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Friday, May 18th, 2012
12:50pm (EST)
FaceBook (FB, $40.60, up $2.60) finally opened for trading around 11:30am (EST) and the first print was $42.05. We’ve mentioned them enough all week so let’s leave it there for now.
We thought there would be a little more enthusiasm in the market today but we mentioned in our Weekly Wrap if support was broken before the debut, shares could struggle along with the major indexes.
The Dow is down 6 points to 12,436 while the S&P is up a point to 1,305. The Nasdaq is showing a decline of 2 points and is at 2,811 but has dipped below 2,800 today. Not good unless you are bearish like us.
We are doing a video this weekend for those of you who are trading course members. It has been a few months since we have done one because we have been so busy trading and making our subscribers money. We have recommended over 100 trades for 2012 which is nearly 4 or 5 per week. We normally average 1 or 2 trades per week but when the market is giving you so many gifts, we have to take advantage of it will the getting is good.
We have had a ton of new subscriber sign-ups over the last few months as word spreads about the explosive profits we have been making so we felt it was important to do a video for those of you who want to learn charts and to trade like we do.
If you are not a member to our trading course, you can get the videos and trading manuals by UPGRADING your membership to a one-year deal which is cheaper and saves you money off our monthly and quarterly rates.
Once a year, we run a sweet offer but we want all of our subscribers to see the video so here is the deal.
If you have purchased a 1-year membership this year, in 2012, and you haven’t received the trading course, email us and we will send one out at no charge (an $895 value). We did a promotion at the beginning of the year through April where we offered this deal so everyone from April on who didn’t get the course, hit us up in an email. We will be sending all of you who have ordered 1-year memberships in May the course this weekend but email us anyway if want.
For those of you on Monthly or Quarterly memberships, if you upgrade to a 1-year membership, we will include the course at no charge as well. Shipping is also on the house.
We will also add any extra time from your current membership to the one-year deal. The videos, all current and past are available as soon as you sign-up and we like to do one every month or two depending on market conditions.
If you do the math, this is well over a 50% discount if purchased separately and we are currently sporting an 86-18 win/loss record for the year. Deals like this don’t last forever so jump on now. This offer ends Sunday night at midnight.
You will not need a coupon to get the manual along with the one-year subscription, just upgrade or signup, and we will ship the course to your doorstep over the weekend. You will also have access to the videos, instantly.
Click here for the subscription link:
To read more on our trading course, How to Trade Options on Momentum Stocks, go here:
We have some last minute updates but our current trades are doing well so we will ride them higher into next week.
We will be back Sunday night with our Weekly Wrap and Monday morning with our Daily. Until then, have a great weekend everyone! And make sure you sign-up or upgrade by then.
Tags: Option Trades, option trading course
Posted in IPOs, Market Analysis, Option Trades, Strategies | Comments Off
Friday, May 11th, 2012
12:55pm
Wall Street notes…
We were like a kid on Christmas as futures were showing a triple-digit loss for the blue-chips when we hit the rack. We knew when we woke up one of our presents would be a biotech trade that could triple at the open. We got a bonus package after the close on Thursday which felt like Christmas Eve with JPMorgan’s (JPM, $37.71, down $3.03) debacle which will only weigh on the market going forward.
It has been a super sweet day as we have banked our 23-straight winning trade since late March. Needless to say, we are on a roll.
Of course, we have been telling everybody and anybody that would listen to us that 2012 would be an incredible year to trade options and we continue to feel that way. The current volatile environment is when we are at our best and we expect the chaos to continue.
Again, if you have never played the market to the downside, or traded in this type of environment, then you are truly missing out and some of the BEST profits you will ever see.
Since March, our subscribers have made 492% in 3 weeks on American Express (AXP, $59.94, up $0.52) call options; 292% in a week on Capital One (COF, $54.39, up $0.08) call options; 180% in 16 days on Deckers Outdoor (DECK, $53.13, up $1.35); and 576% in a little over 2 weeks on a Green Mountain Coffee Roasters (GMCR, $25.63, down $0.46) put option trade.
If you feel like you may have missed out on these trades, don’t. We have a current recommendation that is up 20%, the options are at a little over a buck, and we feel they could reach $7 for a 600% return. The options are on a stock that is in the lows $30’s but we feel shares could drop below $20 by mid-August. You can get into this trade right now.
That is all we have for today and we need to wrap things up as it has been a long, great week. We want to spend the last few hours just watching the market with a cold soda as we look forward to a relaxed weekend. There may be panic on Wall Street and we are sure there is a Duke brother or two out there feeling the pinch.
We feel like Billy Ray and Louis Winthrope right about now.
The Dow is up 35 points to 12,890 while the S&P 500 is higher by 4 points to 1,362. The Nasdaq is higher by 20 ticks to 2,954.
