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Posts Tagged ‘chicken option trades’

Wall Street, Apollo Education Group (APOL) has a Problem

Wednesday, January 8th, 2014

1:35pm (EST)

No matter how much you hate a stock or feel it is overvalued, overhyped, or that analysts just don’t get it – it is often best to sit on the sidelines as emotions can play a major role in the difference on a good trade or bad trade.

With the student loan debt surpassing $1 trillion, there will come a judgement day when company books will have to reset as more and more loans default.  Blame the zombies for the majority of these problems as they pay out unemployment benefits and encourage everyone to go to school.  Especially, online colleges that they help fund with taxpayers money.

Back to the main point.

Apollo Education Group (APOL, $30.52, up $3.59) is a stock we have hated for years but have respected because it is made of teflon.  We talked about the company’s story in our Weekly Wrap and here were our thoughts ahead of earnings (quotes from 1/3/2014):

Apollo Education Group (APOL, $27.03, up $0.14) is

January 25 puts (APOL140118P00025000, $0.70, down $0.05)

January 30 calls (APOL140118C00030000, $0.55, up $0.05)

Thoughts:  For those of you that have followed us over the years, you know we have always been bearish on Apollo Group as it is one of our favorite ways to play the $1 trillion in student debt loans.  We have covered the company’s “shady” history and we believe this is a low-teens to single-digit stock.  However, shares have been in a strong uptrend of late and that could continue depending on how the company spins its earnings report.  If we do take action, it will likely be a strangle option trade and where we would use both options to play a possible 10%-15% move on the news. (END)

Shares pushed $30 in after-hours trading last night and closed at $29.55.  They opened at $x this morning and have traded up to $29.93 and have trade to a high of $31.94.

The January 30 calls (APOL140118C00030000, $1.05, up $0.05) were at double-nickels (55 cents) and went out on Tuesday’s session at 57 cents.  They have trade to a high of $2 after opening at 86 cents.

The January 25 puts (APOL140118P00025000, $0.05, down $0.77) were at 70 cents Sunday night and went into yesterday’s close at 82 cents.  They opened at 10 cents this morning and traded to 40 cents before falling to a nickel.

A 10-contract trade for each call and put option is known as a strangle option trade.

Our gut instinct was right and going long the calls against our emotions would have paid off nicely.  The strangle trade would have made nearly 100% had the options been closed at the open and that is a sweet profit on less than 24 hours of work.

Still, to manage this trade would have been tricky but we liked the risk/ reward the options offered even though we hate the stock.

There will be a day we come back to Apollo Group as resistance is at $32 and in the past has been a brick wall.

As we head into the second half of trading, the market is mixed and the fireworks begin at 2pm as the Fed minutes will be released.

The Dow is down 63 points to 16,467 while the S&P 500 is higher by a fraction and is holding 1,838.  The Nasdaq is advancing 15 points to 4,168 while the Russell 2000 is lower by 2 points to 1,155.  The S&P 500 Volatility Index ($VIX, 13.09, up 0.17) is basically flat but could spike 5%-10% into the close.

Subscribers, check the Members Area for the updates.  We could have additional Profit Alerts and perhaps New Trades shortly after the Fed minutes are released so stay locked and loaded into the close.

Fossil (FOSL) Surges on Earnings Beat

Tuesday, May 10th, 2011

12:25pm (EST)

The bulls are trying to push their winning streak to 3-straight sessions as they have the lead heading into the second half of trading.  The market got some better-than-expected economic news and earnings have also been positive which has kept the bears at arm’s length.

After a slow start, the Dow is up 47 points to 12,731 while the S&P 500 is showing an advance of 6 points to 1,352 as the bulls look to close above this level today.  The Nasdaq is gaining 16 points and is at 2,859.

In earnings news, Fossil (FOSL, $105.72, up $11.72) is up 12% after smashing Wall Street’s estimates.  The company reported earnings of $55.8 million, or $0.86 a share, versus $35.9 million, or $0.53 a share, in the year ago period.  Revenue was up over 35% to $537 million.  Analysts were looking for earnings of $0.66 a share on revenue of $512 million.  Shares of Fossil are at all-time highs.

We highlighted Fossil’s earnings in our Weekly Wrap as one of the stocks that could move 10% this week.  Shares closed at $94 yesterday and a 10% move would have put the stock over $100, or under $85.  Bingo.  For traders that like to play earnings, the Fossil May 100 calls (FOSL110521C00100000, $7.00, up $5.50) were trading at $1.50 going into yesterday’s close and are up 365%. 

As a strangle option trade, you could have bought both the May 100 calls and the Fossil May 90 puts (FOSL110521P00090000, $0.10, down $2.10) for about $3.70 and still made money.  Although the puts will probably expire worthless, the trade would have made 90% overall.

Strangle trades are also known as “chicken trades” because you are unsure on what direction the stock might move.  However, if you feel shares of a company could move 10% on an earnings announcement then these types of trades can pay off if the premiums aren’t too high.  Of course, they won’t make as much as a directional trade but it gives you the luxury of being “wrong” on which way shares might move.

