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First Solar (FSLR) Strangle Option Trade Update

Wednesday, August 8th, 2012

12:20pm (EST)

Shares of First Solar (FSLR, $20.91, up $0.31) cleared $20 yesterday and have traded up to $21.69 today.  The stock is off its highs but the strangle trade we profiled in our Weekly Wrap on Sunday and in the Daily Tuesday morning for First Solar hit our targets this morning.  The trade was up over 130% shortly after the bell which is when you should have cashed out the call options so let’s go over how it went down.

Tuesday’s morning’s DAILY update:

Here were our thoughts in Sunday night’s Weekly Wrap (8/5/12) and the
option prices from Friday’s close (8/3/12):

“This looks like a good opportunity for a straddle or strangle option trade, if there is any follow through or a pullback.  Keep an eye on the September 20 calls (FSLR120922C00020000, $0.65, down $0.35) for a quick trade if shares can regain their momentum following Friday’s 5% pullback. If not, watch the September 14 puts (FSLR120922P00014000, $0.70, up $0.15) for a drop back below $15.  Together, the calls and puts would form a strangle option trade to whereas First Solar would need to be above $21 or below $13 by mid-September for the trade to have success.”  

The September 20 calls (FSLR120922C00020000, $1.40, up $0.75) opened at 66 cents on Monday and zoomed nearly 120% for the day.  The September 14 puts (FSLR120922P00014000, $0.40, down $0.30) opened at 59 cents.  The total cost of the trade would have been $1.25, or $1,250 for 10 contracts each.  The value of both the call and put options are currently at $1.80, or $1,800, which is already a 44% gain in 24 hours.

The object of strangle option trades is to make over 100% or more on one side of the position to cover the cost.  Once the call or put gives you a triple-digit gain, you close that side of the trade to lock-in profits.

You would then have a free call or put to play a reverse.

In this case, if you sell the First Solar calls into strength now or on a pop over $20, the puts become house money and have over a month before they expire.  If shares move lower and fall below $14 the September 14 puts would then be “in-the-money” which would allow you to profit from both sides of the trade. (END)

Update!

Tuesday’s close:  The September 20 calls FSLR120922C00020000, $2.45, up $0.20) closed at $2.25 yesterday.  The September 14 puts closed at 25 cents.  The total value of the options is $2.50.  The entry price on Monday morning at the open was $1.25.  The return was at a 100% at yesterday’s close and shares are up today.

The calls traded to a high of $2.88 this morning after opening at 2.67.  Let’s say you were able to close them at the open for $2.70.  The 10 contracts you sold would have netted you $2,700.  The original cost for both the calls and puts was $1,250.  This would get the return up to 136% and the September 14 puts (FSLR120922P00014000, $0.25, down $0.15) are still open. 

You could also close the put options now to lock-in the return but they are at 20 cents and they are free puts to play any downside until mid-September.  It is only $200 and if the put options expire worthless because shares remain above $14, the trade would still return 116%.  If shares trade to $13, the puts would then be worth $1 or an extra $1,000 (10 contracts) which would get the return to 196%.   

We may use these types of option trades in our next batch of recommendations as we try to offset some of the volatility.  We are sorry we didn’t make this an “official” recommendation but we wanted to get everyone comfortable with strangle option trades in case we need to use this strategy going forward.

For those of you who DID take the trade, this will be our last update on the options as we have fielded numerous emails on what to do today.

As far as the market, we are still in a wait-and-see-mood.  The indexes traded lower at the open but have rebounded and are pushing greener pastures.

The Dow is up 16 points to 13,184 while the S&P 500 is higher by a a point to 1,402.  The Nasdaq is down a half-point to 3,016.  The indexes did slip below support which was prior resistance and the close will be interesting today.

Subscribers, check the Members Area for the updates.

LinkedIn (LNKD) IPO Storms Wall Street

Thursday, May 19th, 2011

1:45pm (EST)

The bulls got off to a good start this morning after hearing initial unemployment claims decreased by 29,000 to 409,000 for the week.  The news came before the bell and was better than the 420,000 number that had been expected. 

The market then came off its highs after hearing Existing Home Sales for April fell nearly 1% to 5 million units.  Meanwhile leading economic indicators fell 0.3%, versus expectations for an increase of 0.1%.  The Philadelphia Fed’s manufacturing survey was a shocker, coming in at 3.9 and significantly lower than the expected reading of 20.

Despite the mixed economic news, the market is once again pushing its highs for the day.

The Dow is up 44 points to 12,604 while the S&P is higher by 4 points to 1,344.  The Nasdaq is showing a 12 point pop and is at 2,827.

