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Posts Tagged ‘dndn’

Bears Hold Weekly Edge

Friday, January 27th, 2012

1:15pm (EST)

We said no Greece deal would weigh on the market this week and perhaps keep the reins on the bulls.  If the closing bell sounded right now, the week would end mixed with Tech showing the only positive finish.  

The Dow came into the week at 12,720 and is at 12,646, down 88 points.

The S&P 500 started Monday at 1,315 and is currently down  5 points to 1,313.

The Nasdaq began the week at 2,786 and is at 2,808, up 3 points. 

Over a quarter of the S&P 500 companies have announced earnings this week and next week  marks the height of the season before we start tapering off.  Some of the companies we will be watching like a hawk next week include Aflac (AFL, $48.70, down $0.08), Amazon.Com (AMZN, $195.20, up $1.88), Broadcom (BRCM, $35.20, down $0.09) and United Parcel Service (UPS, $75.98, up $0.14) on Tuesday.

Wednesday, Chipotle Mexican Grill (CMG, $364.80, down $1.01), Electronic Arts (EA, $17.91, up $0.25), Green Mountain Coffee Roasters (GMCR, $52.61, up $3.27), Hershey (HSY, $61.37, down $0.16), Las Vegas Sands (LVS, $49.22, up $0.25) and Qualcomm (QCOM, $57.62, down $0.20) will announce their quarterly results.

Thursday and Friday will also feature some companies of interest and these are some of the main stocks we actively follow just to name a dozen or so.

We continue to chuckle when we hear that stock picking is a lost art, which we have heard for the last 3 months.  We must be doing something good to hit 17-out-of-18 wininng trades to start the year for our Daily and to go 23-0 over the last 13 months for our Weekly Wrap covered call trade Portfilios.

We have some last minute updates to the 2 new trades we added this morning as we have added our exit targets.  Let’s go see where we are at inside the Members Area

January has been incredibly good to us and we will cover the charts for the indexes and our current trades on Sunday night in our Weekly Wrap and Monday morning for the Daily.  We have a busy weekend of homework but it isn’t “work” because we have been banking profits all month long.  Until then, have a great weekend everyone!

Bulls Hold Support, Dendreon (DNDN) Active

Tuesday, January 24th, 2012

1:00pm (EST)

Futures were weak throughout the night following a collapse in the Greece debt talks and got progressively worse as the European markets opened for trading.  The weak open overseas translated into a lower start here at home as the bears try to stop the bulls recent momentum.

The European Union rejected Greece’s bondholders swap for a 4% interest rate on newer bonds in exchange for the current tab which puts the country at risk for a default, again.  We have seen this circus before and Greece is only part of the problem as Portugal and Italy are next in-line.

Despite the worries, the market has bounced off its lows after holding short-term support which was prior resistance.

In earnings news, Coach (COH, $68.65, up $4.41) is trading higher after beating Wall Street’s estimates by 3 cents a share.  It was the fifth-straight quarter Coach has beat estimates on average by 3 cents and we were looking for an earnings miss.

We talked about the company’s impressive numbers yesterday for 2011 and how they had come in ahead of the suit-and-ties for the last 4 quarters but we were convinced they would come up short, or lower guidance, and we were wrong. 

The other earnings trade we wanted to take was EMC (EMC, $24.81, up $1.37) but we didn’t like yesterday’s action in the market and decided to stay on the sidelines.  We have looked at the stock as a covered call trade and yesterday we peaked at the February 25 calls (EMC120218C00025000, $0.46, up $0.23), which are up 100%, but didn’t like the idea of having 2 all-or-nothing trades.

We are 13-1 for closed trades for 2012 and we have locked in half profits on a number of other trades so we haven’t taken any new trades this week.  We see a number of new option trades we like, but if we learned anything in 2010 and the first half of 2011, it is choppy markets are hard to trade and its best sometimes to wait until we get a clearer picture.

We said Sunday night in our Weekly Wrap that Greece could weigh on the market all week and how the talking heads and pros were saying this was a done deal by Monday.  No agreement has been reached, yet, and here it is Tuesday. 

