Mid-Market Update for 11/1/2017

Fresh Highs in Play Ahead of FOMC Minutes

11:25am (EST)

FOMC preview: no change in rates is expected from the Fed with Wednesday’s announcement at 2:00pm (EST). There is no press conference, nor any updated economic projections, so the policy statement is all analysts will have to go on for clues to the normalization path. The strength in the economy in Q2 and Q3 has the market pricing in a December hike with a better than 80% probability, and has been supported by Fedspeak from nearly every policymaker.

Heading into the second half of trading, the Dow is gaining 95 points to 23,472 while the S&P 500 is up 9 points to 2,584. The Nasdaq is advancing 8 points to 6,735 and the Russell 2000 is off 2 points to 1,500.

I have raise the Exit Target and Limit Order on LLNW so let’s go check the tape. I could have a New Trade ahead of the closing bell so stay locked-and-loaded.


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.


TiVo (TIVO, $18.27, up $0.12)

January 20 calls (TIVO180119C00020000, $0.60, flat)

Entry Price: $0.60 (10/31/2017)
Exit Target: $1.20
Return: 0%
Stop Target: None

Action: Resistance is at $18.25-$18.50. Support is at $18-$17.75.


Ford (F, $12.38, up $0.11)

November 12 calls (F171117C00012000, $0.45, up $0.05)

Entry Price: $0.45 (10/11/2017)
Exit Target: $0.90
Return: 0%
Stop Target: None

Action: Resistance is at $12.40-$12.50 following yesterday’s run to $12.30. Support is at $12.10-$12.


Limelight Networks (LLNW, $5.12, up $0.17)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $1.15, up $0.15)

Entry Price: $0.37 (9/21/2017)
Exit Target: $1.20, raise to $2.00 (Limit Order on half at $1.20, raise to $1.60)
Return: 204%
Stop Target: 75 cents (Stop Limit)

Action: Upper resistance at $5.25 is in play with today’s push to $5.13. Rising support is at $5-$4.90.


TherapeuticsMD (TXMD, $4.62, down $0.10)

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: Support is at $4.75-$4.70 with risk to $4.50 on a close below the latter. Resistance is at $5.