2:05pm (EST)

I have another Profit Alert for the Weekly Wrap on a stock that got a nice pop on Friday but has pulled back today.  The trade made 10%.

This gets the track record for the Weekly Wrap to 19-4 for the year.

I also have 2 New Trades I am recommending today.

Subscribers, check the Weekly Wrap premium section for the updates.

Members Area

The Weekly Wrap Closed Trade Track Record for 2014 is 19-4, or 83% win rate (104-11, or 90% win rate, overall since the start of 2011)

New Trades!!!

Kodiak Oil & Gas (KOG, $14.54, up $0.09) LEAP Trade

Buy to OPEN December 16 calls (KOG141220C00016000, $0.95, up $0.05)

Action:  I still believe a run past $15 is coming and I have talked about the company being a takeover target.  I like these LEAP options to play a possible run to $20 over the next 6-months.

Buy Apple (AAPL, $93.10, up $1.12) stock trade

Action:  I like Apple for a covered call trade now that shares are under $100.  This is an expensive trade as 100 shares will cost over $9,300.  However, the company pays a 2% dividend and there are weekly and monthly options to sell that will lower the cost basis throughout the year.

I want to wait until shares clear $95 before writing options as Apple could resume its uptrend into July.

Current Trades

Huttig Building Products (HBP, $4.63, down $0.82) stock trade

Original Entry Price:  $4.30 (6/23/14)
Lowered Price from Selling Options:  None
Exit Target:  $6-$8
Return:  10%
Stop Target:  $4.75 (Stop Limit)

Action:  Shares opened at $5.07 and have traded to a low of $4.54.  I had a feeling a back test would come and it looks as though shares might form a base in the $4.50-$4.75 area over the near-term.  I will keep the stock on my Watch List for another entry point because I still like the company for a longer-term trade but for now I’m out.