Portfolio Update/This weeks picks

I pretty much got slaughtered last week in my short positions but was able to make a few good trades to keep my balance near 2k. View the screen shot below of my trades for last week:

The (AA)Alcoa Strangle was a total loss. The stock ended up not moving at all and time decay was eating away at my options. Note, I currently have two open positions, RIMM and HIG, both of which have been performing pretty well. I will probably sell those tomorrow to free up some cash to play earnings.

Being that I consider all earnings plays to be speculative, All of my picks for this week are spec.
I hope we all understand how important this week is considering it is a big earnings week and also options expiration week. The Out of the money options will be extremely cheap because time decay has run its coarse of them and with earnings this week I could make a lot of money if I play the right side of the fence(i.e. the Apr 55 Call for JNJ @ .08 could easily hit 1.50 if JNJ pops on earnings....JNJ currently @ 51.41).

This is what I will be watching and possibly playing this week. I don't advise that anyone make these trades with their personal money without doing your own DD(Due Diligence).

Monday
Talbots(TLB) - Price 4.11 - Buy Apr 5 Call @ .10

Tuesday
JNJ - Price 51.41 - Buy Apr 55 Call @ .08
GS - Price 124.16 - Buy Apr 125 Call @ 5.35
INTC - Price 15.99 - Buy Apr 17 Call @ .16 and/or Apr 15 Put @ .19

Wednesday
BTU - Price 28.00 - Buy Apr 29 @ .95

Thursday
JPM - Price 32.38 - Buy Apr 32.50 Call @ 1.87
HOG - Price 17.74 - Buy Apr 17.50 Put @ .80
LUV - 7.35 - Buy Apr 7.50 Call @ .30
PH - 39.13 - Buy Apr 35 Put @ .40
PPG - 44.99 - Buy Apr 45 Call @ 1.40
GOOG - 371.75 - Buy Apr 380 Call @ 10.85

Friday
C - 3.02 - Buy Apr 4 Call @ .07
BBT - 20.06 - Buy Apr 20 Put @ 1.00
GE - 11.41 - Buy Apr 12 Call @ .31
MAT - 13.37 - Buy Apr 15 Call @ .10


Unless the underlying hits these strikes tomorrow, we should see a sharp decrease in their prices. I didn't post any technical analysis for my picks this week because earnings will trump any technical indicators, so basically they don't matter. The only thing that matters is whether or not the company beats expectations.

Current Account Balance: 1910.37