Category Archive for ‘Option Trades’

January 7, 2009

Opening View

by Rick Rouse / No Comments / Posted in Option Trades, Daily Update

The market is starting off the session with a triple-digit loss. The Dow is down 109 points to 8905 after a worse-than-expected ADP employment report. The futures were pointing toward a slightly higher start but that early morning sentiment was dashed once the news hit Wall Street. The report whichRead more

January 6, 2009

Imax Shares Rising

by Rick Rouse / No Comments / Posted in Option Trades, Daily Update

Imax (IMAX, $4.95, up $0.42) is up another 10% today as we head into the final hour of trading. The stock has been in a steady uptrend since an update from December 3. At the time, I had listed several Movie/ Entertainment stocks to keep an eye on but likedRead more

January 6, 2009

Casino Stocks Rally

by Rick Rouse / No Comments / Posted in Daily Update, Sectors, Company Commentary, Option Trades

Two months ago I mentioned the rally that the casino stocks had enjoyed for a few weeks and we made some great trades during that time frame going long. However, many of our trades were stopped out as the sector fell out of favor with Wall Street and the casinoRead more

January 5, 2009

Trade Updates

by Rick Rouse / No Comments / Posted in Daily Update, Option Trades

Alcoa (AA, $11.86, down $0.25) opened lower and struggled all day to stay in positive territory. The company will report earnings next Monday, January 12. The Alcoa January 10 calls (AAAB, $2.23, down $0.09) had a stop of $2 which was hit today. These calls could have been entered onRead more

January 5, 2009

Steve Jobs Speaks, Market Listens

by Rick Rouse / No Comments / Posted in Daily Update, Apple, Option Trades

Apple’s (AAPL, $93.11, up $2.36) CEO Steve Jobs spoke about his health this morning and the stock has rebounded sharply. The stock was lower in pre-market trading but turned positive when he responded to the market’s worries about his health. Unfortunately, stocks do trade on the health of a company’sRead more

January 4, 2009

2008 – A Year Hit By A Truck

by Rick Rouse / No Comments / Posted in Market Analysis, Strategies, Watch Lists, VIX, Oil, Option Trades, Company Commentary, Daily Update, Sectors

Index 1. Commentary 2. Financial Sector Takes a Beating 3. Options Versus Stocks 4. Current Trade Updates 5. Alcoa and Caterpillar 6. Schlumberger 7. Volatility Index 8. Mortgage Rates Drop Like A Rock 9. Closing Thoughts ************************************************** 1. Commentary Out with the old, in with the New Year. Wall StreetRead more

December 31, 2008

Schlumberger Update

by Rick Rouse / No Comments / Posted in Daily Update, Option Trades

Schlumberger (SLB, $42.82, up $0.70) is trading higher as we head towards the closing bell. The stock has traded as high as $43.37 as the Dow is having a strong day. The 160-point gain to 8828 should put the Dow in positive territory for the month if the gains hold.Read more

December 30, 2008

A Play On Oil

by Rick Rouse / No Comments / Posted in Daily Update, Oil, Option Trades

Oil is hovering around the $40-a-barrel mark and there seems to be some sentiment that it could be headed higher. Israel has said its attacks on Hamas in Gaza will not be complete until Hamas is completely eliminated. I’m not a big fan of the oil stocks because they canRead 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.