Thursday, May 02, 2013 12:08:08 AM
Some interesting plays I am looking at:
1. NUAN - Carl Icahn bought more after the crappy earnings that dropped it. Wants to take it over, and company plans a $500 million buyback of shares. Shouldn't stay this low for long, on watch for gap fill, maybe $20 Calls for June.
2. BP - Posted good numbers, yet couldn't go green. GAPS ALL THE DAMN TIME! All gaps get filled as well. My thinking is that some of those lower gaps get eaten before more new higher gaps get made. $43 Puts I think are about .70, may be a play.
3. BAC - The big banks are starting to drop, C, JPM, GS some examples. THis one not as bad as the others, but I think it will catch up. May pop up tomorrow if the market goes green after yesterdays mess, would look at $12 Puts if the price is right for May. Those C puts I got the other day really paid off, looking for another winner here.
1. NUAN - Carl Icahn bought more after the crappy earnings that dropped it. Wants to take it over, and company plans a $500 million buyback of shares. Shouldn't stay this low for long, on watch for gap fill, maybe $20 Calls for June.
2. BP - Posted good numbers, yet couldn't go green. GAPS ALL THE DAMN TIME! All gaps get filled as well. My thinking is that some of those lower gaps get eaten before more new higher gaps get made. $43 Puts I think are about .70, may be a play.
3. BAC - The big banks are starting to drop, C, JPM, GS some examples. THis one not as bad as the others, but I think it will catch up. May pop up tomorrow if the market goes green after yesterdays mess, would look at $12 Puts if the price is right for May. Those C puts I got the other day really paid off, looking for another winner here.
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