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Bears Going for Hat Trick
May 24th, 2013

12:40pm (EST)

If you are ready to give up everything else – to study the whole history and background of the market and all the principal companies… as carefully as a medical student studies anatomy – … and, in addition, you have the cool nerves of a great gambler, the sixth sense of a clairvoyant, and the courage of a lion, you have a ghost of a chance.

The talking heads and suit-and-ties have been warning everyone to get out of the market since Wednesday’s peak and to expect a 5%-7% pullback from here on out.  Sounds like the same broken record that has been playing since the start of the year.

We used the above quote because it really describers the mentality of an option trader and why we are outperforming the market and most of the Wall Street pros.  Talk is cheap when you don’t do the homework and perhaps, there could be a pullback, maybe 3%-5% as the bears are carrying a little momentum as we head into the weekend. (continued…)

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If you are not a subscriber but would like to get more, real-time trades, please click here.  We are one of the fastest growing stock options trading advisors on the internet.  We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis.

We are having an incredible 2013 as our CLOSED 2013 Track Record is now a sizzling 60-33 with a boatload of triple-digit winners. Some of our recent gains include 140% on the SolarCity (SCTY) May call options, 173% on Big Five Sporting Goods (BGFV) May call options, 263% on Regeneron Pharmaceuticals (REGN) May call options, 100% in Beam (BEAM) June call options.

Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours.  We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap.  If you are not yet a subscriber, come see why jaws are dropping for those who follow Wall Street and options trading.

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MomentumOptionsTrading.com New Trades for 5/24/2013
May 24th, 2013

11:10am (EST)

We have 2 NEW TRADES we are adding to our Daily portfolio as we want to add some protection in case the current pullback continues into next week.  The 2 put options we are recommending are on familiar names and we are looking for quick drops to support over the next week or two.

These trades will be short in nature as we would like to be out of them by next Friday’s close because we are playing June options.

Subscribers, check the Members Area for the updates and we will be back shortly with our midday update.

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Uptrend Still Intact
May 24th, 2013

9:00am (EST)

The whipsaw action between the bulls and bears continued on Thursday with the bears winning their second-straight session for the first time in over a month.  The bears haven’t put together a 3-session win streak all year and the bulls were able to battle back and held support for the most part.  Today’s action could be crucial in how the market finishes the month of May.

The Dow slipped a 12-pack, or 0.1%, to settle at 15,294.  The blue-chips traded to a low of 15,180 and closed just under our 15,300 support target.  The index nearly finished in positive territory after trading to a high of 15,348 and the 168-point turnaround was impressive.  There is still danger down to 15,000 on headline risk but a close above 15,355 will get the bulls the win for the week

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If you are not a subscriber but would like to get more, real-time trades, please click here.  We are one of the fastest growing stock options trading advisors on the internet.  We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis.

We are having an incredible year as our CLOSED 2013 Track Record is now a sizzling 60-33 with a boatload of triple-digit winners. Some of our recent gains include 140% on the SolarCity (SCTY) May call options, 173% on Big Five Sporting Goods (BGFV) May call options, 263% on Regeneron Pharmaceuticals (REGN) May call options, 100% in Beam (BEAM) June call options.

 

Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours.  We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap.  If you are not yet a subscriber, come see why jaws are dropping for those who follow Wall Street and options trading.

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Bulls Buck China Contraction/ New Trade!!!
May 23rd, 2013

1:05pm (EST)

Much is being made of yesterday’s 1% pullback and last night’s news that China was contracting instead of expanding sent a shockwave to the overseas markets as China’s futures exchange was halted on the news.  This led to a tanking U.S. futures market and a lower open on Wall Street but the bulls have battled back to nearly breakeven for the session.

We are somewhat surprised by the action as we thought a stronger test to support would come but we did feel like the indexes would hold.  The first wave of support was expected as the 1% drop at the open was a given.  The question would be if the second wave would be tested or if buyers would step in.

One index we have been harping on for clues of a continued rally or warnings of pullback is the S&P 500 Volatility Index ($VIX, 14.10, up 0.28).  Besides our pinpoint accuracy targets for the indexes, the VIX has also given us great clues in forecasting the market’s action although the suit-and-ties continue to dismiss the index.  We will have to see if today’s pop over 15 is a continued warning sign of the slight pullback everyone and their sister has been waiting for.  If the VIX holds 15 and if the bulls can hold current levels; and end higher on Friday then there is a chance the indexes continue to set new highs into next week.