We have added 2 more NEW TRADES to our portfolio today. One at the open and our limit price was triggered shortly after lunch on the other. We were going to wait to go to press for another hour but we wanted to do the Daily update now to make sure everyone is filled and got into the trades.
BTW, our Arena Pharmaceuticals (ARNA, $6.10, up $2.44) call option trade is showing a 225% return with the stock up 70%. See the power of options?
We will be back Sunday night with the Weekly Wrap and on Monday morning with the next issue of the Daily. Make sure you are with us. Until then, have a great weekend everyone!
Tags: ARNA call options
Posted in BioTech, Hot Stocks, Market Analysis, Market Commentary, Option Trades | Comments Off
Tuesday, May 8th, 2012
9:00am (EST)
The market ended mixed on Monday as Wall Street debated over Europe’s election results which many had seen as disastrous. Despite the uncertainty on who’s in or who could be out of the eurozone, the market was able to brush off those worries as the bulls held support.
The Dow fell 30 points, or 0.2%, to finish at 13,008. The blue-chips traded to a low of 12,970 and were able to hold the 13,000 level into the close. There is risk down to 12,800 this week while the bulls will try to reclaim 13,200.
The S&P added a half-point, or 0.04%, to settle at 1,369 after trading to a low of 1,363 shortly after the open. The index recovered to trade to a high of 1,373 but faded at the 1,375 level which is now serving as near-term resistance. We are looking for a test down to 1,350 this week.
The Nasdaq advanced a point-and-a-half, or 0.5%, to end at 2,957. Tech kissed a low of 2,939 but was able to hold 2,950 for much of the afternoon session. The bulls will try to push 3,000 while the bears are targeting a drop to 2,900-2,850.
The market is now going on 6-week trading range, except we are now at the bottom of it. We gave a brief outlook on what to expect over the next few weeks and we are starting to see lower highs and lower lows which is bearish.
The bulls aren’t ready to throw in the towel and this week is light on economic news until Thursday which is when we will get the weekly Jobless Claims numbers. It is possible the major indexes stay within a tight range until then as Wall Street tries to distance itself away from Europe’s woes.
We were able to close 2 more winning trades yesterday although we did leave a half position open on one of them. Our KLA-Tencor (KLAC, $49.73, down $0.13) put option trade is up a whopping 172% but we have moved the Hard Stop up to lock-in triple-digit profits no matter what happens from here on out. Of course, we would like to squeeze a little more out of the trade and hit a 200% or more return but if we don’t we will still bank a 156% profit.
For those of you who took a flyer on Fossil’s (FOSL, $129.19, down $5.81) earnings announcement, you could be getting paid today.
We profiled the May 105 puts (FOSL120519P00105000, $0.90, up $0.60) yesterday morning on our Watch List as a way to play a miss and the company did just that. They missed Wall Street’s estimates and shares are down $30 to $95 in pre-market action.
The May 105 puts should open up near $10 for a 1,000% return if you got in before the closing bell yesterday. Although it wasn’t an “official” trade, we have gotten a few excited emails this morning.
As we head to press, futures look like this: Dow (-51), S&P 500 (-5), Nasdaq (-14).
Subscribers, please notice the Hard Stops we have raised on some other trades as well and be on the lookout for possible new trades if we see something we like.
Tags: KLA-Tencor (KLAC), KLAC put options, options trading
Posted in Market Analysis, Market Commentary, Option Trades, Strategies, Trade Update | Comments Off
Monday, April 30th, 2012
9:00am (EST)
“This will be one of the biggest weeks as far as earnings and any negative surprises could have a ripple effect on the indexes as each one of these stocks is a key component with heavy weightings.
Ben Bernanke has a good poker face and he will need to be strong and sturdy in his words, no matter what he says about the economy. If he cracks and fails to mention the Fed’s “backup” plan then the market could suffer as the bulls see no QE3 relief.
The charts look bearish, and following a 3-week trading range, this could be the week that we break out of it. To us, the upside appears more limited than the downside but the old market saying of “don’t fight the Fed” may come into play if Bernanke pulls a rabbit out of his hat. We could see one last retest of the year highs but resistance is going to be hard to overcome and the companies reporting earnings are going to have to come in with some superb numbers.” (4/22/2012 Weekly Wrap/ Monday Morning Outlook 4/23/2012)…
The bears came charging out of the gate to start the week after a downgrade on Spanish debt but better-than-expected earnings trumped disappointing economic news the remainder of the week as the bulls pushed the market to a 3-week high.
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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 powerful start for 2012. We offer 2-3 call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and MONTHLY double-digit gains for our Weekly Wrap. Our 2012 Track Record is now an incredible 74-18 (an 80% win rate!) following the 3 winning trades we closed last week.
Our list of winners include +475% on AXP, +292% on COF, +171% on FSLR, +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.
