Momentum Options Trading Blog
Daily market updates at 9am & 1pm EST
Categories
Archives
Blog Roll

Posts Tagged ‘Intel’

Intel Pushing Higher Ahead Of Earnings

Tuesday, October 13th, 2009

1:00pm (EST)

The bulls are trying to get the market higher today after starting off the session behind the 8-ball.  They are doing a pretty good job as they did get the market into positive territory but we have since slipped once again.  The Dow opened lower and traded to a low of 9,815 (down 70) but has rebounded off the session lows.  Currently, the Dow is down 13 points to 9,872.

We have a mixed bag with the Financial stocks.  The credit card companies are doing well…American Express (AXP, $35.39, up $0.31), Mastercard (MA, $216.78, up $0.78) and Visa (V, $74.47, up $0.77) are up while Bank of America (BAC, $17.80, down $0.23), JPMorgan Chase (JPM, $45.23, down $0.83) and Goldman Sachs (GS, $186.32, down $3.80) are slightly lower.

Of course, the big news today is Intel’s (INTC, $20.61, up $0.21) earnings after the bell.  The stock has held up rather well today and there is heavy volume in the option pits.  By the look of things, the action is pricing in a 5%-10% move in the stock and there is a bullish tone being set.  However, Intel will need to beat on earnings AND revenue, in my opinion, for us to move higher.

Current Subscribers are up 60% on one of our Intel trades and can check the Members Area for the updates…oh, Imax (IMAX, $10.16, up $0.11) has set a 52-week high of $10.25 today and continues to reward our patience.

Big Week For Earnings

Monday, October 12th, 2009

8:30am (EST)

The bulls took the ball and ran with it as the market headed higher throughout the week and finished strong on a number of positive developments.  Things got rolling on Monday when the Dow popped 113 which was followed up with a 132 point gain on Tuesday.  By the close of Friday the Dow added another 78 to finish at 9,864, up 377 points, or 4%, for the week. 

Alcoa (AA, $14.24, down $0.11) kicked off 3Q earnings season with better-than-expected earnings and actually made a profit as Wall Street was expecting a loss for the quarter.  This week we really get things rolling as quite a few of the Financial companies will be reporting. The banks have reported solid back-to-back quarters and we will need to see more of the same or there could be a slight sell-off in the sector.

Tech was also hot as the Nasdaq and S&P 500 both gained 4.5% for the week.  The Naz finished at 2,139, up 91 points, while the S&P 500 added 46 and settled at 1,071. 

International Business Machines (IBM, $125.93, up $3.64) finally broke through a heavy wall of resistance and I have been talking about what a huge event this would be.  The October 125 calls (IBMJE, $2.90, up $1.75) zoomed 150% on Friday and opened at $1.30.  The October 130 calls (IBMJF, $0.84, up $0.57) soared over 200% and opened for three dimes.

The stock could make a run to $130 which represents another area of resistance and an ALL-TIME high for the stock.  The company reports earnings on Thursday and they have been knocking the cover off the ball all year.  Somewhere I can hear the Allman Brother’s singing “you’re my blue sky, you’re my sunny day”…

As you know, I have been making the call for Dow 10,000 since early summer and have been the bull’s biggest cheerleader since March when we started going long the market when everybody was still selling.  We used longer-term options to see the forest through the trees and we were well rewarded. 

If the news this week is good, the Dow may well pass 10,000 for the first time in over a year.  What?  You think it’s a coincidence that IBM, Intel (INTC, $20.17, up $0.29), Cisco Systems (CSCO, $24.03, $0.36) and Apple (AAPL, $190.47, up $1.20) are all approaching 52-week highs…

Earnings will be big this week but we will also have some economic reports that we will need to monitor.  The Federal Reserve will release their meeting minutes from their September 22-23 gathering and Wall Street likes to look for the devil in the details.  The minutes will be out Wednesday and could give us clues about the Fed’s plans for pulling back on its stimulus measures, including near-zero interest rates. 

The Commerce Department will report Retail Sales for September and Business Inventories for August, on Wednesday as well.  Other key reports will be the Consumer Price Index on Thursday and a preliminary reading on Consumer Sentiment will come out on Friday.

As we head to press, Dow futures are up 43 to 9,850.  Subscribers, check the Members Area this morning for the trade updates.

Bulls Resume Rally

Thursday, October 8th, 2009

1:00pm (EST)

The bulls are resuming their climb towards Dow 10,000 after getting positive earnings from Alcoa (AA, $14.54, up $0.34) and a couple of better-than-expected economic reports.  The Dow added nearly 250 points on Monday and Tuesday and took a breather yesterday as it lost 6 points.  Currently, the Dow is up 93 to 9,818 while the S&P 500 is up 12 points to 1,070.  The Nasdaq is chipping in with a 27 point rally and is at 2,139.

The Labor Department reported that new claims for jobless benefits fell to 521,000 last week, down from 554,000 the previous week and better than Wall Street had expected.  The bulls found added momentum in this report because it was the lowest level since early January. 

Retail stocks are rolling as retailers saw their first sales gains in more than a year last month.  The sector showed an increase of 0.1% for September, compared with a 1% drop a year ago.  I don’t see what the big deal is but a number of stocks are benefitting as a result. 

