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

Posts Tagged ‘straddle option trades’

Elway Rings Opening Bell/ Under Armour (UA) Cracks $100

Thursday, January 30th, 2014

1:35pm (EST)

It was good to see “The Duke” ring the NYSE opening bell this morning as no one in the NFL has done a better of job of pulling off big-time acquisitions than number 7.

Ditching a dicey, yet exciting, stock pick (think Tebow) for a beaten down blue-chip (think Manning) was perhaps the most guttiest call ever made.  But, the man knows quarterbacks, put his boots to the ground, did his homework, and has made a nice return on his investment.

The big payday will be winning the Super Bowl, of course, and going into battle there is no other quarterback we would take right now, other than Peyton.  He is the Warren Buffet of QB’s and we would bet a Fifty if we were in Vegas he has his team well prepared for the Big Game.  Tip, give the points.

As far as the market, the indexes have once again bounced off the bottom of the trading ranges and are pushing resistance as we head into the second half of trading.  Earnings have been the big story as Facebook (FB, $61.41, up $7.88), Qualcomm (QCOM, $73.11, up $1.99) and Under Armour (UA, $104.18, up $18.97) passed Wall Street expectations.

We were expecting Under Armour to have a big quarter as we were watching February call options on the stock.  The current market volatility has made earnings trades much more trickier but we had a good feeling shares would make a huge move based on the results.

The stock had been in a tight $80-$85 trading range going into the announcement and we were following the February 87.50 calls (UA140222C00087500, $16.45, up $13.90) up until last week.  As you can see, these options are up 545% today after closing at $2.55 into Wednesday’s close.

We usually don’t like to pay over $2 for an option as most of our trades are on options that have premiums in the $0.50-$1.25 range.  These aforementioned calls were a little pricey but we should have pulled the trigger on a small position as we could have purchased 5 contracts to keep the position in the $1,000-$2,000 range and where we are comfortable trading.

The risk with higher priced premium options is that if UA would have disappointed and shares dipped below $80, these options would likely expire worthless.

Next week will offer some great possible earnings trades but we are trying to pick stocks that have other headline events pending (drug trials) or ones that appear to be ready to breakout or breakdown based on the chart work.

We list a lot of these types of trades for our Weekly Wrap EVERY week and a few of them make it to our Daily Watch List.  We have said for the past 2 weeks with volatility picking up, 10%-20% moves are coming in stocks and strangle or straddle option trades could do well.

These types of option strategies are a good way to make high double-digit and even triple-digit gains with less risk as you are hedged.  However, it is important not to overpay and to figure out the breakeven points.

Our trading course, How to Trade Options on Momentum Stocks, goes more in-depth on how use straddle and strangle option trades to reduce risk and enhance returns.  For those of you that upgraded or purchased a 1-year deal in December, you should be getting tracking numbers by Friday afternoon to let you know when the course will arrive on your doorstep.  The coupon code to get a 1-year deal for $789 on our DAILY publication, and the option course at no charge ($895 value), is still open and expires Friday at midnight.  For the coupon code, please email us as we only have a limited amount of extra copies available.

The Dow is up 140 points to 15,878 and the S&P 500 is higher by 23 points to 1,797.  The Nasdaq is surging 78 points to 4,129 and the Russell 2000 has hit blackjack (up 21) and is at 1,143.  The S&P Volatility Index ($VIX, 16.05, down 1.30) remains stuck between 17.50-15.

Amazon.com (ANZN, $400.92, up $16.72) and Google (GOOG, $1,140.55, up $33.63) report their numbers after the close.

We have a lot to talk about inside the Members Area so let’s get on it.

Let The Battle Begin

Tuesday, October 12th, 2010

9:00am (EST)

The market traded in a narrow range on Monday as many of the seasoned vets on Wall Street took the Columbus Day holiday off.  Volume was light as both the bulls and bears were cautious ahead of the flurry of earnings reports that will begin to hit the market over the next several weeks.

Despite the flat day, the bulls have clearly had the momentum and it has been building.  We have mentioned time and time again that the market has been in a tight trading range for nearly five months, and usually when this happens, there is a huge breakout to the upside of a massive breakdown to the downside outside of this range.

