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 . . .

CIEN - Earnings Straddle for Sept 8

CIEN 13.00 Call Oct 16, 2010 1.06
CIEN 13.00 Put Oct 16, 2010 0.76

Planned Purchase for Sept 07, 2010; limit Friday's closing price of above referenced. These are options for Oct., so that we may have a little bit of time on on you side, if it does not work out then all will be sold for whatever we can savage . . .

Note: Earning must produce an extreme drop or gap up for us to profit. Breakeven point cost 1.82. H: 14.82 or L: 11.18

Earnings Conference Call: (Live Phone N/A) on Sep 8 2010 8:30AM

Next earnings release: Sep 8 before market, confirmed. Thomson Reuters estimate: -0.33

Nasdaq Day Trading Sim

Pretty sweet little simulation. Not all stocks are present, but, its a growning database. Also, check out the Orders tabs as it keeps your trades in and out with commission from Interactive Data. You can also change the dates for the trading data to practice that trading day. www.tradingsim.com

SPY - Labor Day Prior Play

The year of the institutional money, per holiday rallies.