Good Morning and sorry I was not able to get anything out prior to the open.  Although I was in the hospital overnight I am feeling much better and should be back on my feet tomorrow.

I am severally handicapped this morning using an iPad to look at charts for there are a few things that I wanted to share.  First, I sold my FCX position on the gap up this morning, I also sold my SQ position collecting nice profits on both.  If you have not sold the short calls in MSFT I suggest doing so today.  If you have not sold the BMY short calls that’s okay but just know that I have suggested that they should be sold.  We will be waiting for both stocks to get a move higher to sell additional calls.

A few positions that you may want to consider; PBR is looking really good after breaking the wedge and pulling back.  Consider the APR 10 calls because of the great price and nice open interest.

BABA gaped up to much to chase so we will have to wait on it.

NFLX broke out and is holding nicely keep a close eye on it for an entry.  Earnings will be coming soon but often stocks like this will rally toward the earnings date.

AIG may be setting up keep a close eye on it.

CVS is set up.  It reports on 2/9/17.  The April 75 calls are okay but the better volume is in in the May 75 contracts but either should work.  If you want to lower the cost of the trade consider selling the April 90 strikes for a debit spread.  Just keep in mind the earnings date.

I will post this to the website but if someone could please post in the room that I had sent this out that would be very helpful.  Thank You!  FYI, There is no video attached.

Trade Wisely,

Doug