Although the bulls got an ugly jobs report on Friday, the market broke through our key resistance targets and held (Dow 10,800-11,000; S&P 1,150-1,160; and Nasdaq 2350-2,400) as the September monthly jobs had one silver lining.  Weekly initial claims finally dipped beneath 450,000 for the first time this year as the private sector employment picture appears to be getting a little better.

The bulls held these important breakouts for the major averages on Monday, although all 3 indexes dipped below our aforementioned targets.  The Dow gained a little over 3 points to finish at 11,010 after traded to a low of 10,977 while the high was 11,030.  The index now has a shot at trading up to 11,150-11,200 with 10,900-10,800 serving as solid support.

The S&P 500 was up less than a point and closed at 1,165 after trading in a 6-7 point range.  The index has slight support at 1,150 and much stronger support at 1,125-1,130 while 1,170 will be the first major hurdle in its way to a run to 1,200.

The Nasdaq also closed less than a point higher at 2,402 and briefly slipped to a low of 2,397 while making a high of 2,413.  The bulls will now push 2,450 which could clear the way for a test to the 2,500 level.

We could see some serious action today as the Federal Open Market Committee will release the minutes of its most recent meeting during market hours.  Everybody is counting on the Fed for more quantitative easing or “QE2″ and they will likely buy more U.S. Treasury bonds but does the market really need it?

Yes and no.

There are some who believe the market has already priced in QE2 which means a “sell the news event” or a pending correction but the bulls believe the Fed’s actions will help motivate banks to lend money because they’ll have excess reserves.  However, that last sentence is key, because here lately, banks have pretty stingy with any kind of loan and the Financial stocks still have not rallied with the current market.

The other worry is that QE2 will continue to cause the U.S. dollar to depreciate which makes our exports cheaper.  This is the one area we are concerned with because we have been telling you about the currency wars that is taking place around the globe.  The International Monetary Fund and Group of 7 are holding meetings this upcoming weekend and there could be pressure on China to make its currency more expensive.  There are “experts” who say the Chinese Yuan is something like 50% undervalued compared to the Dollar which hurts U.S. manufacturing jobs and why “some” believe unemployment is near 10%.

If there is concern for a pending correction, then this could be the wild card over the next few weeks.  Other than that, 3Q earnings should come in better-than-expected as there weren’t many companies who lowered expectations or gave a warning.

There are also a number of economic reports due out this week that will affect the market.  We mentioned today’s big Fed report and tomorrow, the market will digest the weekly report on U.S. petroleum supplies, along with September import and export data, and the Treasury’s budget numbers for September.

Weekly initial jobless hit the Street on Thursday, along with the September producer price index and the August trade balance.  Friday will be a busy day as the September consumer price index, retail sales, the New York Fed’s Empire State manufacturing index, and the University of Michigan’s consumer sentiment index for October all are due out.

As we head to press, Dow futures are down 30 points to 10,933 while the S&P 500 futures are lower by 4 points to 1,158.  The Nasdaq 100 futures are off by 5 points to 2,020.  Subscribers, check the Members Area for the latest updates.

Rollout The Red Carpet…Dow 11,000 Hit

Friday, October 8th, 2010

1:35pm (EST)

Give the bulls credit.  They are trying like hell to push this market though resistance.

Despite a nasty jobless claims report, 2 out of the 3 major indexes have pushed through our price targets as both the Dow and S&P 500 have cleared our fence.  All we are waiting for is the Nasdaq, which seems to have a pants leg stuck in the barbwire, to confirm the jailbreak.

The Dow has broken 11,000 as the index has traded to a high of 11,016 and will need to close above this level to give the bulls a clear victory this week.  The index is currently up 56 points and is a smidge over 11K at 11,009.

djia100810

The S&P 500 has busted through 1,160 and is up 6 points to 1,164 and looks to be headed towards 1,175 and possibly 1,200.

However, the Nasdaq is at 2,399, up 16 points but just cleared 2,400, earlier, as we were heading to press.

Here were our thoughts yesterday:

“There is a feeling that the release of Friday’s monthly employment report will sway the market one way or the other but we think 3Q earnings will likely set the stage for where the market is headed over the short-term.  We also have an uneasy feeling with the world currency debasing race that is currently going on and the parabolic moves gold, copper and silver are making is mind-blowing but we believe there could be some surprises, good and bad, that will dramatically impact the market over the next 3 weeks.”

