Mid-Market Update for 10/24/2017

Blue-Chips Surging

3:45pm (EST)

The market opened sharply higher following solid earnings reports from several members of the Dow. While the blue-chips have been slowly adding to its gains throughout the session, pushing the Dow to another new all-time high, the Nasdaq has been lagging as the industrials took center stage.

The Dow is higher by 174 points to 23,449 while the S&P 500 is adding 4 points to 2,569. The Nasdaq is advancing 12 points to 6,599 and the Russell 2000 is up 5 points to 1,502.

While I was hoping to add a New Trade today, let’s wait until possibly tomorrow as I still have some research to do on two candidates.


Momentum Options Play List

Closed Momentum Options Trades for 2017: 50-20 (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.


Ford (F, $12.20, up $0.16)

November 12 calls (F171117C00012000, $0.40, up $0.05)

Entry Price: $0.45 (10/11/2017)
Exit Target: $0.90
Return: -11%
Stop Target: None

Action: Resistance is at $12.20-$12.25. Support is at $12.10-$12.


Limelight Networks (LLNW, $4.80, down $0.13)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $0.95, down $0.10)

Entry Price: $0.37 (9/21/2017)
Exit Target: $1.20 (Limit Order on half at $1.20)
Return: 128%
Stop Target: 50 cents (Stop Limit)

Action: Resistance is at $5-$5.25. Support is at $4.75-$4.70.


TherapeuticsMD (TXMD, $5.01, up $0.07)

TXMD December 7.50 calls (TXMD171215C00007500, $0.25, flat)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: -72%
Stop Target: None

Action: Resistance is at $5.25. Support is at $5-$4.90.