January 27, 2006  Buy to open the Merrill Lynch Pharmaceutical HOLDRs Trust (PPH) May 70 call option (PPH + EN). Set a limit order to pay no more than $4.20 per contract. Read More

BUY to Open January 70 Oil Service HOLDRS (OIH) call option (OIH+AN) at the market).  Read More

January 26, 2006  Buy to open the iShares Russell 2000 May 72 put option (IOW + QT). Set a limit to pay no more than $3 per contract.   Read More

January 25, 2006  Sell to close the EnCana July 50 call option (ECA + GJ) at the market for a loss of about 30% percent.   Read More

 January 25, 2006  Sell to close the Genentech March 90 call option (DWN + CR) at the market. We're taking a loss of approximately 50 percent on this trade.   Read More

January 25, 2006  Buy to open the Chevron (CVX) June 65 call option (CVX + FM). Set a limit to pay no more than $2.60 per option.   Despite slow progress to the contrary, a general state of denial seems to pervade today's world with regard to our energy situation. All the evidence points to energy prices remaining strong for as far as the eye can see. Read More

January 20, 2006  Buy to open the Washington Mutual July 42.50 put option (WM +SV). Set a limit order to pay no more than $2.70 per contract.  Read More

January 19, 2006  Sell to close the Simon Property Group April 75 put option (SPG + PO) for a loss of approximately 65 percent.  Read More

January 11, 2006  Buy to open the Genentech (DNA) March 90 call option (DWN + CR). Set a limit to pay no more than $5.60 per contract.   Genentech (DNA), the leader in cancer drugs reported earnings after the bell last night. Overall revenue and earnings topped estimates, but investors have focused instead on sales of DNA's key drug Avastin. Read More

January 11, 2006  Sell to close your February Standard and Poor's Depositary Receipts 126 put option (SPY + NV) at the market. Maintain your position in the February Standard and Poor's Depositary Receipts 127 call option (SPY + BW).  Read More