Momentum Options Trading Blog
Daily market updates at 9am & 1pm EST
Categories
Archives
Blog Roll

Posts Tagged ‘bac’

Nasdaq Trips 4,200/ Bank of America (BAC) Clears $17/ Profit Alerts!!!

Wednesday, January 15th, 2014

1:15pm (EST)

The bulls are trying to get back-to-back wins on the Dow for the first time this year as they power their way towards fresh highs overall.  Today’s push is being led by Tech and the Financial stocks as better-than-expected results from Bank of America (BAC, $17.17, up $0.40) have given the sector a boost.

Shares of BofA have been surging since the move past $15 in mid-November and we should have reentered the stock on the breakout for our Weekly Wrap.  We started recommending covered calls on the stock when shares were at $5 back in 2011.

We have had 8 winning trades over the past few years on BAC for solid double-digit returns as we nearly doubled our money but we didn’t want to chase the stock into earnings although we should have played call options.

The January 17 calls (BAC140118C00017000, $0.26, up $0.10) closed at 16 cents on yesterday’s close and traded to a high of 43 cents this morning.  These options expire Friday so it would have been a lottery trade but the returns would have been nearly 170% had the options been closed at the peak.

The February 17 calls (BAC140222C00017000, $0.56, up $0.16) are up 40% and have traded to a high of 70 cents after closing at 40 cents yesterday.

We were selfishly looking for shares to fall back to $15 instead of pulling the trigger on the breakout but we haven’t gotten that chance.  We may not as shares will likely make a run past $20 this year.  We will do some chart work over the weekend to see if this is still a good entry point for BAC.  We can lower our cost by selling options against the position but we want to make sure the premiums are enough to make the trade worthwhile as there are a number of other trades we like a little better.

Tomorrow will be a big day for economic and earnings news and the push to and past resistance today could lead to another possible run to our extended price targets.  There could also be a pullback into the trading range if there are disappointments but we are looking for higher highs.

The Dow is higher by 126 points to 16,500 while the S&P 500 is gaining 10 points to 1,849.  The Nasdaq is up 29 points to 4,212 and the Russell 2000 is popping a 6-pack and is at 1,169.

Subscribers, check the Members Area for the updates.  We have 2 Profit Alerts today, including one trade that has made us 55% in less than 24 hours.

Blue-Chips Get a Facelift/ Profit Alert (QQQ)!!!

Tuesday, September 10th, 2013

12:10pm (EST)

Out with the old, in with the new.

The Dow Jones Industrial Average is made up of 30 stocks.  From time-to-time, stocks are dropped and others added to make up 30 “blue-chips” companies.  Today’s announcement in a 3-swap deal kicks Alcoa (AA, $8.07, down $0.02), Bank of America (BAC, $14.63, up $0.15), and Hewlett-Packard (HPQ, $22.24, down $0.13) to the curb while the door opens for Goldman Sachs (GS, $164.23, up $4.74), Nike (NKE, $66.13, up $0.73) and Visa (V, $183.06, up $4.51).

The changes aren’t immediate but will take place after the close on September 20.  Since the Dow is a weighted index, Visa and Goldman Sachs will have the second and third highest weightings, respectively.  International Business Machines (IBM, $186.86, up $1.88) is still the biggest blue-chip and the changes push Caterpillar (CAT, $86.21, up $0.62) down to fourth.

We talked about IBM and CAT in the Weekly Wrap and in the Monday morning Daily.  We said to watch these 2 stocks, along with Apple (AAPL, $503.97, down $2.20) for clues of a further advance in the market.

We have another Profit Alert today and we wanted to stress the importance of chart work.  We know every trade cannot be a winner and we hate losing trades more than anything.  We strive to hit 70% or better on all of our trade recommendations that is a pretty hard success rate to achieve in options but we have done it consistently, in front of an audience, for 6 years now.

We had a trade that was down 64% coming into the month but we felt pretty good about our research and we said the bulls would rally to start September after a miserable August.  So far, so good.

The PowerShares QQQ’s (QQQ, $78.14, up $0.31) were pushing $75 coming into the month but our chart work was showing strong support at $75 and we said a rally past $78 up to $79-$80 could come.  This kept our emotions in-check and once we started to get the rebound last week, we had a good feeling we could be ringing the resister this week.

We took profits this morning and although the trade didn’t return 100% like we always target, we were able to cash in for a 21% gain.  Not bad for a month’s work.  We were in the options at 70 cents and they had traded down to a quarter before rebounding and hitting our limit price to close the trade as 85 cents this morning.  For those that bought at 25 cents, they made 200%.

We are still holding a few more call options (and a few put options) as we wait for the market’s next major trend to develop.  Remember, the recent gains have only pushed the top of the trading ranges with Tech breaking out so there are a few more confirmation signals that need to trigger before the bulls get the “all clear” sign.

We have also mentioned we are expecting a pullback to possibly start midweek but some of the dynamics are changing that appear to be bullish.  If Syria is willing to work with Russia to eliminate the chemical weapons then there is light at the end of the tunnel.  However, we have a hothead speaking tonight with a slippery tongue.

The possibility of less military action or no strike on Syria could be a game-changer and the Dow’s new buddies could provide a big lift to the index later this month as they are officially added.

The Dow is currently up 82 points to 15,145 while the S&P 500 is higher by 8 points to 1,679.  The Nasdaq is jumping 15 points to 3,722 while the Russell 2000 is advancing 5 points to 1,051 and has cleared 1,050.  This is very bullish.  The S&P 500 Volatility Index ($VIX, 14.79, down 0.84) is down 5% and is below 15.  Also bullish.

We could have New Trades this afternoon or tomorrow, depending how the headlines and the technical picture plays out so stay locked-and-loaded.  In the meantime, let’s go see where things are at with our current trades.

Subscribers, check the Members Area for the updates.

Money Moving In on Monday’s, McDonald’s (MCD) Misses

Monday, July 22nd, 2013

1:10pm (EST

After a slow start, the bulls are trying to make another push higher and if current levels hold, it will be the fourth-straight up Monday and another set of all-time highs.  The blue-chips are showing some strength despite the earnings miss by McDonald’s (MCD, $97.67, down $2.60) this morning before the bell.

The company reported a profit of $1.38 a share on revenue of $7.08 billion.  The suit-and-ties were looking for $1.40 a share on sales of $7.09 billion.  It was a sluggish quarter and the company said July sales are also expected to be flat.  Shares are down nearly 3% and have accounted for 20 negative points on the Dow.

The Financial stocks continue to show strength as JPMorgan Chase (JPM, $56.59, up $0.43) and Bank of America (BAC, $14.95, up $0.20) continue to set new 52-week peaks and Tech is rebounding from Friday’s pullback and is pushing resistance again.

We threw the kitchen sink at you this morning as to what to expect from the market over the next few weeks and for those of you just joining us, remember to login to the Members Area to check all of the chart work for the indexes and for our current trades.

We said this would be a busy week with earnings that could have a major impact on direction this week and so far we like what we see.  We have been closing our current call option trades and rining the register as we move to higher highs but we have become somewhat cautious as the major indexes are close to triggering our yearend targets.  It doesn’t mean we are bearish as we will continue to trade the trend, it just means we need to be careful and take profits when we can.

We still haven’t seen a “capitulation” or blow-off top to new highs as the July climb has been slow and steady.  Money is still moving into the market and volume is picking up.  These are bullish signs and we covered a lot of this in this morning’s Daily and the Weekly Wrap.

Gold and Silver are also rebounding and we talked about how they could continue to do so before another steep drop.  Gold is higher by $40 an ounce to $1,333 while Silver is up over a buck to $20.55.  Both metals have a little more room to run before they push the next layers of resistance at $1,350 and $22.  A strong move above these levels would signal a bottom is in but don’t trust these rebounds until the next waves are cleared.

We have a lot more to talk about in our Members Area so let’s get on it.  As we head to press, the Dow is up 15 points to 15,558 while the S&P 5oo is advancing 4 points to 1,696.  The Nasdaq is higher by 11 points to 3,599 and the Russell 2000 is gaining 3 points to 1,053.

Subscribers, check the Members Area for the updates.  One of our trades has been closed for a 91% profit as our Hard Stop on the other half has been triggered.

China Chills Wall Street

Wednesday, March 21st, 2012

9:00am (EST)

The bears snapped a 3-session losing streak on Tuesday as the bulls were unable to recover from the ambush at the open.  Futures were weak as we headed to press so we knew it was going to be an uphill battle to get back to even.  The blue-chips fell triple-digits at one point but the strength in Tech (and the Financial stocks) helped keep losses in check despite worries of a “hard landing” for China.

The Dow dropped 69 points, or 0.5%, to finish at 13,170.  The index fell just below near-term support at 13,200 and we can imagine Wall Street traders getting nervous if we edge back down to 13,000.  Yesterday’s low was 13,123.  One bright spot was Bank of America (BAC, $9.81, up $0.28) which is a current covered call trade of ours for the Weekly Wrap.  Shares pushed double-digits again after reaching a high of $9.97 yesterday.  We started recommending shares at $5 back in December.

The S&P 500 slipped 4 points, or 0.3%, to close at 1,405.  The index traded down to 1,397 on the open but was able to reclaim 1,400 by the close.  There is further risk down to 1,375 but 1,425-1,450 is still in play.

The Nasdaq declined 4 points, or 0.1%, to settle at 3,074.  Tech battled back from a low of 3,050 which was a nice round number and further support is at 3,000 should the bears keep the pressure on.  We still believe the bulls will make a run at 3,250 before a pullback comes and yesterday’s action off the lows was encouraging which shows the bulls resiliency.

We still see a few choppy sessions ahead of us but if the bulls can get through March, we could see a big April with our near-term targets for the indexes being achieved.  Remember, we said the back half of March is usually bearish with the first half bullish and so far the market is following that script.  Our homework over the weekend showed any pullback we get could be mild before the market sets new 52-week highs in April (or sooner).     

Futures are mixed as we head to press and look like this:  Dow (+9); S&P 500 (+1); Nasdaq 100 (-2). 

We have a NEW TRADE that we are spreading out to play longer-term options on so our goal is to get these options at the open.  These are “cheap” out-of-the-money calls on a stock we feel is going to explode at some point this year.

Subscribers, check the Members Area for the specific trade instructions and why we like this trade a ton.

Big Week For Bulls, What’s Next?

Friday, March 16th, 2012

12:55pm (EST)

Tomorrow is St. Patty’s Day and the bulls are trying to add some more green to this week’s gains.  We have a lot to cover so let’s go over the numbers real quick. 

The Dow is up 2 points to 13,255 while the S&P is higher by 2 points to 1,404.  The Nasdaq is also up 2 points to 3,059.  Maybe we should play 222 as a “pick 3” today as hot as we have been.

Here is a quick update for our portfolios.

This week has been one of our best week’s ever for the Daily publication.  We are currently nursing open trades of 428%, 308%, and 118% to go along with the 35 winning trades we have closed for 2012.

We have been able to turn a $10,000 trading account into over $40,000 which is a return of over 300%.  We seriously doubt any other option newsletter can match our results so far this year.    

