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MomentumOptionsTrading.com Weekly Wrap for 2/21/10

Sunday, February 21st, 2010

Bulls Make Another Run

8:00pm(EST)

The futures were pointing towards a nasty opening for the market early Friday morning but things got better as the bulls starting rising with the sun. 

Thursday’s surprise discount rate hike by the Fed after the market closed scared the be-Jesus out of everyone as the Asian markets tanked and the Dow futures were down 90 shortly after midnight.  However, the Fed may have done the bulls a big favor as they were able to take the market higher for the fifth day in a row.

We rarely talk about the specific indexes of the foreign markets but we often watch the action as they can and do have an effect on our markets.  Hong Kong’s stock market is known as the Hang Seng and it tanked 2.6% on our Fed news and closed at 19,894, down 528 points, on Friday.  Japan’s Nikkei fell 2.1%, or 212 points, and closed at 10,123.

A 2% drop in the Dow would have crushed the current rally but the Fed news was softened by the fact that the market had all night and some of the morning to figure out this really wasn’t a big deal.  A better-than-expected consumer prices report also gave the bulls a lift.

The Dow traded in a narrow range for most of the day and ended at 10,402, up 9 points.  The S&P and Nasdaq hit a “double-deuce” as each index gained 2 points and closed at 1,109 and 2,243, respectively.

It was a great week for the bulls as the Dow added 303 points, or 3%, and closed above 10-4 for the first time in over a month.  It was also the Dow’s biggest weekly point and percentage gain since the start of November. 

The S&P 500 was up 34 points last week, or 3.1%, and closed above the all important 1,100 level.

Finally, the Nasdaq jumped 60 points for the week, or 2.8%, and settled above 2,200 for the first time in a month.

We are back in that “upper” trading range we have been talking about for weeks and months which for the Dow are between 9,700 and 10,700.  Once again, the targets we set back in August will now come into play again and they are at 1,175 for the S&P 500 and for the Nasdaq our target is 2,275.  For the Dow, we have a target of 10,800. 

The S&P traded 1,150; the Dow hit a high of 10,767; and the Nasdaq reached 2,326…all by mid-January which brings us to our next point. 

The market was an easy read in 2008 as the Dow collapsed from 13,338 to a low of 7,392 by November.  The Nasdaq fell from a high of 2,661 to a low of 1,295 by October of that year.  Folks, that is a 50% haircut.

In 2009, the Dow rebounded off a low of 7,856 to a high of 10,605 while the Nasdaq soared from 1,476 to a high of 2,295.  As you can see, this basically amounts to 50% gains which shows us two things.

In 2008, it was easier to trade put options and make money on the way down.  Our track record shows this.  In 2009, we mainly recommended call options.  As we release our results for 2010 for all of our closed trades you will see our track record is around 60% for our trades.

It’s possible to make a good living if you hit 60% of your trades but we are more accustomed to hitting over 70% of our trades.  The good news is that we aren’t ashamed of hitting 60% of our trades but we wanted to show you the “transition” the market is currently going through. 

We saw this in mid-January when the market was approaching our targets and we knew we would either “breakout” or “retreat” from current levels.  We still trade, regardless of market conditions, but we protected ourselves by going out to May, June and September with some of our call options trades.  We have also used put options this year because when the market is this choppy and with this volatile, you need protection.

Even better news, is that there will be a pure play on the trend over the next few months as we think the volatility continues.  We still think there is a chance the bulls push through our targets but we wouldn’t be surprised at all if we touch those targets and fade.  If the market fades again, then the bears will take center stage.  

As far as our portfolio, we are trying to preach these market conditions but IT IS a tougher market to trade and we do not send out trades just to grow our subscriber base.  In fact, many of you know we will be limiting our membership to 1,000 subscribers because we don’t want to be like other option newsletters.  One of our recent subscribers said that he was with another service which sent out 14 straight losing trades from mid-January up until now.  The problem was his service dropped coverage of the trades and never responded to his emails about the current trades.  Folks, we don’t roll that way.