That is a lot if’s and’s and but’s for the bulls and the same case can be made for the bears as today’s attack has been wasted if the bulls can breakeven for today’s session.  We are in a sweet spot as our portfolio is light and our current trades are on cheap options that stretch out into June and July.

We still have another week to go before May is over and we have mentioned we believe the current rally could extend into June before the bears make a serious attack.  Today’s action has been scary for the talking heads but we have given you the clues to keep your emotions in check.

As we head to press, the Dow is up 4 points to 15,311 while the S&P 500 is off 5 points to 1,650.  The Nasdaq is lower by 4 points to 3,459.

We have some more updates to go over with our current trades and we have a NEW TRADE so let’s go check the tape.  Subscribers, hit the Members Area for the latest comments and action.

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Bears Win Volatile Sessi
May 23rd, 2013

9:00am (EST) 

We mentioned in our Weekly Wrap and in Monday morning’s Daily that Wednesday would be volatile as Fed speak heated up.  Ben Bernanke tried his best to fuel the bulls’ fire and he did, at first, as the indexes hit euphoric highs, before going down in a blaze of glory.

The indexes danced past our extended fluff targets on Big Ben’s initial comments but started to fold like a cheap lawn chair after he started sending mixed messages.  We will spare you the rhetoric on the QE “tapering”, easing, or possible expansion as support did hold.  The bears made some noise while we were ringing the resister on 8 winning trades!  It was the most profitable day we believe we have had in a few years and we expected the fade once we saw what could be the “blow-ff” top we usually see n bull markets.  Of course, it’s too early to say what the rest of the week holds as we have 2 full trading days before the holiday weekend but our portfolio is light with yesterday’s profit taking haul and we are anxious to play a continued slide or a rebound to extended all-time highs.

We closed 7 more winning trades for the DAILY and here were the gains:  +300%, +9%, +80%, +20%, +146%, +206%, and +100%.  We would list the names but we do have a few open trades in some of the names we closed and we will likely be playing these stocks again back to the upside with call options or to the downside with put options.

We also took profits in our Cisco Systems (CSCO, $23.34, down $0.67) trade for our Weekly Wrap as we told our subscribers they would have a good quarter and shares could pop.  We recommended getting in at just over $20 last week to play the upside and we set a Hard Stop to protect profits.  We mentioned shares could struggle at $24, they did, and our $23.50 stop was triggered for a 14% win.

As far as the battle between the bulls and bears…what a Wednesday

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If you are not a subscriber but would like to get more, real-time trades, please click here.  We are one of the fastest growing stock options trading advisors on the internet.  We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis.

Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours.  We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap.  If you are not yet a subscriber, come see why jaws are dropping for those who follow Wall Street and options trading.

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2013 Closed Trades:

    Here are our biggest recommendations for 2013 so far: +367 on REGN call options +173% on BGFV call options +140 on SCTY call options +178 on SNE call options +128% on SNE call options

    Our 2013 Closed Track Record for the Daily and Weekly Wrap are posted in the Members Area along with our 2012, 2011, 2010, 2009, and 2008 Track Records. We have NEVE had a losing year and we are having an incredible 2013!

    We were 159-70 for 2012, our fifth-straight profitable year since inception, with over 30 triple-digit winners and 17 more winners of 70% or more.

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    576% on GMCR put options;
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    and 292% on COF call options. We doubt any option newsletter performed as well as we did.

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    +357% RIMM option play
    +296% Freeport option trade
    +190% O’Reilly
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    We had 21 triple-digit winners and 12 (70%+) on 154 trades

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    +177% Best Buy option trade
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    We had 19 triple-digit winners and 6 (70%+) on 115 trades

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    +556% RIMM option trade
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    We had 79 triple-digit winners and 19 (70%+) on 238 trades

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    We had 65 triple-digit winners and 13 (70%+) on 142 trades

    The portfolios can be found in the Members Area as well as past portfolios from 2008-2011. Overall, we are 621-273 on nearly 900 real-time recommendations that equals a success rate of 70%. This means, on average, 7-out-of-10 of our option trade recommendations make you money and we hope to have an even better success rate for 2013.

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Trader Comments:
    I just want you to know that I love the way you write and explain everything. I am new to this, and have lost 50% of my account until I met you guys. Iit is slowly coming back. I will be calling to set up a year of membership rather than the one quarter. Thanks again, and LOVE YOU ALL. REGINA L.

