The Institute for Options Research Free Optons Tools! Option Trading Tools! Books, videos and software for trading options! Your complete resource for options trading
Return Home About Us Free Tools Trading Tools Online Store Contact Us
June 22, 2017 
FREE SAMPLE

 

SUBSCRIBE!


SUBSCRIBE HERE

Report Key

Click here to view the
PUT & CALL TACTICIAN
report key

The Put & Call Tactician

Market Comment: Our indicators are giving slightly bullish to neutral readings as this trading range market continues. We should see some kind of rally this next week but again reduce your option buying activity in such a slow market..

 

 

Date:03-31-06

Next Report: 4-07-06


Below you can get Streaming Stock Quotes.

Institute for Options Research, Inc.
Web Calculator

Days 'til expiration:
Stock Price:
Strike Price:
Volatility: (in %)
Interest Rate: (in %)

Theoretical Price:



(c)Institute for Options Research Inc. 2000

To use our Option Calculator, make sure  to enter the volatility under the heading VL TY in the Option Stock Surveillance.

 

Option Xtreme Report

Click Above! Updated Daily

 

 

Our 2000 Track Record!

The results from all the Profit Box positions recommended in The Put & Call Tactician for the year 2000 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss price. or were able to get the corresponding option pirce in the Option Box at the end of the 3-week hold period. There were three exceptions where the stock price gapped up or down.

As with any track record, you cannot assume that present or future recommendations will equal past performance. Commissions are not included in these track rccord results.

A summary of the results shows that we recommended 188 positions. 49% were profitable. If you would have purchased one of each of the options, you would have invested $43,700 . Your profit before commissions would have been $13,700 or a 31% return for holding the position a maximum of three weeks. Here the annualized return would be over a 600% return. -----Ken Trester

Our 2001 Track Record!

The results from all the Profit Box positions recommended in The Put & Call Tactician for the year 2001 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period.

As with any track record, you cannot assume that present or future recommendations will equal past performance. Commissions are not included in these track rccord results.

A summary of the results shows that we recommended 169 positions. 44% were profitable. If you would have purchased one of each of the options, you would have invested $32,480 . Your profit before commissions would have been $5,700 or a 17.5% return for holding the position a maximum of three weeks. Here the annualized return would be a 251% return. Over 10 option positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal.-----Ken Trester

Our 2002 Track Record!

 

The results from all the Profit Box positions recommended in The Put & Call Tactician for the year 2002 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal option price or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period. These option prices were determine by their implied volatility at the start of the strategy.


. Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.

A summary of the results shows that we recommended 149 positions. 47% were profitable(the stock hit profit goal or was positive after the hold period). If you would have purchased one of each of the options, you would have invested $22,756 . Your profit before commissions would have been $2,935 or a 12.8% return for holding the position a maximum of three weeks. Here the annualized return would be a 221% return. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks gapped into the money showing much bigger gains than those reflected in the track record and several stocks moved much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period. .-----Ken Trester

Our 2003 Track Record!


The results from all the Profit Box short term positions and Long Term option positions recommended in The Put & Call Tactician for the year 2003 are listed below . This track record is theoretical and assumes that you were able to take profits at the profit goal option price or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period or parameters of the long term option plays. These option prices were determine by their implied volatility at the start of the strategy.

. Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


Long Term Options


A summary of the results for the long term options shows that we recommended 47 positions(13 are still active and not included in the record but did show an overall profit at the end of the year). 62.8% were profitable(the stock hit the profit goal ). If you would have purchased one of each of the options, you would have invested $7245. Your profit before commissions would have been $5025 or a 69.9% return . This is not an annualized return. That return would be much higher. Also much bigger profits would have been made if you held part of your position after the profit goal was hit.


Short Term Options


A summary of the results for our short term option plays shows that we recommended 113 positions. 52.2% were profitable(the stock hit profit goal or was positive after the hold period). If you would have purchased one of each of the options, you would have invested $14,370. Your profit before commissions would have been $3090 or a 21.5% return for holding the position a maximum of three weeks. Here the annualized return would be at least a 372% return. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks went much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
This year we introduced long term options and they generated much better returns than the short term positions. Such long term options have the big advantage of needing less trading and less attention.-----Ken Trester

Our 2004 Track Record!

The results from all the (Profit Box) short term positions and Long Term option positions recommended in The Put & Call Tactician for the year 2004 are listed below plus 2003 longer term options closed out in 2004 and not included in the 2003 track record.

This track record is theoretical and assumes that you were able to take profits at the profit goal option price (some options were priced after a gap up or down in the stock price and estimates were made when data was not available) or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period or parameters of the long term option plays. These option prices were determine by their implied volatility at the start of the strategy.

Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


Long Term Options


A summary of the results for the long term options shows that we recommended 44 positions(19 are still active and not included in the record, but 13 are included from 2003. 46% were profitable(the stock hit the profit goal or closed with a profit ). If you would have purchased one of each of the options, you would have invested $7594. Your
profit before commissions would have been $2235 or a 29.4% return . This is not an annualized return. That return would be much higher. Also bigger profits would have been likely if you held part of your position after the profit goal was hit with a trailing stop.


Short Term Options


A summary of the results for our short term option plays shows that we recommended 96 positions. 54% were profitable(the stock hit profit goal or was positive or even after the hold period). If you would have purchased one of each of the options, you would have invested $13,135. Your profit before commissions would have been $3663 or a 27.8% return for holding the position a maximum of three weeks. Here the annualized return would be at least a 467% return. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks went much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
-Ken Trester


Our 2005 Track Record

This track record is theoretical and assumes that you were able to take profits at the profit goal option price (one option was priced after a gap up in the stock price and estimates were made when data was not available) or exit at the stop-loss option price when the stock hit the profit goal or closed below the stop-loss stock price. or were able to get the corresponding option price in the Option Box at the end of the 3-week hold period or parameters of the long term option plays. These option prices were determine by their implied volatility at the start of the strategy.
Commissions are not included in these track record results. There is high risk in option trading. You can lose your whole investment. Our past results are theoretical no actual positions are taken. No representation is being made that any account will or is likely to achieve a profit. In fact, there are sharp differences between hypothetical performance and actual results. Some trading skill is needed to achieve good results. We advise all investors that it should not be assumed that present or future recommendations will be profitable or equal past performance.


A summary of the results for our plays shows that we recommended 119 positions including 8 longer term options. 55% were profitable(the stock hit profit goal or was positive or even after the hold period). If you would have purchased one of each of the options, you would have invested $15,031. Your profit before commissions would have been $4570 or a 30.4% return for holding the position a maximum of three weeks. Here the annualized return would been several hundred percent. As in previous years several positions almost hit their profit goal but eventually were stopped out. Therefore, be aggressive about taking profits on half of your position even if it does not hit the profit goal. Several stocks went much further beyond the profit goal. That is why it is important to let half of your position ride when you take profits with a trailing stop, even beyond the 3-week time period.
-Ken Trester

 

Option Profit Boxesâ

Our Option Profit Boxes are option selections, identified and generated by the computer.  They provide a detailed 3 week game plan where you exit at least part of your position if the profit goal is reached.( You may want to let part of your position ride with a trailing stop.) Exit your whole position if the stock closes beyond the stop-loss point or after holding the position for three weeks.

To select the best Option Profit Box strategies that are listed, checkout the Rating and the Expected Value. The higher the Rating and Expected Value the better the play.

We advise all readers that  it should not be assumed that present or future recommendations will be profitable or equal the performance of previous recommendations.  Subscribers should recognize that risk is involved in any option or security investment and they should not assume that any formula, method, chrart, theory or philosophy will result in profitable results or equal past performances.   This publication should only be used by sophisticated investors who are fully aware of the risks of options trading.

Our Option Profit Boxes are created by our software- The Push-Button Option Trader,  which you can purchase for $195.

 

** OPENING ACTION **   (for: AGERE SYS (AGR) Upside Strategy)
1. Buy AGERE SYS (AGR)Jun 15-CALL Options at  1  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 1.8.

STOCK  (OPTION)                                Implied Volatility: 34.2%
PRICE   PRICE                                  Delta: .531
 16.4    1.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 16.0    1.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 15.7    1.3 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 15.3    1.1 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 15.0    0.9 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 14.7    0.8 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 14.3    0.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 16%       Expected Value: $1.8
          Prob of Downside Exit: 42%       Rating: 95







** OPENING ACTION **   (for: COOPER IND (CBE) Upside Strategy)
1. Buy COOPER IND (CBE)Jul 90-CALL Options at  2.3  (or in entry zone)
2. After entry, place a 'Good Til Canceled' order to sell the options at 3.9.

STOCK  (OPTION)                                Implied Volatility: 18.6%
PRICE   PRICE                                  Delta: .386
 90.4    3.9 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 89.5    3.4 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 88.6    3.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 87.8    2.6 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |  Entry    |   |   |   |   |   |   |   |   |   |   |   |
 86.9    2.3 --|           +---+---+---+---+---+---+---+---+---+---+---|
               |  Zone     |   |   |   |   |   |   |   |   |   |   |   |
 86.0    2.0 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
 85.2    1.7 --+---+---+---+---+---+---+---+---+---+---+---+---+---+---|
               1   2   3   4   5   6   7   8   9  10  11  12  13  14  15
                      Trading Days After Recommendation

            Prob of Upside Exit: 25%       Expected Value: $11.2
          Prob of Downside Exit: 48%       Rating: 101




** CLOSING ACTION **
After you enter an Option Profit Box®, one of three possibilities can occur.
The daily plot of the underlying common stock can exit the Box at the TOP,
RIGHT SIDE, or BOTTOM. Your action and the end result of the trade is
detailed here:

  4. TOP EXIT (for Upside, or BOTTOM EXIT for Downside) - This is the intended
     closing action and will trigger the GTC order you placed in #2 above.
  5. RIGHT SIDE Exit - The time has expired in the trade. SELL the options.
     Be sure to cancel the GTC order entered in #2 above.
  6. BOTTOM EXIT (for Upside, or TOP EXIT for Downside) - This requires stop-
     loss action on your part. SELL the options at the market price the
     following trading day. Be sure to cancel the GTC order you entered
     in #2 above. 