Well, so far so good.  It’s easy to be bullish in a market like this and while we would turn bullish (short-term) if the 3 major indexes CLOSED above our price targets, we are also aware that it will be vital to carry some kind of put option protection going forward.

It’s hard for investors to remember the bad times when the good times are so good right now, but, it was only 2 years ago this week that the Dow dropped 18% in a week.  In other words, the index fell nearly 1,900 points in five days.

There is a saying that “history repeats itself” and often times in the market or in certain stocks, a pattern or history is repeated.  We aren’t saying history will repeat itself…all we are saying is in this environment, strangles and straddles option trades will be your BEST FRIEND.

The strategies involve the purchase of both a call and put option which allows you security as long as the market is volatile.  Check.  We have that folks. In other words, you don’t have to know which way a stock or the market is going to have to move.  You want volatility and huge price swings.  Check.

This weekend there will be a number of important events taking place concerning the world’s currency and the market will be closed Monday.

Next week, Intel (INTC, $19.51, up $0.11) will report earnings on Tuesday (after the bell) along with Fastenal (FAST, $54.64, up $1.94).  FAST which will report BEFORE the bell and the 52-week high is $56.65.  If the bulls are still dancing and the two companies get “A’’’s on their earnings report cards, then look for Dow 11,300; Nasdaq 2,500; and S&P 1,200 over the near-term.

If some unexpected news or event happens over the weekend, or if Intel MISSES Wall Street’s estimates, then the market could retreat back into the 4-month long trading range, or worse.

Either way, we think 3Q earnings season will be intense and loaded with some GREAT opportunities to make some money on both call AND put options.  We plan on using a combination of both (strangles and straddles) but we will also be playing some directional trades straight up.

Remember, we teach these kind of option strategies in our new trading manual “How to Trade Options on Momentum Stocks” which is available NOW with a FREE 1-month membership included (a $129 value). 

We will be releasing our first video this weekend for those of you have ordered our course.  Details will be emailed to you and we plan to cover the upcoming earnings season and how to find trades, as well as an overview on strangles and straddle option strategies which are covered in our option manual.

Have a great weekend everyone and get ready for some action over the next 3 weeks!

Futures Lower As Unemployment Rate Remains at 9.6%

Friday, October 8th, 2010

9:05am (EST)

In was a flat day on Wall Street yesterday although the market zigzagged on both sides of the ledger before ending mixed.  It seemed as if both the bulls and bears were hesitant ahead of last night’s “official” kick-off of the third quarter earnings season and knowing this morning’s nonfarm payroll numbers for September would be out.  We cover both below.

The bulls were able to push the major averages near resistance (again) after hearing better-than-expected retail sales figures, as well as upbeat jobless numbers from the Labor Department.  However, the bears kept things in check as they held resistance going into the close.

The Dow peaked near 11,000 shortly after the start of trading, but spent the rest of the session near the 10,950 level before finishing with a loss of nearly 20 points to close at 10,948.

The S&P 500 slipped 2 points to finish at 1,158 but below 1,160 while the Nasdaq added 3 points and settled at 2,383 and below our breakout target of 2,400.

Turning to earnings, Alcoa (AA, $12.20, down $0.17) reported a profit of 9 cents a share which was 3 cents better than the analysts’ estimates of 6 cents a share.  Revenue rose nearly 15% to $5.3 billion, versus calls for $4.95 billion.

The futures are pointing towards a lower open after the latest unemployment report hit the Street.  September nonfarm payrolls fell by 95,000, which was worse than the 5,000 loss that was expected.  Private payrolls increased 64,000, which was less than the 74,000 increase that had been widely expected while the unemployment rate remained unchanged at 9.6%.

As we head to press, the Dow futures are lower by 25 to 10,887 while the S&P 500 are showing a loss of 3 points to 1,154.  The Nasdaq 100 futures are down 7 points to 2,007.

adbe100810

Special Note:  Adobe (ADBE, $28.69, up $2.96) surged nearly 12% yesterday after speculation Microsoft (MSFT, $24.53, up $0.10) could be targeting the company in a takeover attempt following a ”closed door” meeting between the two companies.