We thought we would take some time to talk about the current market conditions and the trading atmosphere we are in to give you a better perspective on things.  That said, we remain extremely excited because the current volatility will continue to offer us some fat trading opportunities but there will be risks.  

Looking ahead to this week, we have a number of events that will be headwinds for the market.

Toyota’s (TM, $73.35, down $0.09) President changed his mind and will testify at a congressional hearing on Wednesday about the company’s recent recalls.  The House Oversight and Government Reform Committee is investigating Toyota’s recall of more than 8.5 million vehicles for gas-pedal and sudden-acceleration problems.

Federal Reserve Chairman Ben Bernanke will be in front of Congress again on Wednesday and Thursday to give his semi-annual monetary policy report to Congress.

There will be some economic news the market will have to digest as well.  The government will release new homes sales data for the month of January on Wednesday, while the National Association of Realtors will report its data for existing home sales on Friday.

We will be back in the morning with a fresh outlook and a complete update for all of the current trades.  We are also looking at a number of stocks that we will be adding to our Watch List.

As we head to press, Dow futures are up 26 points…

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Futures Point Towards Higher Open

Tuesday, February 16th, 2010

9:00am (EST)

The market futures are higher this morning as Wall Street returns from the three-day weekend on strength in the European markets and a rally in commodity prices.

With 30 minutes before the start of trading, the Dow futures are 37 points higher at 10,155.  The S&P 500 futures have advanced 6 points to 1085 while the Nasdaq 100 futures are up 7 points to 1790.

Gold is getting a pop this morning and is up $25, to $1,117 an ounce.  The euro rebounded against the dollar and investors seem to be buying gold this morning to protect against currency volatility.

Given the continuing uncertainty over the EU’s plans for Greece and limited corporate news, today could prove to be a little choppy.  China is celebrating their New Year this week so we aren’t counting on any “headline events” from them but you never know.

Abercrombie & Fitch (ANF, $33.85) is slightly higher this morning in pre-market trading despite posting a lower quarterly net profit and missing Wall Street’s estimates.  The company said it earned $47.5 million, or $0.53 a share, versus $68.4 million, or $0.79 a share, in the year-ago quarter. 

Revenue fell 5% to $936 million, while sales at stores open at least a year fell 13%.  Analysts had expected sales of $954 million.  A 12% drop in U.S. sales, which account for the vast majority of Abercrombie’s revenue, was partly offset by an 85% surge internationally which is why we might be seeing a higher open for the stock.

We have a number of trades that we are looking at this week and we profile two trades this morning that are on our Watch List in our Members Area.  Current subscribers, check for the updates.

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Market Volatility Continues

Friday, February 12th, 2010

1:05pm (EST)

The market is taking one on the chin today as most of the major indexes are experiencing losses but have come of the lows.  The bulls have traded blows, literally, every day this week and after the win yesterday, it’s the bears turn. 

There are a lot of elements causing today’s sell-off but more news that China said it would require banks to increase reserve levels is the biggie.  It was the second time in a month that this sentiment was echoed which would limit the amount their banks can lend.

Currently, the Dow is down 47 points to 10,097 while the S&P 500 is off by 4 points to 1,074.  Meanwhile, the Nasdaq is higher by a point to 2,178 and now seems to be the “strongest” of the big three. 

Trading continues to be choppy but our feeling is that individual investors do not want to commit new money to the market and traders are squaring up positions before the long holiday weekend.  The market will be closed on Monday for President’s Day.

Next week is options expiration week as the February chains expire NEXT Friday.

Folks, there could be an explosive move in store with a possible Greece resolution, options expiration week, and more pending news out of Washington expected.  China will be closed next week.

We should also get a clear signal on which way the market is headed.  A lot of money is being bet on the short-side but we aren’t taking sides just yet.  There are some interesting gyrations developing and there is a chance the market bounces off these current lows to much higher levels.  

Remember, when the herd thinks alike, the herd is likely to be wrong.  Right now, the sentiment on Wall Street is calling for a market correction, a pullback, or we are headed below previous lows, meaning Dow 7,500.  We don’t see that in the cards but we always look at both sides of the ball and try to play the trend.

