CRUS

I picked up a long March 17 call in CRUS today. The charts look very constructive and I am getting long CRUS as a derivative play going into AAPL earnings. I think this offers a low risk entry with a possibility of retracing to this past July's highs @ 21.20.


Weekly ToS Chart of CRUS





Daily ToS Chart of CRUS





Here is a link to a short video on CRUS


http://www.screencast.com/t/ey0MKlZHrF

PCX, AMD, BYD, CE, SID, NI, CSC, WCC

NI is in Diversified Utilities

Back on December of 2006 it put in a high of 28.03. I am taking a look at a Fibonacci study from that time frame using a monthly chart. I also am looking at the weekly and break it down to a close up of the daily. I am looking at this Using the monthly and weekly as I do all positions before breaking it down to the daily, 30 min, 10 min, 5min. For longer term positions I emphasize on longer time frames and since this is a July 20 Call option, I do just that. I use the daily and shorter tie frames to establish an entry. I picked up these call options today @ .25

With that being I have a 6 month target of the 78% retracement from the 2006 highs which comes in @ 23.70. The 61.8% retracement comes in at 20.30 and the measured move target from the recent Inverse Head & Shoulders comes in at 18.50.

So my targets are as follows,

First target 18.50
Second Target 20.30
Third Target 23.70
And Ultimately it would be nice to retrace the full 28.03, but I am not expecting that, but will manage it as time progresses.


NI Monthly ToS Chart



NI Weekly ToS Chart





Close up on the NI Daily ToS Chart





WCC is in the Industrial Equipment Wholesale space

In the summer of 2006 WCC traded at a high of 80.29. I am taking a look at the monthly, weekly, and down to the daily. This has had a great run in the last 4 months and it is now bumping up at the 61.8% retracement of the May 2006 highs which comes in at 53.82. This Fibonacci level is usually a level for pause or a possible pull back. I entered the April 55 Call option at 2.40 today with the expectation that this will continue higher and push up to at least the 78% retracement at the 65.46 level.

WCC Monthly ToS Chart






WCC Weekly ToS Chart





WCC Daily Tos Chart


Even though it is a bit extended on the Monthly I chose to enter this position today after seeing bullish activity on the options. Also, if you take a close look at the daily here you can see, it has a nice uptrend in tact and it has pulled back a bit to previous resistance level which looks to be acting as support as depicted by the horizontal red line and the green uptrend line. That gives me 2 probabilities that favor a low risk long entry.




CSC is in the Information Technology Sector

The Monthly chart is looking very constructive and one can identify an Inverted Head and Shoulders type pattern. The weekly chart also has a chart pattern of a more recent Inverted Head & Shoulders. It is at an area of resistance here and it might consolidate which would also be welcomed and would be fine as long as the uptrend line stays intact. On the weekly, you can see that there is a longer term uptrend line in tact and also in the last couple of months another shorter term higher angle uptrend is being formed. These uptrend lines are depicted by the dotted green lines. The Inverted Head and shoulders is also easily identified on the daily chart. It is at an area of resistance here. Great volume has been poring into this name. You can notice that on the days we push up volume surges. The last couple of days have seen very good volume and I feel if the 52 level can get taken out, there should be blue skies up to 54 followed by 55.
I have positioned myself to profit from a push up by the way of purchasing June 55 Call options. I paid 2.00 and 2.03 were my fills. The implied volatility is a bit juiced @ 26.63 in comparison to a Historical Value of 18.63. With a Vega of .13 the position can loose quite a bit with a volatility crush. ex. if the IV 26.63 falls to HV of 18.63, that would be a 8 point drop. You multiply those 8 points by the Vega of .13 and that gives you 1.04. So a Volatility crush would cripple the position by 50%. For this reason I took a small position and will evaluate methods for hedging the position if it starts going against me.

CSC Monthly ToS Chart





CSC Weekly ToS Chart





CSC Daily ToS Chart






Here is a link to the video

http://www.screencast.com/t/ypygYR0VSWNi

GNK

There was some interesting bullish action hitting the February 14 calls today.

Here is a link to a video with my thoughts and analysis.

http://www.screencast.com/t/enS3KYDn5FL

ATPG, BYD, GGB, MIPS, NFLX, NTAP, YRCW

Here is a link to the Video

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

MTW, WFT, BAX

I saw some very interesting option activity in MTW, WFT, and BAX. I will be stalking these names tomorrow and setting alerts on both down and upside. I will look to accumulate these names throughout the year as long as they stay intact technically.


here is a link to the video with my thoughts,

http://www.screencast.com/t/eoBBULz0

ATPG, BYD, FTK, NTAP, SQNM, SVU, YRCW update

Here is a link to the video,

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

DNDN, HK, NFLX, NTAP, YRCW

Here is a video link to a couple of trades that are currently in the red and a couple of losers that got stopped out.

http://www.screencast.com/t/an82GJNm


DNDN Jan 38 Call, entry .88 stopped out @ .50 for a .38 loss

HK Jan 19 Call, entry .80, stopped out @ .32 for a -.48 loss

NTAP Jan 55 call , still long, currently in the red

NFLX jan 190/200 call spread, still long , currently in the red

YRCW Jan 4 Call, still long, currently in the red