Friday, the dull day

General notes
To the margin of the SNDK trade:

SanDisk Corp. (SNDK) swung to a first-quarter loss, hurt by price cuts for flash-memory chips used in consumer electronics. SanDisk broke even on a per-share basis, compared with a profit of 17 cents a share in the year-earlier period. Sales rose 26% to $786 million, outpacing Wall Street's forecast. (CBS MarketWatch)

Watchlist additions and filtered trade candidates
DRQ - Drill Equipment
TTC-A: ESV, IBM, MRO, SNDK
GAPHV: AL, BHI, HDB, IBM, JOYG, PCAR, SNDK, TNB, RIG

Trade session notes
Nikkei...17400.41...-28.76...-0.2%.
Hang Seng...20526.50...-140.79...-0.7%.
FTSE...6438.10...-31.30...-0.5%.
DAX...7377.61...-9.41...-0.1%.

CBOE VIX

12.79

-0.42

1:25:16 PM I made a Long Strangle/Straddle market order for CTSH based on the most probable surprise factor as follows: 1 Jul 90 Call and 1 Jul 85 Put. (VIX was at 12.79 no change from last close). The stock was gently rising in eased volume. Got filled.

Open positions at market close 26 April 2007

Advanced positions - Leftover legs

.LMQEK

LRCX MAY 55 Call

$54.91

$1.4

$90.00

.SWFGI

SNDK JUL 45 Call

$45.20

$3.3

$110.00

.SWQSV

SNDK JUL 42.5 Put

$1.7

($120.00)