Sell to close your existing Oil Service HOLDRs January 125 call option (OIH + AE) position at the market.   Buy to open the Oil Service HOLDRs April 145 call option (OIH + DI). Use a limit order to pay no more than $11.40 per contract. Read More

November 14, 2006  Buy to open the Novartis January 60 call option (NVS + AL). Use a limit order to pay no more than $1 per contract.   Read More

November 14, 2006  Sell to close Amgen December 75 call option (YAA + LO) at the market.  We added our Amgen trade several weeks ago anticipating that the stock would do well on the heels of a solid earnings report and on the strength of the over market. While stocks in general have continued to rally, Amgen hasn't fared so well.  Read More

January 12, 2006  Sell to close the Halliburton April 65 call option (HAL + DM) at the market for a gain of well over 100 percent in less than four weeks.   Read More

November 10, 2006  Sell to close the Chevron December 65 call option (CVX + LM) at the market. Oil and oil stocks have been acting well of late, as we've expected. And further gains appear likely in the next few months. Nevertheless, we're inclined to take profits in our Chevron (CVX) trade here. Read More

November 2, 2006 Buy to open the Best Buy (BBY) January 55 put option (BBY + MK). Use a limit order to pay no than $4.60 per contract. Read More

November 1, 2006  Sell to close the January 127.50 Philadelphia Gold and Silver Index call option (SWO + LF) and the Market Vectors Gold Miners ETF December 35 call option (GDX + LI). Use market orders to exit the positions.  Read More

October 25, 2006  Sell to close the Amylin Pharmaceuticals January 40 call option (AQM + AH) at the market.   Read More

October 25, 2006  Buy to open the Amgen (AMGN) December 75 call option (YAA + LO). Set a limit order to pay no more than $2.50 per contract.  Read More

October 23, 2006  Sell to open the Transocean January 75 call option (RIG + AO) for a credit of $3.50 or better to maintain your covered write position.   Read More