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End of the Month...Looking Pretty

|Includes: BBRY, FSLR, GS, Intercontinental Exchange, Inc. (ICE), ISRG, JNPR, LVS, MS, MSFT, NOV, PFCB, PRU, RIG

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Before my write up, I want to share with you the closed trades from April, just getting warmed up here!

April 30, 2009

07:30 | Bagger Vance ICE ($89.00) Sold to Close ICEER May 90 calls, at $4.30 -4%
07:27 | Bagger Vance ICE ($89.00) Sold to Close ICEER May 90 calls, at $4.30 +72%
06:35 | Bagger Vance GS ($129.00) Sold to Close GSEC May 115 calls, at $15.00 +58%
06:31 | Bagger Vance FSLR ($175.00) Sold to Close HJQEN May 170 calls, at $13.00 +160%
April 29, 2009
09:10 | Bagger Vance LVS ($7.80) Sold to Close LJJEF May 6 calls, at $2.10 +91%
April 28, 2009
09:43 | Bagger Vance PFCB ($32.50) Sold to Close HUOEF May 30 calls, at $3.20 +3%
09:41 | Bagger Vance MSFT ($20.00) Sold to Close MQFER May 18 calls, at $2.19 +56%

April 16, 2009
12:47 | Bagger Vance RIMM ($67.50) Sold to Close RFYDM May 65 calls, at $2.60 +86%
12:46 | Bagger Vance MS ($23.50) Sold to Close MSDX May 23 calls, at $1.60 +39%
12:45 | Bagger Vance JPM ($33.00) Sold to Close JPMDE May 31 calls, at $2.50 +32%

April 09, 2009
12:45 | Bagger Vance JNPR ($18.40) Sold to Close JUXDJ Apr 16 calls, at $2.40 +50%
12:44 | Bagger Vance PRU ($27.00) Sold to Close PRUDF Apr 26 calls, at $2.10 +50%
12:43 | Bagger Vance RIG ($66.70) Sold to Close RKJDL Apr 60 calls, at $7.00 +100%
12:42 | Bagger Vance NOV ($33.40) Sold to Close NOVDS Apr 30 calls, at $3.70 +90%
12:40 | Bagger Vance ISRG ($112.00) Sold to Close AXQDA Apr 105 calls, at $11.20 +149%

End of the month and some action for both sides of the aisle.  Volume was about even with yesterday and breadth was a bit weaker, but the window dressing was still in motion.  Given how far the market has run we could see a breather.  Keeping it light is the best thing at this point, taking profits (as we did today) is good medicine.  Tomorrow starts a new month.  For reference, April was one of the best months in years.  Sell in May and go away?  It could happen, but we'll let the market tell us so.

Hit 'em straight!

Bagger