Trade Updates

Trade Updates

10:00am (EST) Ford (F, $8.12, down $0.21) December 6 calls (FLI, $2.50, down $0.18) Entry Price: $1.25 (5/18/09) Exit Price: $2.50 Return: 100% Stop: $2.00 December 7 calls (FLJ, $1.87, down $0.13) Entry Price: $1.00 (5/18/09) Exit Price: $2.00 Return: 87% Stop: $1.30, raise to $1.60 August 7 calls (FHJ, $1.27, down $0.15) Entry Price: $0.77 (7/31/09) Exit Price: $1.55 Return: 50% Stop: $1.25 Action: We want to see Ford continue to hold $8 but with the “cash for clunkers” theme that has been driving this one higher could be wearing off. Cisco Systems (CSCO, $22.27, udown $0.30) October 20 calls (CYQJD, $2.75, down $0.22) Entry Price: $1.50 (6/2/09) Exit Price: $3.00 Return: 88% Stop: $2.25 Action: Close half of the position TODAY. Cisco reports earnings on Wednesday and we want to protect our profits going into the announcement. Bank of America (BAC, $15.08, down $0.24) November 15 calls (BYOKO, $1.78, down $0.12) Entry Price: $1.50 (6/12/09) Exit Price: $2.25 Return: 14% Stop: $1.30, raise to $1.60 August 15 calls (BYOHO, $0.71, down $0.10) Entry Price: $0.32 (7/31/09) Exit Price: $0.94 Return: 194% Stop: CLOSED Action: We got out of the August calls yesterday and if you will notice I raised the stop on the November 15’s. IBM (IBM, $119.16, down $0.76) August 105 calls (IBMHA, $14.45, down $0.35) Entry Price: $3.40 (7/14/09) Exit Price: $12.00 (7/24/09 1/2 the trade was closed) Return: 335% Stop: $12.75, raise to $14.00 August 115 calls (IBMHC, $4.90, down $0.38) Entry Price: $1.05 (7/16/09) Exit Price: $2.00 (7/24/09 1/2 the trade was closed, other half sold at $3.25 on 7/29) Return: 245% together Stop: CLOSED Action: IBM is still having trouble with $120. Cerner (CERN, $65.19, down $1.08) August 70 calls (CQNHN, $0.65, down $0.05) Entry Price: $1.30 (7/27/09) Exit Price: $2.20 Return: -50% Stop: 50 cents Action: We are just riding this one out… Visa (V, $69.11, up $3.65) August 70 calls (VEHHN, $1.00, down $0.40) Entry Price: $1.60 (7/27/09) Exit Price: $3.20 Return: -40% Stop: Lifted Action: Visa made a run at $70 yesterday but this area is providing strong resistance. Sorry for the late update, folks. I wanted to see where we opened this morning before doing the first post.]]>

Leave a reply Cancel reply

CFTC Disclosure:

GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Blog

Leave a reply Cancel reply

CFTC Disclosure: