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NEW TRADE * NTGR * calls 10/21/11
Netgear (NTGR $29.62 + 1.09) Telecom networking company, for
commercial businesses. Stock rallied to start the month, pulled back
and is showing investor interest ahead of earnings next week. Not
real excited about buying into an earnings report, but like the risk
/ reward.
Our play is the at the money Dec. 30 calls, with a target of 36.
Exit point is 27.76 on a closing basis.
RECAP
BUY the NTGR Dec. 16, 2011 ** $30.00 calls, currently $2.70 bid
/$2.85 ask, at MARKET to OPEN a position.
Good luck
Joe Lesko
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Result
TRADE ALERT * NTGR * calls 11/08/11
NTGR $38.06 + 2.82 // We have a solid 8% pop this morning with the
stock trading above our 36 target, let's sell into strength. At
$8.00 we will be banking a 180% gain.
RECAP
SELL the NTGR Dec. 16, 2011 ** $30.00 calls, currently $8.00 bid at
MARKET to CLOSE your positions.
Joe Lesko |