MomentumOptions.com Pre-Market Update for 11/3/2017

Dow Triggers Fresh High

8:00am (EST)

The market traded in a tight range throughout much of Thursday’s session before rallying in the final hour of action to push resistance. The Dow made a fresh all-time high while the S&P 500 came within two points of setting another record. The Nasdaq closed with a slight loss but held support and the 6,700 level. Meanwhile, the Russell 2000 came with a point of clearing 1,500 but a level that has held in three of the past four sessions.

The Financials and Real Estate were sector leaders with both rising 0.9%. Materials and Consumer Discretionary were sector laggards after giving back 0.7%.

 

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 $0.13)

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. 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. Support is at $12.10-$12.

 

Limelight Networks (LLNW, $5.20, down $0.08)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $1.30, flat)

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

Action: Resistance is $5.35-$5.40. Support is at $5.25-$5.20.

 

TherapeuticsMD (TXMD, $4.61, down $0.11)

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.