Tags: stock options trading advisors
Posted in Earnings, Market Analysis, Market Commentary, Option Trades | Comments Off
Tuesday, April 17th, 2012
1:00pm (EST)
The market got a huge pop at the open as the Dow tripped 13,000 on better-than-expected earnings from a couple of blue-chippers and the rally has strengthed as we head into the second half of trading.
As far as economic news, Housing Starts were a little disappointing as they fell 5.8% versus expectations for a 1% rise but Building Permits rose 4.5% to 747,000. Wall Street had forecast a drop to 710,000, or 0.7%.
Goldman Sachs (GS, $118.34, up $1.00) is trading higher after beating expectations and pumping up the dividend. The company reported a profit of $2.1 billion, or $3.92 a share. The suit-and-ties were looking for $3.55 a share.
Golden Slacks has gotten a bloody nose from all the recent negative publicity but the firm continues to battle. A rising tide often lifts all boats and in this case the Financial stocks are following Goldman’s lead. Also enjoying sweet pops are JPMorgan (JPM, $43.85, up $0.52), Citigroup (C, $35.28, up $1.28) and Bank of America (BAC, $9.87, up $0.18).
Speaking of BAC, we are on track to close out 3 more winners for our Weekly Wrap and our current covered call on BAC is set to return us 26%. We started taking positions in Bank of America when shares were at 5 bucks back in December and our first BAC returned 20% earlier this year. If you haven’t discovered the magic of writing covered calls on solid stocks with the potential of making monthly double-digit gains than we urge you to get interested. Remember, it only takes 5 winning trades of 20% to make a 100% or double your money.
We have a lot to cover inside our Members Area as we have a freshly minted Watch List that is loaded with some potential gems for our next batch of trades. We also have action to take on one of our trades which will make our 70th winning trade for 2012. Wow.
As we head to press, the Dow is up 200 points to 13,121 while the S&P 500 is higher by 21 points to 1,390. The Nasdaq is up double-nickels to 3,043. Subscribers, you know what to do but stay lock-and-loaded on a possible NEW TRADES if we see something we like before the close as we have updated our Watch List.
Tags: covered call trading, Golden slacks slang name, GS, Weekly Wrap
Posted in Earnings, Financial Stocks, Market Analysis, Option Trades | Comments Off
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Bears Show Teeth, Bulls Bite Back
Friday, May 11th, 2012
12:55pm
Wall Street notes…
We were like a kid on Christmas as futures were showing a triple-digit loss for the blue-chips when we hit the rack. We knew when we woke up one of our presents would be a biotech trade that could triple at the open. We got a bonus package after the close on Thursday which felt like Christmas Eve with JPMorgan’s (JPM, $37.71, down $3.03) debacle which will only weigh on the market going forward.
It has been a super sweet day as we have banked our 23-straight winning trade since late March. Needless to say, we are on a roll.
Of course, we have been telling everybody and anybody that would listen to us that 2012 would be an incredible year to trade options and we continue to feel that way. The current volatile environment is when we are at our best and we expect the chaos to continue.
Again, if you have never played the market to the downside, or traded in this type of environment, then you are truly missing out and some of the BEST profits you will ever see.
Since March, our subscribers have made 492% in 3 weeks on American Express (AXP, $59.94, up $0.52) call options; 292% in a week on Capital One (COF, $54.39, up $0.08) call options; 180% in 16 days on Deckers Outdoor (DECK, $53.13, up $1.35); and 576% in a little over 2 weeks on a Green Mountain Coffee Roasters (GMCR, $25.63, down $0.46) put option trade.
If you feel like you may have missed out on these trades, don’t. We have a current recommendation that is up 20%, the options are at a little over a buck, and we feel they could reach $7 for a 600% return. The options are on a stock that is in the lows $30’s but we feel shares could drop below $20 by mid-August. You can get into this trade right now.
That is all we have for today and we need to wrap things up as it has been a long, great week. We want to spend the last few hours just watching the market with a cold soda as we look forward to a relaxed weekend. There may be panic on Wall Street and we are sure there is a Duke brother or two out there feeling the pinch.
We feel like Billy Ray and Louis Winthrope right about now.
The Dow is up 35 points to 12,890 while the S&P 500 is higher by 4 points to 1,362. The Nasdaq is higher by 20 ticks to 2,954.
We have added 2 more NEW TRADES to our portfolio today. One at the open and our limit price was triggered shortly after lunch on the other. We were going to wait to go to press for another hour but we wanted to do the Daily update now to make sure everyone is filled and got into the trades.
BTW, our Arena Pharmaceuticals (ARNA, $6.10, up $2.44) call option trade is showing a 225% return with the stock up 70%. See the power of options?
We will be back Sunday night with the Weekly Wrap and on Monday morning with the next issue of the Daily. Make sure you are with us. Until then, have a great weekend everyone!
Tags: ARNA call options
Posted in BioTech, Hot Stocks, Market Analysis, Market Commentary, Option Trades | Comments Off