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Monday, November 28th, 2011
9:00 (EST)
The market continued its recent slide as the bears had their best bull feast in nearly 80 years as Wall Street fell 5% last week. The recent selling pressure became much more serious as all of the indexes fell below their 50-day moving averages (MA) with the bears stretching their winning streak to seven-straight sessions.
The headline news read like a Vegas betting parlor as a number of European countries face further risks of defaulting. Germany was the latest country which showed a chink in the armor after trying to raise $6 billion euro but was only able to raise a little over half of it. Spain also went to the well and was successful in its bond auction but the yields came at a hefty price. Italy faces a huge crisis in 2012 if they can’t raise more dough, and they are trying, but it’s costing them an arm-and-leg.
The news here at home continues to come in better-than-expected and this week will be big with a number of month-end reports due out. As far as the charts, they have been stretched which often happens when headline news trumps the technical picture. The bears have clearly had the advantage and at some point there will be a rebound but until Europe can figure out its mess, the market will be held hostage.
The Dow slipped 26 points, or 0.2%, to finish at 11,232 on Friday’s shortened session. We went into the week looking for 11,600 to hold but that level was taken out on Monday. Our next downside targets were 11,400 and then 11,200, which held, but there is risk down to 10,800 this week if current levels don’t hold. If the bulls can get past 11,400 (black line, purple circles) then they could make a run back towards 11,600 and then 12,000 but the news has got to be awfully good. For the week, the Dow dropped 564 points, or 4.8%, and is now down 346 points, or 3% YTD…
************************
If you are not a subscriber but would like to read more about where the market is headed and to take a closer look at our chart work along with our current trades, please click here. Since early August we have made 48 recommendation, both calls and puts, and have hit on 40 out of 48 trades for a winning percentage of over 80%! Some of our recent winners include:
+169% on Joy Global (JOYG) call options in 2 days
+137% in Research In Motion (RIMM) put options in 3 weeks
+130% in Spreadtrum Communications (SPRD) call options in 4 weeks
+164% in FedEx (FDX) put options in 6 days
+184% in Goldman Sachs (GS) put options in 5 days
+191% in O’Reilly Automotive (ORLY) call options in 17 days
+100% in VMWare (VMW) call options in 4 days
We are one of the fastest growing stock options trading advisors on the internet. We offer powerful call and put option trades aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Sign-up now and receive access instantly!
Futures are pointing towards a strong start for today’s session and look like this: Dow (+255), S&P 500 (+34), Nasdaq 100 (+53). We recommended 4 new trades on Friday and after two weeks of being patient and building new positions, hopefully we get the surge we have been expecting. Subscribers, check the Members Area for the updates.
Tags: Dow, Momentum stocks, stock options trading advisors
Posted in Apple, BioTech, China, Commodities, Company Commentary, Covered Calls, Earnings, Economic News, Entertainment Stocks, European Union (EU), Financial Stocks, Futures, Gold, Google, Hot Stocks, IPOs, Market Analysis, Market Commentary, Mergers and Acquisitions, Money Management, Oil, Option Trades, Rick's Account, Sectors, Stock Earnings, strangle option trades, Trade Update, Trading Psychology, Trading Tips, Uncategorized, VIX, Watch Lists, Yahoo / Microsoft | Comments Off
Saturday, February 5th, 2011
1:30pm (EST)
We have just updated our closed trades for 2011. You can request our current track record by sending us an email. We will make the 2011 track record public in a few weeks but we are still trading some of the names on our list and we don’t feel like sharing it with investors or traders who aren’t with us just yet.
In mid-October 2010, we turned VERY bullish on the market and closed the year with 13 out of 17 winning option trades for our subscribers. After a five -month trading range for much of 2010, we said the breakout or breakdown was going to jaw-dropping and it has been. The market is at multi-year highs.
We used that momentum over the holidays and into January to establish even more positions and have recently closed 10-out-of-11 winning trades for 2011. Over this time period, 6 trades have been for triple-digit profits (+141%, +170%, +114%, +182%, +150%, +125%). Others include profits of 79%, 62% and 37%.
If you would like to start earning these kinds of profits for your portfolio then sign up today to get our latest recommendations. For those who are new to option trading, we encourage you to read our FAQ page to learn more about us and these incredible opportunities. Options require a fraction of the cost it takes to buy stocks and we like to use 5% stock moves to make 100% option profits. It’s that simple and it happens all the time. You can see from our 3-year track record what the real deal is. No smoke. No mirrors. Just big money option trades.
