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Wall Street Braces for HealthCare Vote

Friday, March 19th, 2010

1:05pm (EST)

The looming U.S. Congressional vote to overhaul the U.S. healthcare system this weekend is putting a huge drag on the market as Wall Street prepares for the outcome. The market has fallen to session lows and it’s hard to say how this impacts Wall Street come Monday.

The concern from our camp is how the U.S. can pay for such a massive bill and the effects it will have on corporate America. Wall Street is not happy about the bill and you can see the nervousness as traders are locking in profits ahead of the weekend.

From a technical view, here is where we are.

The Dow is currently down 60 points to 10,719 after reaching a high of 10,819. As you know, we have been pounding the table on Dow 10,800 and as soon as we hit it the index today we faded. We are hoping for a close above this level and a push towards 11,000 but that looks unlikely today.

djia031910

The S&P 500 is off by 7 points and is trading at 1,159 after reaching 1,169. Our targets are 1,175 and then 1,200 for the index but we also faded at that first level of resistance. The key level to watch to the downside is 1,150. A break below this level could lead to more selling pressure.

The Nasdaq is at 2,370, down 21 points, and has traded to a high of 2,396. We have been calling for 2,400 and this level was hit on Wednesday. The fact that we keep running up to this level and falling back is a little troublesome but we haven’t given up hope on a push towards 2,500.

Despite the concern over the health plan bill, the market can still go higher. All of the talking heads are calling for a huge pullback but they have missed the rally over the last 3 weeks. However, go by “feel” and all signs were pointing to a retest of the January highs.

Although the market faces serious headwinds and next week is a toss-up as far as direction, there are a number of positive catalysts that can carry us higher. First quarter earnings will start to roll in at the beginning of April and we think the numbers are going to be fantastic. We also have a shot at a better-than-expected jobs report in April and these two events could prove the economy is back on track and gaining strength.

As far as specific stocks today, HealthCare shares are having a good day. The group is up almost over 2% and is being led by Aetna (AET, $34.40, up $1.16), Cigna (CI, $37.56, up $1.72) and Wellpoint (WLP, $65.54, up $1.72).

The HealthCare sector has lagged the rest of the market for the past two months and a positive vote could remove some of the uncertain overhang from the stock of managed care companies. We expect to see a “buy the news” situation versus the “sell the news” we often talk about and we are seeing a little of that today.

Elsewhere, Palm (PALM, $4.42, down $1.23) is down over 20% and we wanted to follow-up on a couple of options we profiled this morning. The March 5 puts (UPY100320P00005000, $0.48, up $0.31) closed at 17 cents yesterday and are up 180% today. The April 5 puts (UPY100417P00005000, $0.90, up $0.45) have doubled.

We didn’t pull the trigger on these options but we have done well with some of our other trades this week. We were able to close two trades for winners this week so we can’t complain. Our subscribers booked nearly a 200% gain with Nike (NKE, $73.38, down $1.28) as they were stopped out of the other half of the trade this morning and over a 40% gain in Qualcomm (QCOM, $39.87, down $0.56) yesterday. We aren’t too worried about what the outcome of the health bill will be because we can trade any kind of market.

qcom031910

If it looks like the market heads lower or is going to tank then we will start looking at put options. And this is the way you should think. Look, we will play the market higher if that is the case but most investors are scared to play in the market when it is going down. Don’t be.

You can make just as much money in a down market as you can in an up market.

All of our 2010 CLOSED trades will be updated after the bell today so look for an update over the weekend for those of you who haven’t joined us. For our current subscribers, let’s get to the Members Area for the updates…

We will be back with our Weekly Wrap Sunday Night and it is one you won’t want to miss. Hopefully, we will have the healthcare news by the time we go to press and what you can expect come Monday morning.

