12:55pm (EST)
We hate to see this week come to a close because it has been our BEST week of a Goodyear (GT, $14.70, up $0.92) so far. Pun intended.
We have closed a number or triple-digit winners, including last week’s monster gains, and we said in late April the breakout (or breakdown) out of the 6-week trading range would yield huge profits. The 7-week range from the beginning of March through mid-April frustrated us because options are time sensitive so we need volatility or a clear trend to get the most bang for your buck. For those of you that have been patient and headed our catcalls for a breakout rally in May, you have been well rewarded.
Since late April we have recommended 19 option trades, all call options, or bullish bets May would be a special month for the bulls when nearly everyone we know was calling for a pullback. All of our near-term targets for the indexes have come into play and even our year-end targets are within reach.
Out of the 19 trades, we have only has 2 losers for a 90% win rate. We still have some open trades but we have locked-in quarter, third, and half profits on a few of these trades and we have stops in place to protect our profits.
Some of the gains include 140% on the SolarCity (SCTY, $42.34, up $6.65) May call options, 173% on Big Five Sporting Goods (BGFV, $21.75, up $0.35) May call options, 263% on Regeneron Pharmaceuticals (REGN, $265.42, up $0.76) May call options, 100% in Beam (BEAM, 68.74, up $0.09) June call options.
We also have open trades that are approaching gains of 200% and we are expecting further gains from them if the rally continues into next week. Other current open trades are showing high double-digit profits and could hit triple-digits over the next few weeks.
We are also excited about playing a continued rally or the mother of all pullbacks if and when the bears ever wake up. We spend all day on Sunday’s doing chart work for the indexes, current trades and possible trades on our Watch List and we can’t wait to check the charts this weekend.
We are neither bullish or bearish as we could care less which was the market goes because we can make just as much money in a bear market as we do in bull markets. If you are nervous about a pending pullback, don’t be. Check out our 2008 portfolio and the insane profits our subscribers made when the Dow was losing 200, 400, 500 and 777 points a day.
Of course, we are still in a bull market and we will continue riding the bulls back until we get the clues of a possible trend change coming. Our Daily portfolio for 2013 is showing incredible gains and we are now beating the market by 5 times over. Our Weekly Wrap has been no slouch either as we are 14-1 with another possible 1 or 2 trades closing today.
We can’t wait for next week and we are in a great position as we wind down May and start to look forward to June and the rest of the year. Folks, this could be one of the best times EVER to play the options market – to the upside- and downside, eventually.
We often mention the bulls like to take the steps when it comes to moving to higher ground but the bears? They like the elevator. For now, the bulls continue to stair step higher.
As we head to press, the Dow is up 62 points to 15,295 while the S&P 500 is higher by 8 points to 1,658. The Nasdaq is advancing 14 points to 3,479.
We have some last minute updates on our current trades before the weekend hits and we have another NEW TRADE we are getting into.
We will be back Sunday evening with the Weekly Wrap and Monday morning with the latest and greatest. Until then, have a great weekend and treat yourself to dinner and some cold sodas following the incredibly profitable week we have put in!
