Wowza's Option Board

[Mr Wowza]

hoping nice gap on SPY tomorrow, calls

[Mr Wowza]

bought SPY 12/17 125 calls at 0.80

[Mr Wowza]

TZA 5% up

[Mr Wowza]

SPY puts TZA calls rocking

[Mr Wowza]

Bought SPY puts and TZA calls today

[Mr Wowza]

ack J. Walker
Director

Chairman of the Board
AeroGrow International, Inc. Committee Membership:
Audit Committee, Governance, Compensation and Nominating Committee
Jack J. Walker became Chairman of the Board in July, 2008 and has been a director since February 2006. Mr. Walker also served as CEO from January 2010 to March 31, 2011. He has been the Managing Member of Walker Enterprises LLLP, a real estate investment and development company, since 2000. He is on the Board of Pathogen Systems, Inc and Modern Hotels Limited. He is an English Solicitor and began his career in 1956 in London, England. In 1968 he founded English & Continental Property Company, and served as Joint Managing Director of this commercial property development company, which operated in Europe with over 200 staff, until its sale to the Post Office Pension Fund in 1973. From 1973 he controlled several English listed companies, including Charles Spreckly Industries, Town & Commercial Properties and Associated Development Holdings, with worldwide interests and over 3,500 employees. Mr. Walker served as a director of supermarket group Megafoods Stores, Inc from 1987 to 1993, and was CFO for part of that time. Mr. Walker created the Walker Foundation for Charitable Activities in England, and serves as a director of various civic and charitable organizations.

Mike Wolfe
Director

Chief Executive Officer
Mike Wolfe joined AeroGrow in April of 2006 as Vice President of Operations, was promoted to Chief Operating Officer in January 2010, and to Chief Executive Officer on March 31, 2011. Mr. Wolfe has over 20 years of senior level operations experience in the field of consumer products - with particular emphasis in direct marketing, order fulfillment and customer service/telemarketing.

As Chief Operating Officer of Concepts Direct, Inc., Mr. Wolfe oversaw the launch, development and operation of seven independent catalogs (along with associated e-commerce sites) including the highly successful Colorful Images, Snoopy, Etc. and Linda Anderson brands. In addition, he was responsible for a fulfillment operation that managed 15,000+ SKUs and processed over 3 million orders per year. He held this role from the company's inception in 1992 and throughout its rapid growth to sales of over $80 million in just six years. The company's major catalog assets were later sold to the Taylor Corporation.

Prior to this, Mr. Wolfe served as Vice President of Wiland Services, Inc., a database management company that builds and maintains the databases of many top-flight direct marketing companies, including Sears, Dell Computer, Lillian Vernon and Prudential. Wiland was sold and became a division of EDS in 1992. He has also served as a consultant and as a Board member both to corporations as well as non-profit organizations.

Mr. Wolfe holds a BS degree in Finance and Marketing from the University of Colorado and received his MBA from the University of Denver.


Greg Clarke
Director

Chief Financial Officer
H. MacGregor (Greg) Clarke is a high-performance, hands-on business leader with an exceptional record of achievement, impact and success in senior executive roles at large multinational and middle market companies. Mr. Clarke brings to AeroGrow an extensive background in finance, operations and strategy, as well as consumer product experience, having served as President, CEO and CFO at a number of high-growth companies during his career.

Most recently, Mr. Clarke worked at Ankmar, LLC, a private equity-owned, nationwide garage door manufacturer, distributor and installer, first as CFO and later as CEO, where he successfully restructured the company's operations and managed the sale of Ankmar to strategic buyers.

Prior to Ankmar, Mr. Clarke served as Vice President and General Manager at Johns Manville Corporation, a $2.2 billion building materials subsidiary of Berkshire Hathaway Inc., where he was responsible for all operations and financial performance for the Building Insulation Division. Previously, Mr. Clarke served as Vice President, Corporate Treasurer and International Division CFO at The Coleman Company, Inc., a $1.3 billion NYSE-listed recreation products company, where he served during a period of substantial top-line growth. Mr. Clarke also worked for nine years at PepsiCo, Inc., most recently as Director, Corporate Strategic Planning, where he led strategy and planning for the worldwide beverage sector.

Mr. Clarke holds an MBA in Finance from Columbia University Graduate School of Business and a BA in Economics from Amherst College.



Michael S. Barish
Director

AeroGrow International, Inc. Committee Membership:
Audit Committee, Governance, Compensation and Nominating Committee
Michael S. Barish co-founded Lazarus Investment Partners LLLP, a private investment partnership focused on microcap stocks, in 2003, and served as the fund's Chief Investment Officer until his retirement on June 30, 2009. In 1973, Mr. Barish founded Cambiar Investors and grew the firm's assets from less than $1 million in 1973 to over $2.3 billion upon his retirement in 2001.

[Mr Wowza]

SPY chart:

[Mr Wowza]

IBM my puts 0.26 now

[Mr Wowza]

IBM DEC WK2 175 puts bought at 0.22

[Mr Wowza]

Futures up huge sick move this morning

[Mr Wowza]

OTC Outstanding Derivatives Surge To $707 Trillion Despite Debt Crisis

NEW YORK (Commodity Online): As per a new report by the Bank for International Settlements (BIS), the total amount of all notional Over The Counter outstanding derivatives stand at a staggering $707 trillion. 10 times bigger than the estimated world GDP of around $63 trillion!

Most stunning fact is that in the six months from January – July 2011, even as the European debt crisis raged on, outstanding derivatives rose by $107 trillion

In the past 10 years, total derivatives have jumped from $100 trillion to $703 trillion – a 7 fold increase. No wonder the world economy is in a debt crisis.

This multi-fold increase in derivative instruments will mean that as the world economic crisis continue unabated, margin calls on these derivatives will result in further defaults, leading to a deeper crisis. A vicious circle as they say.

http://www.commodityonline.com/news/otc-outstanding-derivatives-surge-to-$707-trillion-despite-debt-crisis-44039-3-1.html

[Mr Wowza]

Bought GMCR DEC 40 put at 0.76

[Mr Wowza]

Got in too early but now looks good

[Mr Wowza]

Got some SPY 1.15 puts at 0.48 and 1.16 put 0.63

[Mr Wowza]

JPM bounce watch

[Mr Wowza]

FAS on watch

[Mr Wowza]

F close to support

[Mr Wowza]

EBAY bounce watch

[Mr Wowza]

CVX bounce watch

[Mr Wowza]

CRM getting over sold:

[Mr Wowza]

BRCM getting oversold:

[Mr Wowza]

AMZN bottom not far imo

[Mr Wowza]

AAPL 50ma bounce:

[Mr Wowza]

AA chart bounce watch!

[Mr Wowza]

Futures are screaming higher on Sunday evening, up over 2%. As I discussed on my video recap last Friday, the issue was whether a bounce from oversold conditions would even be worth playing. One of my main disciplines as a trader is largely sitting out and observing the first 30-45 minutes of trading every session, when volume tends to be anemic and price swings wild. As a swing trader, this enables me to get a feel for the action, without losing capital trying to figure it out. Moreover, there are few occurrences in the market that do more damage to a trader’s psyche than to consistently chasing an opening gap in either direction, only to see it faded aggressively after the initial move.
First and foremost, there is an awful lot of time between now and Monday’s opening bell. So, the rally may become a moot point if we wake up to a flattish open. That said, should the bounce stick I am watching to see if it survives past the first hour of trading. I will be watching all of the usual suspects that are proxies for risk appetite, including the Euro, Freeport McMoRan, consumer discretionary plays, and energy. A gap up from oversold conditions is generally not favorable to swing traders looking to initiate fresh longs. I would prefer to see the bounce faded initially, and then make an afternoon push.
From a broader perspective, regardless of whether tomorrow’s bounce sticks or not for a quick trade, I remain very concerned with the weekly chart of the Nasdaq Composite Index. As you can see below, the threat of a weekly breakaway gap demands my respect, at the very least. Note that we have not seen such a visible gap down with a bearish marubozu candle since the October 2008 crash. Hence, I will most likely remain highly cautious on the long side until that gap at least becomes somewhat filled above 2.540.