Shares of Adobe were briefly halted yesterday after a circuit breaker was triggered around 3pm (EST) or an hour or so before the market closed. 

We recently profiled a strangle option trade for Adobe in late September to where our subscribers have already banked a 200% profit.  The put options returned 525% while the call options were left for dead.

Yes, the call options were trading for a penny…a penny…before the news hit.  In other words, these options gained 3,800% yesterday which adds even more gravy to the trade. 

Subscribers, check the Members Area for the important update as we tell you exactly how to play our current position out.  And remember, we teach these kind of option strategies in our new trading manual “How to Trade Options on Momentum Stocks” which is available NOW with a FREE 1-month membership included (a $129 value).

Dow 11,000? Not Yet

Thursday, October 7th, 2010

1:05pm (EST)

The bulls are trying to push past our resistance targets for the major indexes after getting a better-than-expected jobless claims report.  Initial jobless claims came in at 445,000 versus the expected 455,000, while continuing claims were 4.46 million versus expectations of 4.45 million.  This gave futures a lift which lead to a nice open but trading is slightly negative as all eyes are now focused tomorrow’s non-farm payrolls report.  Wall Street is expecting the unemployment rate will rise to 9.7% last month from 9.6% in August.

The Dow made a run at 11,000 and traded as high as 10,998 but is currently down 52 points to 10,914.  If the bulls are able to break 11,000 today then we would be a little nervous of a continued breakout because it could be a classic trap by the bears.  If the index closes right below 11,000 and gets a good number tomorrow, then we would expect the index to easily run past 11,000 with a run possibly up to 11,300. 

The S&P 500 is down by a 7 points and stands at 1,153 but has traded past 1,160 to a high of 1,164.  We think a run to 1,175-1,200 could be in the cards but it will depend.  And finally, the Nasdaq is down 9 points to 2,371 and has traded as high as 2,392.  We are watching the 2,400 level like a hawk.

There is a feeling that the release of Friday’s monthly employment report will sway the market one way or the other but we think 3Q earnings will likely set the stage for where the market is headed over the short-term.  We also have an uneasy feeling with the world currency deflating race that is currently going on and the parabolic moves gold, copper and silver are making is mind-blowing but we believe there could be some surprises, good and bad, that will dramatically impact the market over the next 3 weeks. 

Speaking of earnings, PepsiCo (PEP, $65.58, down $2.53) reported a profit of $1.9 billion, or $1.19 a share, versus $1.7 billion, or $1.09 a share, in the year earlier period.  Revenue jumped 40% to $15.5 billion versus expectations for $15.4 billion.  Excluding items, the company said earnings were $1.22 a share versus expectations of $1.21 a share.  The stock took a hit after the company said growth going forward would be between 11%-12%, down from 11%-13% growth.

Alcoa (AA, $12.23, down $0.14) and Micron Technology (MU, $7.09, up $0.14) will release their quarterly earnings after the bell. 

We will be back in the morning with September’s nonfarm payrolls report and unemployment rate, as will the Commerce Department’s report on August wholesale inventories.  Subscribers, check the Members Area for the updates on our current trades and comments for our Watch List.

« Older Entries
Weekly Wrap Subscription

    Stop Missing Out!
    Real-time trades and detailed stock market analysis for the past week and week ahead.


Free Download

    Download a FREE copy of our detailed Track Records. Register today for access to all closed trades for 2014 and past years.

    Enter Your Email Address:


Follow us on Facebook
Follow us on Twitter



Biggest Winners












    The portfolios can be found in the Members Area as well as past portfolios from 2008-2011. Overall, we are 621-273 on nearly 900 real-time recommendations that equals a success rate of 70%. This means, on average, 7-out-of-10 of our option trade recommendations make you money and we hope to have an even better success rate for 2013.

    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 2008-2012 Track Records by sending us an email or filling out the box below.

Trader Comments:
    I just want you to know that I love the way you write and explain everything. I am new to this, and have lost 50% of my account until I met you guys. Iit is slowly coming back. I will be calling to set up a year of membership rather than the one quarter. Thanks again, and LOVE YOU ALL. REGINA L.