We are the fast-growing options trading newsletter on the internet today. We offer daily updates, twice a day, on all of our option trades and we give you exact entry and exit points. We also have auto-trading which verifies our results and will enter your trades automatically for you. In other words, if you are a working professional or going away on vacation then auto-trading does the work for you. Our brokerage partners receive the same emails that our subscribers do and they execute the trade within seconds of getting our updates.
Most option trading newsletters DO NOT have a track record or auto-trading partners to verify their results. We do and that is why the word is getting out and the water-cooler talk is heating up because traders and investors know just how powerful our recommendations are.
So, as you can see, there really is no reason why you can’t start making money. In fact, that is why we have our slogan to make sure we keep you focused.
What are YOU doing TODAY to become a millionaire TOMORROW?
Tags: option picks, option signals, options alerts, stock options trading
Posted in Rick's Account | Comments Off
Wednesday, December 9th, 2009
9:00am (EST)
The market had a lousy Tuesday and it was one of them days where you just knew we were going to stay in the red. Futures were pointing towards a crummy open and the bulls did not do a good job of holding the Dow above 10,300. We have talked a lot about support and resistance levels lately and while they aren’t exact they help us stay focused.
The Dow finished the day with a 104 point loss to close at 10,285 but we aren’t THAT worried about…yet. The “zones” we have been going through still favor the bulls but we might get one foot ready for the back door if we fall below Dow 10,000. That being said, we still think a “blow the top off the roof” type rally could be in the cards.
The S&P 500 fell 11 points and closed at 1,091. We still have support at 1,067 but if that level fails it could crack the seal for further leakage. If the bathroom line is full and you’ve had a bunch of beers this is how 1,067 is going to feel for us…
From the “Where have you been department”:
Every now and then have we will find a stock that looks really good for a option trade and one of the first things we look for is volume. Most of you know we don’t buy stocks because they take too much capital and the returns from options simply dwarf the returns you get from stocks. Remember, a 5% move in a stock can mean a 100% return in the right option which is why we play the game.
If a stock has low “daily volume” then it means the options are probably thinly traded as well. When we do option trades we try to pick stocks that have a lot of volume because the bid and ask on the options are usually between 5-10 cents and the options are liquid. We also like to pick stocks that are volatile so that we can play them both ways. Call options on the way up, and put options on the way down.
One stock we were/ are bullish on is AthenaHealth (ATHN, $44.96, down $1.10) which hit a high of $47.75 last Friday. Here were our thoughts from July 20th (quotes from that day):
ATHN Could Challenge New High
AthenaHealth (ATHN, $38.03, up $1.64) could see some action as the healthcare reform bill is heating up. The options aren’t as liquid as other stocks…the August 40 calls (QJNHH, $1.55, up $0.55) have only traded 10 contracts.
The September 40 calls (QJNIH, $1.95, up $0.60) have traded about 50 contracts but because of the low volume we may crowd this trade if people start piling in. That could be a good thing as well.
AthenaHealth’s CEO, Jonathan Bush, has made the TV rounds and he is worth listening to. I love his insights on the HealthCare sector but the option pits just don’t have the volume. Let’s see where these things end up in a month or two but because of the low volume, I’m staying away. The stock might be the better buy if you are looking for some quick profits. The 52-week high is $39.29… (END)
Aeropostale (ARO, $31.06, up $0.86) got upgraded to “Buy” yesterday with a long-term price target of $45. The stock made it to a high of $31.50 and held its gains for most of the session. If the company would not have scared the BeJesus out of Wall Street when they announced earnings last week, the stock would be above $35 by now…
As we head to press, Dow futures are up 30 to 10,301 while the Nasdaq 100 futures are higher by 9 points to 1,777. The S&P futures are showing a 4 point gain to 1,094.
Although the market slid, we did pretty well with our trades yesterday. Current subscribers, check the Members Area for the current trade updates this morning.
Tags: call option trading, chicken option trades, Covered Calls, momentum stock option trading, option trade picks, option trading online, options blog, options mentoring, options newsletters, options track record, put option trading, Rick Rouse, stock option trade pick service, straddle option trades, strangle option trades, support and resistance levels, triple-digit option trades
Posted in Company Commentary, Hot Stocks, Mergers and Acquisitions, Rick's Account, Strategies | Comments Off
Wednesday, October 14th, 2009
9:05am (EST)
Futures are pointing towards a HUGE open this morning after strong earnings results from Intel (INTC, $20.49) and JPMorgan Chase (JPM, $45.66).
