|
|
|
|
|
 |
|
|
 |
Friday, March 9th, 2012
12:55pm (EST)
Following a slow start, the market is pushing higher as the bulls zone in our “fluff” targets once again. Futures held steady going into this morning’s marquee event as the unemployment numbers took center stage. We weren’t too nervous because the trend has been higher so we were just hoping there was some improvement or things stayed flat.
Nonfarm payrolls totaled 227,000 versus estimates for 204,000 while Private payrolls came in at 233,000 versus a forecast for 220,000. The Unemployment Rate came in flat at 8.3% while Average Hourly Earnings were up 0.1%. Hip, hip, hooray!
We mentioned coming into March that the first two weeks are normally bullish while the back half of the month can be sketchy. Next Friday is “triple-witching” week which is when the March options expire. While we can expect heightened volatility, as the market has usually finished mixed over the past decade on this day so anything can happen.
We also talked about Friday/ Monday market closes in our Weekly Wrap so a positive close today and a break above our fluff targets would be bullish.
As we head to press, the Dow is up 40 points to 12,946 while the S&P 500 is advancing 8 points to 1,374. The Nasdaq is up a double-deuce (22 points) to 2,992.
We would like to see Dow 12,950; S&P 1,375; Nasdaq 3,000 when the closing bell sounds.
We will be back Sunday night with our Weekly Wrap and many of you have given us rave reviews since joining the publication. We have also received a lot of requests for our 3-month special that ended in February which was priced at a ridiculously low at $129.
With March options expiring next Friday we will likely get “called-away” from at least a half-dozen trades so it would be the perfect time to see how this process works for those of you who are new to covered calls.
The publication aims at providing solid monthly double-digit gains and one of our current trades could return as much as 40%! Vivus (VVUS, $21.00, down $0.25) has surged past our “strike price” as the March 15 calls (VVUS12031700015000, $8.00, down $0.25) we sold will likely get exercised.
We constantly remind our readers 5 winning trades of 20% or more will double your money and the newsletter is 28-0 since inception. We could be 34-0 by next Friday.
If you would like one last chance to join this publication, please use this coupon code
A0FB422004
(copy and paste it, please) and go to the subscription page and click on the 3-month Weekly Wrap tab. Use the code, set up your Members Area password, and you will be in like Flynn.
All of our trades have beautiful charts to show you exactly what to expect and we update the portfolios with Trade Alerts just like we do with the Daily newsletter. At less than $45 a month, we are practically giving away this publication away but we really want to show new traders how to safely build a portfolio which will allow you the risk to speculate with buying options for even bigger gains with our Daily publication. One trade will likely pay for your membership.
We do have a NEW TRADE today as we roll over some profits so we have to go as we want to get our subscribers in this name before the good news comes out on Monday.
We also have a few last minute updates for our current trades, including more profits to take in one trade that is up 175%! Subscribers, check the Members Area for the updates.
We will be back Sunday night with our next edition of the Weekly Wrap so be there or be square. Until then, have a great weekend everyone!
Tags: Covered Calls, Vivus drug approval, VVUS
Posted in Market Analysis, Market Commentary | Comments Off
Friday, March 2nd, 2012
1:35pm (EST)
The bulls are trying to hold on to their slim gains for the week and if things were to end now, the market would finish mixed for the week. Futures were weak for much of last night and into this morning which led to a slightly lower open. Economic news has been quiet today and with earnings winding down, Wall Street appears ready to get the week over with.
We are holding out some hope the Dow can clear 13,000 by the close, although it’s just a number, while the Nasdaq can make one last push past 3,000. This will require a late day pop, of course, and we went over the numbers this morning on where the bears need to be to win the week.
In IPO news (Initial Public Offering), Yelp (YELP, $24.40, up $9.40) made its debut this morning on the New York Stock Exchange (NYSE) and is up over 60%. Shares were priced at $12-$14 but were bumped to $15 on strong demand. Yelp expects to make $100 million or so after offering over 7 million shares to the public. The 8-year old company has yet to make a profit so we would steer clear of this one as an “investment” but we are looking forward to trading the options when they do list in a few weeks.
We have gotten some nice pin action this week on a few more of our current call option trades as we continue to ride the market’s wave higher. As we mentioned earlier this week, there were a few more well-know Wall Street pros who said the market is due for a pullback and suggesting shorting it. Of course, they have joined the legions of other money managers who have called for a pullback since January and at some point they will be right. Many of them have missed the rally over the past few months and are itching to get in. While they waited for a pullback, we have opened over 50 trades and the last of them will be winding down over the next few weeks.
