Netflix Puts

I came across the Netflix (NFLX) chart based on my research in Investor's Business Daily. After looking at the charts for some candlesticks the set-up on the 27th and 28th seemed right to buy some puts. I decided to ladder my put activity, so I bought 1 Jun $90 put at $3.30 and 1 Jun $95 put at $4.10. With the nice downward move today like I expected, I'm currently up on both trades.

My Vasco Data Security Upgrade

Just a little background on why I like VASCO Data Security International INC (VDSI) and how I escaped a possible calamity in late 2007. I actually picked up some shares of this company, which was active on Investor's Business Daily 100 back in October and November 2007. I decided to sell Dec 25 covered calls to pick up some extra cash and lower my entry point. Well...December rolls around and damn if my shares didn't get called away. At the time I was a bit disappointed, but as one can now see, I was extremely lucky.

VDSI is now trading in the 11 range. This week, I was trying to get into the Sep 7.50 and Sep 10.00 calls, however they are trading a tad expensive, so I may just buy the stock outright. The market has been taking a drubbing this week, yet VASCO has fought back and gained some ground. The company is well positioned in the overseas marketplace and is well linked to the security issues the world is constantly facing.

For final disclosure, at the time of this post I do NOT own any shares or options on this stock.