PCX mar 20 Call update

Here is an update on PCX. We entered the March 2011 20 call options @ .67. Today we hit our first target. of 19.82 and the option got up north of 2.00 for a moment before pulling back some. I am looking for this position to retrace to 78% of April's highs which comes in @ 21.15. There I will shave another piece of the position. There are still 78 days remaining till expiration and I feel we can fully retrace the April highs which comes in at 24.25. I know a couple of you guys are in with me and I know some of my buddies over at Tidetraders.com picked some up with me as well.

www.tidetraders.com is by far the best trading chat room I have ever experienced. The quality of traders, in several of the chat rooms they offer, are some of the best traders you will come across. I spend most of my days in there and along with posting many of my trades on Twitter, I post most of my trades in the Tidetrader's chat rooms. If you have not taken a moment to visit www.tidetraders.com, you are doing yourself a serious injustice. This is by far the best place to get your PHD in trading the markets. Oh yeah, did I mention, IT'S FREE.



Here is a link to the PCX Video

http://www.screencast.com/t/zRscj58E2



Monthly Chart of PCX




Weekly Chart of PCX




Daily Chart of PCX

BPOP seeing bullish activity

I have accumulated some Jan 3 call options in BPOP. I also own this name in common shares and am looking for a fundamental turn around story in this name with my thesis that 2011 will be a good year for the financials.

Here is a link to John Paulson's holdings of BPOP, this is information I researched in December 8, 2010. He has accumulated north of 66 million shares in this name.

http://www.gurufocus.com/StockBuy.php?GuruName=John+Paulson&p=1

I am beginning to see some bullish activity hit the calls and today was a day where the calls were 3X the norm. Here is a small article on this.
Unusual Options Activity Review For Tuesday, December 28, 2010


Bullish Flow

Popular (BPOP) shares gained a nickel to $3.08 and options volume hit 3X the recent average daily after 12,000 calls and 175 puts traded on the San Juan, Puerto Rico bank. February $3 calls were the most actives. 7,680 traded. Most of the action was in smaller lots. The top trade was 638 contracts at 25 cents each and traded on the International Securities Exchange, where sentiment data indicate that a customer bought-to-open a new position. April 3 calls were busy as well, with another 3,380 traded. No news on the stock, but the flow seems to reflect expectations that, after about seven months of mostly sideways trading, BPOP shares are due to rally in the months ahead.


Read more: http://www.theoptionsinsider.com/unusualactivity/?id=6107#ixzz19aPgwA4i
The Options Insider: Your Inside Source For Options Information

I have also made a video on this and here is the link to it.

http://www.screencast.com/t/xd3sqJeP

Trade well

Pete

January Effects

Here is a list of some January Effects stocks I put together,

AONE
BYD
BPZ
BZ
FTK
GMXR
HOV
LNET
MNKD
PMI
SOMX
SQNM
SPF
SVU
STP
UTA
YRCW

Here is a link to a video with further description and what I am looking for

http://www.screencast.com/t/1yOyF3rM

Trade well,

Merry Christmas and Happy New Year!!

Long NTAP jan 55 Call

I entered NTAP jan 2011 55 call today @ 2.60. I posted my entry this afternoon on Twitter and here is a follow up video of my thoughts and targets.

http://www.screencast.com/t/tODZAQ4iuQ