Schaeffer's Daily Market Blog Features: Wynn Resorts, Dell, Office Depot, AMEX Gold BUGS Index, and Holly.

CINCINNATI -- Among the stocks featured in the November 13 edition of Schaeffer's Market Blog are Wynn Resorts (NASDAQ:WYNN), Dell (NASDAQ:DELL), Office Depot (NYSE:ODP), AMEX Gold BUGS Index (AMEX:HUI), and Holly (NYSE:HOC). Schaeffer's Market Blog is just one of the many free market commentaries written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. To have this report delivered to you free via email every day click on the following link and you'll also get an opportunity to win an iPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13M&PAGE=1 .

Don't forget that many of our observations are available as audio presentations that you can hear on your computer or download from Apple's iTunes Music Store to play on a portable device such as an iPod. To see the full menu of podcasts, please visit http://www.schaeffersresearch.com/commentary/podcasts/.

11:38 AM Save Money on Gasoline

We're starting a new video series today at our Audio and Video center at http://www.schaeffersresearch.com/commentary/podcasts/. It's called Fuel Report.

Pooling all our resources, which include the latest crude oil prices, oil inventory reports, geopolitical news, and the overall state of the economy, we aim to answer one simple question: should we fill up the gas tank today, or wait? That "I just saved 10 cents a gallon" feeling always makes my day, and it adds up over the course of a year.

We'll also try to flag moments when it would be good to go long on energy stocks, and moments when it might be prudent to move your money elsewhere. "In the short term," said trader John Stewart, here at Schaeffer's Investment Research, "we see volatility in the oil sector. Looking farther out, we have a bearish bias."

11:53 AM That's a Wynn-er

A positive mention in this week's Barron's and news of a management shift have helped Wynn Resorts (NASDAQ:WYNN) rally to a new all-time high in Monday's trading. The gaming concern said its International Marketing Chairman, Jack Binion, will hand off his day-to-day operational responsibilities with Wynn Macau to serve as director of the Wynn Resorts SA unit and serve a prominent role on the development team of the company's Macau operations.

The short sellers are likely to be heaving a collective sigh today as their losses escalate. Despite a 19-percent decline in shorted WYNN shares last month, almost 17 percent of the company's float available for public trading remains sold on the short side, keeping a foundation in place for continued short-covering action, which can fortify the equity's uptrend.

11:56 AM Dell Reiterated at "Buy"

Deutsche Bank reiterated Dell (NASDAQ:DELL) at "buy" this morning, and the stock was up almost two percent at last check at $25.34. After a prolonged decline, the stock bounced off the 20 level in July. It has now taken out resistance at its 10-week moving average, and is sitting on its 10-month trendline. It has not closed a month above this latter moving average since July 2005, so this is a big deal although, of course, the month isn't over yet.

Sentiment is mixed. At less than two percent of float, short interest is small, so there is not very much fuel for a short-covering rally. The stock boasts a Schaeffer's put/call open interest ratio (SOIR) of 0.79, indicating that puts are a little less popular than calls in the front three months of options. However, this ratio lies in the 80th percentile, closer to an extreme of pessimism than optimism, so it signals that there might be money waiting on the sidelines. The brokerages tracked by Zacks show an encouraging degree of skepticism toward DELL. With 14 of 22 analysts keeping DELL at a cautious "hold" or worse, there is certainly room for upgrades if the stock stays above that 10-month trendline and then move higher. One to watch. The 10-month moving average is in the 25.15 region.

12:09 PM Office Space

Options players have poured into the Office Depot (NYSE:ODP) pits today, giving special attention to the retailer's January 2007 pits. Both the January 2007 40 put (ODP MH) and the January 2007 45 call (ODP AI) have seen more than 6,000 options change hands. Coming into today's session, these positions were home to 1,241 and 3,779 open contracts, respectively. This backdrop suggests that today's activity is likely to translate into new open interest.

Blocks numbering almost 6,000 contracts crossed the tape around 10:00 a.m. at both strikes. The put contract traded off the bid of $1.00 per contract, while the call also went off at the bid at $0.90. The most likely scenario is that this is a strangle trade, where both positions were sold (a look at implied volatility changes tomorrow can help confirm this). A short strangle is typically put on when the trader expects moderate volatility from the underlying shares. Risk is theoretically unlimited, while profit is limited to the premium collected from the trades. Office Depot is currently expected to report quarterly earnings around mid-January, right around the time these options are due to expire.

3:21 PM Energy and Metals

We're coasting into the close here with the Dow up 26 points and the Nasdaq leading the way up 13 points. Most sectors are up and the biggest loser is metals, with the AMEX Gold BUGS Index (AMEX: HUI) down 0.67 percent. Still, the HUI is up nearly six points from its low earlier today. One area that has caught my eye today is energy. The group was down big early, but it's fought its way back and is now down just a little bit - as the Oil Service HOLDRS Trust (OIH) is down 0.28 percent. Technically, my favorite looking play in energy is Holly (NYSE: HOC) - which is up a very impressive 3.39 percent today.

For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Click here to read all of today's Market Blog: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13C&PAGE=1.

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About Schaeffer's Investment Research (www.SchaeffersResearch.com)

Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method .