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Bulls Looking For 7 In-A-Row

Friday, January 14th, 2011

1:45pm (EST)

We are running a little late today because we wanted to see how the market would hold up going into the afternoon. The bulls have managed to push the indexes to fresh session highs after a slow start and the bulls look poised to capture another weekly win.

One interesting development, the Volatility Index (VIX, 15.73, down 0.66) is down more than 4% to a new three-week low. For those of you who are new or unfamiliar with the VIX, it is an index that measure fear in the market.

A rising VIX means the market is nervous while a falling VIX is good for the bulls. Usually, a reading under 20 indicates confidence and calm while a reading above 30 indicates the bears are in control.

There is one stock we would like to cover before we roll out today. Biodel (BIOD, $2.80, up $0.30) is up another 10% following yesterday 25% pop. We profiled this company in our Weekly Wrap on Sunday night and said it could be active this week. We aren’t ready to jump back into the name just yet but we are keeping our eyes on it.

As we head to press, the Dow is higher by 40 points to 11,772 while the S&P 500 is up 6 points to 1,290. The Nasdaq is showing an advance of 12 points to 2,747. We have more good news regarding our current trades so let’s get to the updates.

Posted in BioTech, Hot Stocks | Comments Off

Seattle Genetics (SGEN) Making Noise

Tuesday, January 11th, 2011

1:05pm (EST)

The bulls are pushing resistance once again after a number of companies beat earnings expectations which has helped offset weaker-than expected economic data. Although the market has moved slightly below its session highs, the momentum is there for the bulls to close above our price targets.

The Commerce Department said wholesale inventories fell 0.2% to $425.5 billion after increasing 1.9% in October. The suit-and-ties had expected a 1% rise in inventories. Elsewhere, concerns about the European debt crisis have been put on the back burner (again) after Portugal said it would not seek a bailout and Japan indicated it would buy euro zone bonds.

As far as specific stocks, Seattle Genetics (SGEN, $16.62, up $0.80) is getting a pop after its CEO gave an update on one of its cancer drugs and said he expects fast-track approval from the FDA this quarter. Additionally, the company said it also received an $8 million fee from Pfizer (PFE, $18.30, up $0.04) for rights to use its cancer-fighting antibody-drug technology.

Seattle Genetics could also receive more than $200 million in milestone and royalty payments for any products that stem from the agreement with Pfizer which will be responsible for developing and selling the products.

We covered both companies recently in our Weekly Wrap but we favor Seattle Genetics more than Pfizer. Although Pfizer pays a nice juicy dividend of 4.4%, we think shares of Seattle Genetics break $20 before Pfizer does.

As we head to press, the Dow is up 53 points to 11,690; the S&P is higher by 6 points to 1,276 while the Nasdaq is higher by 12 points to 2,720. We will be back Wednesday morning with a full update. Subscribers, check for the HOT updates inside the Members Area.

Tags: call options, momentum options, Momentum stocks, NASDAQ: SGEN, NYSE: PFE, pfe, SGEN
Posted in BioTech, Company Commentary, Market Commentary | Comments Off

MomentumOptionsTrading.com Weekly Wrap for 12/26/10

Sunday, December 26th, 2010

5:30pm (EST)

1. Market Summary

2. Seattle Genetics (SGEN) – Superior Product Leads to Value

3. Earnings

4. Weekly Wrap Portfolio Update

5. Week Ahead

= = = = = = = = = = = = = = =

1. Market Summary

The bulls continued their merry way as they scored another weekly win and pushed the major averages to fresh 2-year highs in the process. The strength (or surprise) came from the Financial sector which gained 2.5% on M&A (merger and acquisition) activity. The Regional banking stocks also joined in and had a solid week as traders looked for bargains and possible takeover targets.

To read more you must be a premium subscriber…

Tags: call option, how to trade options, momentum options trading, Momentum stocks, option picks, option stock picks, options alerts, options newsletter, options track record, put option, Seattle Genetics news, SGEN, stock options trading, volatile options
Posted in BioTech, Weekly Wrap | Comments Off

Orexigen (OREX) Up 125% Before the Bell

Wednesday, December 8th, 2010

9:00am (EST)

There was a bull stampede that started on Tuesday’s open as the market ran higher to start the session on news the Bush tax cuts were going to be extended. However, the bears were the first to cross the finish line after the Democrats waffled on signing off on the cuts while in the same breath saying there was more work to do.

Against this uncertainty, the bulls failed to hold the momentum that had been so strong at the start but the good news is the breakout is intact. All three of the major averages we follow finished flat but not before touching fresh two-year highs.

