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Posts Tagged ‘weekly stock options’

Dow Trips 16,600/ Profit Alert (QQQ)/ New Trade!!!

Thursday, April 3rd, 2014

11:50am (EST)

The trading pattern has followed much of Wednesday’s action as the indexes have danced in a tight range ahead of Friday’s Nonfarm Payrolls report.  However, the blue-chips have traded to new all-times highs along with the S&P 500 before turning lower.

Analysts are expecting a gain of 205,000 jobs for March versus 175,000 in February.  We mentioned there are whisper numbers as high as 300,000 but we said a not too hot and not too cold number of 225,000 would be perfect for the market.

We talked about yesterday’s ADP employment report this morning and how we felt it was bullish although there was a slight miss.  In January, expectations were about the same as the suit-and-ties were looking for an increase of 200,000 jobs added.  The ADP numbers came in much higher at 238,000 before much of the nasty winter weather hit.

March was pretty much a non-weather issue.  If the market gets a number below 200,000 on the Nonfarm Payrolls report, the bears could take advantage of a huge disappointment.

The news will also come on a Friday and ahead of the weekend.  There should be plenty of clues going into the closing bell tomorrow to figure out how next week might go.  We have already started our homework as we also prepare for the start of 1Q earnings season next week.

As we head into the second half of trading, the Dow is down 20 points to 16,552 while the S&P 500 is lower by a point to 1,889.  The Nasdaq is declining 14 points to 4,261 and the Russell 2000 is off 8 points to 1,884.  The VIX is up 0.12 to 13.21.

We have a New Trade we are getting into this afternoon on a stock that is on the verge of a breakout.  We also believe the company is a takeover target.  These two combinations could lead to a powerful move that would easily make us a 100% return on the call options if shares surge past $13.  They are currently at $12.65 and our near-term target has been calling for a run to $14-$15.  If these targets are triggered, the options could return upwards of 200%-300%!

Subscribers, check the Members Area for the New Trade and current updates.  We also have a Profit Alert and we could have additional Trade Alerts ahead of the close so stay locked-and-loaded.

Monday, March 24th, 2014

The market rebounded to start the week as the Ukraine/ Russia threat simmered down but the bulls hit a speed bump halfway through after Fed Head, Janet Yellen, spooked the market.

The Financial stocks showed some strength and led Thursday’s recovery on hopes of the major banks passing the Federal Reserve’s stress test and they did.  The indexes ended just below resistance going into Friday’s action and made a run for the hills but the bears we not ready to give up the white flag as selling pressure took over.  The bears won Friday’s musical chairs but the bulls got the weekly win.  (continued…)

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We have returned some incredible gains to start 2014 and continue to provide the BEST options trades in the business.  Take a look at these gains and get on board now to get instant updates:

Our top winning option recommendations in 2014 so far have been short of jaw-dropping to say the least:

+817% Galen Biopharma (GALE) call options

+250% World Wide Wrestling (WWE) calls

+183% Ariad Pharmaceuticals (ARIA) calls

+108% Galen Biopharma (GALE) calls (piggy-back trade)

+103% Aruba Networks (ARIA) call options

+82% WhiteWave Foods (WWAV) LEAP calls

+60% Ingersoll-Rand (IR) call options

+59% Philip Morris (PM) put options

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.

Nike (NKE) Beats Estimates, Shares Slip/ New Trade/ Profit Alert!!!

Friday, March 21st, 2014

12:10pm (EST)

Shares of Nike (NKE, $76.84, down $2.43) are falling 3% today following a mixed earnings report after Thursday’s close.  The company has been a Wall Street darling (and one of our favorite option trades) over the years and usually spanks the suit-and-ties estimates.

In recent quarters, Nike has topped forecasts by a penny, 8, 2, and 6 cents over the past 4 quarters, respectively.  Over the years, we have taken bullish call option trades on Nike but have stayed on the sidelines in recent quarters as the “pops” after the announcements have become less and less and are starting to turn negative.

Shares slipped nearly $1 in December on their last earnings announcement.  The stock was flat in September’s update in the following trading session and in June 2013, shares were up $1.36.  The previous March, shares surged $6 from $53 to $59.

In other words, the trade has been crowded of late.

There was nothing wrong with Nike’s numbers as the company reported earnings of 76 cents a share on revenue of $7 billion.  Analysts were looking for 72 cents/ $6.7 billion.  The numbers were impressive, especially the revenue beat, but the stock is getting punished after the company said recent currency wars would likely impact current quarter numbers and might be a drag for several quarters.

Nike does business in a number of world currencies and although the Dollar is used in roughly 2/3rd’s of their transactions, the other 1/3 is not.  This creates risk and a possible headwind for shares to gain momentum going forward.

There will be a time to play Nike again, maybe as soon as next week if support holds.  However, we will have to do some chart work over the weekend to see if there is an option trade for a rebound back to $80, or a continued drop towards $75-$73.

We mentioned this morning today would be a busy day for us as we have a number of trades clearing the books.  There were a few put option trades we took in early February for “protection” but we have learned our lesson over the years not to go overboard with options against a strong trend.