[Mr Wowza]

Thank you sir and welcome

[Lucky_Charm$]

Sweet board...Marked :)

[Mr Wowza]

Uncle Sam To The Rescue After All: Latest Rumor Sees €600 Billion Bailout Of Italy From US, Pardon IMF
Tyler Durden
11/27/2011

The European desperation is palpable ahead of the EURUSD open in a few hours, which has to deal with the aftermath of the Friday afternoon downgrade of Belgium, the junking of Portugal and Hungary, and the prospect of an imminent downgrade of AAA-stalwarts Austria and France.

So what does Europe do instead of actually proposing the inevitable debt repudiation that is the only and final outcome? Why more rumors of course. To wit: last night saw the preannouncement of Welt am Sonntag indicating that in order to bypass the lengthy process of treaty changes, Europe would instead proceed with bilateral agreements that would somehow enforce fiscal stability and convince the market that European states would follow the German leader.

Well since that is sure to have absolutely no impact, overnight Italian La Stampa is out with a fresh new rumor which cites "IMF sources" according to which the US-headquartered and funded organization would provide a €600 billion loan to Italy at 4-5%. In other words, Uncle Sam, in his role as primary funding agent of the IMF would lose massive amount of money on the "market to fair value" arbitrage, only to bail out the latest European domino.

As a reminder, the whole "under market rates" loan from the IMF was implemented in Greece and worked out just swell: at last check the 1 Year Greek bond was trading with a yield of over 300%. Oh, and La Stampa forgot to mention one thing: any changes to the IMF, which currently is massively underfunded and is why the organization was forced to create two new liquidity facilities: a Precautionary and Liquidity Credit line, since it is unable to fund its New Arrangements to Borrow, have to go through US Congress when it comes to expanding funding capacity. Yup, the most dysfunctional, corrupt and criminal thing in the world - the US House of Representatives, where unless everyone is short Italian CDS, this will never pass. In other words: this rumor is dead in the water.

More from Dow Jones:

The International Monetary Fund could offer Italy between EUR400 billion and EUR600 billion in financial support to give Italian Prime Minister Mario Monti a window of 12 to 18 months to enact reforms sufficient to restore waning market confidence in Italy's ability to repay its debt, Turin daily La Stampa reported Sunday, citing IMF sources.

The IMF "Italy package" would consist of loans at an interest rate of between 4% and 5%, compared with the 7% to 8% the country paid at its most recent bond auctions, the report says.

La Stampa reports that the worsening European debt crisis, which has increased pressure on French and Belgian bonds, and seen a German bund auction undersubcribed, is strengthening the conviction at the IMF that Italy is the nation that urgently needs support to avoid a breakup of the euro.

The IMF wants to give Monti another card to play if his reforms are insufficient to dispel financial speculation, the paper said.

The size of any IMF bailout for Italy would be so large that it must be done in coordination with other insitutions, La Stampa said.

Germany has been against any broadening of the European Central Bank's purchases of Spanish and Italian bonds on the open market to support prices. But German resistance to ECB bond-buying could fade if such funds were extended with oversight from the IMF, La Stampa reported.

As for the facts...

The IMF board of governors agreed December [2010] to roughly double quotas from around $375 billion to around $750 billion. But out of the 187 member countries, only 17 have legally accepted the increase, including Japan, the U.K. and Korea. Most of the countries with the biggest quotas, such as the U.S., China and Germany, haven't yet gone through the legal process, such as parliamentary or congressional approval, need to hand over their promised dues.

http://www.zerohedge.com/news/uncle-sam-rescue-after-all-latest-rumor-sees-%E2%82%AC600-billion-bailout-italy-us-pardon-imf

[Mr Wowza]

you will buddy

[Mr Wowza]

thinking to buy some SPY calls early Monday morning if it dips a little more stays this level, please read this article:

Black Friday Sales Rise 6.6% to Record:


Enlarge image Target Works to Fix Crashing Website Before Black Friday

An employee moves shopping carts into place at a Target Corp. store in Colma, California. Photographer: David Paul Morris/Bloomberg

Black Friday sales increased 6.6 percent to the largest amount ever as many U.S. consumers unleashed pent-up demand and bought for themselves.

