Thursday, April 19, 2007

The Options Screener

is down today.

Yesterday it snooped big buying of ENER calls. I jumped into that ahead of tonight's CC. When the options went from .50 to 1, I sold half the position - holding just a half position today (house money) as the price founders.

Motorola - I noted heavy call buying earlier this week. It continues today out into the July contracts. Earlier this morning:

Motorola-MOT shares could experience bounce in the short-term-Hold@DBAB
Deutsche Bank believes shares could see a short-term rally due to the well-publicized ongoing proxy fight between Carl Icahn and Motorola. DBAB believes MOT's problems are fixable, but maintains a Hold rating and $15 target.

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