The Fed will also take center stage on Wednesday as it prepares to release the latest minutes along with the Rate Decision during Wall Street’s lunch break.  There has been talk of more easing, or starting up the money printing press again, but with tax refunds starting to come out, we think the Fed stands pat.  Tomorrow will also be a big day for Housing numbers. 

The big news after the bell will be Apple (AAPL, $424.12, down $3.29) which will be reporting their quarterly results.  The bulls have done of a great job of brushing-off Europe’s woes once again but this week is packed with earnings as 25% of the S&P companies will be confessing.  This will be the most important one.

It’s still possible the bulls can push the July and April highs on an Apple beat-and-raise but we are in a win-win situation, either way, as we have continued to play the ride up while locking in profits along the way.  At some point we are expecting a pullback but our Hard Stops will lock in our profits.  We also have longer dated call options that should be okay, but, if the market does take a dip we will be ready to play the pullback.    

As we head to press, the Dow is down 45 points to 12,663 after kissing a low of 12,613 while the S&P 500 is lower by 4 points to 1,312 after kissing 1,306.  The Nasdaq is trying to rally the troops as it is showing a gain of 2 points to 2,786.

Our Aflac (AFL, $48.40, up $0.35) call option trade has just hit a 100% return so today hasn’t been too bad despite the Coach snafu.  Dendreon (DNDN, $14.11, up $0.90) is on the move again and we are just watching the action.  Subscribers, check the Members Area for the updates.

Bulls Looking For Third-Straight Weekly Win

Friday, January 20th, 2012

1:10pm (EST)

Everybody’s working for the weekend…

The market is mixed as we head into the second half of trading but it’s been a good day of triple-digit profit taking and we have more to come after the close when the January options officially expire. 

For our Weekly Wrap subscribers, it means we could be looking at a bevy of double-digit gains as many of the stocks we told you to load up on in November and December should get called away as they are trading above our option strike price.

We have 10 winning trades that could get “called-away” today on the stocks we cover in our Weekly Wrap.  The gains range from 18% on Dendreon (DNDN, $13.49, down $0.27), 27% on Clean Energy Fuels (CLNE, $13.96, up $0.13), 8% on Ford (F, $12.55, down $0.06), 19% on MGM Resorts (MGM, $12.69, down $0.12) and 17% on Vivus (VVUS, $12.13, down $0.23) just to name a few. 

We have been money in picking consistent winners which has allowed us to go 16-0 in 2011 and possibly 10-0 to start 2012. 

As far as yesterday’s Google (GOOG, $587.39, down $52.18) strangle option trade, here is what we said yesterday:

“A 10% move in Google would equate to a 63-point move in the stock and we could see that on an earnings miss to the downside.  However, the upside may not be quite as huge if it is not a blowout quarter and could only be 5% or less which is still $30 but is it enough to create a possible strangle option trade?

The Google January 700 calls (GOOG120121C00700000, $1.10, down $0.20) and the January 575 puts (GOOG120121P00575000, $0.70, down $0.90) would cost $2 together and are a possibility but the stock would need to be at $702 or $573 for us to break even.  At $704, or $571, the trade would double but again, the options expire tomorrow.

This is NOT an official option trade recommendation but we wanted to show you how strangle option trades work since we have a ton of new subscribers.  The risk/ reward on this trade doesn’t look great and it may be better off to SELL these options but that is another strategy altogether and one we certainly don’t recommend on a $600+ stock.” (END)

Shares have traded to a low of $584 so far today and the January 575 puts (GOOG120121P00575000, $0.10, down $0.60) have opened at 79 cents and that was it as they will probably expire worthless.  The Google January 700 calls (GOOG120121C00700000, $0.05, down $1.05) will expire worthless. 

If we were playing “in-between” or “acey-deucey” we would have taken $2 out of the Google pot if we had sold these options, but again, it was way too much cash to put at risk if shares would have traded above $700 or below $575.

It’s also another reason why we rarely trade options on stocks over $100.