    Rick, I appreciate the advice. I think I will just sit back and utilize your selections only for awhile. This will obviously save me a great deal of money in commissions. I have gone thru your entire site including the video on money management. This has brought me to the stark realization that I have been trading too much for too little. I definitely have not been "swinging for the fences", but I also think I have been getting impatient with trades and getting out too fast. This has no doubt caused me too trade too much. I like, and definitely agree on, the advice on money management. Thanks for the help. STEVE T.

    Thank you!!! I held on to the NFLX position since Nov. 13 at a cost of $1.89. Sold ½ on April 14th for a 540% return and the other ½ upon earnings for 702% return. Total profit of $11,615 a 621% return. Keep the recommendations coming and thanks to you and your team for the service you provide. SCOTT H.

    Rick & Team, GREAT Call on NKE for my two trading accounts:
    1) Entry at .65, out at 1.45, 1.55 Profit = $415
    2) Entry at .60, out at 1.75, 1.50 Profit = $485 PETER G.

    Hey Rick! Here is an update on what your picks have done in my accounts.

    1) Great call on the JoyG March 55. I bought when you said, then bought again on one of the dips. Booked 80+% profit. Made enough to pay for your service for years to come.

    2) Also booked profits on your Berk Feb 74 (80%) and threw a major chunk of change at the March 75’s (190+%). I would have never known that Buffet's stock had split if it weren’t for your service. Bought the shares also for the long haul. Won’t look at them for another 20 years. Great job on getting us in before the indexes did.

    3) Took profit on your Imax March 12.5. 20 cent trailing stop at 1.90 yesterday. Not sure what the profit on that was, but profit is profit.

    I see that you took a loss on some of these. It’s all good. I look to trade your “ideas” not your exact calls. I THANK YOU! For your ideas and commentary. Keep up the good work. And keep those ideas coming. LAWRENCE O.

    Loving this subscription so far! I got into the BRK feb 76 calls the day you talked about right before the split...now up over 300% (0.70 to 2.475)! Keep the good picks coming and let's see some OSIS and EMC upside soon! Just wanted to share my positive enthusiasm on your newsletter...it gives us individual investors great ideas on not only the options market, but also the broader equity market! Case in point is BRK...I can't always read the breaking business news but its easy to read your twice daily updates on my smartphone...helped me get some BRK shares immediately after the split which I will hold for the long haul! Thanks again! C.J.

    Aloha Rick - Thank you so much for the great CL pick. I am not sure if there was buy-out/merger news or what but at 3PM today Colgate-Palmolive absolutely EXPLODED to the upside, and my calls turned into green candy when they went from 1.40 to 3.8 in a matter of seconds! I even sold a few for over 4.0! Much thanks and keep the solid picks up my friend, honestly. Only a fool would scoff at 267% gains... Peace! SHAUN

    I like the fact that you ask for comments from subscribers. Good customer service. By the way, am enjoying the service so far. Some good profitable calls. Keep up the good work. MICHAEL K.

    Woo hoo! Out for 50% on WMT this am. Making up for my depression for getting out of pcln for a 30% gain monday :( you the man! any word on the manual? My friend Mike ( who I sent to your service) told me he emailed you about your integrity in reporting fills. I echo that sentiment big time.. keep it up! Cheers!
    PARAG P.

    Hi Rick, as a new member all I can say is, 'show off' LOL, with PCLN. JAY P.

    Rick, I am a new subscriber to your service, and I want to say I am impressed. I am impressed by your results, but more than that I am impressed by your reporting of your fills. You could have easily said you got that Wal-Mart call today for 80 cents, instead you reported 98 cents! Good job and keep it up, I watched the reporting of the fills first, and then I subscribed. Thank You. MIKE

    Hi, good morning. I jumped the gun a little on this one (PCLN). But still made $1,675.00 profit!! Very happy!! Keep up the good work!! Thanks. TRISH D.

    Hi there, I have joined recently, and I am very happy to tell you that I am up over $10,000 on your picks in a month. I started on 10/7 with the Intel pick. I'll be your member for life. Please don't quit on us. Also, I am learning a lot about options. I didn’t get in your recent APOL and that gold trade and only had one loss on CHK. I appreciate all the DD you do. I enjoy your market commentaries. Best advice site period, and I have tried a few here and there. Again, you guys rock! MIN L.

