conference in NYC started today. FFIV and NFLX both presented and GOOG is scheduled for Jun 2 in the afternoon Eastern Standard Time.

AAPL, staged a late day rally to the upside, did many other tech's.

Bank of America Merrill Lynch 2011 Technology Conference runs Tues thru Thursday next week. This could be the watchlist for the Conference $FFIV, $AAPL, $BIDU, $GOOG. Just until the end of conference week.

BIDU is the middle of trying to close a gap, as you can see from the Red/Green line..
InPlay Full Month Options: BIDU JUN 135 C / BIDU JUN 130 P
Earnings JUL 18, 2011: Tentative

These were very interesting Weekly Options Plays:

$NFLX 245 May C day trading Only, must be out by 11:00AM Eastern Time. Should be interesting.

Rumors on $NFLX, it ran +11 by the close of trading today.


$MCP 57.50 May C or $MCP 60 May C should interesting at this point, need to be out by 11:00 Eastern Time.

$MCP May 60 C where very nice near the open on trading today.

GS is Co-Lead Underwriters on these IPO Filings



SOLAZYME, INC.

Our Company

We make oil. Our proprietary technology transforms a range of low-cost plant-based sugars into high-value oils. Our renewable products can replace or enhance oils derived from the world’s three existing sources—petroleum, plants and animal fats. We tailor the composition of our oils to address specific customer requirements, offering superior performance characteristics at a competitive cost to conventional oils. Our oils can address the major markets served by conventional oils, which represented an opportunity of over $3.1 trillion in 2010. Initially, we are focused on commercializing our products into three target markets: (1) fuels and chemicals, (2) nutrition and (3) skin and personal care.



CERES, INC.

Our Company

We are an agricultural biotechnology company selling seeds to produce renewable biomass feedstocks that can enable the large-scale replacement of petroleum and other fossil fuels. We use a combination of advanced plant breeding and biotechnology to develop new crops, known as dedicated energy crops, that we believe address the limitations of first-generation bioenergy feedstocks, such as corn and sugarcane, increase biomass productivity, reduce crop inputs and improve cultivation on marginal land.

Our first large-scale commercial products are proprietary sweet sorghum varieties that can be used as a “drop-in” feedstock to extend the operating season of Brazilian sugarcane-to-ethanol mills, the operating days of which are currently limited due to the inherent limitations of sugarcane physiology and growth patterns. Our dedicated energy crops can also be used for the production of second-generation biofuels and bio-based chemicals, including cellulosic ethanol, butanol, jet fuel, diesel-like molecules and gasoline-like molecules, from non-food biomass. Finally, baseload utility-scale electric power can also be generated from the biomass feedstocks grown from our seeds.

The seed industry has historically required very little capital to manufacture seeds, and seeds have typically been sold at prices that generate high gross margins. As a producer of proprietary seeds, we believe we are in the most attractive segment of the bioenergy value chain — upstream from the capital intensive refining and conversion of biomass. For example, in 2009 corn seed providers maintained high margins when volatile commodity prices significantly impacted corn ethanol refining margins. Therefore, we believe our success is tied to adoption of our products rather than the relative profitability of downstream participants. Our upstream position in the value chain also allows us to be largely independent of the success of any particular conversion technology or end use.

InPlay Weekly Options:
$SLV 34 May P, Did workout, it was a long.
$AAPL 335 May P, Workedout
$NFLX 250 May P. Workedout
DayPositining only. Get out before 11:00AM Eastern Standard Time

5-days worth of POMO and then 6 more days at the beginning of the month for POMO...
http://www.ny.frb.org/markets/tot_operation_schedule.html

InPlay Weekly Options: $SLV 33 May C limit 1.65, $AAPL 330 May C limit 7.25, $GOOG May C limit 7.80, $AMZN 195 May C limit 5.09.

We played the AAPL 330 Calls and 335 Calls; nice..

IBM swing low sweet.. Pin at 170 was in.

IBM traded over 170 level and was pulled back under to the 169.40 level. This was a swing of $1.52 in profit on either side of the the trade. Friday is OptionEx and they may just pin IBM at 170.

