Leading again this week with the Options Express account. OX is growing on me since they cut my comissions and I haven't funded the Think or Swim account yet.
CQNHM/CQNHN - This is the CERN August 65-70 call spread I put on 2 weeks back for a debit of $180 with max profit of $320. Checking the chart on the left, up volume continues to outpace down volume, so i'm sticking with it.
RFYHN/RFYHT - This is the RIMM August 70-75 call spread that I put on for a debit of $218 with a max profit of $282. All we need is a close above $75 on August expiry and I make the maximum profit on this position
Now back to E*Trade....
C - Citi shows some signs of life this week as they completed their preferred to common conversion. Also some big index buying came in on Friday according to CNBC. Sticking with it.
DIA - Long 1 lot in my retirement account. The broad indices are clearly under-represented in my account.
MFE - Already covered in my weekly update. Watching for signs of distribution and possible add-to on a pullback. Stock dropped out of the IBD 100 this week which is a warning sign.
MYRX - Up slightly this week. This is a zero-cost basis leftover from the MYGN debacle.
NEOG - Added another lot this week when the stock broke above 30 after weeks of consolidation. Stock fell back, so it may have been a false breakout.
QCOM - Some low-volume distribution going on according to the chart on the left. With options at every strike, I can now sell the 46 collar (and below) for a credit. Options activity was dominated by the 44 puts which traded over 4000 contracts on Friday. There's an option trade here somewhere, more to come.
SXCI - Stock recovered from a pullback to 28 to close around 29.50. No news this week, earnings before market hours this coming Thursday.
USO - broke the 28-bar range bands to the upside on Friday so i'm sticking with my long.
YUM - Addition of lot in my retirement account 2 weeks back at 44 was a good move as the stock closed Friday at 35.46. Stock is petering out here, so it may be time to see some calls or perhaps a call spread.
My CD "WASHINGTON MUT BK HENDERSON NEV C/D FDIC INS TO LIMITS DUE 07/31/2009 5.150" came due on Saturday, so i'm looking to reload next week on something that pays 5%.
CD Listing
Taxable
FEDERAL TR BK FSB SANFORD FLA 5.40% 08/11/2009
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.40% 06/21/2010
LEHMAN BROS FSB WILMINGTON DEL 5.10% 09/08/2009
WASHINGTON MUT BK FA STOCKTON CA CD FDIC INSURED TO LIMITS 5.05% 11/02/2009
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.60% 07/21/2010
Retirement
AMCORE BK N A ROCKFORK ILL 5.0% 11/16/2009
1ST COMM BK NORTH LAS VEGAS 5.15% 08/28/2009
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.40% 06/21/2010
RG PREMIER BK HATO REY C/D FDIC INS TO LIMITS 5.45% 07/30/2010
GMAC AUTOMOTIVE BK MIDVALE UTAH C/D FDIC INS TO LIMITS 5.60% 07/21/2010