Options/Futures
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Scoreboard watching is common this time of year for hockey and basketball pros. Last night it was the Montreal Canadiensturn to keep their eyes glued to the tube. The Habs' had to wait through a tight Game 7 between the Philadelphia Flyers and Washington Capitals to determine their next opponent in the quest for the Stanley Cup. The Flyers scored an overtime 3-2 victory over the Washington Capitals, who had trailed the best-of-seven series 3-1 but had clawed their way back into the fight to force a game 7. Joffrey Lupul buried a rebound at 6:06 into overtime to send the Flyers to the second round. For readers of this column, the gratification isn't always as quick. While my picks sometimes score wins quickly, other picks take time to turn our way. The season's still young, but we've grabbed wins with BoeingBA, Dow ChemicalDOW, Sigma DesignsSIGM and GarminGRMN for a total of $4,000. Other positions remain open. And for today's pick. I'm going with TesoroTSO Tesoro produces refined products, including gasoline, jet and diesel fuels for sale to commercial customers. It also sells gas and diesel fuel through its retail segment. The stock got absolutely slammed Tuesday, shedding 5.4% during regular-session trading. It closed at $26.82, slightly above its 52-week low of $25.06 a share and miles below its 52-week high of nearly $66. The stock is down 40.57% this year alone. Refiners have been feeling the pain lately and are operating at their lowest levels since shortly after Hurricane Katrina in 2005 when natural disasters disrupted the industry. Part of my strategy is to find stocks that have been unfairly beat up by the Street and I think Tesoro fits that bill. That's why I am going all the way out to January 2009 with this order for 10 contracts. I will place a limit order at $12.80 for the Tesoro DITM calls using the $15.00 (ZGCAC) strike price. Once the order is filled, make sure to place a sell order at $1.00 higher. Always Remember: Life is a journey, enjoy the ride!
Today's play looks to take advantage of the huge short position in this stock.
The stock has been pummeled since its earnings report on Friday, but now the September calls look right.
The chemical company's September option looks like a winner here.
Yahoo! is among the most searched stocks on TheStreet.com. Here's what Cramer had to say about the stock recently.
Catch up on his thinking on the hottest topics of the past week.
Investors will have to deal with a Fed meeting and another flood of earnings and economic data.
Ensco International and Echelon have the potential to move higher in coming days.
See who made what calls.
The addition of video is helping telecom companies compete against cable and satellite companies.
The June West Texas Intermediate contract reflects selling pressure ahead of Tuesday's expiration. But stocks in the sector are generally trading higher.
See who made what calls.
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