Shoppers spent $11.4 billion yesterday, ShopperTrak said in a statement today. Foot traffic rose 5.1 percent, according to the Chicago-based research firm.

“This is the largest year-over-year gain in ShopperTrak’s National Retail Sales Estimate for Black Friday since the 8.3 percent increase we saw between 2007 and 2006,” ShopperTrak founder Bill Martin said in the statement. “Still, it’s just one day. It remains to be seen whether consumers will sustain this behavior through the holiday shopping season.”

The brisk turnout came as retailers from Gap Inc. (GPS) to Wal- Mart Stores Inc. (WMT) to Toys “R” Us Inc. opened their doors earlier than ever.

Many shoppers were rookies who had never before participated in the busiest shopping day of the year, dubbed Black Friday because many retailers are said to become profitable then. As many as 152 million people were expected to shop at stores and websites on Black Friday, up 10 percent from last year, according to the National Retail Federation.

Macy’s Inc.’s (M) Chief Executive Officer Terry Lundgren said he was struck by how many people in their 20s descended on the chain’s flagship store in Manhattan.

“It was almost a continuation of whatever social experience they were having hours before,” he said.
Consumer Sentiment

Black Friday arrived with consumer sentiment at levels previously reached during recessions, as a record share of households said this is a bad time to spend, according to the Bloomberg Consumer Comfort Index. The measure has reached minus 50 or less in nine of the past 10 weeks, an unprecedented performance in its 26-year history.

Even with low confidence, shoppers paid more for goods and unleashed some pent-up demand, said Craig Johnson, president of consulting firm Customer Growth Partners, which is based in New Canaan, Connecticut.

Many shoppers are in the mood to buy for themselves. One is Kevin Fusting. While most of his gift budget will go to video games for his 10- and 12-year-old sons, Fusting, a 46-year-old oriental rug seller from Chevy Chase, Maryland, may buy himself a present this year: a Sony Corp. digital camera.

[John753]

Hope I can make some on your mega play so I have little extra cash to play with your option alert.

[Mr Wowza]

Nice

[Gotusucka]

My 100 Dec 2nd Spy puts @ 1.25 are looking quite nice right about now :)

[Mr Wowza]

JPM calls kicking hard today

[Mr Wowza]

U.S. Stock Futures Fall; S&P 500 Poised for Drop
Adam Haigh
Nov 25, 2011

U.S. stock futures declined, indicating the Standard & Poor’s 500 Index will drop for a seventh day, as the euro area’s leaders grappled with how to contain their region’s debt crisis.

Citigroup Inc. (C) lost 1.4 percent and Bank of America Corp. (BAC) slid 0.4 percent in early New York trading.

Futures on the S&P 500 expiring next month slid 0.7 percent to 1,152 at 7:10 a.m. in New York. Dow Jones Industrial Average futures expiring the same month lost 66 points, or 0.6 percent, to 11,168. U.S. equity markets will reopen today after yesterday’s Thanksgiving break. Trading will end at 1 p.m. today. The S&P 500 has declined 4.4 percent so far this week.

“Over the next weeks and months, we are likely to see the future of the euro zone taking shape,” said Thomas Beevers, a fund manager at Newton Investment Management Ltd. in London, which has about $73 billion in client assets. “There is a chance that some countries, such as Greece, may choose to either default on their debts or leave. The remaining countries are likely to be forced, by pressure stemming from Germany, to enact fiscal-austerity measures and implement economic reforms. A much stronger union will emerge from the current crisis.”

