Purchased 3 of VQU Jan 22 2011 22.5 Call. On March 11, 2010 S&P set a $39.00 12-Month price target for JCI which is currently trading at $5.62 below that target. Barchart notes JCI as a long term buy. The current 60day moving average runs in excess of $1 / share per month. In 3 – 4 months the call should be worth $1500 more.
Purchased 5 of VGE 2011 15.0 Call. On November 20, 2009 S&P set a $19.00 12-Month price target for GE which is currently trading at $0.67 below that target. The stock is out performing the analysts expectations. Barchart notes GE as a strong long term buy. There was a large bump in price in March. The 60 day moving average is trending upward. I believe as the economy continues to grow, so will GE. Looking for a 10% jump in option price in the next week. I will jump back out if I do not see it.
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