INTU - Week 2

The stock has moved up a bit from last week. Correspondingly, the Put I am watching has gone down, and the Call I am watching has gone up. I will be tracking these here for a while because I want to establish a feel for the relationship between the underlying stock and these options.

Date	Stock Price	Jan 2007 Put 45	Jan 2007 Call 40	Jan 2007 Call 45
October 28	45.74	3.70-3.90	9.60-9.90	6.50-6.70
October 21	$44.72	4.00-4.50	9.00-9.30	5.90-6.80

INTU - following the Jan 07 $45 put

The Jan 07 $45 put today is priced at $4.00-4.50. The stock price is at $44.72. The put option is down from where it was about three weeks ago. It looks like the stock price is around the same, maybe slightly higher than it was about three weeks ago.

What do I conclude from this? Nothing yet - I haven't been monitoring this one long enough yet to draw any conclusions.

Just for future reference, I am noting that the Jan 07 $40 call is priced between $9.00-$9.30 and the $45 call is priced between $5.90-$6.20.

INTU - moving down

INTU is one of my favourite stocks to watch.

I've done some trading in call options before but not in put options. Since INTU is showing a downward trend right now, I wonder if there might be an opportunity for a put play?

The INTU Jan 07 $45 put is priced at $5.50-5.90 today. Let's watch it to see where it will go as the stock price changes.

MACR - What will it do next?

This chart caught my attention. The underlying stock has had an almost steady climb from November to June then fell. Since August it has been relatively flat but with a slight upward movement. What will it do next? Let's watch and see.