    Thanks be to Momentum Options Trading for providing me with some fantastic wins. I just started with this service and am up nearly 50% in less than a month. There have been losses, but if I manage them properly, I will continue the best efforts given on the blog (in which there are no complaints). What a great cause for humanity. I feel more confident about my trades and continue to play the wins. Best of all, I am now keeping my regular paychecks in the bank! Thank you! JOE G.

    Rick - I wanted to say thanks for getting me started on the right foot with your service. I have made six trades since starting on October 22, 2009. Five are winners and One loser netting me $6,245. Thanks again and keep the trade recommendations coming. GREG F.

    I got into the Nike 60 Call at 1.85, sold at 5.00, also bought a 55 put at 1.05, but got stopped out at .35. What a ride! $2830.00 in the black even with the put. It's right at 100% return. I hope earnings season coming up is going to look like this trade. NOEL

    Nice call on Nike. I think I'll go buy a pair with my profits! : ) I did the straddle for safety but still made 62% on the trade. Not bad for less than 24 hours. If Goldman is right, then the Nov 70s or 75's could be a steal today. TODD F.

    What a sweet way to get introduced to Momentum. My first trade based on your picks and it a 2X. Thank you! PAUL H.

    “Limit order was set at 1.60 on RIMM so it sold. I may have left some money on the table but you can't go broke making a profit. That was a fun trade. Thank you. Good call. I’ve been watching and trading Rick's advice since March. It’s usually a fun ride, but I give him heck when it's wrong to. :) ” NOEL

    “Your service rocks! I made bank on Dendreon last week! The other thing I have to say is that it took me quite a while to find a REAL options trading service like yours. Most of what’s out there is 99% scam and very sketchy. Momentum Options Trading is the first service I found that I can trust and seriously make money with.” CHRISTIAN

    “I made $420.00 on ANF in 2 days. Thanks for the trade and updates on getting out of the trade.” JOHN

    “I did follow a lot of your trades with 1-2 contracts per trade and YTD I’m up 108%. I try not to follow blindly by not entering all of your trades and sometimes entering the ones you don’t. I entered AIG a few weeks ago against recommendation – that one hurt.” CHARLES M.

    “I have been following you for several months and am interested in the new service. I hate to see the free service go away but as they say, “all good things must come to an end”. My ability to join will be greatly influenced by the monthly fee so I’m very curious to see the new prices. Thanks for making April a great month for me and my family.” BRYAN C.

    “I have really enjoyed the past month since finding your blog. You have made some great calls. I would appreciate info. on the new options mentoring program. Thanks.” JOHN H.

    “Hi Rick, I have been following your blog for several months now and I would like to be including on the list for your new service and to receive more information about it. And yes I was a Dendreon winner with your tips. Turned $280 into $7700, and literally saved my butt.” JEFFREY

    “I made over 6k on your Dendreon trade, and I’m very interested in learning how you pick and trade options. Sign me up.” ED

    “Rick – Wow what a day! I got in at the Dendreon calls at $2.25. Thanks to for your advice. I appreciate that. This company has a lock on this type of therapy and no one else in the world is close. Kind of reminds me of the type of companies that Peter Lynch and Warren Buffet suggest that investments be made in. Companies that can build a moat around their business model, that allows them to charge a premium for their product or service. In other words - a monopoly.” GREG

    “Hi Rick, Thank you so much for the Dendreon trade, I made almost $10,000 with that trade with a little over $2,000 investment. You have shown me the power of options trading. Again, thank you so much for all your inputs.” KEN

    “Hi Rick, thanks for the encouragement to play the dendreon calls! did freaking great! Got in the first lot at $1.44 on 3-24-09, sold at $2.45, 70% not bad. Bought it back at $2.30 on 4-7-09 closed out on 4-14-09 for 454% gain! Wow! I love it when that happens. So, thanks the encouragement to get back in when others were saying sell, sell, sell. Keep up the good work.” GARETT

    “Rick – Thanks for Dendreon – it has made all the headlines today! I missed on RIMM earlier, but I’ve been holding onto DNDN calls since 3rd week March. Of course today it all paid off today, as DNDN rocketed up.” TERENCE

    Jan. 31 2012
    Rick, new member...Studied all current trades, did some chart work,picked ZNGA, PEP, MGM...Sold on Feb. 2 for $3600.00 profit...Cost for 1-year membership to your newsletter was less than $1000.00..All I have to say..Thank you. John H –