We have continued to call for new all-time highs into 2014 and while the road has been choppy, the bulls have kept the bears in hibernation for the first three months of the year.

Remember, we were probably the only option newsletter that accurately called the Dow’s 3,000 point gain last year and we went on record again this past February saying there could be another 3,000 point gain this year for the blue-chips.  Yes, Dow 19,000 – if the long-term uptrend lines hold .  If not, Dow 13,000 could also be a possibility.

At current levels, this means there will plenty of room to play a continued bull run all year long, or at some point, the mother of all selloffs.

We do our weekend homework on Sunday evenings into Monday morning and its this type of forecast that keeps us motivated.  Then again, in 6-years, we have never had a losing Track Record so we are always motivated to make you (and us) some money!

Out 7th year could be our best as we are ending the quarter with some jaw-dropping gains.  April and 1Q earnings season are just around the corner and with March Madness just starting, the next 6 weeks could provide a bevy of trading opportunities.

Our portfolio will be light as a feather and we will have plenty of room to add New Trades to take advantage of a continued breakout or a possible breakdown from current levels.  In fact, we have a New Trade today for our Daily and we might also have a new recommendation for our Weekly Wrap as well.

As we make the turn, the Dow is up 113 points to 16,444 while the S&P 500 is higher by 10 points to 1,882.  The Nasdaq is gaining a point to 4,320 and Russell 2000 is chugging a 6-pack to 1,205.

Subscribers, hit the Members Area for the updates and stay near your email inboxes into the close in case we have additional Trade Alerts.

We will update our first quarter Track Records for the Weekly Wrap on Sunday night and for the Daily on Monday morning that we will send with the newsletters like we do every week.  Until then, have a great weekend everyone!

Yellen Spooks Market, Support Holds/ Profit Alert (QQQ)!!!

Thursday, March 20th, 2014

9:00am (EST)

Uncle Ben left some big shoes to fill as the market usually responded well to his comments and his QE (quantitative easing) efforts.  It remains to be seen how Aunt Janet’s first year plays out but she did the bulls no favors by going off script a little from the normal Fed rhetoric.

The zombies announced a $10 billion cut in the monthly QE bond purchases, as Wall Street expected, but the bears took control when the interest rate projections were moved forward.

The Chairwoman got a golf clap from us as she looked poised and composed throughout her update but she hiccuped when asked about rising interest rates down the road.

The Fed’s forecast now puts interest rates at 1% by the end of 2015, and over 2% by 2016.  The unemployment rate target of 6.5% before rates were forecasted to be hiked was also ditched, as expected. (continued…)

Bulls Breathing as Zombie Rhetoric Heats Up/ Profit Alert (VZ)/ New Trades!!!

Friday, March 14th, 2014

2:00pm (EST)

Futures were showing a slightly higher open ahead of midnight but turned into pumpkins afterwards and ahead of the overseas markets opening.  They recovered ahead of this morning’s open here at home but the choppy action continues as the zombies put pressure on Russia.

There is a lot of headline risk over the weekend with the referendum scheduled on Sunday for Crimea to join with Russia.  The outcome will likely have serious consequences and the result will cause another response from head officials here at home on Monday.

For this reason, Wall Street is nervous.

We mentioned the other indexes could follow the Dow’s test to their 50-day MA’s (moving averages) and as option traders, next week could offer a great opportunity to play this move, or, a possible rebound from here.

Most slick talking pros are hoping for a 5%-10% pullback, and are saying they will buy it, but they missed the gravy train all of last year and most of this year.  Although the action has been volatile, fresh all-times highs have been set and they may not get the opportunity to “get in” this time around if Monday’s open is strong.

This would assume all goes well over the weekend but the word “assume” can be damaging if there is a continued selloff and long positions are taken today.

Although it has been a slightly down week, we were well prepared for the action as we limited our exposure while locking in a monster call option winner (WWE, up 203%) and a few other breakeven trades.

Our plan was to trim our Daily and Weekly portfolios where we could to lock-in gains and to prepare for the possible upcoming volatility.

While we normally don’t like to add new positions ahead of the weekend, we’ve had a phenomenal first quarter so we can nibble a little bit and be aggressive while the big boys play catch up.  We are adding 2 New Trades today.

As we make the turn, the Dow is lower by 10 points to 16,099 while the S&P 500 is down a point to 1,844.  The Nasdaq is down 5 points to 4,255 and the Russell 2K is up a 6-pack to 1,182.

Meanwhile, the S&P Volatility Index ($VIX, 16.89, up 0.67) is up 4% and has traded to a high of 17.29.  While we have mentioned most suit-and-ties ignore the VIX, once again it is giving us very telling clues on if a bottom is in or if there will be further weakness.  We should know by Monday’s close how next week unfolds but our feeling is there could be a bull party if Putin is slow playing his hand.

Subscribers, check the Members Area for the New Trade and current updates.  We also have a Profit Alert on a trade up 21%.

We will be back Sunday night with the Weekly Wrap and Monday morning with the Daily.  You will not want to miss either issue.  Until then, have a great weekend everyone!

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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.

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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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