OPTION STOCK SURVEILLANCE: 1
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                AEROSPACE/DEFENSE                                                   
    3 C/C/C BA   BOEING                  77.9     6     74     80  15  106 2/BACKNG AND FLLNG            
    1 C/D/C GD   GENERAL DYNAM           64.0   -48     62    132  12  104 2/BACKNG AND FLLNG            
    1 C/C/C LMT  LOCKHEED MARTIN         75.1     3     72     77  12  104 2/BACKNG AND FLLNG            
    2 C/C/B NOC  NORTHROP                68.3     5     66     71  13  104 2/BACKNG AND FLLNG            
   -3 C/C/C UTX  UNITED TECHNOLOGIE      58.0    -2     58     60  15  100 2/TRENDING DOWN               

                                     AIRLINES                              +                        
    6 A/C/A AMR  AMERICAN AIRLINES       27.1     5     25     28  51  110 2/STRNG BUT TOPNG             
  -13 F/D/F DAL  DELTA AIRLINES           0.6     0             1  32   86 3/AMONG WEAKEST               
   -4 D/A/F JBL  JET BLUE(JBLU)          10.7    -4     11     11  82   94 4/WEAK BUT LVLING             
    5 A/C/C LUV  S W AIRLINES            18.0     8     17         13  105 1/EXCELLENT BUYING            
   -4 D/C/D U    U S AIR                  3.2     0             3   5   97 3/GUARDED                     

                     ----            ALUMINUM                              
    1 C/C/C AA   ALCOA                   30.6     2     30         23  101 1/*BUY WATCH*                 

                                    AUTOMOBILE                             +                        
    2 C/C/B DCX  DAIMLER/CHRYSLER        57.4     3     57     59  24  102 2/QUIET                       
   -3 C/B/F F    FORD MOTOR               8.0    -3             8  31   96 3/RECONFRMD *SELL*            
   -4 D/C/F GM   GENERAL MOTORS          21.3     4     22     25  50   97 2/TRENDING DOWN               

OPTION STOCK SURVEILLANCE: 2
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                      ---             BANKS                                
   -3 C/D/C BAC  BANKAMERICA             45.5     1     45     48  13  100 2/QUIET                       
   -1 C/C/C C    CITIGROUP               47.2     1     47     49  17  101 2/QUIET                       
    0 C/C/C JPM  MORGAN J P              41.6     2     41     43  13  102 2/QUIET                       

                      ---           BEVERAGE                               
   -1 C/C/D BUD  ANHEUSER BUSCH          42.8     3     42     44  13  102 2/QUIET                       
   -3 D/D/C KO   COCA COLA               41.9    -1            42  13  100 3/*SELL WATCH*                
   -6 F/D/C PEP  PEPSI                   57.8    -4            59   9   98 3/*SELL WATCH*                

                  -------           BROKERAGE                              
    4 C/C/B BSC  BEAR STERNS            138.7     4    131    139  16  106 2/BACKNG AND FLLNG            
   -2 C/C/C SCH  CHARLES SCHWAB          14.8     0            15  17   99 3/DRIFTING                    
   10 A/A/C AGE  EDWARDS                 49.9     9     46         17  108 1/*BUY WATCH*                 
    1 C/D/A MER  MERRILL LYNCH           78.8     4     76     79  14  104 2/QUIET                       

                                 BUILDING MATERIALS                        ++++++                   
    4 C/C/D PPG  P P G INDUSTRIES        63.4     7     60     64  17  105 2/BACKNG AND FLLNG            

                               BROADCASTERS & MEDIA                        ++++++++                 
   -6 F/C/C VIA  VIACOM                  38.8    -6     39     41  44   94 4/WEAK BUT LVLING             
  -13 F/F/F TRB  TRIBUNE CO              27.4   -11            30  20   92 3/AMONG WEAKEST               

OPTION STOCK SURVEILLANCE: 3
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

-------------------------        CHEMICALS - GENERAL                       
    4 C/C/C APD  AIR PRODUCTS            67.2     5     64     68  15  105 2/BACKNG AND FLLNG            
    1 C/C/D TYC  TYCO INTL               26.9     6     26         27  102 1/EMERGING                    
   -8 F/D/D DOW  DOW CHEMICAL            40.6    -7            43  17   96 3/A PROBLEM STOCK             
    2 C/C/D DD   DUPONT                  42.2     4     41     44  18  103 2/QUIET                       
   17 A/A/A GRA  GRACE                   13.3    34     12         75  116 1/A POWERHOUSE                
   11 A/B/D HPC  HERCULES                13.8    14     13         26  110 1/A POWERHOUSE                

                               CHEMICALS - FERTILIZER                      ++++++++++               
   -1 C/A/C WMB  WILLIAMS CO             21.4    -2     21     22  30   96 4/LABORING                    

                      ---        COMMODITIES                               
   -2 C/C/D CL   CRUDE OIL               56.2     0            56  10  100 3/DRIFTING                    
    3 C/C/D HO   HEATING OIL              2.0     6      2      3  24  100 2/QUIET                       
   -9 F/C/C LC   CATTLE                  82.3    -6            88  13   93 3/RECONFRMD *SELL*            
   -1 C/D/C CT   COTTON                  58.1    -4     57     62  34  103 2/QUIET                       
    0 C/C/C KC   COFFEE                 115.4    -4    112    126  47  103 2/QUIET                       
   10 A/A/A HG   COPPER                 237.5    14    219         22  109 1/A POWERHOUSE                
  -10 F/C/C LH   LIVE HOGS               52.1    -5     54     57  28   92 4/WEAK BUT LVLING             
   -2 C/D/C PB   PORK BELLIES            88.6     0     86     90  19  103 2/QUIET                       
    9 A/B/B JO   ORANGE JUICE           139.1     9    129         10  108 1/A POWERHOUSE                
    6 A/F/A SB   SUGAR                   16.7    -5     15     19  99  114 2/STRNG BUT TOPNG             
    7 A/C/B GC   GOLD                   603.2     6    559         24  108 1/REESTABL*BUY*               
   -3 D/C/F SM   SOYBEAN MEAL           180.8    -2    182    187  18   97 4/LABORING                    
   -2 C/C/B SI   SILVER                 886.6     0           887  16  100 3/DRIFTING                    
    1 C/C/C CC   COCOA                 1570.0     3   1536   1618  24  102 2/QUIET                       

OPTION STOCK SURVEILLANCE: 4
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                 COMMODITIES I                                                      

                     ----    COMPUTERS - LARGE                             
    5 A/C/D ORC  ORACLE CORP(ORCL)       13.7    11     13     15  20  105 2/BACKNG AND FLLNG            
   -5 D/F/D EMC  EMC CORP                13.6    -1            14  16   99 3/*SELL WATCH*                
    3 C/C/C HON  HONEYWELL               42.8     4     41     44  20  105 2/BACKNG AND FLLNG            
   -1 C/C/C IBM  I B M                   82.5     3     82     84  14  101 2/QUIET                       
    7 A/C/C NCR  N C R                   41.8     7     39         23  107 1/REESTABL*BUY*               

                           COMPUTERS - SMALL & OFFICE EQUIP                ++                       
    4 C/C/B COM  3COM (COMS)              5.1    11      5      6  35  102 2/BACKNG AND FLLNG            
    7 A/C/C CSC  CISCO SYS(CSCO)         21.7    11     20     23  24  107 2/STRNG BUT TOPNG             
   -6 F/F/A BRC  BROADCOM (BRCM)         43.2    -5            44  45   98 3/GUARDED                     
    0 C/B/F DEL  DELL COMP(DELL)         29.8     3     30     30  21  100 4/IMPROVING                   
    5 A/B/D LU   LUCENT TECH              3.1     7      3      4  25  103 2/BACKNG AND FLLNG            
   11 A/B/C SUN  SUN MICRO(SUNW)          5.1    19      5         27  109 1/A POWERHOUSE                
    2 C/C/C MMM  M M M                   75.7     3     74         14  102 1/QUIET                       
   21 A/B/A PAL  PALM(PALM)              23.2   -41     20         44  117 1/REESTABL*BUY*               
   -1 C/C/D PBI  PITNEY BOWES            42.9     0     42     43  12  100 4/IMPROVING                   
   -8 F/C/A AAP  APPLE COMP(AAPL)        62.7   -13     61     68  45   92 4/WEAK BUT LVLING             
    6 A/C/C NOK  NOKIA CORP              20.7    10     19     22  20  107 2/BACKNG AND FLLNG            
   -3 D/C/D CA   COMPUTER ASSO INTL      27.2    -1     28     28  13   99 4/LABORING                    
   -1 C/C/C MSF  MICROSOFT (MSFT)        27.2     2     27     29  15  100 2/TRENDING DOWN               
    1 C/C/C XRX  XEROX                   15.2     2     15     16  15  102 2/QUIET                       

OPTION STOCK SURVEILLANCE: 5
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                CONSTRUCTION - PLANT                       ++++                     
   -1 C/C/C PCA  PACCAR (PCAR)           70.5     2     70         20  100 1/QUIET                       
   -1 C/C/A FLR  FLUOR                   85.8     1     85         26  102 1/QUIET                       
  -12 F/F/D RGS  REGIS                   34.5   -10            38  20   91 3/AMONG WEAKEST               
    6 A/B/A MDR  MCDERMOTT               54.5     7     51         34  107 1/EXCELLENT BUYING            

                     ----              COAL                                
   20 A/B/C HYC  HYPERCOM                 9.3    26      8         32  118 1/A POWERHOUSE                

                               CONGLOMERATES/MULTILINE                     +++++++++++++++++++++++++
    4 A/C/F CD   CENDANT                 17.4    11     17         27  104 1/EXCELLENT BUYING            
    0 C/C/C OLN  OLIN CORP               21.5     2     21     23  15  102 2/QUIET                       
    4 A/C/A GLW  CORNING GLASS           26.9    10     25     29  34  106 2/STRNG BUT TOPNG             
    3 C/B/D CAG  CONAGRA                 21.5     5     21         21  103 1/*BUY WATCH*                 
    2 C/D/A HSC  HARSCO                  82.6     3     79     85  18  105 2/BACKNG AND FLLNG            
   -2 C/C/F FLE  FLEXTRONICS(FLEX)       10.4    -1     11     11  21   99 4/LABORING                    
   -7 F/C/D TGT  TARGET                  52.0    -5            54  16   96 3/A PROBLEM STOCK             

