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Home Depot Option Calls up 50%

Home Depot (HD, $29.33, up $1.26) had another big day Wednesday, rising 4.5% ahead of the August same-stores sales figures due out today. There are different opinions on what Home Depot’s numbers will be or how the market will react so let’s go over a few “educated guesses” in ourRead more

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Market Fails to Hold Tremendous Gains

The market opened with a bang on Tuesday as Wall Street got excited that Hurricane Gustav did not cause any significant damage or oil-supply disruptions over the holiday weekend. However, by the end of the day the Dow gave up a 250-point gain and ended the session down 26 toRead more

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McDonald's Update

McDonald’s (MCD, $62.91, up $0.91) soared with the market yesterday and here’s the quick update. The stock hit a high of $64.29 and still managed to close in positive territory despite the market giving back all of its gains. The September 65 calls (MCDIM, $0.60, up $0.25) could have beenRead more

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Google's Debuts "Chrome" Browser

Talk about fireworks. Google (GOOG, $465.25, up $1.96) came out like a rocket this morning after the debut of its Internet Chrome browser only to fizzle at the end. The stock was up 19 and change to $482 within the first 30 minutes of trading and briefly traded below Friday’sRead more

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McDonald's Could Surprise

The recent drop in McDonald’s (MCD, $62.00, down $0.85) stock price may have provided us an opportunity to go long. If you’ll recall, the shares hit a high of $67 on August 11, the next trading day after the Olympic opening ceremonies, and has proceeded to slide since. It wasRead more

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Gustav Weakens, Oil Drops

The stock market may have been closed Monday but that doesn’t mean there wasn’t some action in other markets. Hurricane Gustav was expected to have an impact on the market and oil either way but now that it has hit land and has weakened dramatically, it could be a blessingRead more

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Opening Bell/ Closing Trades

The market has just opened and the financial stocks look like they will be trading lower. I’ve been mentioning four trades that we have going and how they should be closed today. If you still believe these stocks may go higher then you could sell half of your positions andRead more

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Dell Disappoints

It doesn’t look like Dell (DELL, $25.21, down $0.42) is going to have a good Friday. After the bell, the company reported a 17% drop in earnings after lowering prices and taking some restructuring charges for the quarter. Dell earned $616 million, or $0.31 a share, versus $746 million, orRead more

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Citigroup, Wachovia Updates

Citigroup (C, $18.80, up $0.68) and Wachovia (WB, $15.73, up $1.18) continue to rally today as the Dow is up an impressive 171 points shortly after lunch. There’s no specific news concerning these two companies, they are just along for today’s ride. As we head towards the end of theRead more

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Fannie and Freddie Continue Surge

Fannie Mae (FNM, $6.48, up $0.86) and Freddie Mac (FRE, $4.75, up $0.78) each gained 15% and 20%, respectively, on Wednesday. After the closing bell, Fannie Mae restructured its management team as traders continue to ride the massive price swings of both stocks. This week alone, Fannie shares are upRead 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.