Mid-Market Update for 10/30/2017

Earnings for the Week

3:05pm (EST)

Here is a look at earnings this week before and after the opening and closing bell.


After: AvalonBay Communities (AVB), Chegg (CHGG), CyrusOne (CONE), First Bank (FRBA), Greenlight Capital (GLRE), Kadant (KAI), Nautilus (NLS), Stifel Financial (SF), Texas Roadhouse (TXRH), Vornado Realty Trust (VNO)


Before: Aetna (AET), American Tower (AMT), Cummins (CMI), Eaton (ETN), Harris (HRS), HCA Healthcare (HCA), Kellogg (K), Lumber Liquidators (LL), Mastercard (MA), Oshkosh (OSK), Pfizer (PFE), Shutterstock (SSTK), Sony (SNE), Under Amour (UA)

After: 3D Systems (DDD), B&G Foods (BGS), Electronic Arts (EA), Plantronics (PLT), Sturm Ruger (RGR), US Steel (X)


Before: Allergan (AGN), Brinker International (EAT), Clorox (CLX), Garmin (GRMN), Littelfuse (LFUSE), Molson Coors Brewing (TAP), New York Times (NYT), SodaStream (SODA),

After: Allstate (ALL), Bojangles (BOJA), Cheesecake Factory (CAKE), Denny’s (DENN), Facebook (FB), FireEye (FEYE), GoPro (GPRO), HanesBrands (HBI), Kraft Heinz (KHC), Life Storage (LSI), Metlife (MET), Qualcomm (QCOM), Rayonier (RYN), Scientific Games (SGMS), Tesla (TSLA), Viava Solutions (VIAV), Yelp (YELP), Zagg (ZAGG)


Before: Aircastle (AYR), AMC Networks (AMCX), AutoNation (AN), Blue Apron (APRN), Chesapeake Energy (CHK), Cigna (CI), Gannett (GCI), Hyatt Hotels (H), Kemet (KEM), Ralph Lauren (RL), Sprouts Farmers Market (SFM), Tennant (TNC), Titan International (TWI), Vulcan Materials (VMC), Wayfair (W), Yum Brands (YUM), Zoetis (ZTS)

After: Activision Blizzard (ATVI), Apple (AAPL), Cardtronics (CATM), CBS (CBS), EOG Resources (EOG), Fluor (FLR), Genworth Financial (GNW), Herbalife (HLF), j2 Global Communications (JCOM), MercadoLibre (MELI), Pandora Media (P), Starbucks (SBUX), TiVo (TIVO), Western Union (WU), Wingstop (WING)


Before: American Axel Manufacturing (AXL), Bloomin’ Brands (BLMN), Cinemark (CNE), Madison Square Garden (MSG), Moody’s (MCO), Potbelly (PBPB), Revlon (REV), Sotheby’s Holdings (BID), US Concrete (USCR)

Heading into the final hour of trading, the Dow is down 77 points to 23,356 while the S&P 500 is falling 8 points to 2,572. The Nasdaq is lower by 9 points to 6,692 and the Russell 2000 is off 19 points to 1,489.

I have identified a number of stocks that could make huge price swing this week but some of the possible earnings option trades I was looking at over the weekend are overpriced on both and call options. I will keep looking at this list but I have 6-10 new trades to play possible continued momentum or a pullback on a number of other stocks over the next few weeks.


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, $12.12, up $0.06)

November 12 calls (F171117C00012000, $0.30, flat)

Entry Price: $0.45 (10/11/2017)
Exit Target: $0.90
Return: -33%
Stop Target: None

Action: Resistance is at $12.15-$12.20. Support is at $12.00-$11.90.


Limelight Networks (LLNW, $4.86, down $0.02)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $0.95, flat)

Entry Price: $0.37 (9/21/2017)
Exit Target: $1.20 (Limit Order on half at $1.20)
Return: 157%
Stop Target: 75 cents (Stop Limit)

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


TherapeuticsMD (TXMD, $4.84, up $0.04)

TXMD December 7.50 calls (TXMD171215C00007500, $0.20, flat)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: -79%
Stop Target: None

Action: Resistance is at $5. Support is at $4.75.