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Time to Go Shopping

12:30pm (EST) USEC (USU, $6.30, up $0.15) was profiled at $5.84 Tuesday and I’m starting to warm up to the play.  The August 7.50 calls (USUHU, $0.52, up $0.02) were added to our Watch List at 41 cents and obviously had a good day yesterday as they are 33% higher.  I like entry pointsRead more

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Another One Bites the Dust?

10:00am (EST) I was jamming to Queen’s classic hit song on my iPod last night and started wondering if Wall Street was doing the same for another company that might be taking a tombstone in the corporate graveyard.  The New York Stock Exchange (NYSE) halted shares in CIT Group (CIT,Read more

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Early Bird Special, Thursday’s Outlook – Sunny?

8:00am (EST)   Two words for today.  IBM (IBM, $107.22) and Google (GOOG, $438.17).  But before we get to that I’m going to take you through the woods.   Being an option trader is THE best job in the world folks and I got interested in the stock market whenRead more

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IBM Call Options Double Heading Into Earnings

Intel (INTC, $18.05, up $1.22). Even better was the fact that the company also issued higher guidance for the third quarter. The news carried the entire Tech sector higher as it outpaced the other indexes by gaining 3.5%. The Nasdaq finished at 1,862, up 63 points for the day. TheRead more

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IBM Trade Update

12:45pm (EST) IBM (IBM, $106.47, up $3.22) has been strong all day and we have some decent gains in the two trades I profiled this morning. The IBM July 105 calls (IBMGA, $2.55, up $1.55) opened at $1.65 and were right there 15-20 minutes later.  The trend was confirmed andRead more

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It's All About Intel

9:20 am (EST) Intel (INTC, $18.07, up $1.24) is powering the futures higher after beating Wall Street estimates by 10 cents.  The Chip sector will be strong today.  Dow futures are up 92 which should translate into a strong open. Bank of America (BAC, $13.22, up $.31) is also higherRead more

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Market Ends Higher; Yum, Intel Updates

10:20 PM (EST)   Wall Street had a positive day but you gotta have that feeling that the bulls stomachs feel just a little empty.  There was all sorts of good little nuggets that were fueling the bulls fire such as the Goldman Sachs (GS, $149.66, up $0.22) numbers, PPIRead more

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Tuesday's Tidbits

9:15am (EST) We have a lot going on this morning and most of the news coming out before the bell has been positive.  This has helped lift futures which are pointing to a slightly higher open. Of course, all eyes have been on Goldman Sachs (GS, $149.44) which absolutely crushedRead more

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Next Week's News

12:20pm (EST) With the weekend coming up, it’s always good to plan ahead. Alcoa (AA, $9.20, down $0.02) may have “unofficially” opened earnings season this week but as Thin Lizzy would say…The Boys are back in town, again…. Goldman Sachs (GS, $142.60, down $0.61) will “unofficially” kick off earnings forRead more

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AIG Takes a Beatdown

8:30pm (EST) One of my favorite trades is the “history repeats itself” trade. These are trades on stocks that you actively follow and you know how to play them on the way up AND on the way down. One such trade that has fit that bill again is American InternationalRead more

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CFTC Disclosure:

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.

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.