July 2013 | Members

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Do not risk more than 5% of your trading account on any one trade but do try to take ALL of the trades.  Please remember, ALL “Exit Targets” and “Stop Targets” are targets.  You should not have any “Hard Stops” entered to close any tradesor “Exit Orders” in your brokerage account unless we list one.  We will send out a “Profit Alert” or “New Trade” if we want you to close a position OR if a new trade comes out.  Otherwise, follow instructions at all times in the 9am and 1pm updates.  Also, we will usually give you a heads-up if we think we are going to send an email outside of these time frames.  Closed Trades for 2013: 79-41, including the Weekly Wrap that is 26-3).

12:00pm (EST)

Sony (SNE, $22.28, up $0.09)

August 24 calls (SNE130817C00024000, $0.55, down $0.05)

Entry Price:  $0.50 (7/11/13)
Exit Target:  $1.00
Return:  10%
Stop Target:  None

August 26 calls (SNE130817C00026000, $0.20, flat)

Entry Price:  $0.20 (7/11/13)
Exit Target:  $0.60
Return:  0%
Stop Target:  None

 

October 25 calls (SNE131019C00025000, $0.90, flat)

Entry Price:  $0.80 (7/11/13)
Exit Target:  $1.60
Return:  13%
Stop Target:  None

Action:  Resistance is at $23-$24 and a close above $22.50 should get 52-week highs in play.  News that China is lifting the ban of gaming counsels could have a huge impact on this stock.  Support is at $21 and the 50-day MA and we like these trades going forward as long as $20 holds.

Riverbed Technology (RVBD, $17.13, down $0.02)

August 18 calls (RVBD130817C00018000, $0.95, down $0.05)

Entry Price:  $0.60 (7/9/13)
Exit Target:  $1.20 (closed 1/3 at 80 cents on 7/11/13)
Return:  53%
Stop Target:  70 cents (Hard Stop)

Action:  We have a near-term target of $18-$20 for the stock by mid-August on a close above $17.50.  Support is at $16 and we have set a Hard Stop of 70 cents on the other 2/3’s of the trade to protect profits.

JPMorgan Chase (JPM, $54.70, down $0.27)

August 57.50 calls (JPM130817C00057500, $0.35, down $0.05)

Entry Price:  $0.38 (7/8/2013)
Exit Target:  $1.00+  (closed 1/2 at 50 cents on 7/11/13)
Return:  18%
Stop Target:  30 cents (Hard Stop)

Action:  We have set a Hard Stop of 30 cents on the other half of the trade.  We would like to see shares start Monday’s session back above $55.  Support is at $52.50 and the 50-day MA but a break below $54.50 will likely knock us out of the trade for a scratch.

 

Aruba Networks (ARUN, $17.45, up $0.47)

August 17 calls (ARUN130817C00017000, $1.05, up $0.30)

Entry Price:  $0.55 (7/8/13)
Exit Target:  $1.10
Return:  91%
Stop Target:  None

Action:  NEW TRADE!!!  We are adding the August 18 calls (ARUN130817C00018000, $0.55, up $0.15) and the October 22 calls (ARUN1019C00022000, $0.50, up $0.10) at current levels.

Apollo Group (APOL, $18.17, down $0.32)

August 16 puts (APOL130817P00016000, $0.30, flat)

Entry Price:  $0.65 (6/26/13)
Exit Target:  $1.30
Return:  -54%
Stop Target:  40 cents

Action:  We will stick with the trade as long as $20.25 holds and we would like to see a trip below $18 this week.

Rambus (RMBS, $9.87, up $0.12)

August 9 calls (RMBS130817C00009000, $1.05, up $0.05)

Entry Price:  $0.55 (6/18/13)
Exit Target:  $1.10
Return:  82%
Stop Target:  None

Action:  Earnings are due out on Thursday.  A break above $10 is possible on a match or beat while $9 could come back into play on a miss.  Analysts are looking for 11 cents a share on revenue of $149 million.

Other 2013 Portfolio OPEN positions (4):  These are trades that are still open in the portfolio but are down over 50%.  They have longer expiration dates and are on “hold” but are not worth mentioning until they turn around.  This means we would not open any new positions.  We are still keeping track of the trades and we will record the results, accordingly, when we close them or if the options expire.  Click on the 2013Portfolio link in the Members Area to view ALL open/ closed trades.

MGM Resorts International July 17 calls (from May 2013)– HOLD

Clean Energy Fuels July 16 calls (from May 2013) – HOLD

Spiders Dow Jones July 141 puts (from June 2013) – HOLD

iShares Russell 2000 Index July 90 puts (from June 2013) – HOLD

WATCH LIST SECTION

These trades are NOT recommendations.  They are trades that we like but have not added to the portfolio as an official recommendation because of market conditions or because we are waiting for better entry prices.  We try not to have more than 12-15 open trades at any one time which is why we created a Watch List.  We will not list entry prices because these stocks are on the verge of breaking out or they could sell off but these are the trades we are watching as new candidates.

We will update this section in the morning.