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.

Delta and Theta are the two most important indicative selection to an option over the weekend. One Theta is the time decay of the option over the day that it does not trade and days that it trades.

So we will be losing around $20 - $21 dollars per 1 contract held in NFLX in this example.. NFLX needs to over come this with a 5-10 price swings which its capable of doing.

Math:

Call Theta is .21. 100 equal number of share in 1 (one) contract for the option. .21 x 100 = $21.00
lose of value per day (this includes weekends).

Call Delta is .41 100 equal number of shares in 1 (one) contract for the option. .41 x 100 = $41.00 stock price must move 1 dollar per share to get .41 move in the option.

Same thing works for the Puts, as well.

So in closing, the Delta is high enough to overcome the Theta (Time Decay) if the underlyn stock can move 1 points or more in a session.

NFLX 235 May 11 Calls and Puts......

AAPL is not moving with the market, as well as other companies that follow with the S&P 500. We straddled the 350 Call and 350 Put, thinking it was a better deal. We held it overnite and stock dropped -3 point and the options on the puts side barely moved. Then the stock raced back to near the open price. Then started to give it all back in near mid trading day.

Oh well, we where able to make something on it in the morning and not have to bother with a Friday trading day.

InPlay After Earnings: APPL 345 Puts were in play this morning after Apple earnings were released after the bell - yesterday. In .26 - Out .42 = .16 before fees and commission. OptionEx was today, due to the markets will be closed on Friday for "Good Friday". Overall, the earnings did not make a different, as we play the after effect of the report.

One asks "How Much Computer Does One Need To Trade Stocks?" You have to ask yourself (3) three simple questions:

1. Desktop


2. Laptop


3. Monitor Size - Screen Real Estate

Most new traders will opt for the Desktop computer, also known as the "Family" computer. In terms, it has all their stuff (Data Files, Family Photos, and etc.). The preference for a standalone trading computer is highly suggested, as kids and family can jack up a computer faster than no other. If you trade on the go a laptop is ideal, but with the limited monitor size it could be a setback.

How many monitors? That's a personal choice that you'll have to make, but don't make the mistake of thinking more is always better. Three - 24" monitors should be sufficient enough for the average trader. Keee your charts and screen information to a minimum, which willl keep your required screeen real estate to a minimum. Keep it Simple.

With regards, to a trading computer, in my opinion, the truth about CPU and RAM requirements for the average trader really comes down to this. Any new, off the self computer is adequate for trading. Currently out of the box systems will have ths following features.

1. Operating System: Windows 7 (64-bit)


2. Memory 4 GB of RAM (Expands to 8 GB of RAM)


3. CPU Type Intel Core i3


4. CPU Speed 2.53GHZ


5. Warranty 1yr

Name brands are the best (Toshiba, Dell, HP, Lenovo and Apple), but there is an added price for name branding. Every 6 months there will be a bigger better system out there. Honestly, if you don't want to spend a lot on a trading computer, then don't. A plain vallina Dual Core will do just fine. Just don't go any lower than 2 GB Ram.

Streaming quotes and charting packages (Java based) just don't put a heavy burden on the CPU like, games (Standalone - download to the hard drive). Browers based programs usually employ Java to make there platform accessible across multiple Operating Systems (PC, APPLE, LINUX and etc.). These browers-based systems provide improved flexiblity, as they do not require a particular operating System thy just require a Java Virtual Machine or a standard compliant brower. Most trading firms are now taking advantage of 64-bit multicore technology. Some firms are lagging behind, but you can still run them on Window 7.

This company, we believe would not move, as it its sweet time in the option to move and we passed on this one and selected NFLX to play for the day. All in all it was a good day!!!

NFLX 235 Calls and NFLX 240 Calls rocked the house on a down day in this type of market.

NFLX 235 Calls 1.65 to 1.70

NFLX 240 Calls .98 to 1.16

PCLN was on a tear to the upside after 10:45 posting.

PCLN calls were on order for this day!!!

Trading Date: 4/08/2011 Stock Traded: NFLX Option Strike NFLX AprWk2 235 Put. Expiration 4/08/2011 # of Contracts 100 Entry Price: .64 Exit Price: .79 Commission: $300 total in and out Fees: $2.46 total in and out Reason for getting in: The overall market has been a chop-fest to a say the least. And on an intra-day basis this appears to be a good time to play to the downside. Quick and the Dead, Scapling is your best trading tool during these market times.

This one did not workout as well as the other one. There is still some time left on it, however, the Delta is .10 for every dollar the stock moves and we are 4 dollar away from being in the money on this one.

Updated on TIBX Day's High was the goal. In .85 out 1.00; caution to these markets, as we head into earnings season. Surf's Up!!

TIBX APR 27 11 C limit .85

Should close out for the earnings release on Mar 29, 2011.

APOL APR 44 11 C limit 1.75

InPlay Earnings: MCP is release their earnings report after the bell at 4:30PM; will have to see how this opens tomorrow morning.