                                 CURRENCIES                                                         
  -10 F/D/F BP   BRITISH POUND            1.7    -6             2  27   89 3/AMONG WEAKEST               
   -7 F/C/F JY   J  YEN                   1.2     0             1  13   92 3/AMONG WEAKEST               

OPTION STOCK SURVEILLANCE: 6
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

-------------------------               DRUGS                              
   -9 F/D/B CVH  COVENTRY HEALTH         54.0    -9            58  27   94 3/AMONG WEAKEST               
   -1 C/C/A ELN  ELAN CORP               14.4     2            15  60   99 3/*SELL WATCH*                
   13 A/A/C IMM  IMMUNOMED(IMMU)          3.0     8      3         63  100 1/*BUY WATCH*                 
    4 C/B/D BMY  BRISTOL MEYERS          24.6     7     23         22  105 1/EXCELLENT BUYING            
   -6 F/D/C LLY  LILLY ELI               55.3    -2     57     60  16   97 2/TRENDING DOWN               
   -2 C/C/C MRK  MERCK                   35.2    -1     35     37  23  100 2/QUIET                       
    4 C/C/C NVO  NOVO IND                62.1     7     59     64  15  106 2/BACKNG AND FLLNG            
   -8 F/F/D PFE  PFIZER                  24.9    -5            26  31   97 3/*SELL WATCH*                
   -1 C/B/D SGP  SCHERING PLGH           19.0     0     19     19  22   99 4/IMPROVING                   
   -9 F/D/C IMC  IMCLONE SYS(IMCL)       34.0   -11            36  21   95 3/AMONG WEAKEST               
   -3 C/D/B BII  BIOGEN (BIIB)           47.1    -3     47     50  23  101 2/TRENDING DOWN               

                      ---         ELECTRICAL - MAJOR                       
   -2 C/D/B EMR  EMERSON ELECTRIC        83.6     1     82     87  16  102 2/QUIET                       
    3 C/C/C GE   GENERAL ELEC            34.8     5     34         13  103 1/QUIET                       
    1 C/C/C HIT  HITACHI                 70.8     4     70         24  102 1/QUIET                       

OPTION STOCK SURVEILLANCE: 7
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                   ELECTRONICS                             +                        
    5 A/C/B JCI  JOHNSON CONTROLS        75.9    10     72     78  22  106 2/BACKNG AND FLLNG            
    2 C/A/A HRS  HARRIS CORP             47.3    -2     44     47  25  101 4/IMPROVING                   
   15 A/B/A SLA  SILICON LABS            55.0    19     49         56  113 1/A POWERHOUSE                
  -10 F/C/C MDT  MEDTRONIC               50.8    -7            55  15   93 3/RECONFRMD *SELL*            

                              ELECTRONICS - INSTRUMENTS                    +++++                    
    0 C/D/A HPQ  HEWLETT PACKRD          32.9     2     33     35  24  101 2/QUIET                       
   -1 C/C/C PKI  PERKIN ELMER            23.5    -2     23     25  15  101 2/TRENDING DOWN               
   12 A/C/A TEK  TEKTRONICS              35.7    16     32         41  111 1/A POWERHOUSE                

                           ELECTRONICS - TELECOMMUNICATION                 +++++++                  
   -1 C/D/B EDS  ELECT DATA SYS          26.8     1     27     29  18  101 2/QUIET                       
    3 C/C/C DIS  ECHOSTAR(DISH)          29.9     6     29         17  104 1/EMERGING                    
    1 C/C/F JNP  JUNIPER NET(JNPR)       19.1     8     19         41  100 1/QUIET                       
   21 A/D/A JDS  JDS UNIPHASE(JDSU)       4.2    41      4         54  117 1/A POWERHOUSE                
    4 A/B/C NT   NORTHERN TELECOM         3.1    11      3         29  100 1/*BUY WATCH*                 
   -5 F/C/A SNE  SONY                    46.1    -3            47  40   98 3/GUARDED                     

OPTION STOCK SURVEILLANCE: 8
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                FINANCIAL - NON BANK                       ++++++++                 
   -5 D/D/C AXP  AMERICAN EXPRESS        52.6    -4            54  16   98 3/GUARDED                     
    2 C/C/C ACF  AMERICREDIT             30.7     6     29     32  17  104 2/BACKNG AND FLLNG            
   -9 F/D/C CIN  CINCINNATI FIN(CINF)    42.1    -6            44  12   95 3/*SELL WATCH*                
  -12 F/D/D FNM  FEDERAL NAT MTGE        51.4   -10            55  28   94 3/AMONG WEAKEST               
  -11 F/C/F HRB  BLOCK H R               21.7   -14            24  27   92 3/AMONG WEAKEST               
   -1 C/C/C TY   TRI CONTINENTAL COR     20.2     2     20     21   9  101 2/QUIET                       

         ----------------         FOOD - PROCESSORS                        
    2 C/D/A ADM  ARCHER DANIELS          33.7     9     32     36  21  107 2/STRNG BUT TOPNG             
   -5 F/D/F CQB  CHIQUITA BRANDS         16.8     1            18  31   95 3/RECONFRMD *SELL*            
    2 C/C/B IAR  INTEGRA                 41.0     2     39         21  104 1/REESTABL*BUY*               
    0 C/D/C HNZ  HEINZ                   37.9     2     36     39  12  104 2/QUIET                       
   -5 D/D/C K    KELLOGG                 44.0    -3            44  10   99 3/*SELL WATCH*                
   -3 C/C/D SLE  SARA LEE                17.9     1     18     20  14   98 2/TRENDING DOWN               

                      ---       FOOD - RESTAURANTS                         
   -5 D/C/C MCD  MCDONALDS               34.4    -4            36  14   97 3/A PROBLEM STOCK             
   22 A/C/C KKD  KRISPY KREME             9.0    31      7     10  61  123 2/STRNG BUT TOPNG             
    5 A/C/A SBU  STARBUCKS(SBUX)         37.6     4     35     38  21  107 2/BACKNG AND FLLNG            
    0 C/F/B WEN  WENDYS                  62.1     7     60     66  22  104 2/BACKNG AND FLLNG            

OPTION STOCK SURVEILLANCE: 9
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                             FOREST PRODUCTS & PAPER                       +++++++++++++            
   -2 C/C/A GP   GEORGIA PAC             48.1     0            48  51  100 3/DRIFTING                    
    1 C/C/C IP   INTL PAPER              34.6     3     34     36  17  103 2/QUIET                       
   -3 C/B/C LPX  LOUSIANA PAC            27.2    -5     26     28  30   98 4/LABORING                    
    2 C/C/C WY   WEYERHAUSER             72.4     6     70     74  14  103 2/BACKNG AND FLLNG            

                       --          HOTEL/GAMING                            
    5 A/C/C HET  HARRAHS ENT             78.0     9     74         16  105 1/EXCELLENT BUYING            
    4 C/A/C HLT  HILTON HOTELS           25.5     5     25         27  103 1/QUIET                       
   36 A/A/C SHF  SHUFFLE M(SHFL)         35.7    43     27         51  132 1/A POWERHOUSE                

                                HOSPITAL MANAGEMENT                        +++++++++++++++++++++++++
   -2 C/C/C BME  BIOMET (BMET)           35.5    -3     35     36  24   98 4/LABORING                    
   -2 C/C/D BEV  BEVERLY ENTERPRISES     12.5     1     13     14   6  100 2/TRENDING DOWN               
   -1 C/B/B HUM  HUMANA                  52.7    -3     51     53  38   99 4/LABORING                    

                      ---        HOSPITAL SUPPLY                           
   -5 F/D/D ABT  ABBOTT LABS             42.5    -3            43  22   98 3/*SELL WATCH*                
   -1 C/D/C BCR  BARD C R                67.8     2     66     71  16  103 2/QUIET                       
    0 C/C/C BAX  BAXTER TRAVENOL         38.8     2     38     40  15  102 2/QUIET                       
   -6 F/C/C BDX  BECTON DICKENSON        61.6    -6            64  19   97 3/A PROBLEM STOCK             
   -2 C/C/D JNJ  JOHNSON JOHNSON         59.2     2     59     62  12  100 2/TRENDING DOWN               

OPTION STOCK SURVEILLANCE: 10
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                   ------    HOUSING/MOBILE HOMES                          
   -1 C/C/C FLE  FLEETWOOD ENTR          11.2    -2     11     11  24   98 4/LABORING                    
    2 C/C/C SKY  SKYLINE                 41.4     5     41         25  102 1/REESTABL*BUY*               

                                  INSURANCE                                                         
   -7 F/D/B AET  AETNA LIFE              49.1    -7            50  22   99 3/*SELL WATCH*                
    1 C/C/C AZN  ASTRAZENECA             50.2     9     48     53  23  104 2/BACKNG AND FLLNG            
   -4 D/C/C AIG  AMERICAN INTL GP        66.1    -2            67  15   98 3/*SELL WATCH*                
    2 C/C/B CI   CIGNA                  130.6     6    124    134  18  105 2/BACKNG AND FLLNG            

                     ----        INTERNET                                  
   -5 F/C/C TWX  TIME WARNER             16.8    -3            18  15   95 3/A PROBLEM STOCK             
    7 A/A/F GOO  GOOGLE(GOOG)           390.0     4    381         49  102 1/*BUY WATCH*                 
    1 C/B/A ATM  ATMEL CORP(ATML)         4.7     0      5      6  45  102 2/QUIET                       
   -9 F/F/A ARB  ARIBA(ARBA)              9.8    -6            10  37   99 3/*SELL WATCH*                
   -6 F/F/A BRC  BROADCOM (BRCM)         43.2    -5            44  45   98 3/GUARDED                     
   -3 C/B/C EBA  EBAY(EBAY)              39.0    -6     38     41  26   96 4/WEAK BUT LVLING             
   23 A/A/A FDR  FOUNDRY NET(FDRY)       18.2    34     16         40  117 1/A POWERHOUSE                
   -4 D/C/D AMZ  AMAZON.COM(AMZN)        36.5    -4     36     39  38   94 4/WEAK BUT LVLING             
   -1 C/B/C HHH  INTERNET TRUST          58.2    -3     57     60  22   98 4/LABORING                    
    6 A/C/B QCO  QUALCOM(QCOM)           50.6     8     48         21  105 1/EXCELLENT BUYING            
    0 C/A/D YHO  YAHOO CORP (YHOO)       32.3    -3     31     33  40   99 4/LABORING                    