We show you step-by-step how to do these types of trades and how to play earnings in our option trading manual, How to Trade options on Momentum Stocks.  The trading manual has been a big hit with our subscribers and we added the Weekly Wrap to compliment the course.  We are working on our next video for trading course which should be ready in the next week or two.

We are going to show you how to play commodities with stocks and options that are directly tied to their movements.  In other words, if you think beef prices are going lower, we are going to show you which stock or ETF you could use to take advantage or a move down.  If you think silver is going back up, then we will show you how to play it.  To read more about our option trading course, click here.

We have a lot of new subscribers and we have been getting requests to run our special promotion which allows you to get this course and our ongoing monthly videos at no charge.  The course retails for $899 but we have been including it with all one-year subscriptions to our Daily newsletter or Weekly Wrap for free.  Folks, this is one of the best written courses on how to trade options and we show you step-by-step on how to find your own trades while you learn with us.

If you would like more information on how to take advantage of this special offer before our next video comes out, please email us.  Or, just sign up for a 1-year membership and we will ship your course (also at no charge) to you as soon as we get your order.

We have a lot to cover in our Members Area today so we have to leave it there.  Subscribers, check for the updates.  We will be back Wednesday morning with the latest and greatest.

E*Trade On The Block

Tuesday, January 19th, 2010

9:10am(EST)

Futures are mixed as we head towards the opening bell this morning.  Dow futures are lower by 20, S&P 500 futures are off by 2 while the Nasdaq futures are up 4 points.

There was plenty of action in E*Trade Financial (ETFC, $1.84, up $0.11) last Friday as over 60 million shares traded hands.  There was a report that the company is in “advanced” talks regarding a sale.

It’s hard to get excited about a company who once dominated the online brokerage industry and a share price at less than $2.  From 1998 through 1999 this was one of the highest of flying stocks as two-for-one splits were common and shares made new highs daily.

There has been a lot of speculation as to who might buy the troubled brokerage firm but E*Trade has brand awareness which should account for some kind of premium.  TD Ameritrade (AMTD, $18.32, up $0.10) and Charles Schwab (SCHW, $19.00, down $0.18) have been in the mix as possible acquirers of E*Trade but we really don’t see an option trade with this one.

Option volume was brisk and the stock already trades like one.  However, we are avoiding options on stocks that trade under $5.00 because of the risk.  That still didn’t stop traders from placing huge bets on the February 2 calls (EUSBF, $0.12, up $0.07) which opened at 4 cents and returned 200% by the closing bell.  Over 10,000 contracts traded.

The April 2 calls (EUSDF, $0.20, up $0.05) traded 3,000 contracts after opening at 14 cents.  Considering this has been an ongoing rumor for some time and the fact that it would be safer to buy the stock, these two call options could expire worthless if no bid comes.  Stay away…

We have updated the Members Area for our current trades and there a few trades we are watching this morning.  If we see something, we will send out an alert.

MomentumOptionsTrading.com Weekly Wrap for 1/18/10

Monday, January 18th, 2010

8:00pm (EST)

It was a tough Friday for the bulls as the market suffered its worst decline for 2010 despite some solid earnings reports.  

The Dow fell 100 points for the day, erasing all of its gains for the week to close at 10,609.  The index reached a high of 10,767 and came thisclose to hitting our target of 10,800 which we set in August 2009.  For the week, the Dow lost 9 points…

The Nasdaq fell 1.2%, or 29 points, to close at 2,288.  The index had already blown past our target of 2,275, and for the week, the Tech-heavy index fell 30 points after touching a high of 2,326.

The S&P 500 fell 12 points, or 1.1%, and settled at 1,136.  We had set a target of 1,175 in August and the index reached a high of 1,150 this past week. 

Folks, we mention all of this for a reason (not to toot the horn) because it defines some of our trading strategies.  We have done well for our subscribers with the bull market rally that started in March 2009 and at some point the market will correct.  It may be 5%, 10%, or even 20% but no one knows when that will be.  When that happens there will be a time to buy put options and we saw some things on Friday that has made us cautious but it will take more than a 100 point drop to get any real “fear” in the bulls.    

We knew coming into the week there was the possibility of the market heading higher and we where there heading into Friday.  The two companies that we were counting on to take us past our target levels were Intel (INTC, $20.80, down $0.68) and JPMorgan Chase (JPM, $43.68, down $1.01). 

Both companies reported incredible earnings…Intel posted its highest gross profit margins ever, at 65% and JPMorgan earned a $3.3 billion profit in its latest quarter.  The fact that these two market heavyweights blew past Wall Street’s numbers and we could not get a nice rally was very discouraging for the most part.

We still think there’s a chance of a decent pop over the next few weeks as the heart of earnings season will get underway starting on Tuesday but a lot will depend on this week’s action. 

