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Bulls Make a Stand

Monday, April 14th, 2014

12:55pm (EST)

The bulls needed some positive news ahead of the market open this morning as futures were trading lower throughout the night.  The chart work we did from the weekend showed the bulls had some breathing room to work with if there was a lower open but we discussed the importance of the market finishing higher today.

Dow futures were below 16,000 but turned around following better-than-expected earnings from Citigroup (C, $47.62, up $1.94) and higher-than expected Retail Sales which climbed to 1.1% in March.

We talked about the Financial stocks stalling at resistance and it remains to be seen if support holds or if they bounce from here.  Citigroup’s numbers were a surprise to Wall Street as the company reported a profit of $1.30 a share on revenue of $20.1 billion versus expectations for $1.14 a share on revenue of $19.4 billion.

Citigroup shares are up nearly 4% on the beat as the short sellers are covering.  Shares were a little over a buck away from the 52-week low of $44.52 coming into the report with some traders expecting a miss.

The Citigroup April 47.50 calls (C140419C00047500, $0.55, up $0.23) would have been a nice lottery trade ahead of Friday’s close.  The options have doubled on the news and have traded as high as 70 cents.

There are a number of other earnings trades we have listed for the week and there are a few we like.  With our current trades showing strong gains, we can afford to be a little aggressive.

As we make the turn, the Dow is up 150 points to 16,177 while the S&P 500 is gaining 17 points to 1,832.  The Nasdaq is higher by 41 points to 4,041 and the Russell 2000 is advancing 11 points to 1,122.

Subscribers, check the Members Area for the updates and stay close to your email inboxes as we could have New Trades coming for both our Daily and Weekly Wrap ahead of the close.

Bulls Holding Gains but Resistance Still Looms

Thursday, February 9th, 2012

1:05pm (EST)

The bulls and bears have traded blows for much of the session as the market has had a bevy of headlines to deal with today.  The indexes have traded in a tight range once again and got off to good start after Initial Claims came in at 358,000 versus expectations for a print of 370,000.  Continuing Claims came in at 3.5 million which pretty much matched expectations.        

Shortly after the open, there was news out that Greece and the European Union have agreed to a level of budget cuts that will give the country another bailout.  This will help Greece with their debt payments next month but we doubt the drama is over as the country is expecting riots this weekend.

The lack of details though has caused the market to pull back from its highs but the bulls are holding court as we head into the second half of trading.

Elsewhere, Obama just announced the government has reached a $26 billion settlement over shady foreclosure practices with the five largest mortgage service providers.  Ally Financial, Bank of America (BAC, $8.23, up $0.10), Citigroup (C, $34.08, down $0.15), JPMorgan Chase (JPM, $38.00, down $0.30) and Wells Fargo (WFC, $30.43, down $0.23) are all trading slightly lower with the exception being BAC.

As we head to press, the Dow is up 27 points to 12,910 while the S&P 500 is higher by 3 points to 1,353.  The Nasdaq is showing a gain of 10 points and is at 2,926.

We currently have a Bank of America call option trade that we entered on Monday which is nearing a 50% return so let’s go lock-in some more profits!  Subscribers, check the Members Area for the details and we will be back in the morning with our next update.

Bulls Eye April Highs, Bears Banking on Greece

Monday, January 23rd, 2012

9:00am (EST)

Well, Europe didn’t flare up and 4Q earnings came in halfway decent for some, not so good for others.  These were the 2 catalysts that we said would move the market higher or lower last week and the results favored the bulls who were able to push another layer of resistance.

It was a shortened week for the market but the indexes moved higher on Tuesday following good news out of China but gave back half the gains after the Financial sector ended mixed.  Citigroup (C, $29.64, up $0.31) and Wells Fargo (WFC, $30.54, up $0.39) missed and beat Wall Street’s estimates after announcing earnings to start the week.

There was follow through on Wednesday as the major averages ended the session with 1% pops, on average.  eBay (EBAY, $31.93, up $0.42) posted better-than-expected results on the strength of their PayPal business which is going gang-busters globally.  

We were expecting a flat to down Thursday as we weren’t sure what kind of numbers the jobs market would post before the bell and a number of Tech’s heavy-hitters were reporting earnings after the close.  Thankfully, Initial Claims fell to their lowest level (351,000) in 4 years which put the bulls in a good mood and took some of the pressure off of Tech – which ended up leading the way higher.  Bank of America (BAC, $7.07, up $0.11) gave the Financial stocks a lift after beating expectations.   

