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Posts Tagged ‘weekly options advisory’

Bears Scatter as Bulls Reclaim Support

Thursday, April 10th, 2014

9:00am (EST)

For the investors and Wall Streeters that jumped on the bears band last week, they fell back off the wagon on Wednesday as the bulls rebounded in strong fashion to reclaim prior support levels.

We tried to warn those that were dipping their toes in shark infested waters to be careful as our chart work showed the bulls had some wiggle room coming into the week.  Following a text book dip on Monday and hold on Tuesday, Wednesday’s rally was Hollywood.  Of course, the bottom line is the market is STILL in a 3-month trading range but the clues it continues to give us have been blockbuster.

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If you are not a subscriber but would like to get more, real-time trades, please click here.  We are one of the fastest growing stock options trading advisors on the internet.  We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis.   If you are new to options or have questions on our style of trading or subscriptions, give us a call to speak to a live trader during market hours.

Wall Street Braces for Fed Minutes/ Profit Alert (APOL)!!!

Wednesday, April 9th, 2014

11:10am (EST)

Although 1Q earnings season is underway, today’s focus will be on the Fed with the latest FOMC minutes being released at 2pm (EST).  After the close, there will be additional zombie talk from both the dovish and hawkish side with Wall Street looking for additional insight into the Fed’s outlook.

There were a couple of earnings trades we have targeted for the week but the list of candidates wasn’t too impressive.  Finding an option trade around earnings is always a fun and rewarding challenge but there are numerous factors in deciding if you should buy call or put options to play an up or down move in a stock.

Past earnings action, chart work, fundamentals, sentiment, liquidity, and option pricing all play a role in deciding which candidates make our Watch List.  These option trades can easily make 100% or more if a stock moves up or down 5%-10% but the pricing has to be right.  High-beta stocks usually carry expensive premiums with wide bid/ask prices so it’s best not to overpay and to realize the profit potential before entering a trade.

The earnings playbook for next week is absolutely loaded with juicy candidates as we have already started the research.  There are a number of possible call and put option trades we are looking at and we plan to be very active as our portfolio is light.

Even better, the recent trades we have opened continue to show strong gains, including one from Monday that has just tripped a 122% return – in 2 days!

We want to lock-in profits on a quarter of a position so we are going to press a little early today.  We could also be adding New Trades or have additional Profit Alerts so monitor your email inboxes throughout the day or follow us on Twitter to know the moment we take action.

As far as the indexes, the Dow is up 34 points to 16,290 while the S&P 500 is gaining 2 points to 1,854.  The Nasdaq is advancing 15 points to 4,128 and the Russell 2000 is higher by 3 points to 1,147.

Subscribers, check the Members Area for the trade updates and stay locked-and-loaded into the close!

Bulls Get Weekly Win Despite Friday Selloff

Monday, April 7th, 2014

9:00am (EST)

The bulls got off to a good start for the week as Monday’s continued rebound stretched their streak to 2-straight and gave them some momentum.  Tuesday’s run to resistance and fresh all-time highs validated our stance to stay long and strong during the prior week’s selloff as the bulls got a hat trick.

Wednesday’s session was slightly volatile as the ADP Employment numbers came in slightly below expectations.  This caused some early morning weakness before the bulls rebounded to get their fourth-straight win.  Thursday’s drive for five started with fresh intraday highs for the Dow and S&P before a late day fade and slightly lower finish.  Tech and small-caps were weak as they dipped 1% ahead of Friday’s Nonfarm Payrolls report.

Futures were up on Thursday night and into Friday morning and improved after NonFarm Payrolls came in at 192,000.  While we weren’t nervous heading into the report, we warned of a possible “double top” or extended trading range developing if the bulls didn’t end the week strong.  The market opened higher but the bears started their attack shortly after words and targeted Tech, small-caps, and the momentum stocks once again.

The bulls technically got the weekly win as the market edged higher, overall, but the action on Friday felt bearish.  The bulls have a little wiggle room before the technical picture starts to favor the bears but they need another bounce back week and a close above prior highs to avoid what could become a serious meltdown.  (continued…)

Opening Pop Fades as Bulls Lose Momentum

Friday, April 4th, 2014

12:20pm (EST)

This morning’s Nonfarm Payrolls number was crucial in keeping the bulls momentum going and futures were trading higher throughout the night ahead of the overseas market.  There were other clues left on Thursday that were also bullish but this gave us a good feeling coming into this morning’s report the market would be okay.

The print of 192,000 for March was not too hot, and too cold as higher revisions were made for the months of January and February.  The whisper numbers of 300,000 jobs added were a bit ridiculous but we were surprised Nonfarm Payrolls couldn’t crack 200,000.  The revisions were good, as it lifted the overall monthly average, but April’s numbers will certainly need to see gains well north of 200,000 to say the economy is “recovering”.

Initial Public Offering’s (IPO’s) continue to pour in as companies looking to go public take advantage of market highs and before, eventually, market weakness.  There are four today and we will cover two of them.

After yesterday’s close, GrubHub’s (GRUB, $35.69, up $9.69) pricing for 7.41 million shares came in at $26 and was above an expected range of $23-$25.  Shares opened this morning on the NYSE at $40 and have traded up to $40.79.

Over on the Nasdaq, Five9 (FIVN, $8.11, up $1.11), a cloud software company, priced 10 million shares at $7 and below the expected range of $9-$11.

We have mentioned the talk of a frothy IPO market but we are ignoring the noise as there have been some interesting companies that have come to market.  The ones that are overpriced, we will look to short them with put options down the road.  The IPO’s that look good and might be underpriced, or show good growth potential, we will use call options to play runs to higher prices.

Although we weren’t worried about today’s open, we are concerned with the pullback.  We mentioned a “double top” could be forming, or the development of another trading range, if the indexes finished lower today.  Following another push to all-times, the market is trending lower and we would like to see a rebound into the close to confirm possible higher prices into next week.  If not, we will continue to protect profits.

We closed 3 more winning trades this week and while we have started a new batch of trades, we mentioned we still have to be careful.  We are in great shape to add new trades, calls or puts, but with the possibility of a pullback or trading range continuing, we don’t have to rush trades.

As we make the turn, the Dow is down 64 points to 16,508 while the S&P 500 is lower by 13 points to 1,875.  The Nasdaq is declining 94 points to 4,142 and the Russell 2000 is getting hit for 18 points and is down to 1,163.  Not pretty.  The VIX kissed 12.60 but is up 0.36 to 13.72.

We could have additional Trade Alerts into the close but if you do not hear from us, we will be back Sunday night with the Weekly Wrap and on Monday morning with the Daily.  Until then, have a great weekend everyone!

Bears Stretch Support, Bulls Looking to Rebound

Monday, March 31st, 2014

9:00am (EST)

The market tested the first wave of support to start the week as Biotech and Momentum stocks continued their pullback and weighed on the indexes.  There was a slight rebound on Tuesday that lasted into Wednesday’s open which teased us (but not Wall Street) a breakout to new highs was on the horizon.  However, out of nowhere, the bears struck quickly as the Dow closed nearly 200 points off its high.

There was continued selling pressure on Thursday as the bears cracked the next waves of support but we mentioned the bulls did well by keeping the losses in check and holding down the 100-day MA’s (moving averages) on the rebound.  Friday’s action started off extremely strong but the trading pattern of another late fade also played out.  While the talking heads and slick talking pros continued their pounding of the table for a continued lower market, we said to stay strong as nothing was broken.

It may have been our best “call” of the year as word quickly spread after the market closed that Putin called Obama.  (continued…)

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    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
      

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