XOM was a nice play, however overall was a bore if your are in the wrong options or if the Oil and Gas numbers are not scheduled to be release. Today we have both and it allowed XOM to move with market and FED was speaking at 2:00 Eastern Time, so there was a runin of the stocks before hand.

XOM 82.50 tradable option range .27 to .47

NYSE 38
NASDAQ 12

SECTOR
Basic Materials 10
Conglomerates 1
Consumer Goods 2
Financial 6
EFT ** 11
Healthcare 1
Industrial Goods 2
Services 4
Technology 13

Weeklys Options 50

***The Financial have been sorted, due to the EFT's.....

Weeklys Options Sorted by Market Cap. SPY current Beta is .99

Ticker Company Sector Industry Country Market Cap Price Volume Beta EQUITY D PENNIES TO 3.00
XOM Exxon Mobil Corporation Basic Materials Major Integrated Oil & Gas USA 398372.91 80.87 17628504 0.5 X
AAPL Apple Inc. Technology Personal Computers USA 314877.38 340.5 11612677 1.34 X
MSFT Microsoft Corporation Technology Application Software USA 211072.24 25.03 66668440 1.06 X
GE General Electric Co. Conglomerates Conglomerates USA 210942.39 19.89 41948064 1.66 X
IBM International Business Machines Corp. Technology Diversified Computer Systems USA 205807.1 169.92 5138461 0.73 X
T AT&T, Inc. Technology Telecom Services - Domestic USA 186010.02 31.41 17688600 0.66 X
JPM JPMorgan Chase & Co. Financial Money Center Banks USA 171464.73 43.15 32807400 1.15 X
GOOG Google Inc. Technology Internet Information Providers USA 170647.48 529.55 2101605 1.15
PFE Pfizer Inc. Healthcare Drug Manufacturers - Major USA 165291.64 20.92 36670712 0.71 X
WFC Wells Fargo & Company Financial Money Center Banks USA 147724.56 27.93 32355436 1.36
BP BP plc Basic Materials Major Integrated Oil & Gas United Kingdom 134462.77 42.93 8894929 1.11 X
INTC Intel Corporation Technology Semiconductor - Broad Line USA 124119.82 23.41 53010504 1.12 X
C Citigroup, Inc. Financial Money Center Banks USA 121294.18 41.53 43272960 2.56 X
VZ Verizon Communications Inc. Technology Telecom Services - Domestic USA 105411.52 37.26 10400045 0.67 X
CSCO Cisco Systems, Inc. Technology Networking & Communication Devices USA 93312.64 16.88 80087600 1.22 X
AMZN Amazon.com Inc. Services Catalog & Mail Order Houses USA 91565.22 202.56 4111176 1.16 X
SPY SPDR S&P 500 Financial Exchange Traded Fund USA 90300.06 134.04 156925424 0.99 X
GS The Goldman Sachs Group, Inc. Financial Diversified Investments USA 73239.5 141.46 14252793 1.35 X
CAT Caterpillar Inc. Industrial Goods Farm & Construction Machinery USA 68549.89 106.33 9223542 1.72 X
V Visa, Inc. Services Business Services USA 66330.9 79.91 5347571 0 X
SU Suncor Energy Inc. Basic Materials Independent Oil & Gas Canada 62715.11 39.87 7075044 1.58 X
AXP American Express Company Financial Mortgage Investment USA 59494.41 49.49 8182853 1.93 X
GLD SPDR Gold Shares Financial Exchange Traded Fund USA 57305.41 145.63 17225620 0.05 X
F Ford Motor Co. Consumer Goods Auto Manufacturers - Major USA 57276.7 15.08 43281932 2.38 X
AIG American International Group, Inc. Financial Property & Casualty Insurance USA 54657.14 30.42 5334145 3.65 X
GM General Motors Company Consumer Goods Auto Manufacturers - Major USA 48493.74 31.07 10794508 0
BIDU Baidu, Inc. Technology Internet Information Providers China 45751.08 131.28 13630878 1.81 X
FCX Freeport-McMoRan Copper & Gold Inc. Basic Materials Copper USA 45727.14 48.27 19789312 1.79 X
POT Potash Corp. of Saskatchewan, Inc. Basic Materials Agricultural Chemicals Canada 44086.97 51.58 8048001 1.07 X
LVS Las Vegas Sands Corp. Services Resorts & Casinos USA 31054.55 42.6 12494464 3.89 X
RIMM Research In Motion Limited Technology Diversified Communication Services Canada 22660.79 43.24 9608208 1.88 X
YHOO Yahoo! Inc. Technology Internet Information Providers USA 21563.66 16.55 119976528 0.88 X
IWM iShares Russell 2000 Index Financial Exchange Traded Fund USA 19620.68 83.51 72155840 1.16 X
EP El Paso Corp. Basic Materials Oil & Gas Pipelines USA 14010.63 18.22 13623267 1.17 X
NFLX Netflix, Inc. Services Music & Video Stores USA 12939.84 246.52 5041231 0.44 X
SLW Silver Wheaton Corp. Basic Materials Silver Canada 12045.14 34.1 12794657 1.5 X
SLV iShares Silver Trust Financial Exchange Traded Fund USA 11056.71 34.39 117347072 0.47 X
NVDA NVIDIA Corporation Technology Semiconductor - Specialized USA 10867.07 18.26 50597340 1.64 X
XLE Energy Select Sector SPDR Financial Exchange Traded Fund USA 9247.36 73.79 35929180 0.97 X
FFIV F5 Networks, Inc. Technology Application Software USA 8487.35 104.64 3004995 1.22
XLF Financial Select Sector SPDR Financial Exchange Traded Fund USA 7419.79 15.77 66267516 1.48 X
GDX Market Vectors Gold Miners ETF Financial Exchange Traded Fund USA 6952.43 54.21 13895951 0.62 X
X United States Steel Corp. Industrial Goods Metal Fabrication USA 6419.33 44.65 9143123 2.4 X
MEE Massey Energy Co. Basic Materials Industrial Metals & Minerals USA 6095.27 59.12 2412915 2.08 X
MCP Molycorp, Inc. Basic Materials Industrial Metals & Minerals USA 5214.39 62.15 4739901 0
FAZ Direxion Daily Financial Bear 3X Shares Financial Exchange Traded Fund USA 4579.08 43.15 10151640 0 X
PCX Patriot Coal Corporation Basic Materials Industrial Metals & Minerals USA 2033.94 22.28 4985683 2.79 X
USO United States Oil Financial Exchange Traded Fund USA 1877.34 39.44 20588576 0.97 X
FAS Direxion Daily Financial Bull 3X Shares Financial Exchange Traded Fund USA 1778.98 27.71 18439590 0 X
TBT ProShares UltraShort 20+ Year Treasury Financial Exchange Traded Fund USA 34.39 9105532 0 X

