Buy to Open the September 60 Sepracor Call Option (ERU+IL). Place a limit order at 3.00 or better.  Biotech Sepracor (SEPR) reported a quarterly earnings loss of 7 cents per share, well above consensus expectations for a loss of 70 cents per share. Read More

December 26, 2007  Sell to close the Transocean February 130 call option (RIG + BF) at the market. Shares of Transocean (RIG) have moved up nicely in recent sessions, gaining about 12 percent since we opened our position less than three weeks ago. Read More

December 18, 2007  Buy to open the National Oilwell Varco (NOV) February 70 call option (NOV + BN). Set a limit to pay no more than $6.60 per contract.   National Oilwell Varco (NOV) is one of the most dynamic energy service companies. The company is the dominant player in the area of drilling equipment. Read More

December 14, 2007  Buy to open the Wells Fargo April 30 call option (WFC + DF). Set a limit to pay no more than $3.40 per contract.  Select high-quality financial stocks are likely to stage an impressive rally in the coming months.  Read More

Buy to open the March 94 iShares Lehman 20+ Year Treasury Bond Fund March put option (TLT + OP). Set a limit to pay no more than $3.50 per contract. Maintain your position in the March 88 iShares Lehman 20+ Year Treasury Bond Fund March put option (TLT + OJ).  Read More

December 4, 2007  Sell to close the Schlumberger January 95 call option (SLB + AS) at the market.  Buy to open the Transocean February 130 call option (RIG + BF) at the market. Read More

November 26, 2007  Buy to open the U.S. Bancorp (USB) March 32.50 call option (USB + CZ). Set a limit to pay no more than $2.00 per contract. Fear in the financial sector is running to the extreme these days. Read More

November 26, 2007  Buy to open the Starbucks (SBUX) April 22.50 put option (SQX + PX). Set a limit to pay no more than $2.20 per contract.   Coffee seller Starbucks (SBUX) was in trouble long before the economy started to slow. Long-time clients will recall we've made money shorting the stock repeatedly in the last few years, for instance. Read More

November 14, 2007  Sell to close the Network Appliance March 30 put option (NUL + OF) at the market.   Network Appliance (NTAP) will likely disappoint on its fourth quarter earnings guidance when it reports its results after the close tonight. Read More

November 9, 2007  Buy to open the Citigroup (C) March 2008 30 call option (C + CF). Set a limit order to pay no more than $6.00 per contract.   "Buy when there's blood in the streets," banker Baron Rothschild was reputed to utter when asked about the best time to buy stocks. Read More