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American Express Surprises

American Express (AXP, $25.58, up $1.23) is having a decent morning after reporting earnings that fell year over year but still beat Wall Street’s expectations. After the bell Monday, the company said profits came in at $815 million for the quarter, or $0.74 a share, versus $0.94 a year ago.Read more

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Apple Could Surprise

We have a big week of earnings and Apple (AAPL, $97.26, down $0.14) will get things rolling on Tuesday. The stock hit a low of $85 on October 10 and rebounded to $116 a few days later which shows that the volatility can be extreme. There are various opinions onRead more

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Chesapeake Energy Perking Up

Chesapeake Energy (CHK, $22.32, up $1.85) is rebounding this morning following this month’s sell-off. There are numerous factors that have brought the stock down from $35 to a low of $11.99 but investors seem to be building positions in hopes of a recovery. One of the biggest reasons for theRead more

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Lottery Portfolio Update

Here’s an update from the lottery plays I profiled last Monday: Entry Exit Current Action Expiration Microsoft (MSFT, $23.93) April 25 calls (MSQDE) $2.35 $2.90 $3.00 Hold 4/17/09 Google (GOOG, $372.54) March 500 calls (GOPCO) $11.50 $15.00 $17.00 Hold 3/20/09 Yahoo (YHOO, $12.90) January 17.50 calls (YHQAW) $1.30 $1.20 BuyRead more

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Google Goes Wild

Google (GOOG, $353.02, up $13.85) turned in a fantastic report card after the bell on Thursday. The company beat Wall Street’s expectations by announcing earnings of $1.35 billion for the third quarter, up 26% from a year ago. Earnings per share were $4.92, which was 17 cents above estimates ofRead more

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Breaking News: Yahoo Jumps on Microsoft Comments

Like Ike and Tina Turner, Microsoft (MSFT, $22.72, up $0.06) and Yahoo (YHOO, $13.39, up $1.64) can’t seem to stay away from each other. It seems Microsoft’s CEO, Steve Ballmer was quoted as saying a Microsoft acquisition of Yahoo would still “make sense economically.” I’ll bring you more on theRead more

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Google Option Strangle Update

Google (GOOG, $323.66, down $15.51) and 24 hours later the trade is showing a 30% profit. Google is set to announce earnings after the bell so we can expect more volatility. The October 400 calls (GOPJT, $2.40, down $1.60) were at $5.10 and the October 290 puts (GGDVR, $9.00, upRead more

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Market Stumbles Once Again

After taking one big step forward, the market took two steps back on Wednesday as the Dow fell 733 points, or 7.9%, to close at 8,577. Of course, we are not surprised because we have been preparing for it. Yesterday’s downfall was blamed on bad retail sales data as SeptemberRead more

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What We're Watching

The market is down halfway through the session and Bernanke is on deck and should be speaking any minute now. The Dow is down 324 points to 8,987. It’s frustrating to see the market down for those who are bullish but be patient. The sledding will be choppy but untilRead more

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Johnson & Johnson Shines

Johnson & Johnson (JNJ, $64.00, up $1.32) announced earnings on Tuesday which helped the stock extend its gains from Monday. The company reported earnings of $3.3 billion, or $1.17 a share, up from $2.6 billion, or $0.88, in the year-ago period. Revenue increased over 6% to $15.9 billion versus $15Read 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.