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Minyan Mailbag: Full Court with Dr. J

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He's actually 6'5", with the afro 6'9"

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Note: Our goal in Minyanville is to remove intimidation from the financial markets and encourage an interactive dialogue among the Minyanship. We share this next article, written by Minyan Jon Najarian, with that very intent.


For more of Jon's work,
click here.

  • Piper upgraded their rating and price target on Apple Computer (AAPL) and shares opened over $44, but have come under heavy pressure in the last two hours. Piper liked the checks they heard from 20 Apple value-added retailers and moved their revenue target to $3.17 billion, but as soon as the options opened, which is just after 8:30 am CT, traders hit the options hard. AAPL 94,000 calls vs 31,000 puts.

  • Advanced Micro (AMD) had a strong surge Friday and is holding most of that today as traders lock in profits by selling the expiring April 17 and 18 calls against their holdings in the underlying security. I show 24,000 calls trading vs 6,000 puts, with 10,500 of those calls being those of the expiring April variety.

  • Ford (F) knocked down their profit forecast and that's got longer term investors looking for some protection against a GM-like fiasco. The June 10 puts, that give the buyers the right to sell F at $10 are up 50% in value on the session, trading nearly 9,000 contracts as those puts move up to $.60. Overall, I show just 5,000 Ford calls changing hands vs 38,000 puts.

  • Taser (TASR) is finally bouncing and traders are getting out, or rolling out of the expiring April 15 & 17.50 calls, as I show over 30,000 combined volume at those strikes, which is larger than the open interest of each. As I said, some could have been rolled (selling out their Aprils and buying Mays) to the May 17.50, 15 and 12.50 puts as nearly 30,000 of those have traded as well.

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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