MomentumOptions.com Mid-Market for 11/28/2017

Record Highs Back in Play/ Profit Alert (LLNW)

2:40pm (EST)

The market opened in positive territory with the major indexes gaining upside momentum following the release of a consumer confidence reading that notched its highest level in 17 years.

The best performing indexes are the Dow and S&P 500, but the strength has been broad based. There has been a pullback on North Korea news so we will have to see how the close goes.

The financial sector is showing strength as new Fed Chair nominee Jerome Powell testifies before the Senate Finance Committee. This has been good news for our BAC trade. I also have a Profit Alert for LLNW.

 

Momentum Options Play List

Closed Momentum Options Trades for 2017: 51-21 (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.

Twitter (TWTR, $21.75, down $0.07)

TWTR January 24 calls (TWTR180119C00024000, $0.55, flat)

Entry Price: $0.70 (11/22/2017)
Exit Target: $1.40
Return: -21%
Stop Target: None

Action: Support is at $21.75-$21.50. Resistance is at $22-$22.25.

Bank of America (BAC, $27.26, up $0.67)

BAC January 28 calls (BAC180119C00028000, $0.63, up $0.21)

Entry Price: $0.63 (11/16/2017)
Exit Target: $1.25
Return: 0%
Stop Target: None

Action: Monday’s high tapped $26.92. Fresh resistance is at $27.50-$27.75. Rising support is at $27-$26.75.

TiVo (TIVO, $18.12, up $0.12)

January 20 calls (TIVO180119C00020000, $0.45, flat)

Entry Price: $0.60 (10/31/2017)
Exit Target: $1.20
Return: -25%
Stop Target: None

Action: Resistance is at $18.25-$18.50. Support is at $17.75-$17.50.

Limelight Networks (LLNW, $5.65, down $0.25)

LLNW ‪December 4‬ calls (LLNW171215C00004000, $1.70, down $0.20)

Entry Price: $0.37 (9/21/2017)
Exit Target: $2.50 (Limit Order on half at $2.50)
Return: 400%
Stop Target: $1.70 (Stop Limit)

Action: The Stop Limit at $1.70 has tripped on today’s pullback.

TherapeuticsMD (TXMD, $6.02, up $0.03)

TXMD December 7.50 calls (TXMD171215C00007500, $0.15, flat)

Entry Price: $0.95 (8/17/2017)
Exit Target: $1.90
Return: -84%
Stop Target: None

Action: Resistance is at $6-$6.25. Support is at $5.75-$5.50.