We mentioned this morning that our trading manual is ready and folks, we are really super excited to bring you this product.  Our hope is to show you how to set-up a plan to follow the market, learn how it works and to find your own option trades.

You will be able to look at a stock and its chart and figure out EXACTLY what the stock needs to do for the trade to be profitable.  You will learn to figure out the best entry and exit prices and what your risks and rewards are.

Plus, with our expanded Watch Lists that includes up to date charts and detailed descriptions of what each company does, you will able to follow hundreds of stocks.  However, we teach you how to focus on where the money is flowing and what sectors are hot and which ones are turning cold.

We wanted to roll this out to start the New Year but we wanted to wait because of the current changes taking place in the options market right now.

We have been using new options quotes as many of you have seen in our Members Area and last weekend we did a special write-up on how to decipher the new symbols.  If you haven’t read it, click here.  It is a great read and it actually makes it easier to remember option symbols.

We are planning for hard copies to be available in March and there will be a special rate for the first month.  We are making this an incredible deal and it is our way of thanking all of you who have followed us for the last 2 years.  One bonus is that anyone who purchases our course will get an extra one-year membership added to their current subscription or if you are a new subscriber it will be included.

We are excited about the opportunity to teach you some of the neat features that will show you option trades that could provide you returns of up to 100%, 200%, 800% and even 2,500%.  Our track records from 2008 and 2009 are littered with these types of returns and you can view them at anytime.

Our 2010 track record will be available in a few weeks as we still have open trades for February so look out for it as well.  Of course, if you are already a subscriber then you have access to it daily.  There you will find all of our CURRENT trades AND all of the closed ones for the year.  If you have any questions on the manual, please email us over the weekend and we will get them answered. 

We will be back MONDAY night with the Weekly Wrap so everybody have a safe and happy 3-day weekend.   

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MomentumOptionsTrading.com Weekly Wrap for 2/7/10

Sunday, February 7th, 2010

2:45pm (EST)

The market spent much of the day in negative territory on Friday, as economic troubles overseas and a “surprising” unemployment report kept the bulls on the sideline.  By 2pm, the market had reached its lowest point of the day as the Dow was down 167 points to 9,835.  However, things changed.

In the final hour of trading, the bulls made a furious comeback and brought the Dow back into positive territory as it closed above 10,000.  After all was said and done, the Dow ended the day with a 10 point gain to settle at 10,012.

The S&P 500 and the Nasdaq went through similar moves but both finished in the green as well.  The S&P 500 closed with a gain of 3 points to finish at 1,066 while the Nasdaq added 16 points and closed at 2,141. 

For the week, the Dow and S&P 500 fell 0.5% and 0.7%, respectively.  The Nasdaq slipped 0.3% but all three are below their trend lines.

We have been mentioning the CBOE Volatility Index (VIX, 26.11, up 0.03) a lot lately and it can be a good indication of where the market is headed sometimes.  The VIX shot up more than 20% on Thursday and was flat Friday but is creeping back to levels that would indicate fear in the market.

On January 22nd, here were our thoughts:

“We also said we didn’t expect February to be a very good month for the market so our hope is that we get some kind of bounce next week.  Normally when the CBOE Volatility Index (VIX, 22.82, up 0.55) makes this kind of sharp reversal we know something is going on.  The VIX was at 17-ish on Wednesday and has jumped over 30% in two days.” (END)

The S&P reached a high of 1,150 twice on January 14th and 19th and that “double top” really was a sign that a temporary high had been reached.

If the VIX is at 30 or more then it means the market is nervous.  If the VIX is under 20, the market is confident.  We were at 17 less than a month ago and now we are now rapidly approaching 30.  And you thought we were kidding when we said volatility would pick up… 

So what’s this mean?  The bad news is that it does seem the market is finding new things to worry about which has made solid fourth-quarter earnings reports an afterthought.

The good news…well, is there really any good news?  After Thursday’s VIX move, it appears the 30 level could be taken out and that could speed out any correction. 