Wall Street had a warm welcome for its latest initial public offering (IPO) as LinkedIn (LNKD, $104.00, up $59.00) made its official debut by ringing the opening bell on the New York Stock Exchange this morning.  As you can see, the offering was well accepted as shares have nearly doubled in their first few hours of trading as investors are snapping up shares of the online networking company.

Due to strong demand, LinkedIn’s pricing for the IPO was raised to $45 a share following Wednesday’s close which was well above the initial target of $32 to $35 a share.  A current prices, LinkedIn has a market value of nearly $10 billion, the highest for a U.S. Internet company since Google (GOOG, $533.41, up $3.60) went public nearly 7 years ago.

Of course, there are no options available on LinkedIn, yet, but this is a name we will be trading down the road.  The volatility will likely continue for a few months and when the options list, we will let you know.

Our current trades are getting some nice pops today so let’s get to the action.  Subscribers, check the Members Area for the updates.

SodaStream (SODA) Surges on Earnings Beat

Thursday, May 19th, 2011

9:00am (EST)

The bulls continued their bounce off Tuesday’s lows despite a sluggish start to power their way back above key support levels on Wednesday.  

The Dow added 80 points, or 0.7%, to close at 12,560.  The index made a steady climb back above the 12,500 level and will look to challenge 12,700-12,800 by week’s end.  The bears are targeting 12,350.

The S&P 500 advanced 12 points, or 0.8%, to finish at 1,340.  The 1,350 area will need to be cleared if the bulls want to test 1,375 again while 1,325-1,300 is serving as short-term support.

The Nasdaq led the charge higher by surging 32 points, or 1.1%, to settle at 2,815.  Tech made a strong move back above 2,800 after holding support on Monday and Tuesday.

SodaStream International (SODA, $53.99, up $10.26) had an outstanding day as shares surged nearly 24% after the company announced better-than-expected earnings.  Revenues increased 50% to $64 million and here were our thoughts 6 months ago (quotes from that day):

From November 5, 2010:

“We wanted to profile one stock this morning before we hit the Members Area which could be worth watching going forward.  SodaStream International (SODA, $30.00, up $5.88), which makes home beverage carbonation systems, surged 25% yesterday after an initial public offering (IPO) on Wednesday.

The company raised $110 million in its debut by selling 5.5 million shares which were priced at $20 a share and the top end of its estimated range.  The underwriters have a 30-day option to buy up to an additional 800,000 shares to cover any excess demand which could raise another $20 million.

We aren’t 100% sure if this stock is the next Green Mountain Coffee Roasters (GMCR, $33.88, down $0.41), which revolutionized the coffee industry with its k-cups and made our life easier, but there are some similarities.

SodaStream’s home beverage carbonation system allows you to convert tap water into carbonated soft drinks and sparkling water.  Green Mountain made coffee making easy selling the machines that their simple k-cups go in.  SodaStream (also) sells the machines and the mix which is “a smarter way to enjoy soda” according to the company’s slogan.

You can choose from 4 different home soda makers that range in price from $79.95-$199.95.  The refills cost $4.99 and can make 12 liters of soda, or 33 cans.  The machines are being sold in thousands of stores and if they are selling well, the stock could be headed for further gains.” (END)

Well, although we predicted higher prices for SodaStream, we blew it on the options.  We did an update a few weeks ago on SodaStream for our Weekly Wrap and said the options were thinly traded.  Open interest has been low, until yesterday, which can cause wide bid/ask prices.  We mentioned both of these issues in our update.

Although the company’s earnings announcement didn’t show up on our radar until after the fact, there was a trade that would have returned a windfall overnight.

Shares were just under $44 going into Tuesday’s close and a 10% move, which we like to factor in for our earnings trades, would have pushed SodaStream up towards $50.

This would have led us to look at the 50 call strike prices for May and June although the May options expire this Friday.  Both options did really well.

The May 50 calls (SODA110521C00050000, $4.00, up $3.60) were going for 40 cents and surged 900% yesterday.  Open interest was under 1,000 contracts going into Wednesday but traded nearly 3,000 contracts.  The June 50 calls (SODA110618C00050000, $6.20, up $4.10) traded nearly 1,000 contracts versus 3 times open interest.

As you can see, the power of options is incredible.  A $400 trade on 10 contracts was worth $4,000 in less than 24 hours.  Now you know why we spend countless doing research. 

We were also smiling when we heard Jim Cramer nearly quote us word-for-word when he said SodaStream could be the next Green Mountain Coffee Roasters.

Well, it’s something we already knew because SodaStream basically copied GMCR’s business model except they did it with soda.  Brilliant!

