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??