The Dow fell 3 points to close at 11,359. We mentioned 3M’s (MMM, $84.19, down $2.69) downbeat forecast yesterday which accounted for 20 points to the negative for the index. The blue-chips traded to a high of 11,450 but the late day shenanigans pushed the Dow below our 11,400 closing target. Support is at 11,200-11,000.

The S&P 500 gained a point and settled at 1,223 but surged to a high of 1,235. We were looking for a close above 1,230 but the breakout confirmed we should trend to 1,250 over the near-term. Support is 1,200.

The Nasdaq added 3 points and finished at 2,598 but rallied to 2,623 before finishing just below our 2,600 target once again. We still feel a run to 2,700 is still possible with an outside shot at 3,000. The bears are focused on getting Tech back down below 2,500.

Orexigen Therapeutics (OREX, $4.67, HALTED) is going to have a huge open this morning after a Food and Drug Administration (FDA) panel recommended approval for Contrave, a weight loss drug that will help fight the battle against obesity.

We first profiled Orexigen, along with Vivus (VVUS, $7.80, up $0.75) in early 2008 and we have been keeping track of these two companies ever since. Long time subscribers know we tend to favor Vivus more because we think their “diet” drug, Qnexa, is safer and has less side effects. Vivus also has a stronger pipeline.

Look for both stocks to hit double-digits today as Orexigen is trading at $11+ in pre-market while Vivus is pushing $10.

Futures are pointing towards a slightly higher open this morning. Dow futures are up 6, S&P 500 futures are up 2 while the Nasdaq 100 futures are higher by 7 points.

We have a ton of information to cover in our Members Area this morning, including our thoughts on Research In Motion (RIMM, $62.12, down $1.21), which we added to our Watch List. Subscribers, check for the updates.

Tags: bear market, binary options, bull market, call option, how to trade options, Momentum stocks, Nasdaq: OREX, Nasdaq: VVUS, NYSE: MMM, option investments, option picks, option trading, options mentoring, options trading service, OREX, put option, stock market, stock market options, VVUS
Posted in BioTech, Hot Stocks, Market Analysis | Comments Off

Bulls Looking To End Week Higher

Friday, October 22nd, 2010

12:40pm (EST)

It been a busy week and a lot of interesting developments are happening in the market right now. The bulls came into the week looking to extend September and October’s gains but got a wakeup call on Tuesday when the Dow fell below 11,000. However, the bounce from Tuesday has been impressive and the bulls are on track for another weekly gain.

The bears may be out of ammo and could have used their last bullets on Tuesday as the bulls appear poised to break through the April highs. We have been all over the current market’s move like grass on dirt and we mentioned this morning if we get a break above resistance the bulls could blow the roof off the house.

So, what catalysts are the bulls banking on to help them break on through to the other side?

Besides earnings, two important dates to circle on your calendar will be November 2 and 3. This is when we get the mid-term U.S. elections and the Fed will meet to talk about QE2 or when or how much they will actually start to flood the world with dollars.

The Republicans will be looking to take control of the house while Wall Street wants a another massive quantitative easing program that will continue to weaken the dollar and drive the market up; anything less than $100 billion from the Fed will be a disappointment and could be the one thing that derails the current rally.

We are also expecting a HUGE announcement concerning one Biotech stock whose fate lies in the hands of the FDA. It is a $4 stock and we see shares going past $10 if its diabetes drug is approved or, if not, a 50% haircut and a drop below $2. This news is due out by next Friday and it still not too late to get into this trade. We urge you to take a look at it.

As you can see, the next few weeks will likely shape the trading landscape for the rest of 2010 and we should have an even clearer trend. Of course, the current trend has been up but if we get a blow-off rally after breaking resistance then there will be plenty of opportunities for triple-digits returns.

We have used the “trend is your friend” thesis this month to book some solid gains this week after a rocky September. We were betting for one last test of the lows but the market surged after its August swoon which is also when we started to deploy our option straddle and strangle trades.

amln102210

We talked about Amylin Pharmaceuticals (AMLN, $11.33, down $0.15) fall from $20 to $10 earlier this week and we did a video on how you could have used the information from our Watch List AND our option trading manual, How to Trade Option on Momentum Stocks, to make gains of 400%-700% if you would have deployed a strangle option trade on Amylin. The course also contains another book, Momentum Stocks Watch List, which covers dozens of sectors and over 600 stocks.

The video will be released this weekend and will be the third video that will be covering the manual. Folks, we are giving you the blueprint to find some spectacular trades over the next few weeks and we will be doing another video on how to play the indexes for option trades.

If we get into November with the market breaking out to new highs, or a correction is about to take place, then you will know exactly how to play the volatility. Remember, we are also offering a free 1-month subscription to our exclusive Members Area with any course purchase by the end of October which means you only have 8 more days to hit us up on this offer (a $129 value).

