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Commodities are a TAX. They are the worst kind of tax because they flatly (not progressively) charge every man woman and child in this country more money for the same food, fuel, shelter and clothing that they had to have last week in order to live.

That’s right, I said WIMPS!

I have never heard so much whining and crying and complaining about a market drop as I have the past few weeks. Last week, I pointed out that we had only fallen 105 points from the prior week (10,172 to 10,067) and this week we fell ALL THE WAY to 10,012 to finish the week and you would think the world was ending (again) from the way the MSM has been acting.

Jim Cramer of CNBC finally followed GTM’s advice on the banks (but he never contacted us). GTM said to avoid Citigroup, especially the secondary offering. At the time, Cramer said buy, buy, buy, the secondary. Well, it only took Cramer about 6 more weeks than GTM to realize he needed to change his mind.

What a day in the market! This morning Treasury Secretary Tim Geithner and former Treasury Secretary Hank Paulson will be on the hot seat regarding the bailout of American International Group (NYSE:AIG). The members on Capital Hill are wondering and asking why AIG was bailed out? The perception from many

Read the weekly reviews of Philstockworld Member picks rarely available to the public!

An in-depth review of the week's trading and the news that made it happen along with links to more analysis as well as a detailed discussion of how we take advantage of day-trading index options during expiration week - something we are able to do every month of the year!

80% of our trades (60) were successful in the past 2 volatile weeks because we identified and played a range.

In a previous OptionMaestro.com post, I outlined 30 stocks which I wouldn't mind going long at these levels. I wrote about getting long the stocks by using the buy-write option strategy. This is an updated post to that one, adjusting the strikes and prices accordingly for options expiration today.

With the November options expiration approaching us Friday, I thought I would outline some trade ideas on stocks I wouldn't mind going long on, that would return good percentages by Friday (as of market close Friday November 13, 2009). When using the buy/write option strategy, it is important that you are willing to hold the security in case it is below the strike price at options expiration.

As of today the top ten most active stock option contracts traded were:

1. BP (BP) November 55 Call Options
2. BP January 50 Call Options
3. BP January 40 Call Options
4. Eli Lilly (LLY) January 30 Call Options
5. S&P 500 SPDR (SPY) November 107 Put Options
6. BP January 45 Call Options
7. Bank of America (BAC) November 16 Call Options

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Friday, November 6, 2009
Most Active Stock Options November 6, 2009 & Trading Activity
As of today the top ten option contracts traded were:

1. Volatility Index (VIX) January 22.50 Put Options
2. Volatility Index November 22.50 Put Options
3. Ford (NYSE:F) January 2011 5 Call Options

Top ten option contracts traded Friday October 30, 2009 are:

As of today the top ten stock options traded were:......

As of today the top ten most active stock option contracts were:

1. PowerShares QQQ (NASDAQ:QQQQ) December 40 Put Options
2. S&P 500 SPDR (NYSE:SPY) November 108 Put Options
3. S&P 500 SPDR November 107 Put Options
4. Microsoft (NASDAQ:MSFT) November 30 Call Options

Continue reading at: http://optionmaestro.blogspot.com/2009/10/most-active-stock-options-octo...

In my blog post Monday I listed a few stocks which I would be willing to go long by selling the puts right before the stock reported earnings. If you missed it you can view the details here. As indicated I took positions on Apple (AAPL), Caterpillar (CAT), Texas Instruments (TXN), SanDisk (SNDK), Walter Energy (WLT), and Yahoo!

In my blog post Monday I listed a few stocks which I would be willing to go long by selling the puts right before the stock reported earnings. If you missed it you can view the details here. As indicated I took positions on Apple (AAPL), Caterpillar (CAT), Texas Instruments (TXN), SanDisk (SNDK), Walter Energy (WLT), and Yahoo!