Thursday, January 14, 2010
ITZ PIX Updates; HL JPM UNH ABT GNK
Intel reported after the close and knocked the cover off the ball, JP Morgan Chase reports before the open tomorrow.
Hecla Mining (HL) News: Five Hecla executives sold shares this week, the company's top executives sold a combined $2.5 million in shares. >>READ Now this alone may not present a reason to sell...however the technicals suggest setting up a stop at $5.50
Unitedhealth Group (UNH) News: Tenet Healthcare Corporation on Thursday announced it has signed a multi-year agreement with UnitedHealthcare that will give the insurer’s commercial and Medicare Advantage plan participants access to Tenet's network. >>READ UnitedHealth Group Inc. Earnings Call scheduled for Thu, Jan 21
Abbott Labs (ABT) for those that sold the Jan. $52.50 covered calls, with the stock trading over the strike ($55.35)...well let it get called. The stock was entered back in August 2009 cost basis $43.54 for a $8.96 and a 20.6% in 6 months.
Genco Shipping (GNK) On this covered call the Jan $25 GNK-AE sold on Oct 21 for $1.70, suggest BUYING it back to close position for $0.50 and rolling up and out to the [SELL] April $28 Call ticker GNK-DV for $1.65 bid. The original cost for GNK was $22.90 - $1.70 + $0.50 - $1.65= $20.05