GS was InPlay on Friday for a downward rally, however it took a longtime to develop on the other time frames. Rippin both ways to almost close it gap of 2+ point decline.

SLV we called for Silver to experience downward pressure and it took some time to break the cycle of a closing gap left on May 12, 2011. Gap and Faded back to the May 12, 2011 area... Nice call on the May 34 Puts Weeklys.

BIDU trader's have been on a sideways consolidation for a bit and today is no different. Placed a limit order to open on a BIDU 145 Call/Put Straddle. This was due to the market started to tank and then we bounced, which we decided to wait, which was wrong to due for our size.

Will be back in the sit on Wednesday, to see what we can savage from this trade.

InPlay: Weekly Options - Expiration Day

NFLX - 230 Put
In .83 - Out .95
In .67 - Out 1.00
In .25 - Out 1.00

AAPL - 345 Put
In .11 - Out .25

AMZN - 195 Put
In .20 - Out .40

As you can see these where, pretty good if you where able to handle the faster time decay.... The markets played so many games it was not even funny, so you have to scalp this market if you can. Also, writing tickets are not fun, due to it cost you money (Brokerage Fees)....

NFLX is in a downward rally mode so far. PCLN will report earnings on May 5, 2011. So will be interesting to see what this will bring to the tech sector....

NFLX put in a nice gap this morning. Sell began just before the 10:30 turnover and it could not break that 239 level be able to run it to the 240 price level... Well see how this continues to play out in the morning and at the end of the week.