Sell FRO call- 100% gain Sell QQQ put hold GIS

Today we sell the FRO call option for 100% gain. So on that 20% call option, your 200 dollars is now 400 dollars. We are going to hold the put option, seeing that it was outside the money when we purchased it and that we are close to expiration, it didnt move much. I might be doing a double down on that put option next week as we get closer to options expiration, and that depends on what its chart technicals do. I expect it to hit resistance on its 200 day moving average. Further candlesticks will tell me if its running out of steam.

FRO Dec 2014 1.000 call (FRO141220C00001000)

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0.55 0.00(0.00%) 12:54PM EST

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Prev Close:	0.55
Open:	0.55
Bid:	0.80
Ask:	1.30
Strike:	1.00
Expire Date:	20-Dec-1

Now remember, on the fro above there has been no contracts traded today as of yet, but notice the bid and the ask jumped significantly because the stock just jumped 30% today. The bid is .80 and the ask is 1.30 so set a limit sell order for 1.05-1.10. Today we also watchour QQQ put:

QQQ Mar 2015 109.000 put (QQQ150320P00109000)

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7.55 0.00(0.00%) 12:57PM EST

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Prev Close:	6.54
Open:	7.55
Bid:	7.28
Ask:	7.39
Strike:	109.00
Expire Date:	20-Mar-15

The bid and the ask currently would be you getting out at about 7.32 for a nice gain. In looking at the market today I see that there is a possibility that the cubes could rally for 2-3 days before the drop resumes. So we are going to sell our QQQ put. If you look back at my previous post, we got in at about $6.32 for a 16% gain. If the cubes do rise again, I will jump in with another put and ride that down as well.
We continue to hold GIS. I notice that it is solidifying into a coiled spring situation. So upon rechecking the estimates, I still say this is going to be a weak earnings report and the stock is going to deflate, so we continue to hold our GIS put. The put is up slightly and we wait for next week.

Thats all for today everyone,
Mark