The powerful gains we have made has given us a nice start to the year which could end up being very, very profitable for our subscribers. Please make sure you take the time this weekend to look at our 2012 Closed Trade portfolio which is 29-3 to start the year and is up over 200% on a $10,000 account, or $20,000 in profits.
We normally don’t trade this many positions but the trend from December has been so powerful that we had no choice. As far as where the market could be headed in March, we think there will be a continued rally and we will talk more about why this weekend in our Weekly Wrap but we are also cautious.
For now, let’s enjoy the rest of the trading day and see how the week closes. We have locked-in some incredible profits this week which is allowing us to keep some of our other trades open through the weekend.
As far as the market, the Dow is down 31 points to 12,949 while the S&P 500 is showing a decline of 5 points to 1,369. The Nasdaq is lower by 11 points to 2,977.
We will be back Sunday night with our Weekly Wrap and make sure you sign-up for this exciting publication if you haven’t done so already which is 26-0 since inception, 12-0 this year.
This gives us an overall record of 41-3 to start 2012 and we don’t count “half” and “quarter” positions 2 or 3 times like some other option services do. We also don’t tell you do “double-up” on a losing position to average a trade down then record it as one losing trade.
These are some of the tricks our competitors use for those who do have a “track record”. How do we know? Our subscribers tell us.
We offer auto-trading services for the busy professionals and real-time updates twice a day on all of our option recommendations. We also issue Trade Alerts as needed throughout the day so that you will always know when to take profits.
Subscribers, please check the Members Area for the last minute updates and until next time, have a great weekend everyone!
Tags: Covered Calls, NYSE, YELP, Yelp IPO
Posted in IPOs, Market Analysis, Option Trades | Comments Off
Thursday, March 1st, 2012
12:55pm (EST)
The bulls are working on recovering Wednesday’s losses and got off to a great start this morning. Once again, better-than-expected economic news played a role in the pop at the open but a couple reports came in worse-than-anticipated which cut the gains in half.
The good news is the jobs market continues to “improve” as Initial Claims fell to 351,000 versus expectations for 355,000. Continuing Claims came in at 3.4 million which was just below a forecast for 3.41million. Personal Income for January was up 0.3% versus expectations for an increase of 0.5%. Personal Spending was up 0.2% which was slightly below the expected increase of 0.4%.
Elsewhere, Construction Spending fell 0.1% in January which was a surprise as the suit-and-ties were looking for an increase of 1.0%. The one that hurt the bulls was the ISM Manufacturing Index which came in at 52.4, which was below Wall Street’s forecast for a print of 54.5. Still, anything over 50 is a positive so things weren’t all that bad.
Bernanke is speaking today but he hasn’t spooked the market like he did yesterday.
The push higher is a good sign and some of it can be attributed to fund managers putting money to work. Yesterday’s pullback scared a lot of pros out of the market as many of them took their 15 minutes of fame and said the market pulls back.
We have seen dozens and dozens of these knuckleheads come on the tube across the various business channels since January and all of them have been wrong. Sure, at some point we will get a pullback but nobody can time it perfect. We are on the other side of the fence and have our fingers crossed for one last blow-off the roof type rally as the market’s gains for the year have come slow-and-steady.
One sweet 2% pop higher would be beautiful before St. Patty’s day but we are taking profits as they come as we position for the market’s next move.
We have more good news for another one of our current call option trades which is up over 90% in just 2 weeks. We are going to take some profits in this trade as well today and we have a NEW TRADE we are releasing right now so let’s go see if we can get filled!
As we head to press, the Dow is up 49 points to 13,001 while the S&P 500 is advancing 9 points to 1,375. The Nasdaq is higher by 24 points to 2,991. Subscribers, check the Members Area for the updates.
Tags: Covered Calls, Dow, ISM, S&P 500 quotes
Posted in Economic News, Market Commentary, Strategies, Trade Update | Comments Off
Thursday, March 1st, 2012
9:00am (EST)
Volatility returned yesterday as the market gyrated from positive gains, to negative, back to positive, before finishing the day lower. It was a frustrating day to say the least but the bulls have once again made us look golden as they finally reached our “fluff” targets on Wednesday but the bears reminded us that they are getting hungry.