We have a lot to cover in our Members Area and we couldn’t have asked for a better week or month so far to start 2012.  We have turned a $10,000 trading account into over $20,000 in 3 weeks and we have said 2012 is going to be a BIG year for us.  We are 15-1 on closed trades for the year and you can request our track record by emailing us to see all of the trade details.

As we head to press, the Dow is up double-nickels (55 points) to 12,679 while the S&P is lower by 3 points to 1,311.  The Nasdaq is down 7 points to 2,781.

We will be back Sunday night with the Weekly Wrap and more good news.  We will also be providing an in-depth look at what this week’s rally has meant and where the market could be going.  Until then, have a great weekend everyone!

Momentum Stocks (DNDN, NFLX, VVUS) Stay Hot

Monday, January 9th, 2012

1:15pm (EST)

The market has traded near the flat line for much of today’s action with sentiment slightly negative.  Perhaps, traders are worried over Alcoa’s (AA, $9.34) earnings after the bell which “officially” starts the 4Q earnings season.  We don’t expect much from the company as an earnings miss could be in the cards but the Dow component doesn’t carry much weight except for sentiment.  Shares do look tasty at current levels and if they slip a bit after earnings, pick some up.  At some point, this will be a double-digit stock again.

Elsewhere, a couple of Biotech stocks we have mentioned over the years and last week are getting nice pops.  Dendreon (DNDN, $13.70, up $1.35) continues to shoot higher after reporting better-than-expected sales for its prostate cancer drug, Provenge.  We sent out a NEWS FLASH last week when shares broke above $10 and said to watch for further upside movement.  The chart we showed you talked about the huge gap to fill if shares broke $12.50.  The January 12.50 calls (DNDN120121C00012500, $1.65, up $0.80) have nearly doubled today.  Giddy up!

Vivus (VVUS, $11.39, up $1.23) is up 12% on news its obesity drug, Qnexa, could get special labeling.  The FDA asked the company to remove the “contraindication” for women of childbearing potential contained in the proposed label. The drug would remain contraindicated for women who are pregnant or who can have children.  A contraindication typically indicates that a drug should not be taken because of the health risk that clearly outweigh the benefits.

Alcoa, Dendreon and Vivus are all current recommendations for our Weekly Wrap which went 16-0 in 2011.  We have up to 6 trades that could be called away in a few weeks for nice double-digit profits if current levels hold. 

We also wanted to update the Netflix (NFLX, $92.82, up $6.53) story from last week when we profiled shares at $77 and said a breakout could be coming.  We outlined the “trading box” shares had been stuck in and we said if they broke $80, Netflix could be back at triple-digits again, quickly.  The break above the 200-day moving average today is further bullishness.

We also profiled some expensive call options for Netflix that have done well since last Thursday but it wasn’t an “official” trade due to the cost.  We usually like to trade 10 or 20 contracts on our trade recommendations and usually we won’t pay more than $2 for an option.  At 10 contracts, a $2 option will cost you $2,000 which is a lot of money for some people to place on each trade.

The June 100 calls (NFLS120616C00100000, $14.50, up $3.55) were going for $7.50 last Thursday and would have cost $750 for one contract.  A 10 contract trade would have cost $7,500.  That is a big bet on a stock that has been more volatile than the market but at current prices it would have been nearly a double.

No worries, we closed out a triple-digit winner last week and we are looking to close a few more this week and next.

We have a lot to cover with our current trades and the New Trade we released this morning.  As we head to press, the Dow is up 13 points, the S&P is up a point, while the Nasdaq is higher by 2 points.

Subscribers, check the Members Area for the updates.

Dendreon (DNDN) Halted, Resumes Trading

Thursday, January 5th, 2012

10:45am (EST)

Shares of Dendreon (DNDN, $11.03, up $3.43) were halted briefly after circuit breakers triggered on pending news.  Shares have resumed trading after the company said sales of its prostate cancer drug, Provenge, more than tripled for the fourth quarter to $82 million compared to last year. 

The company caught Wall Street off-guard by pre-announcing the results.  Sales were up more than 25% from 3Q’s numbers and analysts were “only” expecting $70 million in sales for Provenge.

