February 21, 2006  Buy to open the May 145 Philadelphia Gold & Silver Index (XAU) call option (XAV + EI). Set a limit to pay no more than $9.40 per contract.   One of the most clearly defined trends in the markets today is the bull market in precious metals. We have little doubt that gold is ultimately headed for more than $1,000 an ounce. Read More

February 16, 2006  Buy to open the July 140 Oil Service HOLDRs call option (OIH + GH). Set a limit to pay no more than $12.20 per contract.   Read More

February 16, 2006  Sell to close your April 25 Eastman Kodak put option (EK + PE) at the market for a loss of approximately 60 percent.   Read More

February 15, 2006  Buy to open the April 32.50 Yahoo (YHOO) call option (YHQ + DZ). Set a limit to play no more than $2.50 per option.  Read More

February 14, 2006  Sell to close the March 140 Oil Service HOLDRs (OIH) put option (OIH + OH) at the market for a gain of approximately 20 percent.   Crude oil prices have extended their decline as we've anticipated, dropping below $61 a barrel amid expectations that U.S. inventories will continue to rise. Read More

February 8, 2006  Buy to open the March 140 Oil Service HOLDRs (OIH) put option (OIH + OH). Set a limit to pay no more than 6.50 per option.   Read More

February 8, 2006  Buy to open the June 75 Nabors Industries call option (NBR + FO). Set a limit to pay no more than 7.50 per contract.  Read More

February 6, 2006  Buy to Open the May 60 Merrill Lynch Internet HOLDRs (HHH) call option (HHH+EL). Set a limit to buy at $4 or less.  Read More

February 3, 2006  Buy to Open the May 60 Merrill Lynch Internet HOLDRs (HHH) call option (HHH+EL). Set a limit to buy at 5.20 or less.  Read More

February 1, 2006  Sell to close the February 127 Standard & Poor's Depositary Receipts (SPY) call option (SPY + BW) at the market for a combined loss of approximately 45 percent on our strangle trade.  Read More