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Crude oil has been range bound from $50 to $62 over the past 2 months, and prices have seemed to stabilize in the short term. Longer term, we believe that there will be a recovery in oil prices and that we will settle in the $70-90 range.

On April 17th we bought the ServiceNow (NOW) November 2015 $75 Calls for $6.30, and sold the November 2015 $65 Puts for $5.40. Today the stock trades around $76.08, and we are closing both of these positions for a gain.

Yesterday after the market close ServiceNow (NOW) announced updated Q2 guidance of $237-242M which is lower than the expectation of analysts of $241.9M.

On Feb 4 we bought Puts on AT&T at the April $34 strike, and today there was an annoucement that Apple will replace AT&T in the Dow Jones index of 30 companies.  The stock is down in trading this morning to $33.55 and we are closing our puts.

Today the FCC Chairman Tom Wheeler announced that the internet would remain neutral and ISP's and telecom providers couldn't discriminate users based on bandwidth usage.

Alibaba has been publicly traded for about 41 days now and debuted on the US market above $90/share due to high demand from investors and institutional buyers.

Two weeks ago we sold the November $50 Puts on EBAY planning on a pull back on the stock due to Apple's entry into the electronic payment market.

Apple announced last week that they will release a payment solution that is integrated into the new Apple iPhone 6 called Apple Pay.  This solution will allow users to pay merchants electronically through their phone without having to pull out their wallet and credit card.

On April 11 we opened up a synthetic long position on HPQ by selling the Jan 2016 $30 strike Puts for $4.11, and buying the Jan 2016 $30 strike Calls for $5.90.

Sandisk (SNDK) released earnings that were positive on the top and bottom line, however investors are pounding the stock today because margins are lower than in previous quarters.