SPY Weekly Bear Call Spread

Andrew Wilkinson submits: NVidia Corp. (NVDA) – The chip maker’s designation as a potential takeover target for software giant, Oracle Corp., sent NVDA’s shares higher and inspired one options player to position for significant bullish movement in the price of the underlying stock going forward.

Andrew Wilkinson submits: Southwestern Energy Co. (SWN) – Shares of the independent energy company engaged in natural gas and crude oil exploration, development and production increased as much as 1.6% at the start of the trading session to touch an intraday high of $32.60.

By PowerOptions:In an article posted on February 8, 2012, a bear-call credit spread was considered for Clorox (CLX) as a way to hedge an existing bullish portfolio. There is very little potential return left in the initial 2012 March 72.50/77.50 bear-call credit spread, so consideration for managing the position will be given.

Andrew Wilkinson submits: SPDR S&P Retail ETF (XRT) – Pessimism on the retail ETF took the form of a put butterfly spread today, suggesting one strategist is prepared for the price of the underlying fund to decline by December expiration.

Andrew Wilkinson submits: Best Buy Co., Inc. (BBY) – Shares of the consumer electronics retailer are up 1.25% to stand at $34.31 as of 11:15 am ET, but earlier rallied as much as 2.9% to touch an intraday and one-month high of $34.86.

By Andrew Crowder: Today's price action had the bears extremely excited for most of the day. While most experienced traders expected some support at the 1400 level, I am not sure that anyone was expecting the bounce that we witnessed during the latter part of the day.I am still somewhat bearish. My thought is that we will eventually see the two SPY gaps (11/19 and 11/29) from November close over the coming month. But as we all know, there are no guarantees. No one holds the holy grail to trading.

Andrew Wilkinson submits: Patriot Coal Corp. (PCX) – Coal-calls are a hot commodity today with shares in Patriot Coal Corp. soaring 6.85% higher this afternoon to touch an intraday high of $18.71. The fourth-largest eastern U.S.

Andrew Wilkinson submits: Delta Air Lines, Inc. (DAL) – Bearish option traders bombarded Delta with pessimistic strategies today after the firm stated total December traffic declines 7.5% versus the same time in the previous year. Despite the decline in traffic, shares of the U.S.