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Monday Morning Outlook
May 14th, 2012

9:00am (EST)

“The one event that will bring some enthusiasm to the bulls will be FaceBook’s IPO which could be bullish for a week or so depending on how it’s received and priced.  Still, resistance should hold so let’s do some quick math on a 5% or 10% pullback just so we can be prepared.

With the Dow at 13,000, a 5% pullback would be 650 points and would put the blue-chips at 12,350.  The S&P 500 would be in the neighborhood of 1,300 on a 5% dip while Tech would be testing 2,800 or so.  As you can see from our chart work, these are the levels we have highlighted.” (5/6/2012 Weekly Wrap/ Monday Morning Outlook)…

The momentum to the downside continued last week as resistance held.  Lower highs and lower lows occurred daily as the bears easily won their second-straight week after cracking another layer of support.

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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 unprecedented start for 2012.  We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis.  Together, we are 85-18 and we doubt you will find a hotter newsletter. Our subscribers have closed 23-straight winning trades and we are on a roll.  Sign up now and get access instantly!
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MomentumOptionsTrading.com Weekly Wrap for 5/13/12
May 13th, 2012

11:30pm (EST)

1.  Market Summary 

2.  Glu Mobile (GLUU) – Smartphone Player Worth a Look  

3.  Earnings 

4.  Weekly Wrap Portfolio Update 

5.  Week Ahead

(To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section.  Please give us an hour to get the charts up as we are running a little late tonight.)

= = = = = = = = = = = = = = =  

If you are not a subscriber but would like to read more please click here.  Our Weekly Wrap Covered Call Portfolio is 17-0 for 2012.  We were 16-0 in 2011.  Some of our sweet returns include +55% on SZYM, +27% on CLNE, +38% on VVUS, +19% on MGM, 18% on DNDN, and 20% on DAR.  Remember, if you can make 20% on just 5 trades, you will double your money.
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Bears Show Teeth, Bulls Bite Back
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!
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MomentumOptionsTrading.com Profit Alert, New Trade for 5/11/2012
May 11th, 2012

11:20am

We have more smoking profits today as we wind down another huge week.

The put option trade is showing a double-digit gain but we are in the May chain which expires next Friday.  The time premiums will get whacked over the weekend so we are going to lock-in profits now.  However, we are also opening another NEW TRADE to play a continued downside move in the stock.

This is known as a “rollover” trade so let’s go do a dog trick.

Subscribers, check the Members Area for the details. 

Also, we will be posting the midday update a little later than usual but it will be out by 2pm.  We want to give you the latest updates we can before the close as we continue to monitor the incredible profits we are making.
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Market Ends Mixed as Tech Slips, Arena Pharmaceuticals (ARNA) Doubles
May 11th, 2012

9:00am

The market finished flat on Thursday after spending much of the session higher.  The bulls made a run at resistance in the early going but some late day news from JPMorgan (JPM, $40.74, up $0.10) shocked Wall Street and will likely carry over into today’s session.

The Dow added 20 points, or 0.2%, to finish at 12,931.  The blue-chips traded to a high of 12,855 but failed to crack 13,000 which has been strong resistance this week.

The S&P 500 gained 3 points, or 0.3%, to settle at 1,358.  The index kissed 1,365 and held green all day as it managed to stay above 1,350.

The Nasdaq slipped a point, or 0.04%, to finish at 2,933.  Tech got off to a good start as it traded to a high of 2,950 but this level is now resistance after the index closed below 3,000 last Friday.  We said there was a chance 2,900 could come into play this week and this level was tested on Tuesday and Wednesday.  We can’t call it much better than that.

Oh, wait.  Yes, we can.   

Arena Pharmaceuticals (ARNA, $3.66) soared 90% in extended trading last night and traded above $7 after being halted all day yesterday during regular Wall Street hours.  We were on pins-and-needles as we anxiously awaited the news which we finally got after the closing bell.  It was worth the wait as an FDA panel backed the company’s obesity drug, Lorcaserin, by an 18-4 vote saying the benefits of the drug outweigh the risks.  The FDA will make a final decision in June and usually accepts the board’s recommendation which is music to our ears.

JPMorgan stunned investors after the close by saying the company had incurred heavy “mark-to-market” losses and “egregious” mistakes had been made at its Chief Investment Office which hedges its portfolios. 

To dummy it down, JP lost $2 billion on bad investments that didn’t turn out like they had hoped.  Shares fell sharply in after-hours trading and ended at $38, down $2.74.

Futures instantly felt the pinch and dropped like a rock which lasted throughout the night.

As we head to press, futures look like this:  Dow (-85), S&P 500 (-10), Nasdaq 100 (-17).  As far stocks, JPM is at $37.34, while ARNA is at $7.12.

Subscribers, check the Members Area for the double pleasure.  With the market set to sink, our current put option trades should get a nice pop and our ARNA call option trade, should make us 300+% when the opening bell rings.

We also have a NEW TRADE we are trying to get in at the open so let’s get to it.  Please pay close attention to our limit price and trade instructions.
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2012 Closed Trades:
    Our updated 2012 Track Record is now at 85-18 for an 82% win rate. We have closed 24-straight winning option trades since late March!

    Despite the recent volatility, we have given more "locks" to our subscribers than a Vegas bookie. If you started with a $10,000 trading account, our CLOSED option picks would have made you over 600% by now. In other words, YOUR $10,000 option trading account would be worth over $70,000 as we have become one of the most powerful option newsletters in the business. Our biggest trade of the year so far was hit in early May when shares of Green Mountain Coffee Roasters (GMCR) fell 50% after an earnings miss which made our subscribers 576% on the put options!

