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Amgen Aching

Amgen (AMGN, $50.08, down $1.15) is no stranger to the blog and we recently closed a trade on some call options back on 2/11. I had profiled the March 60 calls (YAACL, $0.07, down $0.09) back on 2/2 and at the time they were going for $1.20. Amgen went onRead more

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Market Bends But Doesn't Break…Yet

The market has held up well despite what the futures were telling us this morning. Before the opening bell, S&P futures were lower by 17.50 while the Nasdaq futures were down 15.50 which meant a nasty open. This after negative headlines concerning the government and its $25 billion stake inRead more

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Trade Updates: AZO, BAC, IBM, SWY

Not much has been happening with AutoZone (AZO, $141.08, down $2.80) since I profiled the stock on Tuesday. The March 160 calls (AZOCL, $1.50, down $1.50) were at $2.30 and the March 130 puts (AZOOF, $3.80, down $0.80) were at $3.90. My initial hopes were that the stock would haveRead more

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Safeway Sinks/ IBM Moving

The trade in Safeway (SWY, $18.54, down $2.58) is paying huge dividends this morning. I did a write-up yesterday around noon and talked about the company’s earnings with the possibility of buying put options ahead of this event. Most pros will tell you these are the riskiest of trades butRead more

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Is Safeway Safe?

I’ve been thinking of doing a trade on Safeway (SWY, $21.13, up $0.62) with earnings due out on Thursday before the bell. For those of you new to the blog, buying options specifically on an earnings announcement is a dangerous game but one I like to dabble in. There areRead more

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NewsFlash: First Solar Gets Whacked in After-Hours

I mentioned in the Weekly Wrap on Sunday night that I was watching First Solar (FSLR, $137.68, up $12.84) as a possible trade. I watched the March 150 calls (HJQCJ, $7.40, up $2.50) open at $5.20 and I wanted to jump on them if they got below $5 but theirRead more

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Research In Motion Stopped Out

Research In Motion (RIMM, $38.99, up $1.57) is up 4% today and has made a run back to $40. This morning, I sent out a blog before the market opened to make sure that you set stops on the RIMM positions to protect your profits. I had mentioned to alsoRead more

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AutoZone in the Zone

AutoZone (AZO, $143.60, up $1.72) continues to defy critics as its stock races towards fresh 52-week highs. On Monday, the stock hit a high of $148.50 on a day the Dow tanked 250 points. I know people are holding off buying new cars but is AutoZone’s benefiting that much? WeRead more

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Dow Falls 250

The Dow took another step closer to falling below 7,000 yesterday as bears took control of the market shortly after the opening bell. The market started off in positive territory following word the government may help Citigroup (C, $2.14, up $0.09) but the rally was short-lived. The Dow dropped 250Read more

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General Electric Hitting New Lows

General Electric (GE, $8.90, down $0.48) continues to set new 52-week lows after falling below $10 last week. Wow. It is really hard to believe this stock is in the single digits. The stock is getting so cheap to where it can be actually be traded but option traders areRead 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.