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Moody’s Sours Bulls Mood

Monday, March 15th, 2010

1:20pm (EST)

The bears have started the week off by tugging on Superman’s cape, but they have done little damage up to this point. The are numerous headwinds the bulls are facing today, but it seems they are taking their time digesting all of the news just like we are.

The Dow is currently down 25 points to 10,599 while the S&P 500 is lower by 6 points to 1,144. The Nasdaq is down 17 to 2,350.

Moody’s (MDO, $28.22, down $0.04) said the risks are growing for some of the world’s largest triple-A-rated countries: Germany, France, the U.K. and the U.S.

And…?

Moody’s has gotten everything wrong, and we honestly don’t know why anyone would care what the firm has to say. They missed so many calls during the subprime and financial crisis that it’s hard to believe the company is still in business. Even harder to believe is the fact shares are trading near $30…

The Financial stocks are taking a hit as Washington pushes ahead this week on legislation to overhaul the our financial system. The bill is expected to ”curb” Wall Street’s influence over the Federal Reserve Bank of New York. It looks like Obama wants to have the final say on who runs the show in NY instead of the current board that includes representatives of member banks.

As far as economic news, the Federal Reserve Bank of New York’s Empire Manufacturing Survey came in at 22.86 this month from 24.91 in February. Wall Street had expected a reading of 24 for the month. Although manufacturing output was down the report said it is continuing to improve at a steady pace in March, including a rise in new orders and improvement in the labor markets.

Amylin Pharmaceuticals (AMLN, $22.89,up $2.63) is up over 13% after the FDA said it didn’t need more clinical data on its diabetes drug, Bydureon. However, the FDA did say they would like changes made to clarify the product labeling and asked questions about the drug’s manufacturing process.

amln031510

We were more interested in shares of Alkermes (ALKS, $13.79, up $1.58) which is the company that enables the slow delivery of the drug. The stock has jumped 13% but the March 12.50 calls (QAL100320C00012500, $1.15, up $0.30) are up 35%. They have traded to a high of $1.75 which is where they opened.

alks031510

If Amylin hadn’t blown its inspection on Friday, we may have swung the bat…

We think there is a chance the bulls wake up today as the market has come off its lows and overall we are still expecting a higher March. We have update the Members Area so let’s get to it…

Tags: Alkermes, ALKS, AMLN, Amylin Pharmaceuticals, MDO, Moody's, option picks, option signals, options alerts, stock options trading
Posted in Company Commentary, Market Commentary | Comments Off

Next Week Will Be Interesting…

Friday, March 12th, 2010

12:35pm (EST)

The market is mixed after a higher open and then fell into negative territory as we head into the second half of trading. We could really see the action pick-up as we head towards the closing bell and if we trend higher the bulls will be feeling good over the weekend.

If the market can push through resistance today and then again on Monday we could see individual investors and those who haven’t believed the rally start to jump back in.

The narrow range we have been in over the past few weeks could lead to a big explosion to the upside and there are a lot of catalysts that can take us higher.

We are also aware that the market is also at a “double top” and there is a chance of a pullback but we can feel the momentum, folks.

djiaweekly031210

Currently, the Dow is up 6 points to 10,618, the S&P 500 is flat at 1,150 while the Nasdaq is holding fort at 2,368.

No news, yet, on the FDA’s decision for Amylin Pharmaceuticals (AMLN, $20.41, down $0.78) diabetes drug Byetta but the company did mess up on an inspection. Talk about not dotting your “i’s” and crossing your “t’s”, the company had a manufacturing plant that wasn’t up to par when U.S. regulators paid the company a visit during a December inspection.

Geez, it almost makes us want to rush out and buy the March 15 puts (AQM100320P00015000, $0.80, up $0.10). We won’t take the trade because the company could still get some good news but there have been 8,500 contracts traded thus far.