    Rick, I appreciate the advice. I think I will just sit back and utilize your selections only for awhile. This will obviously save me a great deal of money in commissions. I have gone thru your entire site including the video on money management. This has brought me to the stark realization that I have been trading too much for too little. I definitely have not been "swinging for the fences", but I also think I have been getting impatient with trades and getting out too fast. This has no doubt caused me too trade too much. I like, and definitely agree on, the advice on money management. Thanks for the help. STEVE T.

    Thank you!!! I held on to the NFLX position since Nov. 13 at a cost of $1.89. Sold ½ on April 14th for a 540% return and the other ½ upon earnings for 702% return. Total profit of $11,615 a 621% return. Keep the recommendations coming and thanks to you and your team for the service you provide. SCOTT H.

    Rick & Team, GREAT Call on NKE for my two trading accounts:
    1) Entry at .65, out at 1.45, 1.55 Profit = $415
    2) Entry at .60, out at 1.75, 1.50 Profit = $485 PETER G.

    Hey Rick! Here is an update on what your picks have done in my accounts.

    1) Great call on the JoyG March 55. I bought when you said, then bought again on one of the dips. Booked 80+% profit. Made enough to pay for your service for years to come.

    2) Also booked profits on your Berk Feb 74 (80%) and threw a major chunk of change at the March 75’s (190+%). I would have never known that Buffet's stock had split if it weren’t for your service. Bought the shares also for the long haul. Won’t look at them for another 20 years. Great job on getting us in before the indexes did.

    3) Took profit on your Imax March 12.5. 20 cent trailing stop at 1.90 yesterday. Not sure what the profit on that was, but profit is profit.

    I see that you took a loss on some of these. It’s all good. I look to trade your “ideas” not your exact calls. I THANK YOU! For your ideas and commentary. Keep up the good work. And keep those ideas coming. LAWRENCE O.

    Loving this subscription so far! I got into the BRK feb 76 calls the day you talked about right before the split...now up over 300% (0.70 to 2.475)! Keep the good picks coming and let's see some OSIS and EMC upside soon! Just wanted to share my positive enthusiasm on your newsletter...it gives us individual investors great ideas on not only the options market, but also the broader equity market! Case in point is BRK...I can't always read the breaking business news but its easy to read your twice daily updates on my smartphone...helped me get some BRK shares immediately after the split which I will hold for the long haul! Thanks again! C.J.

    Aloha Rick - Thank you so much for the great CL pick. I am not sure if there was buy-out/merger news or what but at 3PM today Colgate-Palmolive absolutely EXPLODED to the upside, and my calls turned into green candy when they went from 1.40 to 3.8 in a matter of seconds! I even sold a few for over 4.0! Much thanks and keep the solid picks up my friend, honestly. Only a fool would scoff at 267% gains... Peace! SHAUN

    I like the fact that you ask for comments from subscribers. Good customer service. By the way, am enjoying the service so far. Some good profitable calls. Keep up the good work. MICHAEL K.

    Woo hoo! Out for 50% on WMT this am. Making up for my depression for getting out of pcln for a 30% gain monday :( you the man! any word on the manual? My friend Mike ( who I sent to your service) told me he emailed you about your integrity in reporting fills. I echo that sentiment big time.. keep it up! Cheers!
    PARAG P.

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

    Rick, I am a new subscriber to your service, and I want to say I am impressed. I am impressed by your results, but more than that I am impressed by your reporting of your fills. You could have easily said you got that Wal-Mart call today for 80 cents, instead you reported 98 cents! Good job and keep it up, I watched the reporting of the fills first, and then I subscribed. Thank You. MIKE

    Hi, good morning. I jumped the gun a little on this one (PCLN). But still made $1,675.00 profit!! Very happy!! Keep up the good work!! Thanks. TRISH D.

    Hi there, I have joined recently, and I am very happy to tell you that I am up over $10,000 on your picks in a month. I started on 10/7 with the Intel pick. I'll be your member for life. Please don't quit on us. Also, I am learning a lot about options. I didn’t get in your recent APOL and that gold trade and only had one loss on CHK. I appreciate all the DD you do. I enjoy your market commentaries. Best advice site period, and I have tried a few here and there. Again, you guys rock! MIN L.

