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Wednesday, April 25th, 2012
12:45pm
Wall Street Notes…
Apple (AAPL, $610.71, up $50.43) is soaring today and the WEEKLY April 600 calls (AAPL120427C00600000, $13.15, up $9.80) are up a stunning 300%. Even more impressive, the calls traded to a high of $19.70 after opening at $17.75. They closed yesterday at $3.35. If you got out at the open, you made upwards of 500%.
Caterpillar (CAT, $102.86, down $5.54) is down 5% and is holding the Dow back 40 points. The company beat on earnings but missed on revenues. If CAT was flat, the Dow would be up triple-digits.
First Solar (FSLR, $18.10, down $0.54) continues to hit new 52-week and all-time lows after falling through its 2006 IPO price of $20. We have been talking about the tumble shares could take and have been telling our subscribers this could be a single-digit stock in a few months. The stock has fallen so hard that it is in danger of getting booted from the S&P 500.
Ben Bernanke is schedule to speak around 2pm so let’s see how things shake out into the close.
As we head to press, the Dow is up 46 points to 13,047 while the S&P is higher by 13 points to 1,385. The Nasdaq is showing a 55 point pop and is at 3,017.
We have been super busy today so we have to cut it short as we want to get our subscribers into our Members Area to talk about our NEW and current trades.
We will be back in the AM will a full briefing.
Tags: Apple call options, Apple earnings, Apple Weekly options, Caterpillar earnings results, momentum options, Momentum stocks Posted in Company Commentary, Covered Calls | Comments Off
Friday, April 20th, 2012
1:00pm (EST)
The bears are getting smoked on 420 Day as the bulls try to hit new highs before the weekend. There have been a number of good earnings before the bell which has helped support today’s gains.
General Electric (GE, $19.51, up $0.37), a Dow component, is trading higher after beating Wall Street’s expectations. The company reported a profit of $0.34 a share on revenue of $35.2 billion. The suit-and-ties were looking for $0.33 a share/ $34.7 billion. Now that is what we call an “official” earnings beat.
GE is solid stock paying a 3.6% dividend. We have considered adding the stock to our Weekly Wrap covered call portfolio and we will be listening to the company’s conference call over the weekend. Stay tuned…
McDonald’s (MCD, $97.15, up $1.87) is also seeing slight gains after matching estimates but beating on revenue numbers. The company reported a profit of $1.23 on sales of $6.55 billion versus a forecast for $6.54 billion.
Mickey D’s has accounted for 14 Dow points which is currently up by 116 points to 13,080.
The S&P is getting a 10 point pop and is at 1,387 while the Nasdaq is advancing 20 points to 3,028.
Today is April option expiration day which is good news for our Weekly Wrap subscribers. We have up to 3 trades that could be closing today that will give us gains of 26%, 10%, and 8%. This will bring our 2012 Weekly Wrap Track Record to 20-0 for the year and 37-0 since inception. Double-digit monthly gains may sound boring but they add up quickly. Remember, it only takes 5 winning trades of 20% or more to double your money.
Our current trades for the Daily are in good shape and we will tally the Daily numbers after the close as we have a few trades expiring today. Through the first 4 months of the year, we couldn’t have asked for a better start. Our closed trades have generated profits of nearly $40,000 and we are hitting pay dirt on over 80% of our trades.
This was has seen a choppy range bound market this week with extreme volatility. Next week should be no different as Apple (AAPL, $582.98, down $4.46) and Netflix (NFLX, $106.95, down $0.14) will be reporting their quarterly results.
We will be back Sunday night with our Weekly Wrap so until then, have a great weekend everyone!
Tags: covered call portfolio, GE earnings, MCD, McDonald’s quarterly results Posted in Company Commentary, Covered Calls, Earnings, Market Analysis | Comments Off
Thursday, March 29th, 2012
9:00am (EST)
The bulls are still up for the week but are feeling pressure by the bears following Wednesday’s pullback. Energy and Oil stocks led the way lower while some Tech and Financial stocks helped pull the indexes off their lows as the bears won their second straight session.
The Dow fell 72 points, or 0.5%, to close at 13,126. The blue-chips were down triple digits at one point, trading to a low of 13,069 (-128) before gaining some of the losses back. Dow component, American Express (AXP, $59.06, up $0.84) continues its surge towards $60 after setting a fresh 52-week high of $59.26. Bank of America (BAC), another blue-chip member, jumped 1.5%. Both are current recommendations for our Daily and Weekly Wrap. Caterpillar (CAT, $104.26, down $3.80) led the Dow losers, falling 3.5%. The losses whittled the bulls lead away as they are now only up a slim 45 points for the week.
The S&P 500 dropped 7 points, or 0.5%, to settle at 1,405. The index dipped below the 1,400 level as the bears pushed a low of 1,397 before losing their grips. The bulls are up 8 points for the week heading into today’s session.
The Nasdaq gave back 15 points, or 0.5%, to finish at 3,105. Tech touched a low of 3,086 but is still up 37 points, or 1.2% for the week. Apple (AAPL, $617.62, up $3.14) managed to set a new 52-week high of $621.45. The Apple March 610 calls (AAPL120330C00610000, $9.00, up $1.25) we mentioned yesterday morning reached a high of $13.40 and would have made a nice triple-digit return in less than 24 hours.
