Pre-Market Update for 11/7/2017

Bulls Stay Strong

8:00am (EST)

The bulls continued their record setting pace following Monday’s push to fresh all-time highs with the Dow closing higher for the 6th-straight session.

The S&P 500 is working on a 5-session win streak and came within 7 points of topping the 2,600 level while the Nasdaq missed clearing the 6,800 level by 10 points.

Meanwhile, the Russell 2000 made an intraday move above 1,500 but closed below this level for the 4th-straight session.

I have updated the parameters of our LLNW trade after shares zoomed to a fresh 52-week peak yesterday. This trade is now approaching a 300% return!


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, $17.55, up $0.25)

January 20 calls (TIVO180119C00020000, $0.30, flat)

Entry Price: $0.60 (10/31/2017)
Exit Target: $1.20
Return: -50%
Stop Target: None

Action: Lowered resistance at $17.50-$17.75 was cleared on Monday’s run to $17.60. Support is at $17.25-$17.


Ford (F, $12.33, down $0.03)

November 12 calls (F171117C00012000, $0.40, flat)

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

Action: Yesterday’s low tapped $12.30. Support is at $12.20-$12.10. Resistance at $12.40-$12.50.


Limelight Networks (LLNW, $5.45, up $0.25)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $1.45, up $0.15)

Entry Price: $0.37 (9/21/2017)
Exit Target: $2.00 (Limit Order on half at $2)
Return: 285%
Stop Target: $1, raise to $1.15 (Stop Limit)

Action: Raise the Stop Limit from $1 to $1.15.

Shares traded to a 52-week high of $5.47 with fresh resistance now at $5.50-$5.75. Rising support is at $5.25-$5.20.


TherapeuticsMD (TXMD, $5.74, up $1.38)

TXMD December 7.50 calls (TXMD171215C00007500, $0.25, up $0.05)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: -73%
Stop Target: None

Action: Resistance is at $6.25-$6.50 following Monday’s surge to $6.85. A close above $7 could lead to significant short covering. Support is at $5.75-$5.50 if $6 fails to hold.