Pre-Market Update for 11/2/2017

Fed Leaves Rates Unchanged

8:00am (EST)

The market traded to fresh all-time highs on Wednesday’s open but weakened ahead of today’s FOMC announcement to finish mixed. The Dow and S&P 500 closed in positive territory for the second-straight session after peaking at intraday highs of 23,517 and 2,588, respectively. The Nasdaq tapped a record high of 6,759 while holding the 6,700 but went out with a loss of 0.2%. The Russell 2000 remained volatile following a 0.7% decline and close back below the 1,500 level. The index has failed to make a lifetime high since peaking just south of 1,515 on October 5th.


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, $18.02, down $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: Support is at $18-$17.75 with yesterday’s low tapping $17.95. Resistance is at $18.25-$18.50.


Ford (F, $12.35, up $0.08)

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 at $12.40-$12.50 held following yesterday’s push to $12.47. Support remains at $12.10-$12.


Limelight Networks (LLNW, $5.28, up $0.33)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $1.30, up $0.30)

Entry Price: $0.37 (9/21/2017)
Exit Target: $2.00 (Limit Order on half at $1.60, raise to $2)
Return: 245%
Stop Target: 75 cents, raise to $1 (Stop Limit)

Action: Raise the Limit Order on half the trade from $1.60 to $2. Raise the Stop Limit from 75 cents to $1.

Upper resistance at $5.25 was cleared on yesterday’s intraday 52-week high tapping $5.32. Rising support is at $5.25-$5.20.


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 $4.50. Resistance is at $4.75-$4.80.