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.
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)
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.
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
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.