MomentumOptions.com Mid-Market Update for 10/3/2017

Bulls Going for Five-Straight

2:00pm (EST)

The market opened higher with the major indexes establishing new all-time highs in the process. The Dow, the strongest of the averages, remains higher heading into the closing bell with the Russell 2000 lagging.

The Dow is up 71 points to 22,629 while the S&P 500 is adding 2 points to 2,531. The Nasdaq is advancing 7 points to 6,524 and the Russell 2000 is down 4 points to 1,505.

I’ve been researching and doing the math on several New Trades so stay locked-and-loaded into the close in case I take action. In the meantime, I have updated our current trades.

 

Momentum Options Play List

Closed Momentum Options Trades for 2017: 49-19 (72%). 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.

 

Cypress Semiconductor (CY, $15.34, up $0.03)

CY November 16 calls (CY171117C00016000, $0.50, flat)

Entry Price: $0.45 (10/2/2017)
Exit Target: $0.90
Return: 10%
Stop Target: None

Action: Resistance is at $15.50-$15.75. Support is at $15-$14.75.

 

Limelight Networks (LLNW, $4.19, up $0.10)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $0.45, up $0.05)

Entry Price: $0.37 (9/21/2017)
Exit Target: $0.80-$1.20
Return: 18%
Stop Target: None

Action: Resistance is at $4.20-$4.25. Support is at $3.90-$3.75.

 

TherapeuticsMD (TXMD, $4.97, down $0.19)

TXMD December 7.50 calls (TXMD171215C00007500, $0.25, down $0.05)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: -73%
Stop Target: None

Action: Support is at $5. Resistance is at $5.50.

TiVo (TIVO, $19.55, down $0.30)

TIVO ‪October 20‬ calls (TIVO171020C00020000, $0.60, down $0.15)

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

Action: Support is at $19.50-$19.25. Resistance is at $20-$20.25.