The most hated rally in history continues…
There is an old saying on Wall Street that says “Don’t fight the Fed” and going into this week, many of the suit-and-ties weren’t expecting much from Ben Bernanke. The way the action was unfolding this week, we had a good feeling Big Ben would show his hand and call the quantitative easing bets made by the other zombies.
If Germany would have said no to more bailouts then Bernanke would have stalled but with the rest of world throwing in their chips, he had to call. We aren’t sure what kind of hand will win this high-stakes poker game but the markets are rolling and we are glad to be a part of it.
This week has been sweet as we were able to close 2 more winning trades for triple-digit profits of +160% and +113%. We also closed another option trade for 55%. We also have a number of current trades that are showing strong gains today. We have said September could be special and the final 3+ months of trading are going to be a fun ride. Speaking of a fun ride – we knew there was a reason Randy Moss was back in the NFL this year! We like to post this video every time the bulls make a jailbreak to new highs…
(We always get juiced when we play this one.)
Our last 16-out-of-18 closed option trades have been winners and we will have up to 10 more new option recommendations over the next few weeks. Next Friday the September options expire and we mentioned a few weeks ago we were building our next batch of trades to play the market into October, November and December.
We also said this is becoming a “stock” picker’s market as we have used a mixture of calls AND puts since August. Some of our other monster winners during our recent run include +100% on JCPenney (JCP, $28.89, up $0.23) put options, +193% on Wellpoint (WLP, $58.19, flat) call options, +160% on Green Mountain Coffee Roasters (GMCR, $31.03, down $0.42) call options, and 2 put option trades on Monster Beverage (MNST, $54.01, up $0.60) which returned our subscribers 113% and 55%, respectively.
Our 2012 Track Record for all of our trades (Daily and Weekly Wrap) is now at a sizzling 126-37. We continue to rank as one of the highest option trading newsletters in the industry and we seriously doubt anyone can match our results.
Our point is, we hope you are ready for continued action because we plan to get really aggressive once the market becomes more volatile which it will in October. If the market continues higher, there will be plenty more opportunities to play call options and down the road if there is a serious correction, which we think there will be, then the returns you can make will be mind-boggling.
We will have a lot to talk about this weekend and we have updated our trades one last time before we relax and watch the rest of the session. As we head to press, the Dow is up 60 points to 13,600 while the S&P is higher by 8 points to 1,478. The Nasdaq is showing a 32 point pop and is at 3,188.
We will be back Sunday night/ Monday morning with our next update so until then, have a great weekend everyone!