good morning all!
have not seen anyone talk about jcp lately. been ridin' that gravy train down for about 3 weeks now. yee haw!! will all of retail follow suit?? i know anf is on the list, but what else????

Great list, as always! Now I've got some homework... Thanks!

Jeff,
Thanks for the watchlist. Loved the presentation, too.

Happy trading all.

Jeff, not only do you feed us delicious nuggets, but you manage to entertain as well and constantly surprise us. I love today's format. I know I said I wasn't going to trade this week but I'm looking at all of them anyway and, well, ya never know. Something just might be irresistable. Thanks!!!

friggin job is blocking youtube, can't see the list till tonight $%$$&#!!!
ahh my morning whine, he he

Alex,
Here's a few to nibble on from the list:

Bull - WLT, MBT, MICC, GD, SOHU, MON, AG, SYNA, JASO, APOL, APA, CVD, ANXL

Bear - CBT, OMG, WSFS, AGGL, CNA, ALOG, APD, XL, AMLN, WHR, PSA, MER, AIV

Hope that helps you get your day going.

Jeff,
Thanks for posting the watchlist so early. I am taking some time off of that Just Over Broke thing (JOB) this week and am dedicating the time to watch and understand more of the market movements. Thanks for all you do.

Rest,
I am in a DEC 125 put and have noticed the price movement down $3.25 but the put price is hardly moving. Is there something I am missing. When I am in any call option theprice movement is "with" the stock price but not on puts. Anyone have some insight???? Also, for all the currencies i.e. FXI, FXC, FXA does Jeff offer any guidelines as to not trade options but only the underlying??? I have been investing (losing) for years but now my account is growing. I am thankful for my God-given brain and my limited education in investools, as well as the Marketcast. I wish Jeff would do more of with Eric as I so enjoy their straightforwardness and their banter. Have a great week.

Lzrball,

JCP was part of the sweet 16 last week, Nice trade!

I'd like to add VSRN to the list. It broke from a major base on friday and still offers a nice entry.

also, OSIP and CME are breaking out today amidst the selloff.

All,
My last post was requesting info on a CMG Dec 125 put.
Thanks

POT is very close to its 50DMA $108.27 - see if holds and bounces.

David in NH

thanks Jeff!

Jeff,
Are you still in FXI? The price action to the downside is incredible. Down $8.00 at 10:38.

REBIGDOG - Could it be the IV dropping? I have noticed a plunge in IV on quite a few things.

Scoot,
IV is holding at 50..slightly down last week but holding at 50 is that neutral or what should I be looking for in the IV?

Thanks for the list Jeff

Thanks for helping us who cannot get to you tube Michelle. What a group :-)

All good stuff

REBIGDOG, ProphetCharts is showing that Implied Volatility for CMG is trading at the high end of its range. Did you get in recently? IV could be dropping. It's showing a small drop just in the last few days...

:)

REBIGDOG, here is a link to one of Jeff's artciles about Implied Volatility. It's a good one (of course!).

http://www.optionaddict.net/archives/2006/8/24/
implied-volatility-in-four-easy-steps.html

Thanks Jeff! Great list to kick off Turkey week.

I am sitting on my hands watching AZO, ABC, STI and VMC make me some money. :-)

Alex, I feel your pain!

THANK YOU Michelle :)

Here's what sucks about the FXI...I bought OTM puts when the FXI was at 198 and added at 190. I only have a modest profit in it despite the huge drop. Oh well, perhaps it will continue falling.

Krystal,
I got in the trade on Friday, a bit late of the start of the down move. IV was dropping last week but has increased since Wednesday, but vary slightly. You guys are great...anyone else trading CMG????

I don't mean to trample all over Jeff's incredible watchlist, but if you're looking for other viable puts, the $crx (commodity index) is confirming a broadening top formation. In anticipation of this, i addded several put plays last week on some commodity stocks. Today, BW and AKS might confirm brekadowns. Keep an eye on them.

And a MASSIVE head and shoulders on PTR (also a commodity stock).

Trample my list? Why?

REBIGDOGG,

Yes, still short FXI. I'm hoping for a double digit day in this one.

After posting such a phenomenal list, i didn't want to cloud it up too much by adding to it.

You are doing legendary work here, Jeff, and thanks to you, one of my darkest moments as a trader is now a memory. I wish I could thank you enough, but i simply can't.

REBIGDOG
What I was thinking is that if IV made up a good portion of the price of your option and it dropped, it would reflect in the theo value. You can plug the changes in the IV into a Black-Scholes calculator and see how it should effect the theo price.

REBIGDOG,
I'm showing the Dec 125 Put up 2.30 at 10.00, a spread of .50 CMG down 3.95 and a delta of -.52.
Seems about right to me.

michelle you are the greatest!!

thanks

Jym, do you see CMG down to $115 ?

David in NH

David in NH,
how do you get 115?
I see it as a H&S with a neckline of 124 which would give a target of ~109.
disclaimer - this is my first H&S call would someone with more experience please chime in.

jym - I belive your right - The measure from head to neckline looks to be 20 poiints. So I think around 109 - 110 my be the stop.

David

Fellow STI holders (thanks Jeff!)

I've already made a grundel on this, but I'm having that age old struggle between letting my winners run and taking profits quickly.

Would you mind sharing your thoughts on your STI target?

Thanks!

Angela-
In this type of market climate with all the whipsawing, it's better to err on the side of swing trading, in my opinion.

liz

You're welcome. Consider it a Thanksgiving gift.
Jeff's watchlist is awesome.
Brett,
I'll have to check out your picks, too.

Happy trading all.

Check out ININ too...

All,
Bidu was on the watchlist. With a H&S from 424 to 369 spread. What would you say the target is on this drop of $55? Sorry to all who are more advanced than me, I am an Associate and have not been able to get into a technical studies class as of yet.
Thanks to you ALL!!

Hey Jeff

Just noticing that IV has plummeted on a bunch of stocks. Is there a reason why, that I'm not aware of? Or is it just because???

Anyone have a target on ESV from the list?

Jodi-
I noticed that too! Like straight down... PSA for one.

liz

Brett-
I would rather you be wrong on at least AKS. But I do like the BW set up. Are you looking at your beloved BPHX the same way?

liz

Looks like big MO is breaking out.

David in NH

I bought some BPHX today. I see it in the lower part of a long-term channel and the $17 area seems to be support. I suppose you could argue a reversal pattern is in the works there, but the volume doesn't seem to support it.

yeah, i take that back. just pulled up the chart on BPHX. looks like a quick exit for me.

Jodi and Liz,
FCN volatility took a nose dive as well....

VRTX- breaking down from bear flag.

liz

LDK looks like its stalling with resistance at $36.
What do you guys think, would love to hear some one else's take on it.

I think the days to enter put plays are days like friday. this market is probably going lower, but getting in on a down 200 day is like starting a race after everyone else has run 10 yards already.

Sometimes it's better to skip the breakdown and use the market's bounce to enter on a retest. Just my opinion.

Remember: Technically we should go lower, but a bounce can come out of ANYWHERE and there is plenty of news this week.