SLB is back at the 200 dma at $63, this one will count and $63.50 will be a true breakout for their whole sector. This is coming with great earnings and a multi-day Cramer pump so, if they can’t break this, they may be in for a quick correction.
- My play on alt energy is CY Mar $17.50s for .75.
- They own SPWR (80%) and they’ve been dragged way down by the Semis.
- AA selling 1/2 Apr $30s for $2.70 on this run
- (regretted not doing so yesterday)
EXPE just got a GS upgrade, we have the July $22.50s, currently $1.15 (up .05).
- TXN Selling the April $30s against my Jan ‘09 $30s BECAUSE I already have two April call positions that will keep me out of trouble on a big rise.
- Stopped out of HAS Feb $27.50s at $1.60
- Taking out my TSO Feb $65 putter for .30