We wanted to show you a quick chart for Dendreon and the technical picture which just improved dramatically.  You will see there is a huge gap to fill if shares clear $12.50.  The stock fell from $35 to single-digits in a blink of an eye after Provenge sales missed estimates back in August 2011 which is when we saw a great opportunity to pick up shares for our Covered Call portfolio.  We recommended the stock in October.

Here were our recent thoughts on Dendreon in our January 2, 2012  Weekly Wrap (this past Monday):

“Dendeon tested the low $7’s before closing above support at $7.50 mid-week.  There is further risk down to $6.50 but we think shares will trend towards $10 in 2012 as the company awaits a buyout offer in the teens.” (END)

We are running a short-term special for our Weekly Wrap where you can get the publication at nearly no cost for 1-year if you sign up for a 1-year subscription to our Daily newsletter.  We have also said we would also include our trading course, How to Trade Options on Momentum Stocks, at no charge (an $895 value). 

The trading course also comes with videos and our next scheduled market and trade review will be this weekend.  With 4Q earnings coming up, we show you how to prepare for possible upcoming trades.  The special offer is available on the website through the weekend and then we will be dropping the promotion.  Sign up for the 1-year Daily and Weekly for just $995 and you get 2 for the price of 1 which includes the option trading course.  Shipping is also on the house.

Folks, 2012 is going to be an even better year to make profits than last year.  We can feel it.  We were one of the few option newsletters that had an incredible 2011 and we expect nothing less in 2012.

We will be updating the Dendreon story this weekend and we hope to see you there. 

We will be back shortly with our midday update but  stay locked-and-loaded.  We see a couple of new trades we like.

« Older Entries
2012 Closed Trades:
    Start 2012 with the BEST options newsletter on the internet. With 5 triple-digit option trade winners in the books, we couldn’t have asked for a better beginning for 2012. If you started with a $10,000 trading account, our option picks could have made you 150% in January. In other words, a $10,000 account would be worth nearly $25,280 as we have gone 18-1. Our Weekly Wrap is off to a 7-0 start for the year.

    Here are some of our profitable recommendations: MSFT call options +124%, STX call options +100% in 2 weeks, 114% and 131% on 2 MGM call options trades in 3 weeks and 107% in AFL call options in 6 days. Some of our double-digit gains include +58% on WPRT calls, +80% on TSM and +38% on INT call options.

    Over the past 4 years we are averaging a 70% winning percentage for all our trades despite volatile, flat and choppy markets. Come see why some of Wall Street's pros are following us instead of the Journal!

    Here are some of our profitable 2011 recommendations: ORLY call options +191%, VMW call options +100%, JOYG call options +169%; GS put options +184%; FDX put options +164%; OXY put options +74%; +137% on RIMM put options, +1,167% on RMBS puts in 11 days, +296% on FCX calls; +157% on ZAGG calls; +110% on LNKD puts; +133% on RLD put options.

    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 below. 665 Total Trades; 459 WINNERS or 7-out-of-10.


2008 - 2010
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Results are NOT compounded.

Request our detailed Track Records which are updated in our Members Area. As soon as you sign-up for a subsciption, you will have access to all open and closed trades for 2011 and past years.

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Trader Comments:

    REGINA L.
    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.

    STEVE T.
    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.

    SCOTT H.
    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.

    PETER G.
    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

    LAWRENCE O.
    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.

    C.J.
    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!

    SHAUN
    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!

    MICHAEL K.
    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.

    PARAG P.
    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!

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

    MIKE
    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.

    TRISH D.
    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.

    MIN L.
    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!

    JOE G.
    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!

    GREG F.
    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.

    NOEL
    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.

    TODD F.
    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.

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

    NOEL
    “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. :) ”

    CHRISTIAN
    “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.”

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

    CHARLES M.
    “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.”

    BRYAN C.
    “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.”

    JOHN H.
    “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.”

    JEFFREY
    “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.”

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

    GREG
    “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.”

    KEN
    “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.”

    GARETT
    “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.”

    TERENCE
    “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.”

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