OPTION STOCK SURVEILLANCE: 11
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                LEISURE TIME                               +                        
   -2 C/C/D BDK  BLACK DECKER            86.9     2     86     91  13  101 2/QUIET                       
    0 C/C/F BC   BRUNSWICK               38.9    -2     37     39  24  101 4/IMPROVING                   
   -1 C/D/C DIS  DISNEY                  27.9     1     27     30  19  103 2/QUIET                       
   -2 C/F/C EK   EASTMAN KODAK           28.4     2     27     31  33  105 2/BACKNG AND FLLNG            
    6 A/C/D MAT  MATTEL                  18.1     6     17     19  26  107 2/BACKNG AND FLLNG            
   -8 F/D/F PRD  POLAROID                 1.0     0             1  15   91 3/AMONG WEAKEST               

                       --       MACHINERY - FARM                           
    2 C/C/C DE   DEERE                   79.1     2     76     79  23  105 2/BACKNG AND FLLNG            

                                 THE MARKETS                               +++                      
   -1 C/C/C $SP  S&P 500 INDEX         1294.8     1   1284   1308   8  101 2/QUIET                       
   -2 C/C/C $IN  DOW INDUST           11109.3     1  11022  11281   8  101 2/QUIET                       
    1 C/C/C $MI  S&P MIDCAP 400         792.1     2    775         10  102 1/QUIET                       
    1 C/C/C $ND  NASDAQ 100 INDEX      1703.7     2   1678         13  102 1/*BUY WATCH*                 
    1 C/C/C QQQ  NASDAQ 100(QQQQ)        41.9     2     41         13  101 1/*BUY WATCH*                 
   -1 C/C/C $OE  S & P 100 INDEX        587.8     1    583    595   7  101 2/QUIET                       

OPTION STOCK SURVEILLANCE: 12
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                        -      MACHINERY - INDUSTRIAL                      
   -3 C/D/A CAT  CATEPILLAR              71.8    -1     71     77  24  102 2/QUIET                       

                   ------          MINING - GOLD                           
    7 A/A/A ASA  A S A                   65.0     5     62         39  104 1/*BUY WATCH*                 
   -4 D/C/D BMG  BATTLE MTN GOLD          3.4     0             4   5   97 3/GUARDED                     
   -1 C/B/C ABX  AM BARRICK RES          27.2    -1     27     28  26   96 4/LABORING                    

                        -        MINING - GENERAL                          
   -3 C/C/A AMX  AMAX                    34.3    -4     34     37  29  100 2/TRENDING DOWN               
   -1 C/C/C ZBR  ZEBRA TECH(ZBRA)        44.7     2     45     47  22  100 2/QUIET                       
   -3 D/C/B EC   ENGELHARD CORP          39.6    -2            40  36   99 3/GUARDED                     
   -1 C/C/F BSX  BOSTON SCIENTIFIC       23.1    -5     23     26  32  100 2/TRENDING DOWN               
   -3 D/A/B NEM  NEWMONT MINING          51.9    -9     49     54  41   95 4/WEAK BUT LVLING             
   12 A/A/A PD   PHELPS DODGE            80.5   -43     74         46  108 1/A POWERHOUSE                

                                  NATURAL GAS                                                       
    5 A/B/A VLO  VALERO                  59.8     9     57         39  105 1/EXCELLENT BUYING            

                                   OIL - DOMESTIC                          +++++++++++              
   -2 C/C/B AHC  AMERADA HESS           142.4     1    139    143  23  100 4/IMPROVING                   
   -5 D/B/C APA  APACHE CORP             65.5    -4     65     69  20   95 4/LABORING                    
    8 A/B/C ASH  ASHLAND OIL             71.1     9     66         22  107 1/EXCELLENT BUYING            
   -5 F/C/B KMG  KERR MCGEE              95.5    -4     93     99  25   96 4/LABORING                    
  -12 F/D/B ADB  ADOBE SYS(ADBE)         35.0   -10            38  23   92 3/AMONG WEAKEST               
   -2 C/A/D PPP  POGO PRODUCING          50.3    -2     47     52  27   97 4/LABORING                    
   -4 D/C/B SUN  SUN COMPANY             77.6     2     73     81  37   96 4/LABORING                    

OPTION STOCK SURVEILLANCE: 13
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                   ------        OIL - INTERNATIONAL                       
  -13 F/D/D DYN  DYNEGY                   4.8   -12             5  32   89 3/AMONG WEAKEST               
    7 A/A/F GOO  GOOGLE(GOOG)           390.0     4    381         49  102 1/*BUY WATCH*                 
    0 C/C/C XOM  EXXON                   60.9     2     61         14  100 1/QUIET                       
    0 C/C/C OXY  OCCIDENTAL PET          92.7     4     91     96  23  101 2/QUIET                       

                      ---          OIL SERVICE                             
    1 C/B/A HAL  HALIBURTON              73.0     4     73         35  100 1/*BUY WATCH*                 
    6 A/A/B RDC  ROWAN COS               44.0     8     42         35  104 1/EXCELLENT BUYING            
    4 C/C/A SLB  SCHLUMBERGER           126.6     9    121         32  104 1/EMERGING                    

                                PERSONAL CARE/SOAP                         +++++++                  
    7 A/C/F AVP  AVON PRODUCTS           31.2    11     29         26  107 1/EXCELLENT BUYING            
   -9 F/D/F BOL  BAUSCH LOMB             63.7    -9            69  30   93 3/AMONG WEAKEST               
   -5 D/D/C CLX  CLOROX                  59.9    -2            61  16   98 3/*SELL WATCH*                
    0 C/D/C CL   COLGATE                 57.1     5     56     59  15  102 2/QUIET                       
  -10 F/C/F PPC  PILGRIMS PRIDE          21.7   -10            24  48   92 3/RECONFRMD *SELL*            
   -3 C/D/D IFF  INTL FLAVORS            34.3    -1     34     36  10  100 2/TRENDING DOWN               
   -8 F/F/C PG   PROCTOR GAMBLE          57.6    -7            60  13   96 3/A PROBLEM STOCK             

OPTION STOCK SURVEILLANCE: 14
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                ---------          RAILROADS                               
    5 A/B/A BNI  BURLINGTON NORTH        83.3     5     79         24  106 1/REESTABL*BUY*               
    7 A/C/B CSX  C S X                   59.8    10     55         21  108 1/A POWERHOUSE                
    5 A/C/A NSC  NORFOLK SOUTHERN        54.1     8     51     55  28  107 2/BACKNG AND FLLNG            
    5 A/C/B UNP  UNION PACIFIC           93.4     6     88         22  106 1/EXCELLENT BUYING            

                                   RETAILERS                               +++++++++++++            
   -4 D/C/D AMZ  AMAZON.COM(AMZN)        36.5    -4     36     39  38   94 4/WEAK BUT LVLING             
    3 C/C/C BBY  BEST BUY                55.9     3     53     58  37  105 2/BACKNG AND FLLNG            
    1 C/D/C COS  COSTCO (COST)           54.2     7     52     57  15  104 2/BACKNG AND FLLNG            
    0 C/C/C HD   HOME DEPOT              42.3     2     41     44  18  102 2/QUIET                       
   -7 F/D/C JWN  NORDSTROM               39.2    -3            41  18   96 3/*SELL WATCH*                
    0 C/F/C JCP  PENNY J C               60.4     6     58     64  20  103 2/BACKNG AND FLLNG            
    1 C/C/D WMT  WAL-MART STORES         47.2     4     46     49  15  102 2/QUIET                       

                       --        SAVING & LOAN                             
   -1 C/C/C WFS  WASH FED(WFSL)          24.2     3     24         12  100 1/QUIET                       
   -7 F/D/C GDW  GOLDEN WEST FIN         67.9    -5            70  20   97 3/*SELL WATCH*                

OPTION STOCK SURVEILLANCE: 15
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                ---------        SEMICONDUCTORS                            
    3 C/C/D AVT  AVNET                   25.4     1     25     25  23  102 4/IMPROVING                   
   -8 F/C/C AMA  APPLIED MAT(AMAT)       17.5    -9            19  30   93 3/AMONG WEAKEST               
  -18 F/D/A AMD  A M D                   33.2   -18            38  39   88 3/AMONG WEAKEST               
   -5 D/B/F INT  INTEL (INTC)            19.5    -4     20     21  34   95 4/WEAK BUT LVLING             
   -3 D/B/A MSC  MICROSEMI               29.1    -5            30  38   98 3/RECONFRMD *SELL*            
   21 A/A/A RMB  RAMBUS(RMBS)            39.3    23     33         96  121 1/A POWERHOUSE                
    5 A/B/C MOT  MOTOROLA                22.9     6     22         24  104 1/EMERGING                    
   24 A/A/A NVD  NVIDIA (NVDA)           57.3    26     48         35  120 1/A POWERHOUSE                
   -2 C/C/B CY   CYPRESS SEMICONDUCT     17.0     3     17     19  31  100 2/QUIET                       
   -5 D/D/B QLG  QLOGIC (QLGC)           19.4   -51            20  21   98 3/GUARDED                     
    8 A/A/C TXN  TEXAS INSTRMNT          32.5     9     31         25  105 1/*BUY WATCH*                 

                                SERVICE COMPANIES                          ++                       
   -6 F/C/F XLN  XILINX (XLNX)           25.5    -5     26     27  32   95 4/LABORING                    
    3 C/C/C UPS  NITED PARCEL SERVICE    79.4     6     77         14  104 1/EMERGING                    
    1 C/D/B CSC  COMPUTER SCIENCE        55.6     5     54     58  31  104 2/BACKNG AND FLLNG            
    3 C/C/F SYY  SYSCO CORP              32.1     8     31         15  104 1/EXCELLENT BUYING            
    3 C/D/B FDX  FEDERAL EXPRSS         112.9     6    107    116  20  106 2/BACKNG AND FLLNG            