MCP 49.00 Mar 11 C

MCP 49.00 Mar 11 P

Weeklys or Monthlys, humm. Straddle the stock price, but do not feel that this options will hold much value in overnight session. Also, 1 Day % Percentage Group - Basic Materials where at the bottom of list.

We will see in the morning on this one.

ISRG responsed with a profitable trade this morning session and will have to see where it goes from here.... In 6 and out at 7 = $1.00 dollar gain for this option play.

Interesting week to say the least about a chop fest. Once the market got a good direction the market revised into the other direction.

Sold
USO 40.00 MAR 11 C
USO 40.00 MAR 11 P

Could have be premature, but a profit is a profit in this market.

ISRG Apr 330.00 11 Call

See how it opens first, this thing has a nasty bid and ask spread.

WAIT! Before you get into a trade, make sure you check the news to make sure that they are not coming out with their earnings reports or releasing any other type of financial information.

We are currently holding the USO 40 MAR 11 Call and USO 40 MAR 11 Put. This will allow us to be InPlay for a weekend of uncertainty. USO has a weekly price range of 2.81 per share. Weekly Range: 37.79 low - 40.60 hi = 2.81. Added to current price: 39.68+ 2.81 = 42.49 or 39.68 - 2.81 = 36.87

Purchased USO MAR 40 Call
Purchased USO MAR 40 Put

Purchased AAPL 330 FEB 11 Put 1.06

Purchased AAPL 355 FEB 11 Call 1.12

Monday Feb 21 is a Market Holiday - Washington's Birthday

JDSU was a bad decision, all around...

Expired Worthless (No Selling)

Purchased JDSU 26.00 FEB 11 C .27

We thought that this company would been on the upside, at least for the first part of the morning, little did we know that Citigroup downgraded the stock in the morning. Techs started to their "TANKAGE"...

Open .11 to over 1.60 = nice payoff.

Sold AAPL 365 Feb 11 C 2.07

Purchased AAPL 365 Feb 11 C 1.70

Sold AAPL 360 Weeklys Call .27

Purchased AAPL 360 Weeklys Call .21

Apple was strong out the gate, however, once we got in it started to stall/move sideways. This was the most important reason, due to OpEx was today for these options. Friday's intended to be very explosive profits, but AAPL decided not to make the usual moves up or down.

AAPL was on a roar this morning and then late afternoon the AAPL drop to a downward roar only bounce back.

Sold AAPL 360 Weekly Put 4.41

Purchased AAPL 360 Weekly Put 3.94

Option Penny Pilot Program. The minimum increments for all classes in the Penny Pilot (except for the QQQQs, IWM and SPY) are: $0.01 for all options series below $3 (including LEAPS), and $0.05 for all option series $3 and above (including LEAPS). The minimum increment for all option series in QQQQ, IWM and SPY is $0.01.

• $0.01 for all option series below $3 (including LEAPS)
• $0.05 for all option series $3 and above (including LEAPS)

Go To https://www.cboe.org/hybrid/pennypilot.aspx

Click here for a .CSV file of Penny Pilot classes and listing issues.

Available Weeklys Options

Go To http://www.cboe.com/micro/weeklys/availableweeklys.aspx

Click here for a Weeklys Options listing issues.

We believe that investors would like to see strike price for option increments narrow, just like the spreads. "The retail clients are interested in trading options at or near the money," The implication of these desires is that the options industry is not out of the woods yet. CBOE also has 160,000+ strike prices now and is looking at increasing the book depth available to investors.

The increments between strike prices will vary depending on current stock price.

• Stock prices below $25 have options prices that are in $2.50 strike price increments.
• Stock prices above $25 are in $5.00 strike price increments.

Strike prices stay at $5.00 increments all the way up to $200, when they become $10 increments. Some very liquid and/or lower priced stocks have strike prices in $1.00 increments, as do many ETF's (Exchange Traded Fund) such as the QQQQ.

I love weekly options, in the fact they are like a lotto ticket. With every click of the mouse a trade is done, you have a chance of winning at least a couple thousand buckaroos -- or breakeven to flat.

Weekly options have a good percentage of odds in your favor, if done correctly. Best time to trade the weekly options is during the last two days of trading life of the option, which is on Thursday and Friday. This trade must be closed out before the closing bell on friday or you'll have a total loss of the weekly option.

AAPL Options Trading


Sold AAPL 345 Weekly Put .03

Purchased AAPL 345 Weekly Put .96
_________________________

Sold AAPL 345 Weekly Call 1.31

Purchased AAPL 345 Weekly Call 1.00
__________________________

Sold APPL 345 Weekly Put .60

Purchased APPL 345 Weekly Put .44

Gap range was pretty hugh with the news that they were selling the Insurance arm to another party.

BAC 14 Call, was purchase yesterday a loss and was sold today for a gain. BAC 14 put will expire worthless tomorrow on OpEx.