Weekly Wrap | Momentum Options Trading Alerts and Option Picks Blog

We recently added a nice stock
ticker to our site. You can click
on the Edit button to customize
your own stock watch list. If you
click on a stock quote on the ticker
itself, a chart window will pop up to
give you more details about that
specific stock. We hope you find
this helpful!

Blogs Directory

EatonWeb Blog Directory

MomentumOptionsTrading.com Weekly Wrap for 3/7/10

Sunday, March 7th, 2010

7:00pm (EST)

“Baby, we were born to run…”

The bulls had a theme song last week and were singing all day long Friday as the market surged following the unemployment report. The Labor Department said employers cut 36,000 jobs last month, better than the 50,000 cuts and 9.8% forecast by Wall Street’s wizards.

The unemployment rate held steady at 9.7% and is seen as the most important measure of the economy’s health. The U.S. unemployment hit 10.1% in October but is slowly recovering as employers gain confidence in the economic recovery.

Another good tidbit of news…the Federal Reserve reported Friday that consumer borrowing rose by nearly $5 billion in January, surprising the pencil pushers who were looking for borrowing to decline by $4.5 billion. The helps lift the market to new highs in the final hour of trading as it was the first gain after a record 11 straight declines. It was also the largest increase since July 2008.

As a result, the market climbed more than 1% as all three indexes continue to push towards their January highs. It was also the bulls’ best week since early October 2009.

The Dow rose 122 points, or 1.2%, to finish the week at 10,566. The index toppled the 10,500 level for the first time since mid-January and showed a weekly gain of 2.3%, or 241 points. The Dow’s high for 2010 is 10,767.

The S&P 500 jumped 16 points, or 1.4%, to close at 1,138. For the week, the index advanced 3.1%, or 34 points, and is within shouting distance of the January 1,050 high.

Finally, the Nasdaq surged 35 points, or 1.5%, to settle at 2,326. Tech added an impressive 3.9% for the week, or 88 points, which is the EXACT high that was set in January.

We kind of expected the “Christmas rally” to stall in January as the targets we had set back in August were nearly hit. In last Sunday’s Weekly Wrap we mentioned the targets of 1,175 for the S&P 500; 2,275 for the Nasdaq; and 10,800 for the Dow. We said there was a good chance for a rally and a “retest of the January highs over the next few weeks could come into play.

Well, here we are. Given the current sentiment, there could be a “rush” by some investors to get back into the market and this is what we have been planning for. We said on Friday in our Members Area that we think Monday will be a HUGE day for the market. A tide to lift all boats so to speak…

The weekend futures were showing strength on Saturday but are pretty much flat as we go to press. The Dow futures were showing a 114 point pop but have slipped and are currently unchanged; S&P 500 futures are showing a half point gain after being up 14; the Nasdaq futures are up 2 points.

If we do get another week-long rally, then our NEW short-term targets would be Dow 11,000; S&P 500 1,200; Nasdaq 2,400.

This week, several retailers will post earnings as the sector appears to be recovering from a year-long slump. We have one trade we are eyeballing and will probably be recommending put or call options on a few more.

As far as economic news, there will be plenty to digest. The monthly trade deficit will come out Thursday but little change is expected for January from the month before. On Friday, we get February retail sales and January business inventories, while the Reuters/University of Michigan issues its preliminary reading for the March consumer sentiment index.

We would love to see the market continue its winning ways and maybe Saturday’s futures were giving us clues on where we could be headed. We still believe we can at least test the 2010 highs this week and possibly higher but nothing is a given in the stock market. We could test and fall right back into the trading range. We mentioned earlier that the Dow hit a high of 10,767 which we reached in mid-January. Two weeks later, the index was struggling to hold 10,000.

There are still plenty of headwinds the market faces and any hint of an economic recovery could lead to higher interest rates. We don’t think this is necessarily bad news but small businesses and start-ups are still getting shunned for loans so the the Fed will be walking a tight rope. This is where the jobs are created and we are still seeing many big firms cut back.

We will be back Monday morning with the earnings preview and we will have a complete update for all of our open trades as well as several new trades in the offering or waiting in the wings. See you at 9am, folks!

Tags: option picks, option signals, options alerts, Stock Market Weekly Wrap, stock options trading
Posted in Market Analysis, Market Commentary, Weekly Wrap | Comments Off

MomentumOptionsTrading.com Weekly Wrap for 2/28/10

Sunday, February 28th, 2010

7:30pm (EST)

The market stayed in a tight trading range on Friday as volume was light following another snow storm that hit the upper east coast. The blizzard that hit New York City kept a lot of traders away from Wall Street and light volume days can be choppy and violent, meaning huge swings, but the market stayed near even for much of the day.