OPTION STOCK SURVEILLANCE: 16
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                 SOFTWARE                                                           
   -1 C/C/C MSF  MICROSOFT (MSFT)        27.2     2     27     29  15  100 2/TRENDING DOWN               
   -3 D/C/D CA   COMPUTER ASSO INTL      27.2    -1     28     28  13   99 4/LABORING                    
    9 A/C/B NTA  NETWORK APPL(NTAP)      36.0    11     33         25  109 1/A POWERHOUSE                
   -5 D/D/C BMC  BMC SOFTWARE(BMC)       21.7    -3            22  16   98 3/GUARDED                     

                       --            STEEL                                 
    2 C/C/A X    U S STEEL               60.7     6     58     63  42  105 2/BACKNG AND FLLNG            

                                   TIRE & RUBBER                           +++                      
   -7 F/C/F CTB  COOPER TIRE             14.3    -5     15     15  26   95 4/LABORING                    
   -1 C/A/F GT   GOODYEAR TIRE           14.5    -1     14     15  45   95 4/LABORING                    

                ---------        TEXTILE/APPAREL                           
   -3 C/C/C NKE  NIKE                    85.1    -2     85     88   9  100 2/TRENDING DOWN               

                   ------          TOBACCO                                 
    3 C/C/B LTR  LOEWS CORP             101.2     7     98         13  103 1/EMERGING                    
   -7 F/D/C MO   PHILLIP MORRIS          70.9    -4            73  16   97 3/RECONFRMD *SELL*            

                     ----     UTILITIES - COMMUNICATION                    
   -3 D/C/A T    AMERICAN TEL TEL        27.0    -4            27  36  100 3/*SELL WATCH*                
    5 A/F/B BLS  BELL SOUTH              34.7    10     32     36  23  109 2/STRNG BUT TOPNG             
    3 C/D/A Q    QWEST                    6.8     8      7      8  25  105 2/BACKNG AND FLLNG            
   -1 C/C/C VZ   VERIZON                 34.1     1     34     36  18  101 2/QUIET                       

OPTION STOCK SURVEILLANCE: 17
3/31/06                             ************ TECHNICAL DATA **************
  PWR GRADE SYM     SECURITY             CUR    PCT    SUP    RES  VL % 50 TECHNICAL CODE/
  IDX S/I/L BOL                         PRICE   CHG    PRT    TCE  TY  DAY  &TECHNICAL COMMENT

                                UTILITIES - ELECTRIC                                                
   -6 F/C/D SO   SOUTHERN COMPANY        32.8    -4            34  11   97 3/A PROBLEM STOCK             
   -9 F/C/C D    DOMINION RES            69.0    -8            74  16   93 3/RECONFRMD *SELL*            

================================================================

Disclaimer: The information contained herein has been obtained from sources believed to be reliable, but there is no guarantee it is accurate or complete and it should not be relied upon.

The output is based on mathematical calculations and should not be used as a sole means of making investment decisions.

POWER OPTION PLAYS

The options listed below are computer selected, based on the price action of the underlying stock. Avoid paying more than the option price listed, for that price is the fair, theorectical value for the option. If an option is not available at the expiration month listed, go to the next month. For example, if the recommended option is the IBM September 100 call, but a September option is not traded, select the October 100 call.

To get option quotes, we suggest going to www.cboe.com and clicking on Market Quotes or www.bigcharts.com and clicking on "option chain".

We suggest holding each option position a maximum of 3 weeks and our option analysis is based on that hold period. But if you can get a low priced option you may wish to hold it for a longer period.

----------

Buy FORD MOTOR (F) Jun 7.5 Put options at 0.2 or lower (Stock Price = 8.0). After entry, take profits if the stock price hits 7.4 (option price = 0.4). Exit if the stock price closes above 8.3 (option price = 0.1).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 47%

Historical Volatility 31%: Delta .287: : Rating 72: Expected Val $-1.30

----------

Buy COCA COLA (KO) Jun 40 Put options at 0.3 or lower (Stock Price = 41.9). After entry, take profits if the stock price hits 40.7 (option price = 0.6). Exit if the stock price closes above 42.5 (option price = 0.2).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 50%

Historical Volatility 13%: Delta .206: : Rating 91: Expected Val $-0.20

----------

Buy PEPSI (PEP) Jun 55 Put options at 0.1 or lower (Stock Price = 57.8). After entry, take profits if the stock price hits 57.1 (option price = 0.2). Exit if the stock price closes above 58.1 (option price = 0.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 42%

Historical Volatility 9%: Delta .091: : Rating 161: Expected Val $2.10

----------

Buy TRIBUNE CO (TRB) Jun 25 Put options at 0.2 or lower (Stock Price = 27.4). After entry, take profits if the stock price hits 26.0 (option price = 0.5). Exit if the stock price closes above 28.1 (option price = 0.1).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 42%

Historical Volatility 20%: Delta .146: : Rating 102: Expected Val $0.30

----------

Buy DOW CHEMICAL (DOW) Jun 40 Put options at 1.0 or lower (Stock Price = 40.6). After entry, take profits if the stock price hits 39.0 (option price = 1.9). Exit if the stock price closes above 41.4 (option price = 0.7).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 48%

Historical Volatility 17%: Delta .411: : Rating 88: Expected Val $-0.90

----------

Buy CRUDE OIL (CL) Jun 55 Put options at 0.5 or lower (Stock Price = 56.2). After entry, take profits if the stock price hits 55.5 (option price = 0.7). Exit if the stock price closes above 56.5 (option price = 0.4).

Probability of hitting Profit Goal 33%: Probability of hitting Stop Loss 52%

Historical Volatility 10%: Delta .304: : Rating 102: Expected Val $1.40

----------

Buy CATTLE (LC) Jun 80 Put options at 1.0 or lower (Stock Price = 82.3). After entry, take profits if the stock price hits 80.0 (option price = 1.9). Exit if the stock price closes above 83.5 (option price = 0.7).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 52%

Historical Volatility 13%: Delta .309: : Rating 104: Expected Val $4.20

----------

Buy SILVER (SI) Jun 885 Put options at 25.2 or lower (Stock Price = 886.6). After entry, take profits if the stock price hits 851.1 (option price = 45.9). Exit if the stock price closes above 904.3 (option price = 17.7).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 44%

Historical Volatility 16%: Delta .476: : Rating -10: Expected Val $-40.20

----------

Buy EMC CORP (EMC) Jun 12.5 Put options at 0.1 or lower (Stock Price = 13.6). After entry, take profits if the stock price hits 13.1 (option price = 0.2). Exit if the stock price closes above 13.9 (option price = 0.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 49%

Historical Volatility 16%: Delta .154: : Rating 157: Expected Val $2.10

----------

Buy BROADCOM (BRCM) (BRC) Jun 40 Put options at 2.1 or lower (Stock Price = 43.2). After entry, take profits if the stock price hits 38.5 (option price = 4.1). Exit if the stock price closes above 45.5 (option price = 1.5).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 52%

Historical Volatility 45%: Delta .318: : Rating 105: Expected Val $16.80

----------

Buy REGIS (RGS) Jun 30 Put options at 0.1 or lower (Stock Price = 34.5). After entry, take profits if the stock price hits 32.7 (option price = 0.3). Exit if the stock price closes above 35.4 (option price = 0.1).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 45%

Historical Volatility 20%: Delta .065: : Rating 183: Expected Val $2.80

----------

Buy TARGET (TGT) Jun 50 Put options at 0.7 or lower (Stock Price = 52.0). After entry, take profits if the stock price hits 49.9 (option price = 1.5). Exit if the stock price closes above 53.0 (option price = 0.4).

Probability of hitting Profit Goal 10%: Probability of hitting Stop Loss 43%

Historical Volatility 16%: Delta .282: : Rating 72: Expected Val $-4.90

----------

Buy COVENTRY HEALTH (CVH) Jun 50 Put options at 1.0 or lower (Stock Price = 54.0). After entry, take profits if the stock price hits 50.1 (option price = 2.4). Exit if the stock price closes above 55.9 (option price = 0.6).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 46%

Historical Volatility 27%: Delta .245: : Rating 99: Expected Val $2.60

----------

Buy ELAN CORP (ELN) Jun 12.5 Put options at 0.7 or lower (Stock Price = 14.4). After entry, take profits if the stock price hits 12.4 (option price = 1.4). Exit if the stock price closes above 15.4 (option price = 0.5).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 52%

Historical Volatility 60%: Delta .257: : Rating 111: Expected Val $6.40

----------

Buy PFIZER (PFE) Jun 22.5 Put options at 0.5 or lower (Stock Price = 24.9). After entry, take profits if the stock price hits 23.1 (option price = 1.1). Exit if the stock price closes above 25.8 (option price = 0.3).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 51%

Historical Volatility 31%: Delta .223: : Rating 113: Expected Val $3.60

----------

Buy IMCLONE SYS(IMCL) (IMC) Jun 30 Put options at 0.1 or lower (Stock Price = 34.0). After entry, take profits if the stock price hits 32.6 (option price = 0.2). Exit if the stock price closes above 34.7 (option price = 0.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 51%

Historical Volatility 21%: Delta .072: : Rating 155: Expected Val $2.10

----------

Buy MEDTRONIC (MDT) Jun 50 Put options at 1.0 or lower (Stock Price = 50.8). After entry, take profits if the stock price hits 48.8 (option price = 2.1). Exit if the stock price closes above 51.8 (option price = 0.7).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 41%

Historical Volatility 15%: Delta .396: : Rating 100: Expected Val $2.00

----------

Buy SONY (SNE) Jun 45 Put options at 2.8 or lower (Stock Price = 46.1). After entry, take profits if the stock price hits 41.5 (option price = 5.2). Exit if the stock price closes above 48.4 (option price = 2.0).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 50%

Historical Volatility 40%: Delta .412: : Rating 88: Expected Val $8.00

----------

Buy AMERICAN EXPRESS (AXP) Jun 50 Put options at 0.5 or lower (Stock Price = 52.6). After entry, take profits if the stock price hits 50.5 (option price = 1.2). Exit if the stock price closes above 53.7 (option price = 0.3).