    Thanks be to Momentum Options Trading for providing me with some fantastic wins. I just started with this service and am up nearly 50% in less than a month. There have been losses, but if I manage them properly, I will continue the best efforts given on the blog (in which there are no complaints). What a great cause for humanity. I feel more confident about my trades and continue to play the wins. Best of all, I am now keeping my regular paychecks in the bank! Thank you! JOE G.

    Rick - I wanted to say thanks for getting me started on the right foot with your service. I have made six trades since starting on October 22, 2009. Five are winners and One loser netting me $6,245. Thanks again and keep the trade recommendations coming. GREG F.

    I got into the Nike 60 Call at 1.85, sold at 5.00, also bought a 55 put at 1.05, but got stopped out at .35. What a ride! $2830.00 in the black even with the put. It's right at 100% return. I hope earnings season coming up is going to look like this trade. NOEL

    Nice call on Nike. I think I'll go buy a pair with my profits! : ) I did the straddle for safety but still made 62% on the trade. Not bad for less than 24 hours. If Goldman is right, then the Nov 70s or 75's could be a steal today. TODD F.

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

    “Limit order was set at 1.60 on RIMM so it sold. I may have left some money on the table but you can't go broke making a profit. That was a fun trade. Thank you. Good call. I’ve been watching and trading Rick's advice since March. It’s usually a fun ride, but I give him heck when it's wrong to. :) ” NOEL

    “Your service rocks! I made bank on Dendreon last week! The other thing I have to say is that it took me quite a while to find a REAL options trading service like yours. Most of what’s out there is 99% scam and very sketchy. Momentum Options Trading is the first service I found that I can trust and seriously make money with.” CHRISTIAN

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

    “I did follow a lot of your trades with 1-2 contracts per trade and YTD I’m up 108%. I try not to follow blindly by not entering all of your trades and sometimes entering the ones you don’t. I entered AIG a few weeks ago against recommendation – that one hurt.” CHARLES M.

    “I have been following you for several months and am interested in the new service. I hate to see the free service go away but as they say, “all good things must come to an end”. My ability to join will be greatly influenced by the monthly fee so I’m very curious to see the new prices. Thanks for making April a great month for me and my family.” BRYAN C.

    “I have really enjoyed the past month since finding your blog. You have made some great calls. I would appreciate info. on the new options mentoring program. Thanks.” JOHN H.

    “Hi Rick, I have been following your blog for several months now and I would like to be including on the list for your new service and to receive more information about it. And yes I was a Dendreon winner with your tips. Turned $280 into $7700, and literally saved my butt.” JEFFREY

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

    “Rick – Wow what a day! I got in at the Dendreon calls at $2.25. Thanks to for your advice. I appreciate that. This company has a lock on this type of therapy and no one else in the world is close. Kind of reminds me of the type of companies that Peter Lynch and Warren Buffet suggest that investments be made in. Companies that can build a moat around their business model, that allows them to charge a premium for their product or service. In other words - a monopoly.” GREG

    “Hi Rick, Thank you so much for the Dendreon trade, I made almost $10,000 with that trade with a little over $2,000 investment. You have shown me the power of options trading. Again, thank you so much for all your inputs.” KEN

    “Hi Rick, thanks for the encouragement to play the dendreon calls! did freaking great! Got in the first lot at $1.44 on 3-24-09, sold at $2.45, 70% not bad. Bought it back at $2.30 on 4-7-09 closed out on 4-14-09 for 454% gain! Wow! I love it when that happens. So, thanks the encouragement to get back in when others were saying sell, sell, sell. Keep up the good work.” GARETT

    “Rick – Thanks for Dendreon – it has made all the headlines today! I missed on RIMM earlier, but I’ve been holding onto DNDN calls since 3rd week March. Of course today it all paid off today, as DNDN rocketed up.” TERENCE

    Jan. 31 2012
    Rick, new member...Studied all current trades, did some chart work,picked ZNGA, PEP, MGM...Sold on Feb. 2 for $3600.00 profit...Cost for 1-year membership to your newsletter was less than $1000.00..All I have to say..Thank you. John H –