We mentioned the good economic data we got on Friday which seemed to help the bulls case. The Commerce Department reported a 5.9% increase in 4Q gross domestic product (GDP), versus Wall Street’s estimate of 5.7%. Meanwhile, the February Consumer Sentiment Survey from University of Michigan was little changed at 73.6 and in-line with expectations.

The Dow managed to pull out a 4 point gain to close at 10,325 but lost 77, or -0.7%, for the week. However, the index added 2.6%, or 258 points, for the month of February.

The S&P 500 added a little over a point to settle at 1,104 but lost 5 points, 0.4% for the week. The good news is that the index gained 2.9% for the month, or 31 points.

Finally, the Nasdaq added 4 ticks on Friday to finish at 2,238. The index shed just 5 points, or 0.3%, for the week and ended February with a solid gain of 4.2%, or 90 points higher.

Once again, the targets we set back in August will now come into play and they are: 1,175 for the S&P 500; 2,275 for the Nasdaq; 10,800 for the Dow. Although we are still getting mixed signals as far as market direction, we think there is a chance of a decent rally and a retest of the January highs over the next few weeks could come into play.

As far as economic news this week, there are quite a few reports we will need to watch but the big one will be Friday’s unemployment update.

Bad weather could be blamed for a small rise in the February unemployment rate as the number of people filing first-time unemployment claims may have jumped, in part because of the weather. The jobless rate fell to 9.7% in January from 10% in December but is expected to come in at 9.8%.

On Monday, we get a look at January personal income and spending as well as January construction spending. The market will also digest the Institute for Supply Management’s (ISM) figures on the February manufacturing index.

On Wednesday, the Federal Reserve will release its Beige Book and on Thursday the government’s revised figures on fourth-quarter productivity are due along with reports on January factory orders and January pending-home sales.

As far as earnings (quotes from Friday’s close):

Monday: AnnTaylor Stores (ANN, $17.21, up $0.90), AutoZone (AZO, $165.93, down $0.15), Churchill Downs (CHDN, $35.58, up $0.54), Dish Network (DISH, $19.97, up $0.10), Dress Barn (DBRN, $24.86, up $0.03), Foot Locker (FL, $12.97, up $0.20), H&R Block (HRB, $17.28, down $0.06), Kenneth Cole (KCP, $11.72, down $0.46), National Healthcare (NHC, $36.79, down $0.38), Public Storage (PSA, $82.19, up $0.28), Perfect World (PWRD, $39.39, up $2.04), PetSmart (PETM, $27.22, down $0.27) and TiVo (TIVO, $9.48, down $0.13).

Tuesday: Bank Of Montreal (BMO, $53.17, down $0.65), Cooper Tire & Rubber (CTB, $17.54, up $0.35), Diamond Foods (DMND, $34.85, down $3.86), Domino’s Pizza (DPZ, $12.49, up $0.06) and Staples (SPLS, $25.76, down $0.17).

Wednesday: Big Lots (BIG, $33.50, up $0.60), BJ’s Wholesale Club (BJ, $36.17, up $0.18), Canadian Solar (CSIQ, $19.12, down $0.17), Cinemark Holdings (CNK, $16.11, up $0.08), Famous Dave’s of America (DAVE, $6.68, up $0.09), Joy Global (JOYG, $50.79, up $0.56), Royal Bank Of Canada (RY, $54.05, up $0.10) and Sun Healthcare Group (SUNH, $8.89, up $0.09).

Thursday: Anheuser-Busch InBev (ABI.BR, $36.76, up $0.51), Ciena (CIEN, $14.34, down $0.347), Costco Wholesale (COST, $60.97, down $0.43), Del Monte Foods (DLM, $11.72, down $0.16), Overstock.com (OSTK, $12.31, down $0.15), Nash Finch (NAFC, $35.27, down $0.10) and Wendy’s / Arby’s Group (WEN, $4.88, up $0.10).

Friday: Urban Outfitters (URBN, $32.30, up $0.32) and Vivus (VVUS, $8.40, down $0.01).

Speaking of earnings, Berkshire Hathaway (BRK/A, $119,000, up $1,000), (BRK/B, $80.13, up $0.73) reported over the weekend and said net income rose to $3 billion, or $1,969 per Class A share, from $117 million, or $76, a year earlier, on revenue of $30 billion for the quarter.

For 2009, net income jumped 61% and came in at $8.1 billion, or $5,193 per class A share, versus $5 billion, or $3,224 per class A share, in 2008. Berkshire’s net worth rose nearly 20% in 2009 which is the way Mr. Buffett prefers to measure the company’s performance.

No doubt, this will be a story the market follows and Mr. Buffet will be on TV talking about the results on Monday. We will be back in the morning to give you an update on where the market is headed and a full review on all of the current open positions in the portfolio.