We were closed out of 2 more trades yesterday. Our Capital One (COF, $56.98, up $0.10) call option trade made 47% while our Solazyme (SZYM, $14.35, down $0.78) calls made 45%. Our other COF trade that was closed last week made 292% for our subscribers. This brings our 2012 Track Record to 57-11 so far for the year which is an 86% win rate.
We have added some new candidates to our Watch List today and we have moved up a number of Hard Stops to lock in gains on some of our other current trades showing a profit.
Futures are showing a lower open so things could quickly turn south for the bulls if key layers of support fail to hold today. Dow futures are down 39 points to 13,014 while the S&P futures are lower by 5 points to 1,394. Nasdaq futures off 9 ticks to 2,759.
Subscribers, pay close attention to our trade instructions and stay on your toes as we could be adding New Trades today.
Tags: BAC call options, BAC covered call trade, COF call options, SZYM. CAT Posted in Company Commentary, Market Analysis, Money Management, Strategies, Trade Update | Comments Off
Tuesday, March 20th, 2012
1:15pm (EST)
The bears are trying to get on the scoreboard after yielding points to the bulls for 3-straight sessions. Much of today’s action can be blamed on concerns over China’s economy slowing as some are saying and some of the mining stocks such as BHP Billiton (BHP, $72.77, down $2.74) are reporting iron ore demand is weakening.
Economic news here at home came in mixed which has contributed to today’s slide. Housing Starts fell 1.1% during the month of February versus estimates for a 0.1% increase. Meanwhile, Building Permits jumped 5.1% versus expectations for a pop of 0.6%. This week’s economic data is all about the Housing sector and KB Home (KBH, $11.60, down $0.29) will end the week by briefing Wall Street with its latest earnings on Friday morning.
Disney (DIS, $43.29, down $0.15) is weighing on the blue-chips after saying it will take a $200 million hit due to poor sales for its “John Carter” movie. We haven’t seen the flick but the trailers weren’t that compelling and there was no buzz building up to the release of the movie. Usually when you spend a quarter-billion dollars on a film, it better be a hit. In Disney’s case and for its unproven director, JC has quickly become a major flop. The expected loss was way worse than the $120-$160 million forecast.
The good news for Disney down the road is that “Avengers” and Pixar’s “Brave” could become blockbusters. However, you don’t buy Disney’s stock based on movie hits. We would buy the stock at current levels for its ESPN division, parks and cruise lines businesses.
As far as the market, the Dow is lower by 70 points to 13,169 while the S&P is off 7 points to 1,403. The Nasdaq is down 20 points to 3,058. We have a few trades in play today as some of our Hard Stops are close to being triggered.
We also have a NEW TRADE we are trying to get into so let’s go check the tape. Subscribers, hit the Members Area for the updates.
Tags: Avengers movie, BHP, DIS, KB Home earings Posted in Company Commentary, Earnings | Comments Off
Sunday, March 4th, 2012
MomentumOptionsTrading.com Weekly Wrap for 3/4/12
10:00pm (EST)
1. Market Summary
2. Sony (SNE) –Asia’s Most Valued Brand?
3. Earnings
4. Weekly Wrap Portfolio Update
5. Week Ahead
(To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section)
= = = = = = = = = = = = = = =
If you are not a subscriber but would like to read more please click here. We are one of the fastest growing stock options trading advisors on the internet and we are off to a great start for 2012. 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 which is 29-3 over the first 2 months of the year. Our list of winners include 131% and 114% on 2 MGM trades, 200% on SGMS, 107% on AFL, 100% on STX, 82% on TSM and 125% on MSFT just to name a few!
Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and went 16-0 for 2011. Even better, we are 12-0 for 2012 and could close up to 10 more traded this month by St.Patty’s Day. Sign-up now and receive access instantly to our stock options trading recommendations!
Tags: stock options trading advisors, stock options trading recommendations Posted in Company Commentary, Market Analysis | Comments Off
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Bulls Push Resistance, Bernanke on Deck
Wednesday, April 25th, 2012
12:45pm
Wall Street Notes…
Apple (AAPL, $610.71, up $50.43) is soaring today and the WEEKLY April 600 calls (AAPL120427C00600000, $13.15, up $9.80) are up a stunning 300%. Even more impressive, the calls traded to a high of $19.70 after opening at $17.75. They closed yesterday at $3.35. If you got out at the open, you made upwards of 500%.
Caterpillar (CAT, $102.86, down $5.54) is down 5% and is holding the Dow back 40 points. The company beat on earnings but missed on revenues. If CAT was flat, the Dow would be up triple-digits.
First Solar (FSLR, $18.10, down $0.54) continues to hit new 52-week and all-time lows after falling through its 2006 IPO price of $20. We have been talking about the tumble shares could take and have been telling our subscribers this could be a single-digit stock in a few months. The stock has fallen so hard that it is in danger of getting booted from the S&P 500.
Ben Bernanke is schedule to speak around 2pm so let’s see how things shake out into the close.
As we head to press, the Dow is up 46 points to 13,047 while the S&P is higher by 13 points to 1,385. The Nasdaq is showing a 55 point pop and is at 3,017.
We have been super busy today so we have to cut it short as we want to get our subscribers into our Members Area to talk about our NEW and current trades.
We will be back in the AM will a full briefing.
Tags: Apple call options, Apple earnings, Apple Weekly options, Caterpillar earnings results, momentum options, Momentum stocks
Posted in Company Commentary, Covered Calls | Comments Off