Monday, July 17, 2006

Earnings Plays for the Week of 7/17

This week is options expirations week and the start of earnings season, which creates good oppertunties for option plays ahead of earnings. I am looking at buying July out of the money calls for the following stocks.

SOUTHERN COPPER (NYSE:PCU) - 7/18
PLX TECHNOLOGY INC (NasdaqGM:PLXT) - 7/18
JEFFERIES GROUP INC (NYSE:JEF) - 7/18
C S X (NYSE:CSX) - 7/18
UNITEDHEALTH GROUP (NYSE:UNH) - 7/19
DXP ENTERPRISE (NasdaqCM:DXPE) - 7/19 - no options traded
ASML (NasdaqGS:ASML) - 7/19
GEN DYNAMICS (NYSE:GD) - 7/19
ORBITAL SCIENCES (NYSE:ORB) - 7/19
RADIAN GROUP INC (NYSE:RDN) - 7/19 - in the money calls
DECKERS OUTDOOR (NasdaqGS:DECK) -7/20
POOL CORPORATION (NasdaqGS:POOL) - 7/20
CHARLOTTE RUSSE HL (NasdaqGS:CHIC) - 7/20
GENTEX (NasdaqGS:GNTX) - 7/20 - in the money calls
JOHNSON CONTROLS INC (NYSE:JCI) - 7/20
RELIANCE STL & ALMN (NYSE:RS) - 7/20
STEEL DYNAMICS (NasdaqGS:STLD) - 7/20
FREESCALE SEMICONDUCTOR (NYSE:FSL) - 7/20
SKYWORKS SOLUTIONS (NasdaqGS:SWKS) - 7/20
SPANSION INC. (NasdaqGS:SPSN) - 7/20
WESCO INTL INC (NYSE:WCC) - 7/20
NOKIA (NYSE:NOK) - 7/20
HOKU SCIENTIFIC INC (NasdaqGM:HOKU) - 7/20 - stock maybe better then options
MCMORAN EXPLOR CO SC (NYSE:MMR) - 7/20
BRITTON & KOONTZ C (NasdaqCM:BKBK) - 7/20
CONTINENTAL AIRLINES CL B (NYSE:CAL) - 7/20
INFINEON TECH (NYSE:IFX) - 7/21 - in the money calls

DISCLOSURE: I maybe long the stocks mentioned above for myself and clients. Not a recommendation to buy or sell any security. The information above has been obtained from sources we believe to be reliable, but its accuracy cannot be guaranteed. The author and affilates shall have no obligation to update or amend any information contained above. For informational and educational purposes only.


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