HURC - Bull on Steriods

Hurco Companies Inc --- HURC up $12.00 or 35% for the day on solid earnings growth.

Lottery Play - Google

If you belief Google is in a down turn hen here is a lottery play

Buy Goog March 400 strike Put for .85

trade:

Buy 10 contracts GOP OT @ .85

Reason behind trade: If google falls even $10 then implied Volatility would spike and as such the put would be worth much more. Google does not have to get to $400 but has to fall for the put to increase in value. If you pick this trade then make sure you put in tight stops after a 20% gain. Put a sell stop if put falls to .60 cents.

Be careful out there and always trade with a plan.

EK April 20 calls

100 contracts a an average price of .47

Buy more Eastman Kodak - EK

Buy 40 contracts of April 20 strike call for .35

Buy 40 EKDD @ .35

Forest Wheeler - FWLT -- Buying Puts

FWLT missed their earnings and stated the only way to keep up growth is through acquisition. Buying the April $70 strike price put. I think the trend is down for now.

Buy FWLT April 70 strike price put - Buy 10 contracts UFB PN @ 8.30 (FWLT April $70 strike price put)

Sell calls on home builders - Ryland Group

It seems irrattional exuberance is hitting the home builders this morning. I am taking this opportunity to initiate the following trades

Sell Short Calls On Ryland Group Inc (RYL)

Trade--- Sell 20 contracts of Ryland March 30 strike Calls

Sell short Ryland March 30 Strike price - Sell Short 20 contracts of Ryland March 30 strike price - 20 contracts short RYL CF @ 2.4

Buy more Eastman Kodak - EK

Buy more Eastman Kodak April 20 calls

Buy 30 EKDD at .45

This brings my total holdings to 60 contracts at an average price of .55

Buy more shares of Solarfun (SOLF)

Buying more shares of Solarfun as I believe Bank of America downgrade is rather late to the party. Also Citi analyst has a research report out which is positive on the sector.

Buy 1000 SOLF @ 12.85

Sell Google Put for a 42% gain

Sell April $400 put for $10.10 for a 42% gain. Rational is that a 42% gain for a day is just enough for me and in line with my discipline of taking my profits when I am up more than 20% for a day.

Buy Google April Put

I think google is finally cracking - Buying the April 400 strike Put

Buy Google Put - April $400 strike Put - Buy GOPPT @ 7.10


FYI ---
Google Shares are getting hit early Tuesday after comScore's report on a startlingly big decline in paid click growth. Google's January paid click growth was flat on a year-over-year basis, down 7% from December and down 12% from the fourth quarter. UBS cut its earnings estimate and price target in response.

The comScore data provide further evidence that Google is not recession proof and it looks like somebody got wind of this report as GOOG shares were notably weak Monday in an up tape. This decline probably represents an opportunity for believers in Google's long-term story but the short-term pain isn't likely over yet.

Buy EAstman Kodak - EK

Ratings out look raised to stable -

Buying April calls- strike price 20 at .65 cents 30 contracts.

Buy 30 EKDD @ .65

Solarfun (SOLF) - Time to Buy

Solarfun (SOLF) has a long painful downturn since hitting an all time high of $40 a little over six weeks ago. With the stock having dropped more than 70% since the all time high I think it is time to get back in.

Buying 1000 shares SOLF at 13.35.

Fundamentals still seem to be in place and if the company reports better numbers this coming quarter I expect a big bounce from current levels.

Crocs Update

Buy 5 more contracts of - Crox June Strike 28 at 4.6

Close SOLF and EK trade

Closed March SOLF 17.50 strike for 1.50 for a 30% return (10 Contracts)- buy back the sold call

Closed March EK 20 strike call for .60 for a 20% return (10 Contracts)- buy back the sold call

Intraday update - Crocs trade (Crox)

I am buying crocs Inc, CROX - the calls - This is the trade

Buy Crox June call strike price 28 for 8.20 - 5 contracts

This is a mattress MBAfolio play - so standby for an update in due course.

What is MBAFOLIO

The goal of mbafolio is to bring to readers diffrent investment strategies and what type of returns they are generating. Throught out my investment career I have come to the simple recognition that there are different investment stratgegies that can be adopted and it just does not make sense for investors to just stick to one stratagy. So what are some of the stratagies and the accompanying folios (Think of a Folio as the asset purchased or sold for a particular strategy). Strategies would be as following -

1) Buy Stock
2)Sell stock short
3)Buy calls
4)Sell Calls
5)Sell put
6)Buy put
7)Calendar Spreads
8)Iron Candor
9)Covered Calls
10)Mattress play

Well today is Tuesday 02/19/2008 - S&P and Dow futures were up over 12 and120 pts pre open respectively and the we opened with the dow up over 135pts.

Our MBAfolio stratgey this morning was to sell calls on selected issues that we though had been over priced during the early morning run -up. We sold SOLF March 17.50 calls at 2.10 during the morning. We also sold Eastman Kodak march 20 strike price calls at .75. We are looking for a 15% return to cover these calls,.

MBAfolio - Stratgey - ( Sell Calls)

SOLF ( Solarfun) march 17.50 strike Call - sold 10 contracts at 2.10

EK (Eastman Kodak) March 20 strike call - sold 10 contracts at .75


If you get the above trades in the (short call Mbafolio) cover for a 15% gain -

SOLF cover at 1.8 or below based on your risk tolorance

EK cover at .60 or below based on your risk tolorance.

Place stops at a 5% lost.

Happy investing and trading.