Mid-Market Update for 8/16/2017

Apple (AAPL) at Record Highs

12:20pm (EST)

Apple (AAPL) continues to shine as shares are trading at fresh all-time highs again today after closing at a record high yesterday. Shares have recovered their after-earnings breakout from 10 trading sessions ago with analysts pushing price targets north of $200.

Needless to say, the company is on track for a $1 trillion market cap and would be the first company to do so. Apple’s market cap is currently near $840 billion. At $162, a 25% move from current levels would push shares past $200.

As far as the market, the major indexes have recovered last Thursday’s losses with today’s gains, excluding the small-caps. The Dow is advancing 80 points to 22,079 while the S&P 500 is up 9 points to 2,473. The Nasdaq is higher by 34 points to 6,367 and the Russell 2000 is gaining 7 points to 1,390.

I have updated our current trades so let’s go check the tape. I’m also working on a possible New Trade ahead of the close so stay locked-and-loaded in case I take action.


Momentum Options Play List

Closed Momentum Options Trades for 2017: 43-19 (69%). All trades are dated and time stamped for verification. New subscribers can look at the past history to see how the trades have played out or to research our Track Records.

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 trades or “Exit Orders” in your brokerage account unless I list one. I will send out a “Profit Alert” or “New Trade” if I want you to close a position or if a new trade comes out. Otherwise, follow instructions at all times in the 8am and 12pm–2pm (EST) updates. Also, I will usually give you a heads-up if I think I’m going to send a Trade Alert outside of these time frames.


Intel (INTC, $35.80, down $0.20)

INTC October 37 calls (INTC171020C00037000, $0.48, down $0.11)

Entry Price: $0.53 (8/15/2017)
Exit Target: $1.10
Return: -10%
Stop Target: None

Action: Support is at $35.75-$35.50. Resistance is at $36.25-$36.50.


TiVo (TIVO, $18.50, up $0.20)

TIVO October 20 calls (TIVO171020C00020000, $0.65, flat)

Entry Price: $0.70 (8/8/2017)
Exit Target: $1.40
Return: -7%
Stop Target: None

Action: Resistance is at $18.50-$18.75. Support is at $18-$17.75.


3D Systems (DDD, $12.48, up $0.12)

August 16 puts (DDD170818P00016000, $3.60, flat)

Entry Price: $0.55 (8/2/2017)
Exit Target: $4 (Limit Order) (closed half @ $1.10 on 8/3/2017)
Return: 312% ($2.35 current avg. closing price)
Stop Target: $3.40 (Stop Limit)

Action: Resistance is at $12.50-$12.75. Support is at $12.50-$12.25.