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: 83-45, including the Weekly Wrap that is 27-3).

1:10pm (EST)

Finisar (FNSR, $18.50, up $0.

August 19 calls (FNSR130817C00019000, $0.55, down $0.05)

Entry Price:  $0.50 (7/18/13)
Exit Target:  $1.00
Return:  10%
Stop Target:  None

Action:  Shares should challenge $20 over the near-term, possibly $25 by yearend.  Support at $17.  The company has some sweet, new products that could add some extra pennies to their earnings for the current quarter.

Skyworks Solutions (SWKS, $23.78, down $0.11)

August 25 calls (SWKS130817C00025000, $0.40, down $0.15)

Entry Price:  $0.55 (7/17/13)
Exit Target:  $1.10
Return:  -27%
Stop Target:  None

Action:  A close above $25 would be bullish for a run to $30. The potential for a big return is there with this trade as long as $23.50 holds.

 

MGM Resorts International (MGM, $16.18, flat)

August 16 calls (MGM130817C00016000, $0.75, flat)

Entry Price:  $0.50 (7/17/13)
Exit Target:  $1.00
Return:  50%
Stop Target:  50 cents

September 17 calls (MGM130921C00017000, $0.60, flat)

Entry Price:  $0.42 (7/17/13)
Exit Target:  $1.00
Return:  43%
Stop Target:  40 cents

Action:  The close above $16 should lead to $17 and from there $20 on the multiyear breakout.  We like this trade as long as $15.50 holds.

 

Aruba Networks (ARUN, $17.47, down $0.17)

August 17 calls (ARUN130817C00017000, $1.20, down $0.05)

Entry Price:  $0.55 (7/8/13)
Exit Target:  $1.10  (closed half @ $1.15 on 7/18/13)
Return:  91%
Stop Target:  $1 (Hard Stop)

 

August 18 calls (ARUN130817C00018000, $0.55, down $0.15)

Entry Price:  $0.55 (7/15/13)
Exit Target:  $1.10
Return:  0%
Stop Target:  None

October 22 calls (ARUN131019C00022000, $0.50, down $0.05)

Entry Price:  $0.50 (7/15/13)
Exit Target:  $1.00
Return:  0%
Stop Target:  None

Action:  Our Hard Stop of $1 was triggered at the open on the August 17 calls.  The options opened at 95 cents.  We don’t have Hard Stops on the “piggy back trades” and we still believe shares can make a run to $18-$20 over the next few months.

Sony (SNE, $22.61, up $0.50)

August 24 calls (SNE130817C00024000, $0.50, up $0.10)

Entry Price:  $0.50 (7/11/13)
Exit Target:  $1.00
Return:  0%
Stop Target:  None

August 26 calls (SNE130817C00026000, $0.15, flat)

Entry Price:  $0.20 (7/11/13)
Exit Target:  $0.60
Return:  -25%
Stop Target:  None

October 25 calls (SNE131019C00025000, $0.90, up $0.10)

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 it holds.

Other 2013 Portfolio OPEN positions (1):  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.

Apollo Group August 16 puts (from June 2013) – HOLD – We still like this trade and will bring back coverage once shares fall below $18.  We will close the trade if the stock clears $20, and if we do, we will send out a Trade Alert.

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.