Not only have we had an incredible week for our Daily newsletter, our Weekly Wrap quietly continues to perform beyond our wildest expectations.  We are on track to close up to 7 double-digit winners by the closing bell as the March options expire today.  Take a look at the profits that could be coming our way if shares hold above the current strike price on the options we have sold.

magicJack VocalTec (CALL, $25.19, up $1.00) +19%

Bank of America (BAC, $9.58, up $0.34) +20%

Vivus (VVUS, $20.34, up $0.20) +38%  

Alcoa (AA, $10.56, up $0.21) +17%

Symantec (SYMC, $18.11, down $0.09) +16%

Solazyme (SZYM, $15.66, down $0.19) +55%

MGM Resorts (MGM, $14.44, down $0.27) +13%

This will bring our 2012 Closed Trades for the Weekly Wrap to 19-0.  If we include last year’s 16-0 mark, we could be 35-0 since started the newsletter a little over a year ago.  Remember, our goal is to bring you solid double-digit profits every month with this publication no matter what the market is doing.  If you can hit 5 winning trades for 20% or more you will double your money.  The aforementioned covered call winners would have done just that for you.

We will give you our full track record this weekend as we are squaring-up a number of positions today.  We did take a few hits on a few aggressive earnings trades but overall we should be 55-10 thru the first 3 months of 2012.  Please note, and this is super important, we do not count half or quarter winning trades 2, 3, and 4 times.  There are many option services that do this.  If we did, our track record would be 85-10. 

Other newsletters will also double down and tell you to buy more of a position if it is down and then they will average their cost down.  However, if the trade is a loser, they will only count it once. 

The bottom line is that most investment newsletters don’t have a track record because they give you so many trades hoping to hit on a few and they don’t trade their own account.  They brag about the winners but won’t mention the losers. 

We have auto-trading partners which verify our results and you can always request our current 2012 Track record by sending us an email if you are not a current subscriber.

Our reputation is built on trust and all of our trades are done in real time and are time dated.  Our auto-trading partners get great fill prices on all of our trades for your account and your order is placed the instant our Trade Alerts go out.  If you are a busy professional and can’t watch the market all day long, let our brokers do the work for you.

The reason we are telling you all of this is because we have been tired of listening to the Wall Street “pros” and talking heads that have gotten this market wrong and when it does crash they will tell you they were right.  However, if and when there is a selloff, don’t get nervous.  Remember, we can make just as much money to the downside as we can the upside.  Just take a look at our 2008 portfolio, especially some of the returns on the Financial stock option trades. 

We have a busy weekend ahead of us but the good news is our portfolio is light for both our Daily and Weekly Wrap which means we are ready to start our next batch of 50 trades.  We will let the charts tell us which way the market is headed instead of trying to guess and wait for a pullback.  The trend has been higher since the August lows and we have outlined clear support levels to watch for if there is a trend change.  Until then, the trend is our friend.

We will be back Sunday night with the Weekly Wrap and we have updated our current trades one last time.  Until then, have a great weekend everyone! 

(Remember, we just ran a special for our Weekly Wrap so if you would like a 3-month trial at a 50% discount, please send us an email.)  

« Older Entries
Weekly Wrap Subscription

    Stop Missing Out!
    Real-time trades and detailed stock market analysis for the past week and week ahead.


Free Download

    Download a FREE copy of our detailed Track Records. Register today for access to all closed trades for 2014 and past years.

    Enter Your Email Address:


Follow us on Facebook
Follow us on Twitter



Biggest Winners












    The portfolios can be found in the Members Area as well as past portfolios from 2008-2011. Overall, we are 621-273 on nearly 900 real-time recommendations that equals a success rate of 70%. This means, on average, 7-out-of-10 of our option trade recommendations make you money and we hope to have an even better success rate for 2013.

    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 2008-2012 Track Records by sending us an email or filling out the box below.

Trader Comments:
    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. REGINA L.

    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. STEVE T.

    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. SCOTT H.

    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 PETER G.

    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. LAWRENCE O.

    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! C.J.

    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! SHAUN

    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. MICHAEL K.

    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!
    PARAG P.

    Hi Rick, as a new member all I can say is, 'show off' LOL, with PCLN. JAY P.

    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. MIKE

    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. TRISH D.

    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! MIN L.