The Dow fell 53 points, or 0.4%, to finish at 12,952. The blue-chips reached a peak of 13,055 while the low checked-in at 12,929. Support at 12,900 is trying to stick and there is back up at the 12,800 level if the index struggles today. Of course, so much attention has been paid to clearing 13,000 by the talking heads we were hoping to put the number in the rear-view mirror so they would shut the front door (!) but we will have to wait.
The S&P 500 slipped nearly 7 points, or 0.5%, to settle at 1,365. The index kissed a high of 1,378 before folding like a cheap lawn chair as the low came in at 1,363. Still, it was important to us that we see 1,375 trigger because it sets up a possible run to 1,400-1,425.
The Nasdaq dropped 20 points, or 0.7%, to end at 2,967. Tech was able to meet-and-greet the 3,000 level shortly after the open but didn’t stay long after leaving with a simple handshake. The exact high was 3,000.11 while the low came in at 2,961.
For our new subscribers, we have been on point with calling the market’s move to resistance and we were probably the only bullish newsletter at the time back in November that said the Dow would move 1,000 points by the end of January. At the time the index was at 11,800. By Thanksgiving, everybody and their brother on Wall Street was calling for a correction. They still are.
We gave “fluff” targets of Dow 13,000-13,200; S&P 1,375-1,400; and Nasdaq 3,000-3,250 at the beginning of the year if the indexes cleared 12,800; 1,300, and 2,800, respectively. We were hoping to reach these fluff targets in early February then fade, but the 4-week trading range stalled the momentum.
As bullish as we have been, we aren’t sure if the market will reach our upper-end fluff targets because March can be a rocky month for stocks. The good news is that the first half is normally bullish and we said in our Weekly Wrap on Sunday we would like to see a continued rally until St. Patty’s day which is when the March options expire.
By then, we should be out of most of our current trades and we can then buy put options in case there is a pullback. Or, we can look at longer-term call options which might get cheaper on some stocks we feel are going to be strong in 2012. Or, we can take a wait-and-see approach.
Also, we have up to 10 trades for our Weekly Wrap that could get called away. Some of those trades are showing strong gains of up to 40%. The beauty of these trades is if they don’t get called away, we will have the opportunity to write another call option or we can close the position.
The suit-and-ties have been pounding the table on “dividend stocks” for months but what they fail to realize is that by selling call options against a position, it is basically the same thing. The key is finding stable stocks or ones stuck in trading ranges and ones that have premium option prices. We also find some stocks we like that pay a dividend which is another bonus. This takes a little homework but the Weekly Wrap newsletter is designed to take away some of the stress of trading the Daily newsletter. In fact, we have not lost one minute’s sleep worrying how these trades will perform as we continue to hit double-double profits on a monthly basis.
If you can remember how last year went, 2011 was a hard year to trade the market until we got the breakout in September. The Weekly Wrap trades helped offset some of the choppiness and volatility that markets go through. We have achieved a 46% gain on a $10,000 portfolio which isn’t too shabby for 14 months of work.
If you still haven’t signed up, remember, yesterday was the last day to take advantage of our special offer to get a 3-month deal for the price of a 1-month membership. There was already an extra day tacked onto February because of it being a LEAP year but we have gotten a few requests this morning from some Johnny-come-lately’s.
So here’s the deal. We will keep the promo running until midnight and then it is pumpkin time. The 3-month code to get a Weekly Wrap 3-month membership for $129 is A0FB422004. Please copy and paste it and be sure to click the right membership with your order.
The Weekly Wrap is 28-0 and we have made some impressive calls (pun intended). We traded Vivus (VVUS, $22.50, up $1.24) 4 times and made gains of 18%, 17%, 14%, and 17% in 2011 and January by writing covered calls. We will make nearly 50% on our current Vivus trade if shares hold above $15 by mid-March. Our total return will be over 100% if you add all of the gains together. TiVo (TIVO, $11.25, up $0.14) made us 34%, Seattle Genetics (SGEN, $18,46, down $0.09) was good for 26%, MGM Resorts (MGM, $13.77, down $0.26) banked 22%, and Darling (DAR, $15.99, down $0.37) booked us 20% gains.
The clock is ticking and we doubt we offer this newsletter at this low of an introductory price ever again so jump on the bus, Gus! Before it’s too late.
Futures are showing a nice open as the Dow futures are up 33 points to 12,970 while the S&P 500 futures are higher by 4 points to 1,368. Nasdaq futures are showing a 11 point pop and are at 2,634. Subscribers, check the Members Area for the updates.