Next week the March options expire and this usually brings added volatility so we wanted to update all of our trades early today. We have one open trade that is up 165% and we are sure our subscribers are eager to hear our thoughts.

We are getting ready to crank it up next week with 5-10 possible hot NEW trades and the profit opportunities look really good. You could make next week one to remember by adding some serious gains to your portfolio if you are ready to join us in the action. There will be risks and we will be looking at both calls and puts to play the volatility.

We will be back Sunday night with the Weekly Wrap and a complete review of this week’s action and a fresh outlook. We are at a pivot point and the battle between the bulls and bears next week could be a classic…

Tags: AMLN, Amylin Pharmaceuticals, DJIA, Dow Jones double top, option picks, option signals, options alerts, stock options trading
Posted in BioTech, Market Analysis, Market Commentary | Comments Off

Retail Sales Help Lift Futures

Friday, March 12th, 2010

9:05am (EST)

The market struggled for much of Thursday after a weaker open and briefly made it into positive territory a few times as the bears tried to keep their fingers in the dike. However, by the final hour of trading, the bulls flooded the market with buy orders and the bears ran for the hills.

The Dow managed to pull out a 44 point gain to close at 10,611, its highest level since January 20th. The 2010 high for the index is 10,767 and if we don’t get there today, it sure looks like we will next week.

We have also been talking about the 1,150 level for the S&P 500 and that is exactly where the index closed with its 4 point gain. This level was hit twice at the beginning of the year and was a good sign that the bulls are serious on taking the market higher.

The real deal has been the Nasdaq which set a fresh 52-week high by adding 10 points to close at 2,368. We recently raised our target for the Nasdaq to 2,400 but we may have to raise that again if the Dow and S&P can break through 10,800 and 1,175. If so, then we have mentioned that the Dow could run to 11,000 while the S&P could move towards 1,200 if those two indexes can keep up with Tech.

On Tuesday, we told you about Amylin Pharmaceuticals’ (AMLN, $21.19, up $0.29) big day today and it looks like they could be popping champagne at headquarters. The FDA could approve its diabetes drug Byetta, for which it is partnered with Eli Lilly (LLY, $35.82, up $0.48), to produce.

amln

This will be great news for Amylin if the drug is approved and will be a blockbuster as it should easily do $1 billion in sales, quickly. Byetta would be the first once-weekly treatment in the war against type 2 diabetes.

As you can imagine, there was a tremendous amount of action in the stock as well as the option pits. Over 12.6 million shares traded hands (3X normal volume) but there were plenty of big bets being placed on both sides of the ball.

The March 25 calls (AQM100320C00025000, $0.90, flat) were the flavor of choice for bullish traders as over 22,000 contracts traded hands. As far as the skeptics, they were hoarding the March 15 puts (AQM100320P00015000, $0.70, up $0.20) as volume came in at 25,000 contracts.

Most traders probably played the stock one way, betting for or against approval, but the two aforementioned options could have been used as a strangle option trade. We mention these types of trades from time-to-time but we stayed on the sidelines for this one. It is somewhat of a “chicken trade” or a “safety” play and can be used if you think a HUGE move is possible, either way.

We also mentioned we were watching Alkermes (ALKS, $12.64, up $0.08) which is a company that enables the slow delivery of the drug. No word yet but this breaking news will be hitting the market sometime today.

alks031210

Retail sales came in better-than-expected and the futures, which were already up, got stronger. As we head to press, the Dow futures are up 36 points to 10,583 while the S&P futures are up 5 to 1,150. The Nasdaq 100 futures are also up 5 points and stand at 1,927.

Tags: Alkermes, ALKS, AMLN, Amylin Pharmaceuticals, option picks, option signals, options alerts, stock options trading
Posted in BioTech, Market Analysis | Comments Off

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!

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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.

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.

Posts Tagged ‘Amylin Pharmaceuticals’

Moody’s Sours Bulls Mood

Next Week Will Be Interesting…

Retail Sales Help Lift Futures