MomentumOptions.com Mid-Market Update for 9/13/2017

Tight Trading Range/ New Trade (CSCO)

3:25pm (EST)

The market has been in a tight range today and is mixed as we wing down the final hour of trading.

The Dow is up 21 points to 22,140 while the S&P 500 is down a half-point to 2,496. The Nasdaq is lower by 2 points to 6,451 and the Russell 2000 is advancing 5 points to 1,428.

I have a New Trade so let’s get on it.

 

Momentum Options Play List

Closed Momentum Options Trades for 2017: 46-19 (71%). 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.

New Trade!

Cisco Systems (CSCO, $32.08, down $0.33)

Buy to Open CSCO October 32 calls (CSCO171020C00032000, $0.50, down $0.25)

Action: I like these call options at current levels and you can use a Limit Order up to 65 cents to get the best fills. These are the regular CSCO October 32 calls that expire on October 20th, 2017. I will provide the parameters of the trade in tomorrow’s Pre-Market Update.

 

Current Trades

Cypress Semiconductor (CY, $14.14, down $0.02)

CY October 14 calls (CY171020C00014000, $0.70, flat)

Entry Price: $0.60 (9/1/2017)
Exit Target: $1.20
Return: 17%
Stop Target: None

Action: Support is at $14-$13.75. Resistance is at $14.25-$14.50.

 

TherapeuticsMD (TXMD, $6.49, up $0.08)

TXMD December 7.50 calls (TXMD171215C00007500, $0.80, flat)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: -18%
Stop Target: None

Action: Resistance is at $6.50-$6.75. Support is at $6.25.

 

Intel (INTC, $36.36, up $0.17)

INTC October 37 calls (INTC171020C00037000, $0.40, up $0.05)

Entry Price: $0.53 (8/15/2017)
Exit Target: $1.10
Return: -27%
Stop Target: 10 cents (Stop Limit)

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

 

TiVo (TIVO, $18.55, up $0.10)

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

Entry Price: $0.70 (8/8/2017)
Exit Target: $1.40
Return: -43%
Stop Target: None

Action: Support is at $18.25-$18. Resistance is at $18.75-$19.