    3/18/11
    Rick, I purchased 10 contracts of the Nike March 85 puts Thursday afternoon for $2.00. Thing is, I was upset because the puts went down to $1.60 or so before the market closed. Well, needless to say Nike didn’t impress Wall Street and when I turned on the computer this morning the puts were worth $7.10! Sold them for a $5,100 profit!. Thanks again, you are the MAN. Chuck J-

    2/3/12
    Hi Rick,

    I will start off with a thank you for your time and dedication to all
    the research you and your team commit yourself to. This is not me just being excited about the profits I have accumulated aka (bank) ! You have helped me get back to the passion I had of researching stocks/options. Keith N-

    Hi Rick,

    I want to share my great results on GMCR. Based on your comments on February 15th, I bought 20 options at $0.28. They closed today at $7.00, which is a 2,300% gain. My $560 dollars turned into $14,000 in less than a month. In decades of trading, this is my single best trade ever. Thank you! By the way, the Dow was down 228 points today and I could care less. What a great trade. It proves the amazing power of options. I am so grateful for your service, which calls it straight all the time, your options trading manual, and most of all, your amazing skill
    at finding winning trades. I have attached a copy of the trade from
    my brokerage screen.

    Hi Rick,

    Wow!! my account it up 70% since i joined last month and market is going the opposite direction. Really appreciate your service. I just wanted to drop a note to say THANK YOU. Hope to be with you guys for a very long time. Mel

    Rick,

    Great call on Fosl I bought the may 120 puts for 3.70 yesterday morning just sold for $32.00 today
    Keep up the great work
    Thank you, Henri

    Rick –

    I bought 10 Deckers Outdoor (DECK) May 55 puts at $0.50 on 4/26/12 and sold them on 4/27/12 for $1.65. I made $1150 in one day. Thanks. I knew something good would happen sooner or later.
    HOW THE HECK did you know Green Mountain Coffee (GMCR) was going to go down 20 points???!!!! I bought 10 of the May 35 puts at $0.49 and then 5 more at .30. I sold them at 5.80. Thank you again.
    You have made a believer out of me. Alan

    Rick –
    I have only been a member for about 6 weeks but I have done well on most of the trades. My first two were QQQ and SPY a month ago and since then I've gotten into the groove and been doing well.
    I try to execute the trades that you recommend as soon as you send them out, sometimes I can't and I miss the Entry price. However, sometimes when I miss the Entry, the price goes down and I get a better price.
    That's exactly what happened with GMCR.
    You recommended it at around $.81 I think, but by the time I got to it, the price was $.27. I bought 100 Puts on Wednesday May 2, 2012 and sold half of them 24 hours later at $5.95 for a nice 2,203% gain. As per your recommendation, as GMCR went above $30 I sold the remaining 50 Puts at $5.50 for a slightly less 2,037% gain.
    On average that one trade netted me a 2,120% gain, entirely based on YOUR recommendation (and a little bit of luck). To put this in real terms, I risked $2,700 on Wednesday and pocketed $54,550 just 24 hours later.
    So uhh, let's do that again real soon!!
    Feel free to use my name. The tax guys have me on speed-dial already anyway. Dennis

    Rick:
    That was awesome on your GMCR pick, I know how risky it can been holding into earnings but you pulled it off. 
    I just started my autotrading with you today and am in on your QQQ play. I look forward this service. 
    I have a busy career and I have tried to follow and trade throughout the day and found it too hard. I hope you continue to have a great year, I plan to go along for the ride. I am starting slow but will pile more in once I have secured some profits. 
    Keep up the good work your trading has been spot on. I am sure you paid your dues to get this point in your career. Anthony

    Rick:

    Great call on GMCR!  I have been trading for about 15 years actively.  This may be the best trade I ever made.  Got in on Monday, April 30 and the stock was up from when you recommended it.  It went up further after I got in.  Here are the facts:
    Monday, April 30th: Bought 15 June 37's at $1.25= $1900 approx
    Thursday, May 3rd: Sold 15 June 37's at $9.30=$13,950
    Gain for the week: $12,050.
    I understand you will not get them all right.  It’s important to ride those winners and as you could tell from my selling price, I sold when the stock went to $28.10, so left a little on the table.  Who can complain.
    Keep the suggestions coming, looking for another jump on your FSLR, one that I have been riding very hard.
    Best regards, Bob
      

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