Blog

Tuesday's Tidbits

9:00am (EST) Futures are actually positive this morning as I prepare this post for Tuesday’s Tidbits (my time is 1:30am now…). Pretty amazing since we got a 300-point drop on the Dow yesterday. A few updates. Amazon.com (AMZN, $77.57, down $0.48) dipped to a low of $76.83 on Monday andRead more

More

IBM Slips in After-Hours

5:30 pm (EST) It seems the bears are starting to like Monday’s and today was no different. In what has been a common theme for the last few weeks, Monday’s have been lower as the bears try to get a jump start on the week. I would say they didRead more

More

Dow Falls Below 8,000

10:40am (EST) Amazon.com (AMZN, $77.95, down $0.10) opened higher this morning after an upgrade but has given back most of its gains since. I mentioned in the Weekly Wrap last night to set limit prices of $1.30 on the May 90 calls (ZQNER, $1.43, up $0.05). The options opened atRead more

More

Weekly Wrap for 4/19/09

1. Commentary 2. Dendreon’s Next Move 3. Olin – Under the Radar 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary The market extended its winning streak to six straight weeks although the gains were marginal. Still, the streak was in jeopardy after theRead more

More

Pick Up Some More Dendreon!

10:20am (EST) Quick note. Thanks for all of the emails and success stories you shared with me on the Dendreon (DNDN, $17.33, up $0.30) trade. I had one person write me and said they made an $80 investment in a couple of April call options and the trade returned themRead more

More

Take-Two This Morning

9:15am (EST) It looks like another busy day today… Take-Two Interactive Software (TTWO, $9.86, up $0.45) has done well for us this week and made a stong push towards $10 in the afternoon yesterday. The stock has gained over 15% since last Thursday’s closing price of $8.40 but as youRead more

More

News Flash: Google Beats, Shares Flat

6:50pm (EST) Google (GOOG, $388.74, up $9.24) turned in another great earnings report after the closing bell but shares have now turned lower after hitting $410 in after-hours trading. Shares are currently down over $1 to $387.25 as I write this… That doesn’t bode well for Friday’s opening bell butRead more

More

Googs Update

1:30pm (EST) Google (GOOG, $390.13, up $10.63) is up 3% today and I wanted to update the two trades that I have been profiling. The April 420 calls (GOPDD, $4.00, up $1.05) are up 35% today and have now returned 150% from entry prices of $1.45. The April 400 callsRead more

More

Next Week's Secret

12:05pm (EST) With all of the attention being focused on the financials this week, nobody is looking ahead to a huge event happening Monday. International Business Machines (IBM, $99.95, up $1.10) will be reporting earnings and I think they are going to produce a huge quarter. The problem this weekRead more

More

JPMorgan Up Pre-Market/ Google On Deck

9:20 am (EST) This has been “cheap out-of-the-money option and earning expiration trade week” and it only happens four times a year. I like to consider these four times a year events like going to Las Vegas or Atlantic City. These options trades have been no different than playing $50Read more

More

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.