Tags: health care vote, Nike call options, NKE options, Obamacare vote, option picks, option signals, options alerts, QCOM, Qualcomm call options, stock options trading
Posted in Company Commentary, Market Analysis, Sectors | Comments Off

Nike (NKE) Call Options Hit 235% Return

Thursday, March 18th, 2010

12:30pm (EST)

Folks, we hit one out of the park today and we are smiling (no pun intended as you will see). We have been busy all morning updating the action in our Members Area and we have another trade on the tip of our tongue as we speak.

nke031810pm

We have been talking about Nike (NKE, $75.10, up $4.22) in our Members Area all week and we thought we would give those of you who haven’t joined us a sneak peak. Here were our thoughts when we recommended a Nike call option trade in our 9am update yesterday morning:

“Action: Tiger is back and the company reports earnings after the bell today. It’s almost too good to be true and it just feels funny how all of this is coming together. In fact, it almost feels like the perfect “buy the rumor, sell the news” event.

We are going to be honest with you. This feels like a setup and we could get a baseball bat to the face on this trade if we are wrong. But we like it and the options are only 50 cents. A 10 contract trade is $500.

We recommended a Nike call option the last time out the company reported earnings which was back in November. That trade returned 173% for our subscribers and we are hoping this one doubles.

We doubt the stock moves 10%, or $7, on Thursday’s open but we do think a 5% move is a given. That should be plenty to make the April 75’s double.

If Nike misses, we still have 5 weeks before the options expire. Roll the dice. Use limit orders of up to 65-75 cents but try to get them cheaper at the open. If the calls open HIGHER than 75 cents, VOID the trade.” (END)

The calls we mention opened at 50 cents yesterday so we got even better prices than we anticipated. They closed for a 50% paper profit by Wednesday’s close but have exploded today and are currently trading at $1.85. We alerted our subscribers to close half of their position into strength but we can still ride the wave if Nike runs to $80.

We also have another trade we are profiling that we think has the chance to at least double so we released today’s update a little early. We are also close to shutting down another trade for a 50% profit so timing is crucial for current subscribers.

As we head to press, the Dow is up 7 points to 10,740 and is going for 8-in-a-row. The Nasdaq is down 2 to 2,386 while the S&P 500 is off 3 points to 1,162.

Tags: Nike call options, Nike earnings, NKE, NKE call options, option picks, option signals, options alerts, stock option picks, stock options trading
Posted in Hot Stocks, Market Commentary, Money Management | Comments Off

Nike Call Options Up 200%

Wednesday, September 30th, 2009

1:15pm (EST)

The market was off to a good start until the Chicago PMI number hit Wall Street. Economists were expecting a reading of 52 for September and we got 46, down from 50 in August.

The Dow had been up over 20 points to 9,764 but quickly fell to a low of 9,608, or a 130+ point loss. Currently the index is at 9,724, down 18. As you can imagine, the action has been choppy to say the least.

Of course, one stock that is having an outstanding day is Nike (NKE, $64.82, up $4.73). We went long on call options in Nike yesterday in the 1pm Update in the Members Area and I had talked about the stock in both of Tuesday’s updates.

The company’s slogan is “Just Do It” and subscribers who “Did It” have banked nearly a 200% profit on the call options that were profiled. I said yesterday that the option market was pricing an 8%-10% move for the stock and sure enough it was right on.

I will update the trade in the morning because we don’t have the final closing numbers but make sure you set stops at $4.50. Our entry price was $1.60 and we had initially set stops at $2.75 this morning. The call options I profiled are currently at $4.90 which is officially a 197% gain from $1.60. Just think, a 10 contract trade would have cost around $1,675 yesterday and would be worth $5,ooo right now. Nasty. Nasty good that is…

The call options easily zoomed past that so we are safe and we can easily lock in profits from here on out. Also, you can sell half now or let the $4.50 stop take you out of the trade entirely.

Research In Motion (RIMM, $68.52, up $0.88) is bouncing back today following last week’s sell-off. I’m not ready to make a call on where the stock goes from here but it is getting interesting. Also, I’m looking at a couple of trades today and doing some more research before releasing them. They should be ready in the morning.

Rick@MomentumOptionsTrading.com

Tags: Nike, Nike call options, NKE, options picks, Research in Motion, RIMM
Posted in Apple, Earnings, Hot Stocks, Market Analysis, Market Commentary, Option Trades | Comments Off

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.

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

Posts Tagged ‘Nike call options’

Wall Street Braces for HealthCare Vote

Nike (NKE) Call Options Hit 235% Return

Nike Call Options Up 200%