Been out of that one for a while, made a little but pretty much was neutral on that one, some killer volatility.

Been busy lately sorry for the late reply.

Yesterday I held onto my long positions and into the close I was selling cash backed puts on stocks that I wanted to either get in at lower prices, or buy the puts back for income. Sold most puts today. Got to love the bull market when it overreacts...

Second Curve Capital bought $919,500 of LEND on 5/18.

http://www.secform4.com/insider-trading/1174735.htm

I bought $30 calls Friday on a hunch the AQNT mania would spead, I think I may keel over dead.

VCLK $30 call options, my brain hurts...

SUNW 2B share buyback, announced after the close. Buying a few AH shares, maybe a gap tomorrow.

MEE getting the hammer down it deserves finally.

MEE:

The Federal Government is suing Richmond, VA based Massey Energy for thousands of violations of the Clean Water Act. The feds are suing over massive pollution discharges into the waterways of West Virginia and Kentucky. They are suing for damages between $27,500 and $32,500 per day of violation for 4,633 violations over the past six years. This means that Massey has 69,000 days worth of violations and some simple math makes this around a $2 billion lawsuit

Stock Lobster.

Buy puts on MEE now.

Saw a DNDN buy go by for 643k shares, or 1/128th the float, heh.

DNDN looks to gap.

Loaded since Thursday.

Dendreon in Germany:

up ~ 10% so far.

LEND 2.0

JMP Securities (JMP) - New IPO, I day traded it once today and got out. May be something to watch next week. Have a good weekend SL.

Thx =)

DNDN L2 por favor if ya get a chance

Sniped some DNDN June 7.5 calls at $0.2 in that dip.

The trading feels wound up still. This last hour is going to be volatile...

DNDN trading like LEND did. Great for a bounce from the 4's to the 12's....

Perfect setup....

It would have to be a "Golden Cross" not a medallion, lol.

FWIW:

The 200 day moving average for DNDN is about 6.18. It fell on 5/9 to that level, went below it on 5/10, and is butting up against that level today 5/11.

If you are a believer in penants and triangles, its nearing a turn of one way or the other into EOD. I'm betting shorts are not feeling good holding short over the weekend.

Right now I am playing some risky May 7.5 calls I got for an average of 10 cents ($10 per contract).

Somewhere between 30% and 60% of the shares are short is what I am hearing. And JPM set a target price of 13 today.

DNDN short squeeze still in effect =)

DNDN squeeze in action toward the close. News after the bell, may be good may be bad. Lotto options...

TYVM =)

DNDN plz not DNNI =)

L2 on DNDN anyone? Seems to be bottoming out chartwise. TIA.

Mind posting a DNDN L2 SL.

DNDN FYI:

http://biz.yahoo.com/prnews/070509/sfw110.html?.v=60

Dendreon to Hold Conference Call on Thursday, May 10, 2007 at 4:30 PM ET

HAHA yep! Fear and blood flowing in the DNDN streets. I love the carnage. Probably over 50% short interest into the close.

FED held rate at 5.25%, FYI. Not a surprise.

Agree 100%.

OTM options almost always expire worthless. Much like a scratchoff paper lotto ticket :)

The beauty of a few out of the money options is that they are low risk, high reward. A limited amount of downside that you define rationally (the bet) vs the infinite amount of potential upside. Perfect for a lotto play.

100% of the float traded today, big selloff. I find it morbidly fun to buy into other people's misery.

DNDN June $10 calls at 30 cents, .UKOFB

My lotto play.

Make that 2.1 =)

USU worked out well too. July 22.5 calls were $0.95 on 4/27, $1.6 now.

Think I PMed you when I got in 2 weeks ago.

Been away from IHUB a while - been on business travel.
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Posted by: CoolHandLucas
In reply to: None Date:4/27/2007 11:14:55 AM
Post #of 217

USU July 2007 $22.5 calls, USUGX, $0.95

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About a 100% gain so far. Still holding a little longer.