JPMorgan Chase easily beat Wall Street’s expectations, after reporting a profit of $3.6 billion for the quarter. Although the company said loan losses are still high and are likely to remain elevated for some time, the results were jaw-dropping.
JPMorgan said it earned 82 cents a share, up from 9 cents a share in the same quarter a year ago, but they beat estimates by 30 cents, folks! Wall Street was expecting the company to earn 52 cents a share. Wow! Shares are up $2 to $47.66 in early trading.
Of course, Intel also beat Wall Street’s estimates and we have been on this story like grass on dirt. We sent out a News Flash last night alerting our subscribers of the after-hours jump and it looks as though those gains are going to hold. In pre-market trading, shares are up 93 cents, to $21.42.
Ahead of the bell, Dow futures are up 109, or 1.1%, to 9,918. The S&P 500 futures are higher by 15, or 1.5%, to 1,084, while the Nasdaq 100 futures are surging by 25, or 1.4%, to 1,751. All aboard!
Gold continues to set record highs. This morning, the yellow metal hit a high of $1,072 an ounce. Oil is above $75 a barrel for the first time in a year.
Current subscribers can check the Members Area for more detailed instructions on how to play Intel from here on out. Many of you should have made well over 100% on the trades and some of you might reach returns of up to 200%! As always, your comments are always welcomed so send us a line if you cashed out on this huge monster!
Tags: Intel, JPMorgan Chase, options blog, options mentoring, options track record, options trade picks
Posted in Company Commentary, Earnings, Hot Stocks, Market Analysis, Market Commentary, Option Trades, Rick's Account | Comments Off
Friday, August 28th, 2009
8:55am (EST)
Well, time to open up the playbook.
It may be preseason in the NFL but in option trading we are in the game every day. I’ve been pretty limited with our playbook because I have been feeding you a lot of information lately on how to use options but I’m excited.
We all know I have been putting in tight stops on some plays and loose stops on other trades. The reason I do that is beacuse I want each and every single one of you to make a ton of money. I get emails daily and as you would imagine most are good and some are bad. That is the nature of the game when you run a trading service and I know that.
The most important thing I want you to know is that if you are beginner option trader, don’t jump into this whole option trading thing blindfolded. Take some of the trades and follow them on paper. When my trading manual is ready, you will see how everything works in a better picture. And realize some of the trades I do are based how I manage money. All right, enough rambling…
I am looking at Citigroup (C, $5.05, up $0.42) once again and here is the deal. If you made 114% and 80% like you should have on the Citigroup trade then why not take that money and double down? The break above $5 was huge yesterday and that changes the ballgame because the stock becomes “marginable” again.
Buying on margin is like a double-edged sword. Margin buying is when you buy a stock with cash borrowed from your brokerage account using other stocks as collateral. By doing this, it will have a huge effect on any profit or loss you may have.
I have profiled the Citigroup January 7.50 calls (CAQ, $0.29, up $0.09) and the January (2011) 10 calls (VRNAB, $0.58, up $0.15) and they are a BUY today. We are going to do a “layered’ trade on Citigroup and here is what it will cost.
I always buy 10 contracts or more of an option and I’ve explained this because of brokerage fees. I usually do 20 lot trades and “half’ trades are normally 10 option contracts and sometimes even 5 contracts if the options are expensive.
If you buy 30 contracts of the January 7.50’s it’s gonna cost you $700. If you buy 20 of the 2011 January 10’s it’s gonna run you about $1,200. That is $2,000 in a layered Citigroup trade at current prices and that is usually how I manage each trade in my trading account. Sometimes when I say “do a half position” that means buying only 10 or even 5 contracts which means I’m only putting up $500 or $1,000. I have stuck to this plan for years and I never go outside of this comfort zone no matter how much I like a position. It is consistant with my overall trading strategies and it is what has kept my trading account growing year in and year out.
Back to Citigroup. Let’s just say the stock is at $10 by January 2010 and $20 by 2011.
You want numbers? The $700 you invested on the 7.50’s will be worth $7,500 (30 contracts x $2.50) because the stock is at $10 and the 2011 10’s would be worth $5 or $10,000 (20 contracts x $5) if Citigroup is at $15. So, your 2g’s is now worth $17,500.
That is how I’m approaching this trade from here on out. The risk is that this is all fluff and Citigroup’s numbers aren’t going to be as strong as many people feel they are going to be over the next few quarters.