Abercrombie & Fitch (ANF, $35.14, up $2.48) is up nearly 8% and we just closed a short-side trade that netted us nearly 30%.  The stock is now at the “top” of its recent trading range so it remains to been seen if it breaks resistance here and heads up to $40 or falls back to $30.  We may have to look at this one again next week…

I also wanted to talk about using cheap out-of-the-money options and earnings.  Most of our trades aren’t based around earnings but they come up every three months so you have to work around them.  Most options “experts” will tell you to leave these types of plays alone but if you have a solid trading plan, one that consistently produces profits, then it is cool to throw a little loose change on some speculative trades.

I had mentioned a couple of Alcoa options yesterday that weren’t in the Members Area because I didn’t know which way Alcoa would be reporting.  The Street was expecting a loss but I had pointed out that there was 3x more call buying than put buying heading into Alcoa’s earnings report.

The October 14 calls (AAJN, $0.84, up $0.08) were at 63 cents yesterday in the 1pm update and hit a high of $1.20 this morning…almost a free double that market was giving us…

Anyway, those are the types of returns these types of option trades can provide but you have to be in-and-out.  I thought Alcoa would miss earnings (like Wall Street was predicting) but the momentum in this stock was apparent all week.

We have one of these types of trades going with Intel (INTC, $19.92, up $0.17) right now.  Subscribers, check the Members Area for the 1pm update on this trade and the Pepsico (PEP, $60.13, down $1.04) trade.

Checking In

Friday, August 28th, 2009

2:00pm (EST)

The Dow is struggling after starting off the morning in the green.  Intel (INTC, $20.25, up $0.78) got the ball rolling after the company raised  its sales forecast for the current quarter from $8.9 billion to $9.2 billion and Dell (DELL, $16.08, up $0.43) came in with better-than-expected earnings.  However, all the major indexes are now lower as the Dow has fallen 65 points and is currently trading at 9,515.  The Nasdaq has slipped 6 points to 2,021 while the S&P 500 is down 5 to 1,025.

We added the Citigroup (C, $5.20, up $0.15) call options this morning and there are a few other names I like and don’t like.

As far as specific stocks, make sure you close the AIG (AIG, $49.81, up $1.97) call options today.  The stock hit a high of $55.90 this morning which represented the perfect opportunity to sell the September 35 calls (IKGII, $15.80, up $1.70) which printed $21.00 today.  Incredible.  I’ve got another strangle option trade in the works for Sunday night and AIG has proven the kind returns that can made with strangles

DryShips (DRYS, $6.05, down $0.19) couldn’t carry the momentum from yesterday so there was no day trade.

I’ll be back Sunday night with the updates.

Rick@MomentumOptionsTrading.com

« Older Entries Newer Entries »
2012 Closed Trades:
    Our updated 2012 Track Record is now at 85-18 for an 82% win rate. We have closed 24-straight winning option trades since late March!

    Despite the recent volatility, we have given more "locks" to our subscribers than a Vegas bookie. If you started with a $10,000 trading account, our CLOSED option picks would have made you over 600% by now. In other words, YOUR $10,000 option trading account would be worth over $70,000 as we have become one of the most powerful option newsletters in the business. Our biggest trade of the year so far was hit in early May when shares of Green Mountain Coffee Roasters (GMCR) fell 50% after an earnings miss which made our subscribers 576% on the put options!

    We DON"T count "half" closed trades twice, or "third" closed trades three times like other option newsletters do. Some option services will fluff their Track Records up by using these smoke-and-mirror tricks. They will also "average down" a losing trade in hopes of it coming back then will record the "average" price of the trade when it was really 2 bad trades. Most option websites DON'T have track records and say they give 300% winners. The devil is in the details.

    We don't play these types of games which is why we have the most dedicated subscribers in the business because we have earned their trust. We have recommended 103 trades, 85 winners, 18 losers for 2012. Pretty simple and pretty powerful. We also have verified auto-trading partners who trade our recommendations for your account if you cannot watch the market. They will also tell you how good and how honest our service is.

    Here are some of our other profitable triple-digit recommendations: Capital One (COF) call options +423% in 8 days, American Express (AXP) call options +310% in under 7 days, magicJack (CALL) call options +80% in 3 days, Microsoft (MSFT) call options +124%, STX call options +100% in 2 weeks, +114% and +131% on 2 MGM Resorts (MGM) call options trades in 3 weeks, +158% on Zynga (ZNGA) call options and +107% in Aflac (AFL) call options in 6 days. We also had a +200% winner with Scientific Games (SGMS). Some of our double-digit gains include +58% on WPRT calls, +80% on TSM and +38% on INT call options.

    Our Weekly Wrap is 35-0 since the start of 2011 and is 17-0 for 2012. Some of our winners include +55% on Solazyme (SZYM), +27% on Clean Energy Fuels (CLNE), +38% on Vivus (VVUS), +17% on MGM, +18% on Dendreon (DNDN), and +20% on Darling (DAR). Despite what the suit-and-ties say, you can make incredible gains trading the RIGHT covered calls.

    Over the past 5 years we are averaging a 75% 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.

    You can also request our Track Records to see all years by entering your email address which will allow you access to the portfolios.

    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
Track Record
94.05%
73% winners
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.

Enter Your Email Address:

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.”

    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.

Follow us on Twitter