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Friday, March 11, 2011

1 Week in Zagg trade....Code Orange

There is one more week left in the current ZAGG trade. Currently, the trade is Code Orange. The stock closed at $7.64 . That is a change of -$0.73 from last week. The March $10.00 call closed at $0.25. That is no change from last week.

The fact that there is no change in the call price while the stock moved down shows a very high level of speculative action due to earnings being released on March 14th.

Earnings for the Dec 2010 quarter will be released on Monday, March 14th. This earnings report will probably have a large effect on the trade.

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