Tags: Covered Calls, portfolio management
Posted in Covered Calls, Earnings, Market Analysis, Market Commentary | Comments Off
Sunday, February 26th, 2012
11:00pm (EST)
1. Market Summary
2. Bebe Stores (BEBE) – A Sleeper in Retail
3. Earnings
4. Weekly Wrap Portfolio Update
5. Week Ahead
(To view the charts, please log into the Members Area and go to the Weekly Wrap Premium section)
= = = = = = = = = = = = = = =
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 great 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 27-3 over the first 2 months of the year. Our list of winners include 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!
Our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis and is 12-0 for 2012. We were 16-0 in 2011. Even better, we could add another 10 winners in March which would bring our Track Record to 38-0! Some of our winners include 27% on CLNE, 17% on VVUS, 19% on MGM, 18% on DNDN, and 20% on DAR. Remember, if youcan make 20% on just 5 trades, you will double your money.
So what are you waiting for? Sign-up now and receive access instantly to our stock options trading recommendations!
Tags: Covered Calls, stock options trading, stock options trading advisors
Posted in Covered Calls, Market Analysis | Comments Off
|
|
|  | | | |
Get RSS Feed
Bulls Back in Driver’s Seat
Friday, March 9th, 2012
12:55pm (EST)
Following a slow start, the market is pushing higher as the bulls zone in our “fluff” targets once again. Futures held steady going into this morning’s marquee event as the unemployment numbers took center stage. We weren’t too nervous because the trend has been higher so we were just hoping there was some improvement or things stayed flat.
Nonfarm payrolls totaled 227,000 versus estimates for 204,000 while Private payrolls came in at 233,000 versus a forecast for 220,000. The Unemployment Rate came in flat at 8.3% while Average Hourly Earnings were up 0.1%. Hip, hip, hooray!
We mentioned coming into March that the first two weeks are normally bullish while the back half of the month can be sketchy. Next Friday is “triple-witching” week which is when the March options expire. While we can expect heightened volatility, as the market has usually finished mixed over the past decade on this day so anything can happen.
We also talked about Friday/ Monday market closes in our Weekly Wrap so a positive close today and a break above our fluff targets would be bullish.
As we head to press, the Dow is up 40 points to 12,946 while the S&P 500 is advancing 8 points to 1,374. The Nasdaq is up a double-deuce (22 points) to 2,992.
We would like to see Dow 12,950; S&P 1,375; Nasdaq 3,000 when the closing bell sounds.
We will be back Sunday night with our Weekly Wrap and many of you have given us rave reviews since joining the publication. We have also received a lot of requests for our 3-month special that ended in February which was priced at a ridiculously low at $129.
With March options expiring next Friday we will likely get “called-away” from at least a half-dozen trades so it would be the perfect time to see how this process works for those of you who are new to covered calls.
The publication aims at providing solid monthly double-digit gains and one of our current trades could return as much as 40%! Vivus (VVUS, $21.00, down $0.25) has surged past our “strike price” as the March 15 calls (VVUS12031700015000, $8.00, down $0.25) we sold will likely get exercised.
We constantly remind our readers 5 winning trades of 20% or more will double your money and the newsletter is 28-0 since inception. We could be 34-0 by next Friday.
If you would like one last chance to join this publication, please use this coupon code
A0FB422004
(copy and paste it, please) and go to the subscription page and click on the 3-month Weekly Wrap tab. Use the code, set up your Members Area password, and you will be in like Flynn.
All of our trades have beautiful charts to show you exactly what to expect and we update the portfolios with Trade Alerts just like we do with the Daily newsletter. At less than $45 a month, we are practically giving away this publication away but we really want to show new traders how to safely build a portfolio which will allow you the risk to speculate with buying options for even bigger gains with our Daily publication. One trade will likely pay for your membership.
We do have a NEW TRADE today as we roll over some profits so we have to go as we want to get our subscribers in this name before the good news comes out on Monday.
We also have a few last minute updates for our current trades, including more profits to take in one trade that is up 175%! Subscribers, check the Members Area for the updates.
We will be back Sunday night with our next edition of the Weekly Wrap so be there or be square. Until then, have a great weekend everyone!
Tags: Covered Calls, Vivus drug approval, VVUS
Posted in Market Analysis, Market Commentary | Comments Off