Probability of hitting Profit Goal 12%: Probability of hitting Stop Loss 49%

Historical Volatility 16%: Delta .223: : Rating 85: Expected Val $-1.40

----------

Buy CINCINNATI FIN(CIN (CIN) Jun 40 Put options at 0.2 or lower (Stock Price = 42.1). After entry, take profits if the stock price hits 40.9 (option price = 0.5). Exit if the stock price closes above 42.7 (option price = 0.1).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 44%

Historical Volatility 12%: Delta .162: : Rating 90: Expected Val $-0.50

----------

Buy FEDERAL NAT MTGE (FNM) Jun 50 Put options at 2.0 or lower (Stock Price = 51.4). After entry, take profits if the stock price hits 47.7 (option price = 3.9). Exit if the stock price closes above 53.3 (option price = 1.4).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 46%

Historical Volatility 28%: Delta .391: : Rating 93: Expected Val $4.70

----------

Buy BLOCK H R (HRB) Jun 20 Put options at 0.4 or lower (Stock Price = 21.7). After entry, take profits if the stock price hits 20.1 (option price = 0.9). Exit if the stock price closes above 22.5 (option price = 0.2).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 45%

Historical Volatility 27%: Delta .236: : Rating 86: Expected Val $-1.00

----------

Buy CHIQUITA BRANDS (CQB) Jun 15 Put options at 0.3 or lower (Stock Price = 16.8). After entry, take profits if the stock price hits 15.6 (option price = 0.6). Exit if the stock price closes above 17.4 (option price = 0.2).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 53%

Historical Volatility 31%: Delta .202: : Rating 109: Expected Val $1.90

----------

Buy GEORGIA PAC (GP) Jun 45 Put options at 2.9 or lower (Stock Price = 48.1). After entry, take profits if the stock price hits 42.3 (option price = 5.5). Exit if the stock price closes above 51.0 (option price = 2.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 52%

Historical Volatility 51%: Delta .344: : Rating 88: Expected Val $13.00

----------

Buy ABBOTT LABS (ABT) Jun 40 Put options at 0.7 or lower (Stock Price = 42.5). After entry, take profits if the stock price hits 40.3 (option price = 1.5). Exit if the stock price closes above 43.6 (option price = 0.4).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 51%

Historical Volatility 22%: Delta .256: : Rating 80: Expected Val $-2.50

----------

Buy BECTON DICKENSON (BDX) Jun 60 Put options at 1.4 or lower (Stock Price = 61.6). After entry, take profits if the stock price hits 59.1 (option price = 2.5). Exit if the stock price closes above 62.8 (option price = 1.0).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 51%

Historical Volatility 19%: Delta .364: : Rating 91: Expected Val $1.60

----------

Buy AETNA LIFE (AET) Jun 45 Put options at 0.5 or lower (Stock Price = 49.1). After entry, take profits if the stock price hits 46.5 (option price = 1.2). Exit if the stock price closes above 50.4 (option price = 0.3).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 50%

Historical Volatility 22%: Delta .179: : Rating 100: Expected Val $1.20

----------

Buy AMERICAN INTL GP (AIG) Jun 65 Put options at 1.3 or lower (Stock Price = 66.1). After entry, take profits if the stock price hits 63.5 (option price = 2.6). Exit if the stock price closes above 67.4 (option price = 0.8).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 39%

Historical Volatility 15%: Delta .389: : Rating 87: Expected Val $-2.60

----------

Buy BROADCOM (BRCM) (BRC) Jun 40 Put options at 2.1 or lower (Stock Price = 43.2). After entry, take profits if the stock price hits 38.5 (option price = 4.1). Exit if the stock price closes above 45.5 (option price = 1.5).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 53%

Historical Volatility 45%: Delta .318: : Rating 101: Expected Val $14.20

----------

Buy ENGELHARD CORP (EC) Jun 35 Put options at 0.8 or lower (Stock Price = 39.6). After entry, take profits if the stock price hits 36.0 (option price = 1.9). Exit if the stock price closes above 41.4 (option price = 0.5).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 49%

Historical Volatility 36%: Delta .202: : Rating 113: Expected Val $6.20

----------

Buy ADOBE SYS(ADBE) (ADB) Jun 30 Put options at 0.1 or lower (Stock Price = 35.0). After entry, take profits if the stock price hits 33.2 (option price = 0.3). Exit if the stock price closes above 35.9 (option price = 0.1).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 49%

Historical Volatility 23%: Delta .061: : Rating 220: Expected Val $4.00

----------

Buy BAUSCH LOMB (BOL) Jun 60 Put options at 1.9 or lower (Stock Price = 63.7). After entry, take profits if the stock price hits 59.1 (option price = 3.8). Exit if the stock price closes above 66.0 (option price = 1.3).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 51%

Historical Volatility 30%: Delta .309: : Rating 96: Expected Val $7.40

----------

Buy CLOROX (CLX) Jun 55 Put options at 0.3 or lower (Stock Price = 59.9). After entry, take profits if the stock price hits 57.5 (option price = 0.7). Exit if the stock price closes above 61.1 (option price = 0.2).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 43%

Historical Volatility 16%: Delta .124: : Rating 104: Expected Val $0.90

----------

Buy PILGRIMS PRIDE (PPC) Jun 20 Put options at 1.1 or lower (Stock Price = 21.7). After entry, take profits if the stock price hits 19.4 (option price = 2.1). Exit if the stock price closes above 22.9 (option price = 0.8).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 57%

Historical Volatility 48%: Delta .316: : Rating 104: Expected Val $7.90

----------

Buy PROCTOR GAMBLE (PG) Jun 55 Put options at 0.4 or lower (Stock Price = 57.6). After entry, take profits if the stock price hits 56.0 (option price = 0.8). Exit if the stock price closes above 58.4 (option price = 0.3).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 52%

Historical Volatility 13%: Delta .204: : Rating 91: Expected Val $0.00

----------

Buy NORDSTROM (JWN) Jun 35 Put options at 0.1 or lower (Stock Price = 39.2). After entry, take profits if the stock price hits 37.6 (option price = 0.3). Exit if the stock price closes above 40.0 (option price = 0.1).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 44%

Historical Volatility 18%: Delta .070: : Rating 197: Expected Val $3.20

----------

Buy GOLDEN WEST FIN (GDW) Jun 65 Put options at 1.3 or lower (Stock Price = 67.9). After entry, take profits if the stock price hits 64.4 (option price = 2.7). Exit if the stock price closes above 69.7 (option price = 0.8).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 43%

Historical Volatility 20%: Delta .304: : Rating 89: Expected Val $-0.50

----------

Buy APPLIED MAT(AMAT) (AMA) Jun 15 Put options at 0.1 or lower (Stock Price = 17.5). After entry, take profits if the stock price hits 16.2 (option price = 0.3). Exit if the stock price closes above 18.1 (option price = 0.1).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 46%

Historical Volatility 30%: Delta .093: : Rating 195: Expected Val $3.20

----------

Buy A M D (AMD) Jun 30 Put options at 0.9 or lower (Stock Price = 33.2). After entry, take profits if the stock price hits 29.9 (option price = 2.1). Exit if the stock price closes above 34.9 (option price = 0.6).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 49%

Historical Volatility 39%: Delta .251: : Rating 99: Expected Val $4.50

----------

Buy MICROSEMI (MSC) Jun 25 Put options at 0.5 or lower (Stock Price = 29.1). After entry, take profits if the stock price hits 26.2 (option price = 1.3). Exit if the stock price closes above 30.6 (option price = 0.3).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 47%

Historical Volatility 38%: Delta .170: : Rating 117: Expected Val $4.20

----------

Buy QLOGIC (QLGC) (QLG) Jun 17.5 Put options at 0.1 or lower (Stock Price = 19.4). After entry, take profits if the stock price hits 18.6 (option price = 0.2). Exit if the stock price closes above 19.8 (option price = 0.1).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 49%

Historical Volatility 21%: Delta .113: : Rating 170: Expected Val $2.50

----------

Buy BMC SOFTWARE(BMC) (BMC) Jun 20 Put options at 0.1 or lower (Stock Price = 21.7). After entry, take profits if the stock price hits 20.8 (option price = 0.3). Exit if the stock price closes above 22.1 (option price = 0.1).

Probability of hitting Profit Goal 11%: Probability of hitting Stop Loss 41%

Historical Volatility 16%: Delta .123: : Rating 167: Expected Val $2.20

----------

Buy PHILLIP MORRIS (MO) Jun 70 Put options at 1.6 or lower (Stock Price = 70.9). After entry, take profits if the stock price hits 68.1 (option price = 3.1). Exit if the stock price closes above 72.3 (option price = 1.1).

Probability of hitting Profit Goal 11%: Probability of hitting Stop Loss 38%

Historical Volatility 16%: Delta .415: : Rating 86: Expected Val $-2.50

----------

Buy AMERICAN TEL TEL (T) Jun 25 Put options at 0.9 or lower (Stock Price = 27.0). After entry, take profits if the stock price hits 24.5 (option price = 1.9). Exit if the stock price closes above 28.2 (option price = 0.6).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 47%

Historical Volatility 36%: Delta .293: : Rating 105: Expected Val $4.90

----------

Buy DOMINION RES (D) Jun 65 Put options at 0.6 or lower (Stock Price = 69.0). After entry, take profits if the stock price hits 66.2 (option price = 1.4). Exit if the stock price closes above 70.4 (option price = 0.4).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 46%

Historical Volatility 16%: Delta .201: : Rating 117: Expected Val $4.40

----------

Buy ALCOA (AA) Jun 35 Call options at 0.2 or lower (Stock Price = 30.6). After entry take profits if the stock price hits 32.2 (option price = 0.5). Exit if the stock price closes below 29.8 (option price = 0.1).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 46%

Historical Volatility 23%: Delta .122: : Rating 146: Expected Val $3.20

----------

Buy EDWARDS (AGE) Jun 50 Call options at 1.5 or lower (Stock Price = 49.9). After entry take profits if the stock price hits 51.9 (option price = 2.7). Exit if the stock price closes below 48.9 (option price = 1.0).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 37%

Historical Volatility 17%: Delta .505: : Rating 113: Expected Val $9.10

----------

Buy TYCO INTL (TYC) Jun 30 Call options at 0.4 or lower (Stock Price = 26.9). After entry take profits if the stock price hits 28.8 (option price = 1.0). Exit if the stock price closes below 25.9 (option price = 0.2).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 42%

Historical Volatility 27%: Delta .215: : Rating 110: Expected Val $1.80

----------

Buy GRACE (GRA) Jun 15 Call options at 1.2 or lower (Stock Price = 13.3). After entry take profits if the stock price hits 15.4 (option price = 2.3). Exit if the stock price closes below 12.2 (option price = 0.8).

