Leading once again with Options Express account where I added a call spread in CMG this past week.
CMGIA/CMGIT - This is the September 100/105 call spread entered for a debit of 1.5. This position has a max profit of $350 and a max loss of $150. Stock had a small pullback but seems to have found support in the 92 area. IBD still likes it and its one of the few stocks in the IBD 100 with a black square around it indicating its still in a buying area.
CQNHM/CQNHN - CERN August 65-70 call spread I put on 3 weeks back for a debit of $180 with max profit of $320. The position is looking more likely to go out at a loss.
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. Gave back some profits on this position, but (as i've found) I don't make the maximum profit until expiration, so I have to squeeze all I can out of this position to offset my loosing option trades. If its starts to threaten the 75 strike, i'll think twice about that and take what profits are there.
Back to E-Trade.
ABVT - Pickup up half a position this past week and its showing a small profit. Company has a 2x1 split with record date of August 20th. Also earnings are due out Monday. Yikes - didn't realzie that when I bought it - need to be more careful.
C - Stock had its biggest volume day ever in its history on Thursday when over 2 billion shares changed hands. That's almost 20% of the 11.2 Billion share float. That suggest some serious accumulation going on. Sticking with it.
MFE - Stock is taking a breather here, and threatening my small profit. I'm going to put a mental stop at $42.50 to protect my small profit. Options premiums seem pretty low here for example the Sept 45 call is only paying $1 so it hardly seems worth writing that position going in the fall.
MYRX - Not much going on here in this MYGN spin-off. Volume has been drying up in the absence of any kind of news.
NEOG - Stock had a nice bounce-back after shaking me out at $27 which was the bottom of the move. No news this week.
QCOM - is cooling off along with the rest of the Nasdaq. Stock has been down 9 of the last 12 days since the high-volume selloff back on 7/23. Cost basis under 40 so i'm up nicely. August 46 collar selling for even money, but 46 is the bottom of the channel so i'm looking for support here.
SXCI - Already covered in my weekly update. I'm up over 100% on this position since entry back on 1/2/2009.
USO - Stock is now above the declining 200-day MA and above the rising 50-day MA. Also, daily and weekly range bands went postive last week. Sticking with it despite a seasonal bias for a decline this time of year through Feb 2010. USO deserves its own post.
YUM - is right at the top of the channel at 36.5 after I picked up another lot in my reitrement account at the bottom of the channel at 34. August 36 collar can be entered for a credit of 55 cents but i'm likely to just let it ride.
XZQHF/XZQTF - This is the SXCI August 30 collar put on for even money. I'm down horribly on this position, so i'll let them just have the 100 shares of SXCI and this position will go away. In exchange my large unrealized gain on half my SXCI will go away and become a small realized gain.
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