Friday’s action was all about “old” Tech versus “new” Tech as Google (GOOG, $585.99, down $53.58), Intel (INTC, $26.38, up $0.75), International Business Machines (IBM, $188.52, up $0.08) and Microsoft (MSFT, $29.71, up $1.59) weighed-in with their numbers, which were good for the most part.  The ugly duckling was Google which dropped 8% after missing Wall Street’s estimates.  Intel, IBM and Microsoft accounted for 78 blue-chip points.  

As a result, the Dow gained 96 points, or 0.8%, to end at 12,720.  The blue-chips dipped to a low of 12,620 at the open but held new short-term support at 12,600 which was prior resistance.  We could not have called this much better as we said a break above 12,600 would lead to a test up to 12,750-12,800…(read more)

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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 one of the very few option newsletters which posted a powerful 2011 return.  In fact, we have NEVER had a losing year since forming in 2007.  We are off to a fast 14-1 start for 2012 and our subscribers have already closed 3 triple digit winning trades for gains of 124%, 100%, and 131% and another call option trade for 82%. 

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.  Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and went 16-0 for 2011 and is 8-0 so far in 2012 after the trades we closed on Friday.  Sign-up now and receive access instantly to our stock options trading recommendations!

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 to the right.  

 

S&P Trips 1,300

Tuesday, January 17th, 2012

12:50pm (EST)

The market continues its push higher as the major indexes are enjoying a 1% pop across the board.  “Good news” out of China has offset some of Europe’s drama which was hit with more downgrades this morning.  The Financial stocks are mixed after Citigroup (C, $28.72, down $2.02) and Wells Fargo (WFC, $30.17, up $0.56) missed and beat Wall Street’s estimates.

Elsewhere, Carnival Corp (CCL, $29.50, down $4.78) is down 14% after the weekend wreckage that left many people dead and missing.  The tragedy happened off the coast of Italy and there are reports the Captain veered off the ship’s navigation system and could face homicide charges.  This is not good news and it’s an unfortunate event that could impact a normally brisk season for the cruise ships.

This is a heavy week for 4Q earnings which kick into second gear.  We covered a list of stocks to watch this week in our video last night but we probably won’t be playing an earnings trade.  We did recommend a New Trade this morning but the company doesn’t announce results until March and we feel shares are at a tradable bottom.

Our portfolio is showing strong gains for 2012 in the first two weeks of January and we don’t see the need to take on the added risk.  We do, however, think earnings will move the market this week, especially on Thursday when a bevy of big-name companies will be stepping up to the podium.

We have 3 current trades that are up triple-digits and quite a few others that are up over 50% so let’s go see where we are at.

As we head to press, the Dow is up 103 points to 12,525 while the S&P is higher by 9 points to 1,298 after kissing 1,303.  The Nasdaq is showing a 26 point pop and is at 2,736.  Subscribers, check the Members Area for the updates.         

Citigroup (C) Reverses Course

Monday, May 9th, 2011

12:20pm (EST)

The market has gotten off to a slow start as both the bulls and bears feel each other out before mapping their next move.  Futures were pointing towards a higher open but were weakening as we headed towards the opening bell.  There is some rhetoric out of Europe concerning Greece as S&P downgraded their debt (again) amid concerns the country will need more bailout funds which has kept traders in check.

The Dow had traded in a tight range, hitting a high of 12,669 at the open while the low has been 12,620.  However, things are picking up as we head to press as the index is currently up 61 points to 12,700.  The S&P is up 7 points to 1,346.  The Nasdaq is showing a gain of 18 points to 2,845.

Citigroup (C, $44.02, down $1.18) completed it 1-for-10 reverse stock split this morning which is why you shares in the $40’s and not at $4+.  We aren’t big fans of reverse splits which are usually done by companies that are about to lose their listing on an exchange or to get investors’ confidence up.  When a company does a reverse stock split they are trying to maintain compliance but Citigroup is a little different because they really didn’t have to do the split.

Citigroup’s new share price will make it easier to short and for mutual fund managers to buy.  Most funds restrict managers from buying stocks under $5 so this won’t be a problem at today’s prices.  Speaking of reverse stock splits…

American International Group (AIG, $29.57, down $1.13) is at new 52-week lows today.  Imagine that.  We covered the company’s reverse stock split a few years ago which helped them keep their listing on the NYSE.  AIG’s shareholders approved a one-for-20 reverse stock split in 2009 and we did well shorting this name all the way down to $1 before the split.  In fact, some of our BEST option trades have been shorting AIG if you look at our Track Record over the years.

We have a lot to cover inside our Members Area including a trade adjustment.  On two of the three trades we able to get filled at our recommended prices but we are going to have to raise our entry price for our other recommendation.  Subscribers, check for the updates.

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    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
      

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