BUY TO CLOSE AIG December 55 Put (AIG+XK, 0.70) at the market  Last week, we advised to sell a put on AIG. The stock was trading sharply lower as the industry was under Attorney General Spitzer's probe.  Read More

STRADDLE RECOMMENDATION  Buy the WebEx Communications December 22.50 Call option to open (UWB + LX, $1.55, at 1.60 or better) and simultaneously buy the WebEx December 22.50 Put option to open (UWB + XX, $1.85, at 1.90 or better).  Read More

STRADDLE RECOMMENDATION UPDATE  Today, we recommended buying a WebEx Communications Straddle. We advise to put a total limit on a trade at $3.50.    Read More

Sell to Open AIG December Put (AIG+XK, 1.55) at 1.50 or better   AIG reported a very good quarter today. Its net income, although missed Wall Street's forecast by a penny, rose 7.5 percent despite higher catastrophe losses.  Read More

SELL TO CLOSE the Sun Microsystems November 5 put option (SUQ+WA, 0.95), at 0.95 or better.  Sun Microsystems reported its first-quarter earnings yesterday after close. Excluding one-time charges, Sun earned $13 million, or break-even on a per-share basis while analysts expected a loss of 3 cents per share.  Read More

SELL TO CLOSE the Sun Microsystems November 5 put option (SUQ+WA, 0.95), at 0.95 or better.  Sun Microsystems reported its first-quarter earnings yesterday after close. Excluding one-time charges, Sun earned $13 million, or break-even on a per-share basis while analysts expected a loss of 3 cents per share.  Read More

BUY TO OPEN the Sun Microsystems November 5 put option (SUQ+WA, 0.85), at $0.90 or better.  Sun Microsystems will report its first-quarter earnings on Thursday, October 14. The consensus among analysts for the network computer and server maker is calling for a loss of 3 cents a share on $2.7 billion in revenue.  Read More

BUY to Open the April 20 APEX SILVER MINES Call Option (SIL+DD, $3.50), at the market.  Among the precious metals, gold gets the lion's share of investors' attention. But the yellow metal isn't the only one that deserves a good hard look.  Read More

SELL TO CLOSE your December 42.50 Newmont Mining NEM Call Option (NEM+LV, 3.50, at the market)  We recommend closing out your Newmont Mining Position while it is still profitable. The trade was defensive play leveraged to gold prices. However, today's gold prices have sharply declined, and we believe that this may continue for the nearest future. Read More

We have been stopped out from the RSYS position (RSYS, 13.73)   The stock was trading down all day today and violated our stop that we recommended establishing yesterday in our market update. Close your margined position in RSYS with more than 20% gain.  Read More