MomentumOptions.com Mid-Market Update for 9/15/2017

Bulls on Track for Weekly Win

2:50pm (EST)

The market opened mixed but started to show strength with the first hour with the Dow, S&P 500 and Nasdaq hitting fresh all-time highs shortly afterwards. The rally is somewhat surprising to Wall Street following reports that North Korea fired another missile over Japan and economic data that fell short of analysts’ expectations.

The Dow is up 53 points to 22,257 while the S&P 500 is adding a point to 2,496. The Nasdaq is higher by 15 points to 6,444 and the Russell 2000 is advancing 4 points to 1,429.

I have updated our current trades ahead of the weekend so let’s go check the tape.

 

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.

 

Cisco Systems (CSCO, $32.44, up $0.25)

CSCO October 32 calls (CSCO171020C00032000, $0.65, up $0.10)

Entry Price: $0.50 (9/13/2017)
Exit Target: $1.00
Return: 30%
Stop Target: None

Action: Fresh resistance is at $32.50-$32.75. Rising support is at $32.25-$32.

 

Cypress Semiconductor (CY, $14.45, up $0.15)

CY October 14 calls (CY171020C00014000, $0.80, up $0.05)

Entry Price: $0.60 (9/1/2017)
Exit Target: $1.20
Return: 33%
Stop Target: None

Action: Resistance is at $14.50-$14.75. Support is at $14.25-$14.

 

TherapeuticsMD (TXMD, $6.42, down $0.12)

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: Support is at $6.25. Resistance is at $6.75.

 

Intel (INTC, $36.85, up $0.38)

INTC October 37 calls (INTC171020C00037000, $0.65, up $0.15)

Entry Price: $0.53 (8/15/2017)
Exit Target: $1.10
Return: 19%
Stop Target: 10 cents (Stop Limit)

Action: Fresh resistance is at $36.75-$37. Support is at $36.50-$36.25.

 

TiVo (TIVO, $18.75, up $0.05)

TIVO October 20 calls (TIVO171020C00020000, $0.45, flat)

Entry Price: $0.70 (8/8/2017)
Exit Target: $1.40
Return: -37%
Stop Target: None

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