MomentumOptionsTrading.com Profit Alert (RBS) for 8/14/2013

11:25am (EST)

We mentioned last week we had a few trades that would come down to the wire as August options expire this Friday. This trade was down 36% coming into the week but we believed in our chart work and said if shares could trip $10.50, we should be able to get out for a double-digit profit. Bingo.

Shares are up 3% to $10.77 and our options are now UP 36% as they are up nearly 88% on today’s move in the stock. While there could be further gains in our August calls, we are going to ring the register and take profits at current levels. We still have a position in the November call options so we will still benefit if shares continue higher.

This is our 12^th-straight winning trade since early July and we are in the process of building out our next batch of trades into September and October. The next 3 weeks could be special if we are correct on predicting the market’s next trend.

Subscribers, check the Members Area for the update and we will be back shortly with the Midday report.

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GOVERNMENT REGULATIONS REQUIRE DISCLOSURE OF THE FACT THAT WHILE THESE METHODS MAY HAVE WORKED IN THE PAST, PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. WHILE THERE IS A POTENTIAL FOR PROFITS THERE IS ALSO A RISK OF LOSS. A LOSS INCURRED IN CONNECTION WITH Momentum Options Trading, LLC CAN BE SIGNIFICANT. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CIRCUMSTANCE. THERE IS SUBSTANTIAL RISK IN TRADING. A LOSS INCURRED IN CONNECTION WITH FUTURES TRADING CAN BE SIGNIFICANT. WE MAKE NO CLAIM REGARDING PAST OR FUTURE PERFORMANCE. WE MERELY TRACK EVERY TRADE AND SHOW THE PERFORMANCE OF ALL TRADES THE SYSTEM OR NEWSLETTER PRODUCES. SIMULATED TRADING IS DIFFERENT THAN TRADING REAL MONEY. HYPOTHETICAL RESULTS ARE NOT REAL RESULTS. PLEASE CONTACT YOUR BROKER ABOUT THE RISK OR TRADING STOCKS, OPTIONS OR FUTURES. ALL COMMUNICATIONS ARE OPINIONS NOT ADVICE.

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MomentumOptionsTrading.com Profit Alert (RBS) for 8/14/2013

CFTC Disclosure: