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Wednesday, May 9th, 2012
9:00am (EST)
The bears were able to push the second wave of support on Tuesday but the bulls battled back in the second half of trading to recover half of the losses on the lows.
The Dow fell 76 points, 0.6%, to close at 12,932. The blue-chips traded down to 12,810 (- 198 points) shortly before Wall Street’s lunch break and we had a sneaky feeling support at 12,800 would stick. Sure enough, it did. If the bears can get a close below this level, we said there could be risk down to 12,600-12,500 this week but the bulls will pull for a close above 13,000 today.
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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 84-18 and we doubt you will find a hotter newsletter. Our subscribers have closed 22-straight winning trades and last week we recently scored big on our Green Mountain Coffee Roasters put option trade which racked up a 576% return!
Our list of winners also include +180% on DECK, +475% on AXP, +292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125% on MSFT just to name a few. In other words, these solid gains could have turned your $10,000 trading account into nearly $60,000 for a 493% return using our recommendations. Wow! Our auto-trading partners verify our results so if you are a busy professional and work during market hours, they can do the trading for your account!
Tags: call options, option trading newsletters, options trading, Stock Market Weekly Wrap, stock options trading advisors Posted in Covered Calls, Market Analysis, Market Commentary | Comments Off
Wednesday, April 4th, 2012
11:45am (EST)
It’s time to ring the register on our 60th winning trade of the year. We have started buying put options as we have been preparing for a market pullback and today’s winning trade will bring our 2012 Track Record to 60-13.
Schnitzer Steel Industries (SCHN, $38.27, down $0.90) will announce earnings on Thursday before the bell. While we expect the company to report a terrible quarter, we are going to lock in our 73% profits in just 2 days ahead of the event.
Subscribers, check the Members Area for the update.
Tags: call options, SCHN, Schnitzer Steel Industries Posted in Hot Stocks, Trade Update | Comments Off
Friday, March 30th, 2012
1:10pm (EST)
The bulls are on track to finish the first quarter and the start of the year with their highest gains in nearly 15 years. Although economic news has come in lighter-than-expected today, the bulls are making another push at resistance as we head into the weekend. The bears made a nice recovery off the Bernanke Bounce on Monday but the indexes are on track to finish the week higher despite the bears 3-day win streak which could be ending today.
As far as economic news, Personal Spending jumped 0.8% in February versus expectations for an increase of 0.7% while Personal Income rose 0.2% versus a forecast for 0.4%. The Chicago ISM slipped 1.8 points to 62.2 in March after rising nearly 4 points to 64 in February. And finally, the University of Michigan Consumer Confidence report showed a reading of 76.2, beating the suit-and-ties forecast for a print of 74.5.
The Dow is up 51 points to 13,197 while the S&P 500 is higher by 5 points to 1,408. The Nasdaq has danced on both sides of the ledger but is currently positive by 2 points to 3,097. If current levels hold, we should rally into next week.
We were able to close 4 more winning trades this week but we also took 2 lumps on trying to short the market. We played some WEEKLY options that probably aren’t going to rebound as our aggressiveness didn’t quite pan out. Our overall 2012 Track Record is now 59-13 which is an 82% winning percentage but we still hate losing trades. We probably should have played the April or May options to give the trades more time but we didn’t and we blew it.
We have had an incredible quarter to say the least as we have been able to turn a $10,000 trading account into $40,000 in just 3 months. In other words, while some of the Wall Street pros might be lucky enough to show their clients a double-digit gain for the first quarter – we made our subscribers 300%! You can request our 2012 Track Record by emailing us if you are not a member to see all of our closed trades for the year.
We are expecting another exciting quarter which kicks-off next week as we have a number of trades that are starting to set up nicely for us. There is still a chance we play some more call options but we are also watching a number of short ideas. Our biggest trade of the quarter was this week’s call option win in American Express (AXP, $58.05, up $0.16) which we closed for a 475% gain. We are looking at some longer-term put options that could make just as much if the market pulls back in May and June which we expect it will.
We have some last minute thoughts on our current trades and we will be back Sunday night with the Weekly Wrap. Until then, have a great weekend everyone!
Tags: AXP, best options newsletter, call options, Chicago ISM, options track record Posted in Economic News, Hot Stocks, Market Commentary, Strategies | Comments Off
Sunday, March 25th, 2012
10:30pm (EST)
1. Market Summary
2. Limelight Networks (LLNW) – Worth a Second Look
3. Heckmann (HEK) – Fracking Business is Going to be Big!
4. Earnings
5. Weekly Wrap Portfolio Update
6. Week Ahead
(To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section)
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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 powerful 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 which is 38-11 over the first 3 months of the year (75% wins). Our Weekly Wrap 2012 Covered Call portfolio is 17-0 which gives an an overall Track Record of 55-11, for an incredible 86% winning percentage. You will not find a hotter newsletter right now and we plan to stay that way all year long.
Last week we closed out a two more triple-digit winning trades as our Capital One (COF, $55.74, up $1.32) call options returned our subscribers 292% while our Clean Energy Fuels (CLNE, $22.85, down $0.45) call options made us 110%. We also have a unique situation with one of our Covered Call trades which is up a whopping 75% in just 2 months. And who says you can’t make powerful returns with covered calls? Although our gains will be capped at 117% if shares move above our strike price, we can still play the momentum in our Daily with a directional trade. If shares move from current levels ($2.41) to $7, we could have a 500% winner on our hands. We will be profiling this directional call option trade in our Daily publication on Monday morning.