    3/18/11
    Rick, I purchased 10 contracts of the Nike March 85 puts Thursday afternoon for $2.00. Thing is, I was upset because the puts went down to $1.60 or so before the market closed. Well, needless to say Nike didn’t impress Wall Street and when I turned on the computer this morning the puts were worth $7.10! Sold them for a $5,100 profit!. Thanks again, you are the MAN. Chuck J-

    2/3/12
    Hi Rick,

    I will start off with a thank you for your time and dedication to all
    the research you and your team commit yourself to. This is not me just being excited about the profits I have accumulated aka (bank) ! You have helped me get back to the passion I had of researching stocks/options. Keith N-

    Hi Rick,

    I want to share my great results on GMCR. Based on your comments on February 15th, I bought 20 options at $0.28. They closed today at $7.00, which is a 2,300% gain. My $560 dollars turned into $14,000 in less than a month. In decades of trading, this is my single best trade ever. Thank you! By the way, the Dow was down 228 points today and I could care less. What a great trade. It proves the amazing power of options. I am so grateful for your service, which calls it straight all the time, your options trading manual, and most of all, your amazing skill
    at finding winning trades. I have attached a copy of the trade from
    my brokerage screen.

    Hi Rick,

    Wow!! my account it up 70% since i joined last month and market is going the opposite direction. Really appreciate your service. I just wanted to drop a note to say THANK YOU. Hope to be with you guys for a very long time. Mel

    Rick,

    Great call on Fosl I bought the may 120 puts for 3.70 yesterday morning just sold for $32.00 today
    Keep up the great work
    Thank you, Henri

    Rick –

    I bought 10 Deckers Outdoor (DECK) May 55 puts at $0.50 on 4/26/12 and sold them on 4/27/12 for $1.65. I made $1150 in one day. Thanks. I knew something good would happen sooner or later.
    HOW THE HECK did you know Green Mountain Coffee (GMCR) was going to go down 20 points???!!!! I bought 10 of the May 35 puts at $0.49 and then 5 more at .30. I sold them at 5.80. Thank you again.
    You have made a believer out of me. Alan

    Rick –
    I have only been a member for about 6 weeks but I have done well on most of the trades. My first two were QQQ and SPY a month ago and since then I've gotten into the groove and been doing well.
    I try to execute the trades that you recommend as soon as you send them out, sometimes I can't and I miss the Entry price. However, sometimes when I miss the Entry, the price goes down and I get a better price.
    That's exactly what happened with GMCR.
    You recommended it at around $.81 I think, but by the time I got to it, the price was $.27. I bought 100 Puts on Wednesday May 2, 2012 and sold half of them 24 hours later at $5.95 for a nice 2,203% gain. As per your recommendation, as GMCR went above $30 I sold the remaining 50 Puts at $5.50 for a slightly less 2,037% gain.
    On average that one trade netted me a 2,120% gain, entirely based on YOUR recommendation (and a little bit of luck). To put this in real terms, I risked $2,700 on Wednesday and pocketed $54,550 just 24 hours later.
    So uhh, let's do that again real soon!!
    Feel free to use my name. The tax guys have me on speed-dial already anyway. Dennis

    Rick:
    That was awesome on your GMCR pick, I know how risky it can been holding into earnings but you pulled it off. 
    I just started my autotrading with you today and am in on your QQQ play. I look forward this service. 
    I have a busy career and I have tried to follow and trade throughout the day and found it too hard. I hope you continue to have a great year, I plan to go along for the ride. I am starting slow but will pile more in once I have secured some profits. 
    Keep up the good work your trading has been spot on. I am sure you paid your dues to get this point in your career. Anthony

    Rick:

    Great call on GMCR!  I have been trading for about 15 years actively.  This may be the best trade I ever made.  Got in on Monday, April 30 and the stock was up from when you recommended it.  It went up further after I got in.  Here are the facts:
    Monday, April 30th: Bought 15 June 37's at $1.25= $1900 approx
    Thursday, May 3rd: Sold 15 June 37's at $9.30=$13,950
    Gain for the week: $12,050.
    I understand you will not get them all right.  It’s important to ride those winners and as you could tell from my selling price, I sold when the stock went to $28.10, so left a little on the table.  Who can complain.
    Keep the suggestions coming, looking for another jump on your FSLR, one that I have been riding very hard.
    Best regards, Bob
      

Follow us on Twitter