Stock price only has to rise 4.25% to double option price

Jim Cramer is adding to his position on EP during this pull back. I also am a buyer.

International Game Technology

IGT designs and manufactures computerized gaming equipment (primarily slot machines), network systems, and licensing and services for the casino gaming industry. North American operations contributed 77% of consolidated revenue in fiscal 2007.

What Gives It an Edge: Morningstar analyst Bradley Meeks believes International Game Technology benefits from a wide economic moat, as evidenced by its 70% share of the slot machine industry. IGT derives its advantages from its product-development capabilities (spending nearly 4 times more than its next competitor), and significant barriers to entry in the industry, including time-consuming and costly local and federal gaming regulatory requirements, a wealth of patents, and significant economies of scale. Further making Meeks’ case for a wide economic moat, IGT is extremely profitable with operating margins in the mid-30% range, and the firm converts an average of 18% of revenues into free cash flow.

Take a look at JMBA, large volume stock could break out.
Large volume of option interest today.

Take a look at Pepsi, it is breaking out. The consumer food plays are going to make the money during this down turn in the economy

I watched the market slide lower and lower Friday. I made two purchases in the last 30 minutes. I was very happy with the lower prices with my purchases. We need to watch the market Monday and see if we get a correction. Many investors are buying airline stocks due to the low prices. This is a short play that the investors will sell once the gas bubble breaks and the airline stocks correct. If you get into this play make sure to set your sell orders for a quick correction in the airline stock. These are volatile stocks so be careful. EP was beaten down, it is a buy at a lower price.

Look for bargins Friday. Look in Coal and Natural Gas stocks. EP is still a hot buy.

Have a great holiday weekend!!!

American airline is getting hammered with the fuel crisis. For the gamblers who like to win big this one has all the right stuff. At some point this summer the fuel prices will come down and give the airlines a quick shot in the arm. When the fuel price bubble burst the airline stocks will bounce back.

Easy double. Stock price has to go up %5.15 for call double.

This is a CALL option play for WAB.
CALL symbol WABGI, July 45 dollars. The stock price only has to go up 12.83 percent for the option price to double.