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Trade Updates – Tuesday, September 1, 2009

September 2009  |  Members 1:15pm (EST) UPDATE:  I am long the September 100 puts (QHBUT) at $1.25.   12:10pm (EST) I’ve been talking about First Solar (FSLR, $116.63, down $4.95) lately and I have been looking to do a strangle trade on the stock.  On Sunday night, the stock was at $124 and finishedRead more

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Checking In

2:00pm (EST) The Dow is struggling after starting off the morning in the green.  Intel (INTC, $20.25, up $0.78) got the ball rolling after the company raised  its sales forecast for the current quarter from $8.9 billion to $9.2 billion and Dell (DELL, $16.08, up $0.43) came in with better-than-expectedRead more

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Layered Trade in Citigroup

DryShips Dips Then Rips

10:30pm (EST) Timing is everything. Man, this market is fast moving and exciting isn’t it?  Good news, bad news, earnings hits and dips, jumpy oil and dollar currency movement.  Bernie has cancer (or not) and now Stanford has a “rapid” heartbeat.  Bernanke gets to run the show for a fewRead more

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AIG Now Pushing $50

12:45 pm (EST) Wow.  I knew last night/ this morning when I was writing the American International Group (AIG, $48.19, up $10.50) blog, I was thinking to myself… “this thing really could hit $50.”  Folks, there are no shares to short and the only play has been long for the pastRead more

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Subscription Page Updated With Pricing

We just updated our option picks subscription page with some pricing. Take a look if you are interested. We hope you feel it’s a good value for what you are getting. Please let us know if you have any comments at all. We really do want and need your feedback. WeRead more

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American International Group Could Hit $40

3:30am (EST) The early bird gets the worm… Last week I had moved American International Group (AIG, $37.69, up $3.72) to the top of the food chain (our Watch List) as the stock stood at $33.  Now, remember, AIG was at $13 at the beginning of the month.  On August 20th, hereRead more

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Momentum Options Going Live September 1st / Trade Updates

11:30pm (EST)   Folks, we are planning to launch our new option picks service by September 1st.  There will be more details coming soon.  We may limit the number of subscribers if the initial launch is oversubscribed.  We may do this because we don’t want our option trades to becomeRead more

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Human Genome Sciences Takeover Target?

12:30pm (EST) Human Genome Sciences (HGSI, $21.84, up $2.62) is up again today on more takeover chatter.  The stock made a move from $17 to $19 yesterday and I have been watching the option pits to see how serious this news is. I have profiled and discussed takeover stocks andRead more

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Wednesday’ Wake Up Call

9:25am (EST)   Bank of America (BAC, $17.75, up $0.40)   January 20 calls (BYOAT, $1.45, up $0.10)    Entry Price: $1.18 (8/12/09) Exit Target: $2.20, lower to $1.80 Return:  23% Stop: $1.20, raise to $1.25   Action:  BofA made another run to $18 and the call options traded as high as $1.58. Read 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.