Probability of hitting Profit Goal 30%: Probability of hitting Stop Loss 53%

Historical Volatility 75%: Delta .430: : Rating 110: Expected Val $11.80

----------

Buy HERCULES (HPC) Jun 15 Call options at 0.2 or lower (Stock Price = 13.8). After entry take profits if the stock price hits 14.5 (option price = 0.4). Exit if the stock price closes below 13.4 (option price = 0.1).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 46%

Historical Volatility 26%: Delta .237: : Rating 105: Expected Val $0.60

----------

Buy COPPER (HG) Jun 240 Call options at 8.3 or lower (Stock Price = 237.5). After entry take profits if the stock price hits 249.9 (option price = 15.5). Exit if the stock price closes below 231.3 (option price = 5.7).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 40%

Historical Volatility 22%: Delta .478: : Rating 87: Expected Val $61.60

----------

Buy ORANGE JUICE (JO) Jun 140 Call options at 2.1 or lower (Stock Price = 139.1). After entry take profits if the stock price hits 140.8 (option price = 2.9). Exit if the stock price closes below 138.3 (option price = 1.7).

Probability of hitting Profit Goal 40%: Probability of hitting Stop Loss 53%

Historical Volatility 10%: Delta .452: : Rating 106: Expected Val $10.80

----------

Buy GOLD (GC) Jun 605 Call options at 25.7 or lower (Stock Price = 603.2). After entry take profits if the stock price hits 634.6 (option price = 44.5). Exit if the stock price closes below 587.5 (option price = 18.4).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 48%

Historical Volatility 24%: Delta .511: : Rating 2: Expected Val $82.00

----------

Buy N C R (NCR) Jun 45 Call options at 0.7 or lower (Stock Price = 41.8). After entry take profits if the stock price hits 44.0 (option price = 1.5). Exit if the stock price closes below 40.7 (option price = 0.4).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 48%

Historical Volatility 23%: Delta .266: : Rating 111: Expected Val $4.00

----------

Buy M M M (MMM) Jun 80 Call options at 0.5 or lower (Stock Price = 75.7). After entry take profits if the stock price hits 77.8 (option price = 1.0). Exit if the stock price closes below 74.6 (option price = 0.3).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 53%

Historical Volatility 14%: Delta .193: : Rating 105: Expected Val $1.90

----------

Buy PALM(PALM) (PAL) Jun 25 Call options at 1.2 or lower (Stock Price = 23.2). After entry take profits if the stock price hits 25.7 (option price = 2.4). Exit if the stock price closes below 21.9 (option price = 0.8).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 51%

Historical Volatility 44%: Delta .397: : Rating 111: Expected Val $9.60

----------

Buy PACCAR (PCAR) (PCA) Jun 75 Call options at 1.0 or lower (Stock Price = 70.5). After entry take profits if the stock price hits 74.2 (option price = 2.4). Exit if the stock price closes below 68.7 (option price = 0.6).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 42%

Historical Volatility 20%: Delta .267: : Rating 116: Expected Val $7.00

----------

Buy FLUOR (FLR) Jun 90 Call options at 2.4 or lower (Stock Price = 85.8). After entry take profits if the stock price hits 92.0 (option price = 5.4). Exit if the stock price closes below 82.7 (option price = 1.4).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 40%

Historical Volatility 26%: Delta .365: : Rating 90: Expected Val $2.00

----------

Buy MCDERMOTT (MDR) Jun 55 Call options at 3.2 or lower (Stock Price = 54.5). After entry take profits if the stock price hits 59.5 (option price = 6.3). Exit if the stock price closes below 52.0 (option price = 2.1).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 43%

Historical Volatility 34%: Delta .508: : Rating 93: Expected Val $11.60

----------

Buy HYPERCOM (HYC) Jun 10 Call options at 0.3 or lower (Stock Price = 9.3). After entry take profits if the stock price hits 10.2 (option price = 0.7). Exit if the stock price closes below 8.9 (option price = 0.2).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 41%

Historical Volatility 32%: Delta .345: : Rating 123: Expected Val $2.70

----------

Buy CENDANT (CD) Jun 17.5 Call options at 0.8 or lower (Stock Price = 17.4). After entry take profits if the stock price hits 18.7 (option price = 1.6). Exit if the stock price closes below 16.8 (option price = 0.5).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 39%

Historical Volatility 27%: Delta .505: : Rating 109: Expected Val $3.50

----------

Buy CONAGRA (CAG) Jun 22.5 Call options at 0.4 or lower (Stock Price = 21.5). After entry take profits if the stock price hits 22.6 (option price = 0.9). Exit if the stock price closes below 20.9 (option price = 0.2).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 39%

Historical Volatility 21%: Delta .325: : Rating 103: Expected Val $0.70

----------

Buy BRISTOL MEYERS (BMY) Jun 25 Call options at 0.8 or lower (Stock Price = 24.6). After entry take profits if the stock price hits 25.9 (option price = 1.5). Exit if the stock price closes below 24.0 (option price = 0.5).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 43%

Historical Volatility 22%: Delta .455: : Rating 98: Expected Val $1.10

----------

Buy GENERAL ELEC (GE) Jun 35 Call options at 0.7 or lower (Stock Price = 34.8). After entry take profits if the stock price hits 35.8 (option price = 1.2). Exit if the stock price closes below 34.3 (option price = 0.5).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 43%

Historical Volatility 13%: Delta .471: : Rating 96: Expected Val $0.40

----------

Buy HITACHI (HIT) Jun 75 Call options at 1.5 or lower (Stock Price = 70.8). After entry take profits if the stock price hits 74.5 (option price = 3.0). Exit if the stock price closes below 69.0 (option price = 1.0).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 46%

Historical Volatility 24%: Delta .317: : Rating 120: Expected Val $14.50

----------

Buy SILICON LABS (SLA) Jun 60 Call options at 3.7 or lower (Stock Price = 55.0). After entry take profits if the stock price hits 62.7 (option price = 7.7). Exit if the stock price closes below 51.2 (option price = 2.3).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 48%

Historical Volatility 56%: Delta .417: : Rating 95: Expected Val $24.80

----------

Buy TEKTRONICS (TEK) Jun 40 Call options at 1.2 or lower (Stock Price = 35.7). After entry take profits if the stock price hits 39.3 (option price = 2.6). Exit if the stock price closes below 33.9 (option price = 0.7).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 48%

Historical Volatility 41%: Delta .306: : Rating 109: Expected Val $8.20

----------

Buy ECHOSTAR(DISH) (DIS) Jun 30 Call options at 0.9 or lower (Stock Price = 29.9). After entry take profits if the stock price hits 31.1 (option price = 1.6). Exit if the stock price closes below 29.3 (option price = 0.6).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 40%

Historical Volatility 17%: Delta .499: : Rating 91: Expected Val $-0.80

----------

Buy JUNIPER NET(JNPR) (JNP) Jun 20 Call options at 1.1 or lower (Stock Price = 19.1). After entry take profits if the stock price hits 21.0 (option price = 2.1). Exit if the stock price closes below 18.1 (option price = 0.7).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 49%

Historical Volatility 41%: Delta .444: : Rating 103: Expected Val $5.40

----------

Buy JDS UNIPHASE(JDSU) (JDS) Jun 5 Call options at 0.2 or lower (Stock Price = 4.2). After entry take profits if the stock price hits 4.8 (option price = 0.4). Exit if the stock price closes below 3.9 (option price = 0.1).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 52%

Historical Volatility 54%: Delta .310: : Rating 86: Expected Val $0.00

----------

Buy INTEGRA (IAR) Jun 45 Call options at 0.4 or lower (Stock Price = 41.0). After entry take profits if the stock price hits 43.1 (option price = 1.0). Exit if the stock price closes below 39.9 (option price = 0.2).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 43%

Historical Volatility 21%: Delta .187: : Rating 123: Expected Val $3.40

----------

Buy HARRAHS ENT (HET) Jun 80 Call options at 1.5 or lower (Stock Price = 78.0). After entry take profits if the stock price hits 81.1 (option price = 3.0). Exit if the stock price closes below 76.4 (option price = 1.0).

Probability of hitting Profit Goal 13%: Probability of hitting Stop Loss 37%

Historical Volatility 16%: Delta .381: : Rating 94: Expected Val $1.00

----------

Buy HILTON HOTELS (HLT) Jun 30 Call options at 0.2 or lower (Stock Price = 25.5). After entry take profits if the stock price hits 27.3 (option price = 0.5). Exit if the stock price closes below 24.6 (option price = 0.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 44%

Historical Volatility 27%: Delta .124: : Rating 125: Expected Val $1.90

----------

Buy SHUFFLE M(SHFL) (SHF) Jun 40 Call options at 1.8 or lower (Stock Price = 35.7). After entry take profits if the stock price hits 40.0 (option price = 3.7). Exit if the stock price closes below 33.6 (option price = 1.1).

Probability of hitting Profit Goal 27%: Probability of hitting Stop Loss 50%

Historical Volatility 51%: Delta .358: : Rating 111: Expected Val $16.30

----------

Buy SKYLINE (SKY) Jun 45 Call options at 0.7 or lower (Stock Price = 41.4). After entry take profits if the stock price hits 44.4 (option price = 1.8). Exit if the stock price closes below 39.9 (option price = 0.4).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 36%

Historical Volatility 25%: Delta .254: : Rating 122: Expected Val $5.70

----------

Buy GOOGLE(GOOG) (GOO) Jun 395 Call options at 32.7 or lower (Stock Price = 390.0). After entry take profits if the stock price hits 432.1 (option price = 58.5). Exit if the stock price closes below 368.9 (option price = 22.7).

Probability of hitting Profit Goal 29%: Probability of hitting Stop Loss 53%

Historical Volatility 49%: Delta .522: : Rating -20: Expected Val $218.20

----------

Buy FOUNDRY NET(FDRY) (FDR) Jun 20 Call options at 0.7 or lower (Stock Price = 18.2). After entry take profits if the stock price hits 20.0 (option price = 1.5). Exit if the stock price closes below 17.3 (option price = 0.4).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 46%

Historical Volatility 40%: Delta .341: : Rating 118: Expected Val $6.20

----------

Buy QUALCOM(QCOM) (QCO) Jun 55 Call options at 0.5 or lower (Stock Price = 50.6). After entry take profits if the stock price hits 53.2 (option price = 1.2). Exit if the stock price closes below 49.3 (option price = 0.3).