    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! JOE G.

    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. GREG F.

    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. NOEL

    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. TODD F.

    What a sweet way to get introduced to Momentum. My first trade based on your picks and it a 2X. Thank you! PAUL H.

    “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. :) ” NOEL

    “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.” CHRISTIAN

    “I made $420.00 on ANF in 2 days. Thanks for the trade and updates on getting out of the trade.” JOHN

    “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.” CHARLES M.

    “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.” BRYAN C.

    “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.” JOHN H.

    “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.” JEFFREY

    “I made over 6k on your Dendreon trade, and I’m very interested in learning how you pick and trade options. Sign me up.” ED

    “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.” GREG

    “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.” KEN

    “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.” GARETT

    “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.” TERENCE

    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.

    Hi Rick,

    Wow!! my account it up 70% since i joined last month and market is going the opposite direction. Really appreciate your service. I just wanted to drop a note to say THANK YOU. Hope to be with you guys for a very long time. Mel

    Rick,

    Great call on Fosl I bought the may 120 puts for 3.70 yesterday morning just sold for $32.00 today
    Keep up the great work
    Thank you, Henri

    Rick –

    I bought 10 Deckers Outdoor (DECK) May 55 puts at $0.50 on 4/26/12 and sold them on 4/27/12 for $1.65. I made $1150 in one day. Thanks. I knew something good would happen sooner or later.
    HOW THE HECK did you know Green Mountain Coffee (GMCR) was going to go down 20 points???!!!! I bought 10 of the May 35 puts at $0.49 and then 5 more at .30. I sold them at 5.80. Thank you again.
    You have made a believer out of me. Alan

    Rick –
    I have only been a member for about 6 weeks but I have done well on most of the trades. My first two were QQQ and SPY a month ago and since then I've gotten into the groove and been doing well.
    I try to execute the trades that you recommend as soon as you send them out, sometimes I can't and I miss the Entry price. However, sometimes when I miss the Entry, the price goes down and I get a better price.
    That's exactly what happened with GMCR.
    You recommended it at around $.81 I think, but by the time I got to it, the price was $.27. I bought 100 Puts on Wednesday May 2, 2012 and sold half of them 24 hours later at $5.95 for a nice 2,203% gain. As per your recommendation, as GMCR went above $30 I sold the remaining 50 Puts at $5.50 for a slightly less 2,037% gain.
    On average that one trade netted me a 2,120% gain, entirely based on YOUR recommendation (and a little bit of luck). To put this in real terms, I risked $2,700 on Wednesday and pocketed $54,550 just 24 hours later.
    So uhh, let's do that again real soon!!
    Feel free to use my name. The tax guys have me on speed-dial already anyway. Dennis

    Rick:
    That was awesome on your GMCR pick, I know how risky it can been holding into earnings but you pulled it off. 
    I just started my autotrading with you today and am in on your QQQ play. I look forward this service. 
    I have a busy career and I have tried to follow and trade throughout the day and found it too hard. I hope you continue to have a great year, I plan to go along for the ride. I am starting slow but will pile more in once I have secured some profits. 
    Keep up the good work your trading has been spot on. I am sure you paid your dues to get this point in your career. Anthony

    Rick:

    Great call on GMCR!  I have been trading for about 15 years actively.  This may be the best trade I ever made.  Got in on Monday, April 30 and the stock was up from when you recommended it.  It went up further after I got in.  Here are the facts:
    Monday, April 30th: Bought 15 June 37's at $1.25= $1900 approx
    Thursday, May 3rd: Sold 15 June 37's at $9.30=$13,950
    Gain for the week: $12,050.
    I understand you will not get them all right.  It’s important to ride those winners and as you could tell from my selling price, I sold when the stock went to $28.10, so left a little on the table.  Who can complain.
    Keep the suggestions coming, looking for another jump on your FSLR, one that I have been riding very hard.
    Best regards, Bob
      

Follow us on Twitter