German Chancellor Angela Merkel yesterday repeated her opposition to joint euro-area bonds, damping optimism that politicians will agree to use a potential remedy for the region’s woes. The S&P 500 (SPX) has fallen 7.6 percent over the past six trading days, its longest slump since August.

Italian Bond Yields

Yields on two-year Italian notes rose to a euro-era record of 7.88 percent today. Spanish two-year notes slid, pushing the yield to more than 6 percent for the first time since the euro was created in 1999. The rate climbed as high as 6.09 percent.

“Nothing has changed in my position,” Merkel said yesterday at a press conference with Italian Prime Minister Mario Monti and French President Nicolas Sarkozy in Strasbourg, France.

Fitch Ratings lowered Portugal’s long-term rating to BB+ from BBB- with a negative outlook, while Moody’s Investors Service cut Hungary’s foreign- and local-currency bond ratings to Ba1 from Baa3 yesterday.

European Central Bank Executive Board member Jose Manuel Gonzalez-Paramo urged euro-area politicians to take bold steps toward fiscal union to end the debt crisis, and said they should not rely on the ECB. European Union Economic and Monetary Affairs Commissioner Olli Rehn said it looks like contagion is spreading to core countries. S&P said yesterday Japan hasn’t made progress in tackling its debt load.

Bank Risk Soars

Debt-insurance costs for European financial companies jumped to the highest ever, with the Markit iTraxx Financial Index of default swaps linked to the senior bonds of 25 banks and insurers increasing 14 basis points to 359.

In China, a Dec. 1 report from the statistics bureau and the China Federation of Logistics and Purchasing will probably show manufacturing contracted in November for the first time since February 2009. The median estimate of economists polled by Bloomberg is for a reading of 49.8, compared with 50.4 in October, and below 50 which is the dividing line between expansion and contraction.

JPMorgan Chase & Co. strategist Thomas J. Lee yesterday lowered his estimate for where the S&P 500 will end the year by 8.5 percent, citing the recent decline in stocks. The median forecast still calls for an 8.9 percent climb to 1,265 from Nov. 23’s close, according to 12 strategists surveyed by Bloomberg News.

Barton Biggs, the hedge fund manager who reduced U.S. equity investments in September before the biggest monthly rally since 1991, said this week that he has cut bullish bets again on concern that the likelihood of a U.S. recession has increased.

Citigroup slid 1.4 percent to $23.18. Bank of America lost 0.4 percent to $5.12. Morgan Stanley (MS) slipped 0.6 percent to $12.95 in early New York trading.

http://www.bloomberg.com/news/2011-11-25/u-s-stock-futures-decline-as-s-p-500-index-is-poised-for-seven-day-slump.html

[Mr Wowza]

I use optionexpress!! very good one

[ineverwin]

wowza what brokerage do you use for options...seems like im getting turned down for level2 because of lack of experience

[Mr Wowza]

Locked some at 1.05 and locked rest 0.99

[Mr Wowza]

1.04 here we go guys

[Mr Wowza]

0.99 very nice

[Mr Wowza]

0.93 now go baby

[Mr Wowza]

0.90 now

[Mr Wowza]

Added JPM DEC 30call at 0.84

[Mr Wowza]

JPM should bounce hard imo

[Y worry Murray]

I noticed on the past 2 option expiry’s that the market moved in the direction the SPY closed divergent from it's Max Pain on the Sunday overnight & Monday sessions. Specifically what I want to ask about is if anyone has done any research on divergence between the close of the QQQ or SPY on Op Ex. and their respective Max Pain and the resultant market action on subsequent days. I don't know of a source for the Max Pain of prior months in order to do this research myself. A referral to either the research or a source for doing so myself would be appreciated.

TIA,
Murray

[Mr Wowza]

Bought JPM DEC 30call at 0.87

[Mr Wowza]

sold all today at 0.35

[Mr Wowza]

Bought HPQ W P 25 at 0.18

[Mr Wowza]

CRM W C 110 at 1.65 call hit $5.00
CRM W C 115 at 0.60 call hit $2.00

[Mr Wowza]

Sold AAPL 8.80 from 7.80