We have a lot to cover in our Members Area today and futures are pointing towards a higher open.  Dow futures are up 50 points, S&P futures are up 5 points, and the Nasdaq futures are up 8 points.  Subscribers, check for the updates.

Vivus (VVUS) Rising on New Drug Prospect

Wednesday, May 18th, 2011

1:00pm (EST)

Vivus (VVUS, $8.40, up $0.32) is back in the spotlight but this time it’s not for news concerning its diet drug, Qnexa.  We have mentioned the battle between Vivus and others to be the first company to get a diet pill approved but Vivus also has plans to get into the erectile dysfunction (ED) market.

The company announced positive results from a pivotal phase 3 clinical trial for Avanafil which helps with erectile dysfunction.  The study met all primary endpoints and indicated that successful intercourse was achieved as early as 15 minutes.  

We have been mentioning Vivus since early 2008 when shares were near $5 and we have maintained Vivus is the best speculative play on the obesity market.  Since then, we have also been bringing you regular updates on their good wood drug, Avanafil, and have said that they have a stronger pipeline than Arena Pharmaceuticals (ARNA, $1.29, up $0.01) and Orexigen Therapeutics (OREX, $2.96, up $0.02) – the other two players trying to gain approval for a diet drug.

While Pfizer (PFE, $21.07, down $0.07), which hit a 52-week high yesterday, remains the 800-pound gorilla in the ED space, Vivus should find a niche with its fast-acting action pill.  The market for erectile dysfunction grew nearly 5% in 2009 and roughly 7% in 2010 to over $5 billion in sales so there is room for Vivus to make some decent profits if the drug does hit the market. 

Vivus has a market cap of only $665 million and we doubt Avanafil will be a billion dollar a year drug for them.  However, Qnexa could easily be a billion dollar a year drug which makes Vivus a great acquisition candidate while shares are cheap.  If the company can get through the FDA’s hurdles for their diet drug, then Vivus will easily trade to the upper teens on any positive developments.     

Vivus is a current trade in both our Weekly Wrap and Daily publications.

As far as the market, the action is favoring the bulls today who have a slight lead as we head into the second half of trading.  The Dow is up 37 points to 12,516 while the S&P is higher by 7 points to 1,336.  The Nasdaq is showing a 19 point pop and is at 2,802. 

The bulls are looking to take back key support levels so the close should be interesting.  We will be back in the morning with a full update.  Subscribers, check the Members Area for the current trades comments.  Also, we have added a possible earnings trade or two for you to look at today although we will probably stay on the sidelines. 

Special Notice:  We may also release a NEW TRADE for our Weekly Wrap later this afternoon.  We have 3 positions that might get “called away” on Friday for profits ranging from 10%-35% so we are looking to replace them with some new candidates.

Bulls Get Stretched, Bounce Back

Wednesday, May 18th, 2011

9:05am (EST)

The market went on another wild ride on Tuesday as the battle between the bulls and bears heats up.  We mentioned last week the market could experience some extra volatility due to options expiration week which is this Friday for the May contracts. 

The bears started the session with an early lead which easily led to a break below our near-term targets by our afternoon update.  However, we said there could be a bounce as buyers started to come in at the lows which helped fuel the rebound into the close.

A weaker dollar and some strength from the Financial sector helped the bulls camp but Tech was the most impressive as it bounced back to finish in the green.  We mentioned yesterday that moving averages (MA’s) can get “stretched” which is happening with the Nasdaq and S&P after they fell through their 50-day MA’s yesterday.  Major support and resistance levels can be tricky to read which is why you have to factor in other variables. 

If the bears had pushed just a little harder, perhaps, we would be having a different conversation.  However, they let the bulls get up off the canvas so it’s time to review what the action meant for the rest of the week.   

The Dow dropped 69 points and closed at 12,479 and below our near-term support level.  We said there was further support down to 12,350 and the index fell to 12,378 intraday.  A break below 12,350 triggers 12,200 but you might as well pencil in Dow 12,000 because investors will start jumping ship if this level doesn’t hold.  If 12,500 is cleared, resistance will be at 12,700-12,800.

The S&P slipped less than a point to settle at 1,328.  The index traded to a low of 1,318 after breaking 1,325 but closed above this level by the bell.  Support is at 1,300 with resistance remaining at 1,345-1,350.

The Nasdaq added a point to finish at 2,783.  The index went out at its highs for the day after kissing a low of 2,759 but, more importantly, held the 2,750 level.  Resistance is at 2,800-2,825.

Futures are slightly higher as we head to press which should lead to a green open.

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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
      

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