Again, I like these call options and would “buy to open” today for a shot at having a huge payday in the future.
Update on MomentumOptionsTrading.com initial launch. Here are the introductory prices:
Monthly Recurring Subscription – $97 per month
Quarterly Subscription – $261 for 3 months. Save $30.
6-Month Subscription – $492 for 6 months. Save $90.
Annual Subscription – $924 for 12 months. Save $240.
Members Area:
Each week we will be introducing a new “Watch List” as a way to build and learn the different sectors of the market. The are dozens and dozens of sectors that have three or four stocks that really define their market. We show you how to follow them and create Watch Lists so that you will see where the money is flowing.
All of the current trades you see or that have been profiled will only be available in the Members Area.
We are expecting to launch by Monday but may do so over the weekend. Remember, we may limit the number of subscribers if the dmand is over subscribed.
Tags: Citigroup call options, Citigroup LEAP options, Momentum Option Trading, Momentum stocks
Posted in Financial Stocks, Option Trades, Rick's Account | No Comments »
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Bulls Walking on Thin Ice
Monday, November 28th, 2011
9:00 (EST)
The market continued its recent slide as the bears had their best bull feast in nearly 80 years as Wall Street fell 5% last week. The recent selling pressure became much more serious as all of the indexes fell below their 50-day moving averages (MA) with the bears stretching their winning streak to seven-straight sessions.
The headline news read like a Vegas betting parlor as a number of European countries face further risks of defaulting. Germany was the latest country which showed a chink in the armor after trying to raise $6 billion euro but was only able to raise a little over half of it. Spain also went to the well and was successful in its bond auction but the yields came at a hefty price. Italy faces a huge crisis in 2012 if they can’t raise more dough, and they are trying, but it’s costing them an arm-and-leg.
The news here at home continues to come in better-than-expected and this week will be big with a number of month-end reports due out. As far as the charts, they have been stretched which often happens when headline news trumps the technical picture. The bears have clearly had the advantage and at some point there will be a rebound but until Europe can figure out its mess, the market will be held hostage.
The Dow slipped 26 points, or 0.2%, to finish at 11,232 on Friday’s shortened session. We went into the week looking for 11,600 to hold but that level was taken out on Monday. Our next downside targets were 11,400 and then 11,200, which held, but there is risk down to 10,800 this week if current levels don’t hold. If the bulls can get past 11,400 (black line, purple circles) then they could make a run back towards 11,600 and then 12,000 but the news has got to be awfully good. For the week, the Dow dropped 564 points, or 4.8%, and is now down 346 points, or 3% YTD…
************************
If you are not a subscriber but would like to read more about where the market is headed and to take a closer look at our chart work along with our current trades, please click here. Since early August we have made 48 recommendation, both calls and puts, and have hit on 40 out of 48 trades for a winning percentage of over 80%! Some of our recent winners include:
+169% on Joy Global (JOYG) call options in 2 days
+137% in Research In Motion (RIMM) put options in 3 weeks
+130% in Spreadtrum Communications (SPRD) call options in 4 weeks
+164% in FedEx (FDX) put options in 6 days
+184% in Goldman Sachs (GS) put options in 5 days
+191% in O’Reilly Automotive (ORLY) call options in 17 days
+100% in VMWare (VMW) call options in 4 days
We are one of the fastest growing stock options trading advisors on the internet. We offer powerful call and put option trades aimed at triple-digit returns for our Daily newsletter. Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Sign-up now and receive access instantly!
Futures are pointing towards a strong start for today’s session and look like this: Dow (+255), S&P 500 (+34), Nasdaq 100 (+53). We recommended 4 new trades on Friday and after two weeks of being patient and building new positions, hopefully we get the surge we have been expecting. Subscribers, check the Members Area for the updates.
Tags: Dow, Momentum stocks, stock options trading advisors
Posted in Apple, BioTech, China, Commodities, Company Commentary, Covered Calls, Earnings, Economic News, Entertainment Stocks, European Union (EU), Financial Stocks, Futures, Gold, Google, Hot Stocks, IPOs, Market Analysis, Market Commentary, Mergers and Acquisitions, Money Management, Oil, Option Trades, Rick's Account, Sectors, Stock Earnings, strangle option trades, Trade Update, Trading Psychology, Trading Tips, Uncategorized, VIX, Watch Lists, Yahoo / Microsoft | Comments Off