Wrap – Week Ended 01/15/10

Excellent start to the week with the moves around Davy Jones but ending on a softer note of general market weakness. All in all, not a lot of movement outside of service where we capitalized on an upgrade to exit some of our HAL position for a nice gain. Have a happy MLK holiday, I'll see you on Tuesday.

Holdings Watch:

• $10KP II: $26,700
• 34% Cash
• Positions on the holdings tab will be updated before Tuesday

Last Week's Closed Trades:

• 4 scuds for the January expiry which is pretty typical for me. Three were minor positions but one was a larger position in BEXP which was unfortunate as it was a winner on Catalyst Events before succumbing to three Street downgrades on valuation.
  
• Other Closed Trades:
  
  • HAL – Sold the (25) Jan $33 Calls (HZLAT) for $1.70, up 577%, with the stock at $34.60. I continue to own the Feb calls taken last week.