Thursday, September 13, 2007

trading, thursday sept 13

Opened two new long positions. Took First Solar FSLR oct 110 calls
@ 5.70 as a play on high oil prices. Added to DIA oct 132 put position
with a put @ 2.50 bringing the basis to 3.38.

Also took Synaptics SYNA oct 45 calls @ 2.25.Synaptics Inc., makes
touch pads and other products for electronic devices. Bear Stearns
analyst Andrew J. Neff, who has a $60 target price on Synaptics
stock, said it appears that Apple Inc. is using Synaptics technology
in its new iPod nano and iPod classic models,an affirmation of the
company's technology. The company is also making progress in the
mobile phone market, he said.