We wanted to go over all of this because we truly believe we are going to see some incredible opportunities to make more triple-digit returns over the next month or two.

As we head to press, the Dow is down 31 points to 11,115 while the S&P is flat at 1,180. The Nasdaq is up by 11 points to 2,471.

We have a couple of trade updates to talk about before we head out to enjoy the weekend but we will be here Monday morning with a full update and a possible NEW TRADE. We have closed one trade this week for a 135% return and we are putting in a stop to protect another one after closing half of it for a 100% return.

This means we have some room to add one or two new ideas which is perfect for the action that will be going down over the next few weeks. Subscribers, check for the updates and enjoy your weekend.

Tags: binary options, call option, put option
Posted in BioTech, Earnings, Trading Psychology | Comments Off

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Our updated 2012 Track Record is now at 85-18 for an 82% win rate. We have closed 24-straight winning option trades since late March!

Despite the recent volatility, we have given more "locks" to our subscribers than a Vegas bookie. If you started with a $10,000 trading account, our CLOSED option picks would have made you over 600% by now. In other words, YOUR $10,000 option trading account would be worth over $70,000 as we have become one of the most powerful option newsletters in the business. Our biggest trade of the year so far was hit in early May when shares of Green Mountain Coffee Roasters (GMCR) fell 50% after an earnings miss which made our subscribers 576% on the put options!

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We don't play these types of games which is why we have the most dedicated subscribers in the business because we have earned their trust. We have recommended 103 trades, 85 winners, 18 losers for 2012. Pretty simple and pretty powerful. We also have verified auto-trading partners who trade our recommendations for your account if you cannot watch the market. They will also tell you how good and how honest our service is.

Here are some of our other profitable triple-digit recommendations: Capital One (COF) call options +423% in 8 days, American Express (AXP) call options +310% in under 7 days, magicJack (CALL) call options +80% in 3 days, Microsoft (MSFT) call options +124%, STX call options +100% in 2 weeks, +114% and +131% on 2 MGM Resorts (MGM) call options trades in 3 weeks, +158% on Zynga (ZNGA) call options and +107% in Aflac (AFL) call options in 6 days. We also had a +200% winner with Scientific Games (SGMS). Some of our double-digit gains include +58% on WPRT calls, +80% on TSM and +38% on INT call options.

Our Weekly Wrap is 35-0 since the start of 2011 and is 17-0 for 2012. Some of our winners include +55% on Solazyme (SZYM), +27% on Clean Energy Fuels (CLNE), +38% on Vivus (VVUS), +17% on MGM, +18% on Dendreon (DNDN), and +20% on Darling (DAR). Despite what the suit-and-ties say, you can make incredible gains trading the RIGHT covered calls.

Over the past 5 years we are averaging a 75% winning percentage for all our trades despite volatile, flat and choppy markets. Come see why some of Wall Street's pros are following us instead of the Journal!

Here are some of our profitable 2011 recommendations: ORLY call options +191%, VMW call options +100%, JOYG call options +169%; GS put options +184%; FDX put options +164%; OXY put options +74%; +137% on RIMM put options, +1,167% on RMBS puts in 11 days, +296% on FCX calls; +157% on ZAGG calls; +110% on LNKD puts; +133% on RLD put options.

You can also request our Track Records to see all years by entering your email address which will allow you access to the portfolios.

If you are missing these juicy profits, come give us a try. Get your password to our Members Area instantly when you sign up TODAY! One profitable trade will easily pay for your membership. You can request our 2008-2011 Track Records by sending us an email or filling out the box below. 665 Total Trades; 459 WINNERS or 7-out-of-10.

REGINA L.
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.

STEVE T.
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.

SCOTT H.
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.

PETER G.
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

LAWRENCE O.
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.

C.J.
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!

SHAUN
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!

MICHAEL K.
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.

PARAG P.
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!

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

MIKE
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.

TRISH D.
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.

MIN L.
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!

JOE G.
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!

GREG F.
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.

NOEL
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.

TODD F.
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.

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

NOEL
“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. :) ”

CHRISTIAN
“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.”

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

CHARLES M.
“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.”

BRYAN C.
“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.”

JOHN H.
“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.”

JEFFREY
“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.”

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

GREG
“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.”

KEN
“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.”

GARETT
“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.”

TERENCE
“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.”

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.

Archive for the ‘BioTech’ Category

Bulls Looking For 7 In-A-Row

Seattle Genetics (SGEN) Making Noise

MomentumOptionsTrading.com Weekly Wrap for 12/26/10

Orexigen (OREX) Up 125% Before the Bell

Bulls Looking To End Week Higher