Here is a look at the earnings calendar (quotes are from Friday’s close):

Tuesday:  (Before the bell)  Citigroup (C, $3.42, down $0.09), Fastenal (FAST, $45.86, down $0.44), Parker Hannifin (PH, $58.56, down $0.23), Precision Castparts (PCP, $113.75, down $1.59), TD Ameritrade Holding (AMTD, $18.32, up $0.10). 

(After the bell)  Cree (CREE, $54.01, down $3.84), CSX (CSX, $50.04, down $0.51), International Business Machines (IBM, $131.78, down $0.53), NuVasive (NUVA, $30.68, down $0.28), Tessco Technologies (TESS, $17.51, up $0.25).   

Wednesday:  (Before the bell)  Bank of America (BAC, $16.26, down $0.56), Brinker International (EAT, $15.18, down $0.27), Coach (COH, $36.79, down $0.71), Jefferies Group (JEF, $25.48, down $0.34), M&T Bank (MTB, $73.16, down $2.18), Manpower (MAN, $57.06, down $1.88), U.S. Bancorp (USB, $24.62, down $0.71), Wells Fargo (WFC, $28.08, down $0.91). 

(After the bell)  Dr Reddy’s Laboratories (RDY, $26.98, down $0.14), eBay (EBAY, $22.47, down $0.41), F5 Networks (FFIV, $51.39, down $0.75), Kinder Morgan Energy Partners (KMP, $63.45, down $0.38), Seagate Technology (STX, $17.77, down $0.57), Starbucks (SBUX, $23.27, down $0.28). 

Thursday:  (Before the bell)  Charles Schwab (SCHW, $19.00, down $0.18), Fairchild Semiconductor (FCS, $8.77, down $0.45), Freeport McMoRan Copper & Gold (FCX, $84.30, down $0.78), Goldman Sachs (GS, $165.21, down $3.32), Morgan Stanley (MS, $30.38, down $0.82), PNC Financial Services Group (PNC, $56.68, down $1.16), Southwest Airlines (LUV, $11.28, down $0.18), United HealthGroup (UNH, $33.75, up $0.43), Xerox (XRX, $8.84, down $0.05).

(After the bell)  Capital One Financial (COF, $41.13, down $0.54), Deckers Outdoor (DECK, $108.72, down $0.37), Google (GOOG, $580.00, down $9.85), Intuitive Surgical (ISRG, $308.58, up $0.58).

Friday:  BB&T (BBT, $27.76, down $0.76), Exelon (EXC, $48.60, down $48.60, down $0.48), General Electric (GE, $16.44, down $0.26), Harley-Davidson (HOG, $25.08, down $0.65), Johnson Controls (JCI, $29.31, down $0.53), Kimerbly-Clark (KMB, $62.22, down $0.80), McDonalds (MCD, $62.28, down $0.37), Schlumberger (SLB, $70.83, down $0.46).

As you can see, some of the bigger names will be eBay, IBM, General Electric, Goldman, Google and the Financial stocks.  It is hard to say how the financials will trade over the near-term as Obama is trying to get as much as $120 billion from them as a fee or tax.  

Economic news:  Building Permits, PPI, and Housing Starts on Wednesday and Crude Inventories; Thursday Wall Street gets numbers on Initial Claims, Leading Indicators, and the Philly Fed.

We will be back in the morning with the trade updates and a fresh outlook.  We have updated the 2010 portfolio in the Members Area and hope to have a short video that will be ready on Tuesday as well.

As we head to press, Dow futures are up 32, Nasdaq futures are higher by 10 while the S&P 500 futures are getting a 4 point bump.

Dow Down Triple-Digits

Friday, January 15th, 2010

1:15pm (EST)

The odds were not in the bulls favor today…

We didn’t expect much from the market and mentioned this morning that January expiration day has not been a good day to be long in recent years.  We said the Dow has traded lower on 9 of the last 11 and today’s 1.3% decline has proved history is repeating itself once again.

The Dow is currently down 143 points to 10,567 and has given back all of its gains for the week.  The S&P 500 is off by 15 to 1,133 while the Nasdaq is getting hit for 33 point loss and is trading at 2,283.

There have been some solid earnings reports and economic news hasn’t been all that bad today but the market is struggling with the swift words from President Obama.  It seems the government is ticked off at the huge bonuses that the Financials firms are paying out…We won’t open that can of worms but that seems to be the negativity weighing on the market today.

We have mentioned our targets for the indexes and from our camp it looks like the market is nearing a top which makes it harder to trade.  It’s possible we rally for a few more weeks but once we get to February we think there’s a chance of a 5%-10% pullback.

One stock that is holding up well today is A123 Systems (AONE, $20.80, up $0.40).  We were looking at another option trade yesterday but the stock gapped at the open and was at $22.65 shortly after the opening bell.  Shares trended lower afterwards and came back down to the $20 level.

This looks like good support and we may be look at another trade for next week.  The last time out we booked a 119% return…

We have updated the Members Area once again today and we will be back Sunday or Monday night with the Weekly Wrap.  The market is closed on Monday.  Also, we will be releasing a short video in the Members Area this weekend so look for an email when we post it.

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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.

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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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