Well Puts

Sell to open Tenneco Inc. (TEN) February 17.50 puts.

TEN-Daily

Sell to open CRZO March 22.50 puts. Support at confluence of rising 50 and 100 day SMA.

Carrizo Oil & Gas, Inc. (Carrizo) is an independent energy company engaged in the exploration, development, and production of natural gas and oil. The Company’s operations are principally focused in producing natural gas plays known as shale plays or resource plays.

CRZO Daily

Sell to open GIL March 20 puts. Support at rising 50 SMA. I sold the 20 strike which should coincide with the 100 day SMA. Earnings on Feb 11th.

Gildan’s principal business activity is the manufacture and sale of active wear, socks and underwear. I also have Finish Line (FINL) on my watch-list with a similar chart – also a sportswear company.

GIL Daily

Sell to open MAC March 30 puts. I made this trade yesterday and I am just getting around to post it. I had several REITs in my watchlist and this had the best setup. I went with March expiration as most of my February inventory is filled.

The Macerich Company is involved in the acquisition, ownership, development, redevelopment, management, and leasing of regional and community shopping centers located throughout the United States. During the year ended December 31, 2008, the Operating Partnership owned or had an ownership interest in 72 regional shopping centers and 20 community shopping centers aggregating approximately 76 million square feet of gross leasable area.

MAC Daily

Sell to open February 5 puts. Rising 50 and 100 day SMA. Some resistance at 5.70.

AgFeed Industries, Inc. is engaged in the research and development, manufacture, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in China’s domestic pork husbandry market. AgFeed operates through wholly owned subsidiaries, Nanchang Best Shanghai Best, Guangxi Huijie, Shandong Feed and HopeJia. On June 24, 2008, the Company acquired premix feed company. On January 3, 2008, the Company acquired a 70% interest each in Wannian Xiandai Animal Husbandry Limited Liability Co. (Wannian), and Jiangxi Huyun Livestock Co., Ltd. On January 4, 2008, AgFeed acquired a 60% interest in Ganzhou Green Animal Husbandry Develop. Co., Ltd. On January 7, 2008, it acquired Gang Feng Animal Husbandry Co., Ltd. On January 9, 2008, the Company acquired a 55% interest in Yichun Tianpeng Domestic Livestock Farm, Ltd. (Yichun).

I made this trade last Friday and I’m just getting around to posting it. The chart is from Friday as well.

FEED Daily

Sell to open EK Feb 4 puts. I’ve had EK on my watchlist for about a week now. A big move today got EK back above the 50 and 100 day MA which are both rising.

Kodak had some promising new products at CES this year. In addition, there was a lot of volume with the Feb 5 calls. Earnings on Jan 28th.

EK Hourly

Sell to open WFR Feb 16 covered calls. WFR has a lot of supply at the area around $15 and I am anticipating some consolidation. $16 strike lets me participate in some more upward momentum as well as giving me an exit strategy. A pullback to the 50 day SMA and I will likely write more puts.

WFR Daily

Sell to open IAG Feb 15 puts. My order filled late afternoon. IAG is back above the 50 and 100 day SMA. Support at $15 gives me some cushion.

IAG Daily

ENER once again. Sell to open ENER Feb 14 calls in my taxable account. This will bring my cost basis down to $10.60. I closed the Feb 12 covered calls in my IRA a few days ago – just to clarify things. This trade is for a different account where my cost basis is much better.

I added a 1 year chart with daily bars to put this recent run-up into perspective. There is a lot of supply in that 13.50 area so I think there may be some consolidation. I am getting more bullish on ENER though. A pullback to that 50 or 100 day SMA and I will write some more puts.

ENER Daily 1 Year

I closed the Feb 12 strike covered calls on my ENER position I wrote back on December 23rd in my IRA. I decided to take the loss for now and not roll these calls up or forward. I will wait to see if ENER can keep the momentum going on this recent rally. I’m short the ENER Jan 11 puts in my taxable account.

It appears that ENER is in the process of making a bottom at or near the $10.50 area. It even looks like a mini reverse H&S pattern on the hourly chart. ENER closed near the highs and made a little flag at the end of the day unlike the previous rallies of the last few months where it sold off right away. However, ENER needs to get above 12 and make a new high on the daily chart before I get too bullish. A falling 50 and 100 day SMA makes this one guilty until proven innocent.

Many of the solar stocks are improving of late. I follow JASO and SOLR and they are on my “B” list right now.

ENER Hourly