MomentumOptions.com Mid-Market Update for 8/25/2017

Bulls on Track for Weekly Win/ New Trade (FOLD)

3:15pm (EST)

The market opened in positive territory and traded to its session highs shortly after the open. The Dow and S&P have been holding green throughout the day while the Nasdaq and Russell 2000, which are trying to snap four-week losing streaks, have traded on both sides of the ledger. The bulls are back in control heading into the close.

Oil prices are slightly higher, as hurricane Harvey bears down on the Gulf of Mexico. The Dow is advancing 58 points to 21,841 while the S&P 500 is up 9 points to 2,448. The Nasdaq is gaining 6 points to 6,277 and the Russell 2000 is higher by 5 points to 1,379.

I have updated our current trades and I have a New Trade I want to get us into ahead of the 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.

Amicus Therapeutics (FOLD, $13.10, down $0.03)

Buy to Open FOLD October 15 calls (FOLD171020C00015000, $1.05, down $0.05)

Action: I like these call options at current levels and you can use a Limit Order up to $1.15 to get the best fills. These are the FOLD October 15 call options that expire on October 20th, 2017. I will provide the parameters of the trade in Monday’s Pre-Market update.

 

TherapeuticsMD (TXMD, $5.97, down $0.15)

TXMD December 7.50 calls (TXMD171215C00007500, $0.70, flat)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: -29%
Stop Target: None

Action: Support is at $6-$5.75. Resistance at $6-$6.25.

 

Intel (INTC, $34.71, flat)

INTC October 37 calls (INTC171020C00037000, $0.18, flat)

Entry Price: $0.53 (8/15/2017)
Exit Target: $1.10
Return: -68%
Stop Target: None

Action: Resistance is at $34.75-$35. Support is at $34.50-$34.25.

 

TiVo (TIVO, $18.03, down $0.02)

TIVO October 20 calls (TIVO171020C00020000, $0.40, flat)

Entry Price: $0.70 (8/8/2017)
Exit Target: $1.40
Return: -42%
Stop Target: None

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