Tags: call options, CLNE, COF call options, stock options trading advisors Posted in Hot Stocks, Trade Update | Comments Off
Tuesday, March 20th, 2012
9:00am (EST)
The bulls got off to a good start for the week following Friday’s flat action and put up some good numbers yesterday. Much of the advance was thanks in part to Apple’s (AAPL, $601.10, up $15.53) dividend announcement but the Financial stocks did well again and continue to set new 52-week highs.
The Dow gained 6 points to end at 13,239 after trading to a high of 13,269 and testing a low of 13,208. The S&P 500 also added a half-dozen points to close at 1,410 after kissing a high of 1,414. The index traded down to 1,402 at the open but held 1,400. The Nasdaq was strong from start to finish as Tech jumped 23 points, or 0.75%, to settle at 3,078. Side Note: The Russell 2000 added over 7 points to finish at 837.77 but more importantly, the index finally broke above resistance which we talked about in our Weekly Wrap and yesterday morning.
American Express (AXP, $57.27, up $0.72) added another 1% and reached a fresh 52-week high of $57.50 on Monday. We said last week shares were headed to $60 when we recommended a call option trade to our subscribers. It is now up 438% in under a week.
Capital One (COF, $55.10, up $0.60) came within spitting distance of breaking its 52-week high of $56.26 set last May after closing at double-nickels and peaking at $56.19. We also have a near-term target of $60 for shares and subscribers are now up over 300% on our Capital One call option trade since last Tuesday.
Bank of America (BAC, $9.53, down $0.27) broke double-digits but didn’t set a new 52-week high. Shares did, however, trade to a high of $10.10 before the talking heads ruined it as they finished the session down 3%. The 52-week high is at $14.05 for BAC but we have been recommending the stock since it was at $5 back in December for our Weekly Wrap.
We were watching Apple’s WEEKLY options yesterday and we wanted to pull the trigger on the March 600 calls (AAPL120323C00600000, $10.75, up $2.60) but they opened at $12.20 and we were looking to send out a Trade Alert to buy them for under $10. The calls traded to a high of $14.40 but the premiums at the open were already built-in after the dividend announcement.
The calls did trade down to $6.95 but we didn’t want to get whipsawed because shares are in uncharted blue-sky territory. It is still an expensive trade and one we don’t often do but we are looking at ways to play Apple because they aren’t splitting the stock anytime soon. However, we won’t be trading 10 or 20 contracts because we would be risking a half or third of the profits we have already banked for the year. A 10 contract trade on an option priced at $10 will set you back $10,000 and 1 contract would cost $1,000.
This is another reason why we don’t typically trade options on stocks over $100 because it is so much easier to take smaller risks than to try and day trade Apple. We would rather buy 30 or 40 contracts on a 40 or 60 cent option or 10 or 20 contracts on options under $2.
Sure, if Apple goes to $650 by Friday, those March 600 Weekly call options will be worth $50 for nearly a 400% gain but if shares retreat and fall back below $600 and you aren’t out of the position, you will lose 100% of your investment. It is also easier to make 400% on a 40 cent option on a stock that moves from $53 to $57 which is what we have done with our American Express (AXP, $57.27, up $0.72) call option trade in just under a week.
This should help answer any questions on why we don’t trade Apple but we have been giving you powerful hints for those of you that want to play at the high-limit tables.
As we head to press, futures are showing a lower open and look like this: Dow (-63); S&P 500 (-8), Nasdaq 100 (-12).
Subscribers, check the Members Area for the updates as we have moved up the Hard Stops to lock-in gains on these two massive trades.
Tags: AAPL, Apple Weekly options, AXP, call options, COF Posted in Apple, Financial Stocks, Market Analysis, Market Commentary | Comments Off
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Bulls Hold Support, For Now
Wednesday, May 9th, 2012
9:00am (EST)
The bears were able to push the second wave of support on Tuesday but the bulls battled back in the second half of trading to recover half of the losses on the lows.
The Dow fell 76 points, 0.6%, to close at 12,932. The blue-chips traded down to 12,810 (- 198 points) shortly before Wall Street’s lunch break and we had a sneaky feeling support at 12,800 would stick. Sure enough, it did. If the bears can get a close below this level, we said there could be risk down to 12,600-12,500 this week but the bulls will pull for a close above 13,000 today.
**************************
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 84-18 and we doubt you will find a hotter newsletter. Our subscribers have closed 22-straight winning trades and last week we recently scored big on our Green Mountain Coffee Roasters put option trade which racked up a 576% return!
Our list of winners also include +180% on DECK, +475% on AXP, +292% on COF, +171% on FSLR, +131% and +114% on 2 MGM trades, +200% on SGMS, +107% on AFL, +100% on STX, +82% on TSM and +125% on MSFT just to name a few. In other words, these solid gains could have turned your $10,000 trading account into nearly $60,000 for a 493% return using our recommendations. Wow! Our auto-trading partners verify our results so if you are a busy professional and work during market hours, they can do the trading for your account!
Tags: call options, option trading newsletters, options trading, Stock Market Weekly Wrap, stock options trading advisors
Posted in Covered Calls, Market Analysis, Market Commentary | Comments Off