There are numerous headwinds that we face going forward and if China suddenly cools and the banks get levied with a huge tax burden then the market could be in big bubble, uh, we mean trouble.  Although we do feel the economic recovery is underway, our senses continue to give bearish feelings.

For the longest time we set higher targets for the market before anyone would make those calls and we pretty much nailed the top.  In August, we set our targets at 1,175 for the S&P 500 and for the Nasdaq our target was 2,275.  We had the Dow pegged at 10,800.  Well, the S&P traded 1,150; the Dow hit a high of 10,767; the Nasdaq reached 2,326.

Although there is a chance the market still gets a slight bounce, we feel February will continue to weigh on the indexes over the near-term.  Those same targets may come into play weeks or months down the road but for now we are hoping the Dow can hold 9,750 and for the S&P 500 we are watching the 1,045 level. 

If the bulls can hold these levels they will be good to go but if they can’t, the bears could take this market much lower.

For the Nasdaq, we are watching 2,075.  If that level is broken, then Tech could correct the fastest. 

The only 3 stocks you need to watch to get a good feel on where the Nasdaq is headed are Apple (AAPL, $195.46, up $3.41), Microsoft (MSFT, $28.02, up $0.18) and Qualcomm (QCOM, $38.04, down $0.13).  These three make up a quarter of the Nasdaq 100 (^NDX, 1,746, up 13) index.  We often talk about the Nasdaq futures in our morning outlook and this is the index they are based on.

Folks, if the internals continue to break down, and the major indexes continue to fail their 200-day and 20-week moving averages, then we could be setting up for a bear market that could get real nasty.  

The short-term momentum continues to be down and as option traders we should focus on buying puts.  We will have quite a few plays on our Watch List this week, including how you can take advantage of a rising VIX by using call options.  Although we deploy a mix of both calls and puts in our trade recommendations we are leaning towards more put trades right now.  If you think the market is headed much lower, we also show you how you can buy put options on some of the indexes as a pure play. 

We also have more earnings reports due out and February options expire in less than two weeks.  This is often the time we consider front-month options the riskiest to play but these options can provide powerful returns if you get the direction right.

Many of you reading this may have never played a down market because we have mainly been in a bull market for 10 months.  When the market starts to correct the average investor will run for the hills, which is why we are not seeing any buying in the market right now.

Sideways markets are hard to trade but bull and bear markets are where options traders make their money.  Again, if you think a stock, a sector, or an index is headed lower then use it to your advantage.  And the best thing with options is you don’t need as much capital as you do when trading stocks. 

If you are new to option trading we have an awesome Welcome Guide in our Members Area that will help you get started.  You owe it to yourself to learn how to play both an up and down market. 

We will be back in the morning with all of our current trade updates and later tonight we will release our updated 2010 portfolio results.   

“What Are You Doing TODAY to become a millionaire TOMORROW?

Member Area:
https://MomentumOptionsTrading.com/amember/login.php

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MomentumOptionsTrading.com Weekly Wrap for 1/10/10

Sunday, January 10th, 2010

11:00pm (EST)

The bulls won the first week of 2010 as they took the market higher despite a weak unemployment report on Friday.  The Labor Department said employers slashed 85,000 jobs in December while Wall Street had forecast a slight decline of 8,000 job losses. 

The one silver lining was the government revised November’s unemployment figures to a gain of 4,000 jobs, marking the first monthly increase in almost two years.  Although the unemployment rate remained at 10% last month, the bulls managed to blow off the report and finish the week on a high note.

All three indexes posted gains for the day and for the week which could mean good news if you believe in market history.  Usually if the Dow is up in the first week of January it leads to a good month and year so goes the theory. 

The Dow added 11 points on Friday and 190 for the week to close at 10,618.  Our near-term target remains 10,800 and this could be the week we take it down.