As we head to press, Dow futures are higher by 45 points to 10,356 while the S&P 500 futures are up 6 to 1,109. The Nasdaq 100 futures are showing a 10 point pop and are at 1,828. If things hold, we are going higher at the open Monday morning…

Tags: option picks, option signals, options alerts, stock options trading
Posted in Earnings, Market Analysis, Market Commentary, Weekly Wrap | Comments Off

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…

Tags: option picks, option signals, options alerts, stock market summary, stock options trading, Toyota Motors
Posted in Company Commentary, Economic News, Market Analysis, Market Commentary, Option Trades, Stock Earnings, Strategies, Trading Psychology, Trading Tips, Watch Lists, Weekly Wrap | Comments Off

MomentumOptionsTrading.com Weekly Wrap for 2/15/10

Monday, February 15th, 2010

10:30pm (EST)

The market ended mixed on Friday but the bulls did manage to win the week for the first time in five. Word that China took steps to scale back lending for the second time in slowed the bulls but Tech finished strong keeping losses to a minimum.

The Dow fell 45 points after being down as much as 160 points to close at 10,099. Believe it or not, it was the first positive week since the beginning of the year as the index added 87 points, or 0.9%.

The S&P 500 finished at 1,075, down 3 points, but also added 0.9% for the week, or 9 points.

The Nasdaq has been the interesting story and could hold clues to where the market is headed over the next few weeks. The index closed at 2,183 after finishing with a gain of 6 points. For the week, the Nasdaq soared 2%, or 42 points and closed above its 20-week moving average for the first time in a this month.

Economics will play an important role in this week’s shortened session as the market was closed on Monday for President’s Day. Tuesday brings the Empire Manufacturing numbers and Wednesday we get January Housing Starts and Building Permits as well as the Minutes from the FOMC Meeting. Thursday will bring news on Initial Claims and the Producer Price Index while on Friday we get the Consumer Price Index.

There are a number of companies still reporting earnings and we may get an opportunity to trade a few of these names this week.

Tuesday: Aaron’s (AAN, $30.22, up $0.24), Abercrombie & Fitch (ANF, $33.85, up $0.85), Domino’s Pizza (DPZ, $11.53, up $0.06), Fossil (FOSL, $34.22, up $0.75), Kraft Foods (KFT, $29.09, up $0.10), Merck (MRK, $36.92, up $0.04), Waste Management (WM, $31.83, down $0.10) and Whole Foods Market (WFMI, $29.75, up $0.54).

Wednesday: Advance Auto Parts (AAP, $42.81, up $0.26), Chesapeake Energy (CHK, $24.96, down $0.17), Deere (DE, $53.11, up $0.79), Hewlett-Packard (HPQ, $48.46, down $0.16), iRobot (IRBT, $15.84, up $0.16), NetApp (NTAP, $31.46, down $0.08), Priceline.com (PCLN, $207.78, down $1.12) and Skechers USA (SKX, $28.16, up $0.59).

Thursday: Apache (APA, $99.58, down $0.24), Barrick Gold (ABX, $36.70, down $0.37), Cabela’s (CAB, $16.86, down $0.14), California Pizza Kitchen (CPKI, $13.73, up $0.01), Dell (DELL, $13.84, down $0.11), DryShips (DRYS, $5.44, down $0.08), First Solar (FSLR, $115.10, up $1.29), Intuit (INTU, $29.39, up $0.21), Key Energy Services (KEG, $10.00, up $0.24) Sycamore Networks (SCMR, $19.91, up $0.11) and Wal-Mart Stores (WMT, $52.90, down $0.18).

Friday: Amerigroup (AGP, $25.43, up $0.10), Brookfield Asset Management (BAM, $21.71, up $0.10), HMS Holdings (HMSY, $46.51, up $0.80), JCPenney (JCP, $24.89, up $0.10) and Penske Automotive (PAG, $15.02, up $0.04).

We will be back in the morning with our trade updates and a fresh outlook. As we head to press, Dow futures are down 17 points.

Tags: option picks, option signals, options alerts, stock options trading
Posted in Earnings, Economic News, Market Analysis, Market Commentary, Weekly Wrap | Comments Off

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

Tags: new option symbols, option picks, option signals, option symbol changes, options alerts, stock options trading
Posted in Company Commentary, Earnings, Economic News, Market Analysis, Market Commentary, Trading Psychology, VIX, Watch Lists, Weekly Wrap | Comments Off

« Older Entries

No fancy spreads. No iron condors. No need to watch the markets all day long.

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.”

Archive for the ‘Weekly Wrap’ Category

MomentumOptionsTrading.com Weekly Wrap for 3/7/10

MomentumOptionsTrading.com Weekly Wrap for 2/28/10

MomentumOptionsTrading.com Weekly Wrap for 2/21/10

MomentumOptionsTrading.com Weekly Wrap for 2/15/10

MomentumOptionsTrading.com Weekly Wrap for 2/7/10