Probability of hitting Profit Goal 16%: Probability of hitting Stop Loss 40%

Historical Volatility 21%: Delta .197: : Rating 116: Expected Val $3.20

----------

Buy S&P MIDCAP 400 ($MI) Jun 795 Call options at 12.8 or lower (Stock Price = 792.1). After entry take profits if the stock price hits 801.6 (option price = 17.9). Exit if the stock price closes below 787.3 (option price = 10.7).

Probability of hitting Profit Goal 41%: Probability of hitting Stop Loss 52%

Historical Volatility 10%: Delta .477: : Rating 70: Expected Val $99.90

----------

Buy NASDAQ 100 INDEX ($ND) Jun 705 Call options at 15.9 or lower (Stock Price = 703.7). After entry take profits if the stock price hits 723.4 (option price = 27.5). Exit if the stock price closes below 693.8 (option price = 11.4).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 48%

Historical Volatility 13%: Delta .499: : Rating 30: Expected Val $-7.20

----------

Buy NASDAQ 100(QQQQ) (QQQ) Jun 45 Call options at 0.1 or lower (Stock Price = 41.9). After entry take profits if the stock price hits 43.1 (option price = 0.3). Exit if the stock price closes below 41.3 (option price = 0.1).

Probability of hitting Profit Goal 15%: Probability of hitting Stop Loss 44%

Historical Volatility 13%: Delta .095: : Rating 192: Expected Val $3.00

----------

Buy A S A (ASA) Jun 70 Call options at 2.7 or lower (Stock Price = 65.0). After entry take profits if the stock price hits 71.5 (option price = 5.8). Exit if the stock price closes below 61.8 (option price = 1.7).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 44%

Historical Volatility 39%: Delta .373: : Rating 107: Expected Val $21.10

----------

Buy PHELPS DODGE (PD) Jun 85 Call options at 4.9 or lower (Stock Price = 80.5). After entry take profits if the stock price hits 89.2 (option price = 9.6). Exit if the stock price closes below 76.2 (option price = 3.2).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 52%

Historical Volatility 46%: Delta .438: : Rating 86: Expected Val $24.40

----------

Buy VALERO (VLO) Jun 60 Call options at 4.2 or lower (Stock Price = 59.8). After entry take profits if the stock price hits 65.8 (option price = 8.0). Exit if the stock price closes below 56.8 (option price = 2.8).

Probability of hitting Profit Goal 23%: Probability of hitting Stop Loss 44%

Historical Volatility 39%: Delta .529: : Rating 96: Expected Val $25.80

----------

Buy ASHLAND OIL (ASH) Jun 75 Call options at 1.4 or lower (Stock Price = 71.1). After entry take profits if the stock price hits 74.8 (option price = 2.9). Exit if the stock price closes below 69.3 (option price = 0.9).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 44%

Historical Volatility 22%: Delta .316: : Rating 112: Expected Val $9.50

----------

Buy GOOGLE(GOOG) (GOO) Jun 395 Call options at 32.7 or lower (Stock Price = 390.0). After entry take profits if the stock price hits 432.1 (option price = 58.5). Exit if the stock price closes below 368.9 (option price = 22.7).

Probability of hitting Profit Goal 29%: Probability of hitting Stop Loss 53%

Historical Volatility 49%: Delta .522: : Rating -20: Expected Val $218.20

----------

Buy EXXON (XOM) Jun 65 Call options at 0.3 or lower (Stock Price = 60.9). After entry take profits if the stock price hits 62.6 (option price = 0.7). Exit if the stock price closes below 60.0 (option price = 0.2).

Probability of hitting Profit Goal 24%: Probability of hitting Stop Loss 51%

Historical Volatility 14%: Delta .152: : Rating 142: Expected Val $4.50

----------

Buy HALIBURTON (HAL) Jun 75 Call options at 3.8 or lower (Stock Price = 73.0). After entry take profits if the stock price hits 79.7 (option price = 7.7). Exit if the stock price closes below 69.6 (option price = 2.4).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 44%

Historical Volatility 35%: Delta .465: : Rating 93: Expected Val $16.40

----------

Buy ROWAN COS (RDC) Jun 45 Call options at 2.4 or lower (Stock Price = 44.0). After entry take profits if the stock price hits 48.0 (option price = 4.8). Exit if the stock price closes below 42.0 (option price = 1.6).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 47%

Historical Volatility 35%: Delta .477: : Rating 97: Expected Val $10.40

----------

Buy SCHLUMBERGER (SLB) Jun 130 Call options at 5.9 or lower (Stock Price = 126.6). After entry take profits if the stock price hits 135.7 (option price = 10.9). Exit if the stock price closes below 122.0 (option price = 4.0).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 49%

Historical Volatility 32%: Delta .457: : Rating 90: Expected Val $36.90

----------

Buy AVON PRODUCTS (AVP) Jun 35 Call options at 0.4 or lower (Stock Price = 31.2). After entry take profits if the stock price hits 33.4 (option price = 1.0). Exit if the stock price closes below 30.1 (option price = 0.2).

Probability of hitting Profit Goal 19%: Probability of hitting Stop Loss 41%

Historical Volatility 26%: Delta .196: : Rating 121: Expected Val $3.20

----------

Buy BURLINGTON NORTH (BNI) Jun 85 Call options at 2.9 or lower (Stock Price = 83.3). After entry take profits if the stock price hits 87.6 (option price = 5.2). Exit if the stock price closes below 81.1 (option price = 2.0).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 47%

Historical Volatility 24%: Delta .448: : Rating 100: Expected Val $15.20

----------

Buy C S X (CSX) Jun 60 Call options at 2.2 or lower (Stock Price = 59.8). After entry take profits if the stock price hits 62.9 (option price = 4.1). Exit if the stock price closes below 58.2 (option price = 1.5).

Probability of hitting Profit Goal 18%: Probability of hitting Stop Loss 41%

Historical Volatility 21%: Delta .505: : Rating 96: Expected Val $5.50

----------

Buy UNION PACIFIC (UNP) Jun 95 Call options at 3.0 or lower (Stock Price = 93.4). After entry take profits if the stock price hits 98.3 (option price = 5.7). Exit if the stock price closes below 91.0 (option price = 2.1).

Probability of hitting Profit Goal 21%: Probability of hitting Stop Loss 45%

Historical Volatility 22%: Delta .453: : Rating 101: Expected Val $16.20

----------

Buy WASH FED(WFSL) (WFS) Jun 25 Call options at 0.2 or lower (Stock Price = 24.2). After entry take profits if the stock price hits 24.9 (option price = 0.4). Exit if the stock price closes below 23.9 (option price = 0.1).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 41%

Historical Volatility 12%: Delta .268: : Rating 77: Expected Val $-1.30

----------

Buy RAMBUS(RMBS) (RMB) Jun 40 Call options at 6.6 or lower (Stock Price = 39.3). After entry take profits if the stock price hits 45.6 (option price = 10.6). Exit if the stock price closes below 36.2 (option price = 4.9).

Probability of hitting Profit Goal 44%: Probability of hitting Stop Loss 61%

Historical Volatility 96%: Delta .572: : Rating 88: Expected Val $72.30

----------

Buy MOTOROLA (MOT) Jun 25 Call options at 0.3 or lower (Stock Price = 22.9). After entry take profits if the stock price hits 24.1 (option price = 0.7). Exit if the stock price closes below 22.3 (option price = 0.2).

Probability of hitting Profit Goal 22%: Probability of hitting Stop Loss 47%

Historical Volatility 24%: Delta .221: : Rating 137: Expected Val $4.10

----------

Buy NVIDIA (NVDA) (NVD) Jun 60 Call options at 2.6 or lower (Stock Price = 57.3). After entry take profits if the stock price hits 62.6 (option price = 5.4). Exit if the stock price closes below 54.7 (option price = 1.6).

Probability of hitting Profit Goal 20%: Probability of hitting Stop Loss 45%

Historical Volatility 35%: Delta .420: : Rating 97: Expected Val $11.00

----------

Buy TEXAS INSTRMNT (TXN) Jun 35 Call options at 0.6 or lower (Stock Price = 32.5). After entry take profits if the stock price hits 34.8 (option price = 1.5). Exit if the stock price closes below 31.3 (option price = 0.3).

Probability of hitting Profit Goal 14%: Probability of hitting Stop Loss 37%

Historical Volatility 25%: Delta .276: : Rating 105: Expected Val $1.50

----------

Buy NITED PARCEL SERVI (UPS) Jun 80 Call options at 1.8 or lower (Stock Price = 79.4). After entry take profits if the stock price hits 81.6 (option price = 3.0). Exit if the stock price closes below 78.3 (option price = 1.3).

Probability of hitting Profit Goal 25%: Probability of hitting Stop Loss 55%

Historical Volatility 14%: Delta .467: : Rating 92: Expected Val $2.50

----------

Buy SYSCO CORP (SYY) Jun 35 Call options at 0.1 or lower (Stock Price = 32.1). After entry take profits if the stock price hits 33.0 (option price = 0.2). Exit if the stock price closes below 31.7 (option price = 0.1).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 53%

Historical Volatility 15%: Delta .101: : Rating 172: Expected Val $2.60

----------

Buy NETWORK APPL(NTAP) (NTA) Jun 40 Call options at 0.4 or lower (Stock Price = 36.0). After entry take profits if the stock price hits 37.9 (option price = 0.9). Exit if the stock price closes below 35.1 (option price = 0.2).

Probability of hitting Profit Goal 26%: Probability of hitting Stop Loss 49%

Historical Volatility 25%: Delta .188: : Rating 119: Expected Val $3.20

----------

Buy LOEWS CORP (LTR) Jun 105 Call options at 1.0 or lower (Stock Price = 101.2). After entry take profits if the stock price hits 104.0 (option price = 2.0). Exit if the stock price closes below 99.8 (option price = 0.7).

Probability of hitting Profit Goal 17%: Probability of hitting Stop Loss 46%

Historical Volatility 13%: Delta .278: : Rating 102: Expected Val $3.20

 

Copyright 2012 © by The Institute For Options Research, Inc. | Home | Contact | Terms | Affiliate |