Trade of the Day (FTR) 1.27.2012

Trade: I bought the FTR May 4 Calls for $.55. 
Profitable: I make money on this trade if FTR Closes above $4.55 by May 18, 2012.
Break-even: I break-even on this trade if FTR Closes at $4.55 by May 18, 2012.
Unprofitable: This trade is unprofitable if FTR Closes under $4.55 by May 18, 2012.  The most I can lose on this trade is the amount I paid for these Calls, $.55.

Reason I like this Trade: I love this trade and I have seen these stock options trading heavily, but when I saw a customer sell 25,000 Feb 4 Puts for $.15, similiar to MWW I knew it was time to jump on board.  I wanted to get LONG, but I wanted more time, not just until February, so I have 5 months of these Calls, I think this trade is a lay-up for some nice easy profit.  Please feel free to email me with any questions at  This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

UPDATE: 1.30.2012 These Calls are currently worth $.50 even with this HUGE sell-off in the market.  I think this stock will rally and will stay above $4 due to that big put seller.  I have 5 months for this trade to work out, so I am not too worried about it.  

UPDATE: 1.31.2012 These Calls are currently worth $.55 even though the stock has not moved.  I think that $4 seems to be the bottom and will leave this trade on as it has 5 more months for upside.  

UPDATE: 2.1.2012 These Calls are currently worth $.55 even though the stock has not moved.  I think that $4, but I might Punt this trade soon if I do not see more positive momentum.

UPDATE: 2.2.2012 This trade is boring me as these Calls are only worth $.50, so I will be looking to Punt this trade at any rally in the stock.

UPDATE: 2.3.2012 With the stock moving higher and myself getting bored easily, I sold these Calls for $.60 and moving to the next trade.