    We DON"T count "half" closed trades twice, or "third" closed trades three times like other option newsletters do. Some option services will fluff their Track Records up by using these smoke-and-mirror tricks. They will also "average down" a losing trade in hopes of it coming back then will record the "average" price of the trade when it was really 2 bad trades. Most option websites DON'T have track records and say they give 300% winners. The devil is in the details.

    We don't play these types of games which is why we have the most dedicated subscribers in the business because we have earned their trust. We have recommended 103 trades, 85 winners, 18 losers for 2012. Pretty simple and pretty powerful. We also have verified auto-trading partners who trade our recommendations for your account if you cannot watch the market. They will also tell you how good and how honest our service is.

    Here are some of our other profitable triple-digit recommendations: Capital One (COF) call options +423% in 8 days, American Express (AXP) call options +310% in under 7 days, magicJack (CALL) call options +80% in 3 days, Microsoft (MSFT) call options +124%, STX call options +100% in 2 weeks, +114% and +131% on 2 MGM Resorts (MGM) call options trades in 3 weeks, +158% on Zynga (ZNGA) call options and +107% in Aflac (AFL) call options in 6 days. We also had a +200% winner with Scientific Games (SGMS). Some of our double-digit gains include +58% on WPRT calls, +80% on TSM and +38% on INT call options.

    Our Weekly Wrap is 35-0 since the start of 2011 and is 17-0 for 2012. Some of our winners include +55% on Solazyme (SZYM), +27% on Clean Energy Fuels (CLNE), +38% on Vivus (VVUS), +17% on MGM, +18% on Dendreon (DNDN), and +20% on Darling (DAR). Despite what the suit-and-ties say, you can make incredible gains trading the RIGHT covered calls.

    Over the past 5 years we are averaging a 75% winning percentage for all our trades despite volatile, flat and choppy markets. Come see why some of Wall Street's pros are following us instead of the Journal!

    Here are some of our profitable 2011 recommendations: ORLY call options +191%, VMW call options +100%, JOYG call options +169%; GS put options +184%; FDX put options +164%; OXY put options +74%; +137% on RIMM put options, +1,167% on RMBS puts in 11 days, +296% on FCX calls; +157% on ZAGG calls; +110% on LNKD puts; +133% on RLD put options.

    You can also request our Track Records to see all years by entering your email address which will allow you access to the portfolios.

    If you are missing these juicy profits, come give us a try. Get your password to our Members Area instantly when you sign up TODAY! One profitable trade will easily pay for your membership. You can request our 2008-2011 Track Records by sending us an email or filling out the box below. 665 Total Trades; 459 WINNERS or 7-out-of-10.
2008 - 2010
Track Record
94.05%
73% winners
Results are NOT compounded.

Request our detailed Track Records which are updated in our Members Area. As soon as you sign-up for a subsciption, you will have access to all open and closed trades for 2011 and past years.

Enter Your Email Address:

Trader Comments:

    REGINA L.
    I just want you to know that I love the way you write and explain everything. I am new to this, and have lost 50% of my account until I met you guys. Iit is slowly coming back. I will be calling to set up a year
    of membership rather than the one quarter. Thanks again, and LOVE YOU ALL.

    STEVE T.
    Rick, I appreciate the advice. I think I will just sit back and utilize your selections only for awhile. This will obviously save me a great deal of money in commissions. I have gone thru your entire site including the video on money management. This has brought me to the stark realization that I have been trading too much for too little. I definitely have not been "swinging for the fences", but I also think I have been getting impatient with trades and getting out too fast. This has no doubt caused me too trade too much. I like, and definitely agree on, the advice on money management. Thanks for the help.

    SCOTT H.
    Thank you!!! I held on to the NFLX position since Nov. 13 at a cost of $1.89. Sold ½ on April 14th for a 540% return and the other ½ upon earnings for 702% return. Total profit of $11,615 a 621% return. Keep the recommendations coming and thanks to you and your team for the service you provide.

    PETER G.
    Rick & Team, GREAT Call on NKE for my two trading accounts:
    1) Entry at .65, out at 1.45, 1.55 Profit = $415
    2) Entry at .60, out at 1.75, 1.50 Profit = $485

    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.”

    Jan. 31 2012
    Rick, new member...Studied all current trades, did some chart work,picked ZNGA, PEP, MGM...Sold on Feb. 2 for $3600.00 profit...Cost for 1-year membership to your newsletter was less than $1000.00..All I have to say..Thank you. John H –

    3/18/11
    Rick, I purchased 10 contracts of the Nike March 85 puts Thursday afternoon for $2.00. Thing is, I was upset because the puts went down to $1.60 or so before the market closed. Well, needless to say Nike didn’t impress Wall Street and when I turned on the computer this morning the puts were worth $7.10! Sold them for a $5,100 profit!. Thanks again, you are the MAN. Chuck J-

    2/3/12
    Hi Rick,

    I will start off with a thank you for your time and dedication to all
    the research you and your team commit yourself to. This is not me just being excited about the profits I have accumulated aka (bank) ! You have helped me get back to the passion I had of researching stocks/options. Keith N-

    Hi Rick,

    I want to share my great results on GMCR. Based on your comments on February 15th, I bought 20 options at $0.28. They closed today at $7.00, which is a 2,300% gain. My $560 dollars turned into $14,000 in less than a month. In decades of trading, this is my single best trade ever. Thank you! By the way, the Dow was down 228 points today and I could care less. What a great trade. It proves the amazing power of options. I am so grateful for your service, which calls it straight all the time, your options trading manual, and most of all, your amazing skill
    at finding winning trades. I have attached a copy of the trade from
    my brokerage screen.
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