The S&P 500 gained 3 points to close at 1,145 and for the week the index added 30.  In August, we set our target at 1,175 so we are within spitting distance…

As far as the Nasdaq, we clearly saw the strength in Tech back in the summer and set a year-end 2009 target of 2,275 for the index.  That level was taken out before Christmas.  On Friday, the Nasdaq displayed its muscle once again and had the biggest percentage gain as it added 17 points to close at 2,317.

We remain bullish and our portfolio has consisted of mainly call options since March 2009.  We have added put options as “insurance” along the way but we still feel like the market moves higher from here.  Of course, once our targets are hit that could all change but the beauty of getting a pulse on the market is that it allows you to change accordingly.

If and when we reach those aforementioned targets, we either, continue higher, stay flat, or retreat to lower levels.  The cards to figuring out the next six months on where the market could be headed are being dealt right now.  A lot of investors and traders will be ready to pay the ”big blind” this week as 4Q corporate earnings start to come in.  We will go over this more on Monday morning.   

There is one stock we wanted to cover again tonight before we sign-off…

We have mentioned OSI Systems (OSIS, $31.64, up $2.75) a lot lately and we should have already been in this trade to be honest.  Sometimes there are trades that just stare you in the face and they have to slap you to get your attention.

Well, OSI is punching us in the gut and we are gasping for air.

The alleged failed boxer bomber has heated up the talk of faster deployment of full-body-imaging machines at airports around the world.  Talk about blowing up the family jewels…Our thoughts from December 31st (quotes are from that day):

OSI Systems (OSIS, $27.46, up $2.40) is up 10% as investors rushed into the stock starting on Monday.  The company makes these “body scanners” that could be used in airports that would allow tighter, faster security and the machines are selling for $150,000 a pop.  Needless to say, the market is enormous and some people think they should be in every airport in every city RIGHT NOW.

The shares have rallied following last weekend’s failed terrorism attack and last Thursday they closed at $22.  On Monday morning they opened at $23.04 and hit a high of $24.97.  Usually these types of trades fade but we underestimated this story and it cost us a sweet call option trade.

Yesterday, the OSIS January 25 calls (UOJAE, $2.95) easily doubled and were under $1 on Monday.  OSIS and others have been put on our short-term Watch List. (END)

Folks, the January 25 calls are now at $6.60!  The January 30 calls (UOJAF, $2.10, up $1.55) soared a whopping 280% on Friday after opening at 95 cents. 

Despite reservations from Congress, privacy advocates and airlines we think this movement has legs and we will take a look at a possible option trade in this one on Monday morning before the bell.  We will also have an update on all of our current trades which will be on the move this week.

As we head to press, Dow futures are showing strong gains as they are up 36 to 10,602.  S&P 500 futures are up 5 to 1,146 while the Nasdaq futures are higher by 8.  The first trading day of “January Expiration Week” is usually bullish, which is one reason we left most of our option trades open. 

Also, we have been seeing higher closes on Friday’s followed by solid Monday’s which leads us to believe the bulls are fully committed to taking the market higher. 

One important factor on if the market is at a top or continues higher will come on Friday.  January options will expire and over the past decade this has been a terrible day for the market.  If the bulls can lift this curse then we could be off to the races again.

Portfolio Update:  Our 2010 portfolio track record is posted in our Members Area and had been updated as of Friday’s close.  There are 3 closed trades with two of them showing triple-digit gains; A123 Systems (AONE, $21.51, down $0.65) is profiled showing our subscribers banked a 119% gain; a 90% profit in Imax (IMAX, $14.13, down $0.29); and a 150% return in Green Mountain Coffee Roasters (GMCR, $81.85, up $0.27).

We still have 6 open trades but some will be closed for double-digits gains while we roll new trades in.  That is what we love most about the market…there is always a trade. 

The 2010 portfolio is viewable in the Members Area at the bottom of the page.  We will start releasing the closed trade results to the public at the end of the month and they will be updated as we close them out but we wanted to give you a sneak peak before then. 

We will be busy all week and will be back in the morning with the playbook.  If you are not yet a subscriber you can still catch all of the action before the opening bell if you signup now!

See you in the AM…

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Trader Comments:

    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.”