Mid-Market Update for 8/18/2017

Choppy Action Ahead of the Weekend

2:10pm (EST)

The market opened in negative territory and picked up downside momentum shortly afterwards, pushing the Dow to a triple-digit loss within the first hour of trading. In the second hour of trading, the market reversed course with the Nasdaq and S&P making it back to positive ground.

Word that Steve Bannon has been ousted by the White House may have improved market sentiment. Oil prices are little changed but gold has moved higher and is pushing the $1,300 level once again.

The Dow is down 20 points to 21,730 while the S&P 500 is up a point to 2,431. The Nasdaq is higher by 6 points to 6,228 and the Russell 2000 is slipping less than a point to 1,358.

I have updated our current trades and I will be watching the action into the close. If you don’t hear from me again, have a great and safe weekend.


Momentum Options Play List

Closed Momentum Options Trades for 2017: 44-19 (70%). 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.


TherapeuticsMD (TXMD, $6.20, down $0.07)

TXMD December 7.50 calls (TXMD171215C00007500, $0.95, flat)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: 0%
Stop Target: None

Action: Resistance is at $6.50-$6.75. Support is at $6-$5.75.


Intel (INTC, $35.09, down $0.08)

INTC October 37 calls (INTC171020C00037000, $0.38, flat)

Entry Price: $0.53 (8/15/2017)
Exit Target: $1.10
Return: -26%
Stop Target: None

Action: Support is at $35-$34.75 with shares ending at the session low. Lowered resistance is at $35.25-$35.50.


TiVo (TIVO, $18.14, up $0.04)

TIVO October 20 calls (TIVO171020C00020000, $0.60, flat)

Entry Price: $0.70 (8/8/2017)
Exit Target: $1.40
Return: -14%
Stop Target: None

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