SELL to Close your May 65 SLB Call Option (SLB+EM, at the market)  Higher oil prices have been leading to the increased visibility of the companies in the oil service and drilling industry, including Schlumberger SLB. We expected SLB to fully participate in the oil-service rally; however, the stock has lagged somewhat.  Read More

BUY to Open April 90 Oil Service HOLDRS OIH call option (OIH+DR) at $4 or below.  Read More

Sell to close your February 128 Russell 2000 iShares call option (DIW + BX) at the market for a loss of 90 percent.  Small stocks have been hardest hit in the recent correction, as investors have turned to the relative safety of blue chips, handing us a big loss on this trade in the process. Read More

Sell to open the Proctor & Gamble July 55 put option (PG + SK) at $2.40 or more.   Proctor & Gamble (PG), a giant in consumer products, is going to get a lot bigger shortly with its acquisition of Gillette, another venerable name in consumer products. The $57 billion acquisition will create the world's largest consumer product maker. Read More

Position Update- MYG put  Continue to hold you Maytag April 17.50 put option (MYG+PW).  As we expected, investors were disappointed this morning when Maytag reported its quarterly results. Read More

01/25/05 CACI - Position Update. Yesterday, CACI International posted record EPS of 67 cents a share, which was toward the upper end of management's guidance and above the Street consensus of 66 cents.  Read More

Sell to Open the EBAY April 75 Put (XBA+PO) at 2.40 or higher We advise aggressive traders to take a leveraged position in EBAY.  Read More

BUY TO OPEN the Maytag Corp. MYG April 17.50 Put option (MYG+PW), at $1.55 or below.  Maytag will report its quarterly numbers on January 28. We believe that these results, as well as the company's near-term prospects will disappoint investors. Read More

BUY to Open the Feb 15 Emulex Call Option (ELX+BC) at 2.00 or below.  Emulex (ELX), a company whose principal business is in storage networking, will report its numbers tomorrow. The Street's focus will probably be not on the company's quarterly results, but on its guidance. Read More

SELL to CLOSE your Intel January 22.50 Call Option (NQ+AX) at the market. Despite reposting good numbers last week, shares of Intel (INTC) failed to rally as we expected. Moreover, today, after announcing a first in many years major restructuring plan, the shares continued to slide. Read More