Category Archive for ‘Rick’s Account’

May 15, 2009

Las Vegas Sands Alert

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

1:05pm (EST) The Las Vegas Sands (LVS, $9.32, down $0.11) September 12.50 calls (LVSIC, $1.80, down $0.22) have fallen below $2.00 which is what we were hoping for. The stock got a big pop at the open after saying it may do an IPO next month on its Macau assets.Read more

May 10, 2009

Weekly Wrap for 5/10/09

by Rick Rouse / No Comments / Posted in Momentum Stocks Weekly, Option Trades, Rick's Account, Weekly Wrap RR

1. Commentary 2. Breaking Down a GE Trade 3. Blackstone Group Revisited 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Even Alan Parsons would wonder “where do we go from here”… The market continued it solid uptrend last week after getting off toRead more

May 8, 2009

GE Regains Strength

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

1:15pm (EST) General Electric (GE, $14.50, up $0.54) has turned around and the May 15 calls (GEWEH, $0.20, up $0.09) are up 75% from where I mentioned them a couple of hours ago. You could set stops at 17 cents. A 25 contract trade would net you $200 right nowRead more

May 8, 2009

Freaky Friday

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

3:00am (EST) I was up late last night working on a few trades that I might deploy this morning when the market opens. I rarely do these types of trades but I wanted to show you another aspect of option trading that occurs every single day that most people neverRead more

May 7, 2009

Bank Of America Breaks $15

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

11:20am (EST) Bank of America (BAC, $14.60, up $1.91) touched $15 earlier this morning and the June 13 calls (BYOFM, $3.10, up $1.38) have added another 80%. These call options opened at $1.15 yesterday and have shot to the moon. Sell half now. I took advantage of the action inRead more

May 7, 2009

Thursday Wake-Up Call

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

9:20am (EST) The financials stocks rallied yesterday and one particular trade we had on our Watch List was a play on Bank of America (BAC, $12.69, up $1.85). The stock gained 17% but the June 13 calls (BYOFM, $1.72, up $0.78) soared 83%. I mentioned they could have a “huge”Read more

April 29, 2009

Leaving on a Jet Plane

by Rick Rouse / 1 Comment / Posted in Rick's Account, Daily Update, Option Trades

11:00am (EST) I’m heading out on vacation so here is the breakdown on all of the current trades and what actions to take: Dendreon (DNDN, $25.05, up $13.24) May 25 calls (UKOEE, $2.50, up $1.60) Entry Price: $1.25 (4/17/09) Exit Price: (open) sold half at $3.75 on (4/28/09) August 10Read more

April 29, 2009

Time to Capitalize

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

9:00am (EST) Dendreon (DNDN, $27.86, $16.05) is up 135% this morning after trading higher in last night’s after-hours market. The shares were opened for trading shortly after 6pm and hit a high of $27.50 before settling at $25.75. It has been another wild ride but those who have shorted theRead more

April 28, 2009

Dendreon Update

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

2:45pm (EST) Here is the latest on Dendreon (DNDN, $11.81, down $1.84): **4.1 month median extended survival rate **Increased 3-year survival rate by 38% versus placebo **22.5% reduction in risk of death In other words, Dendreon delivered the goods. I’ve been mentioning the drop in the stock price but IRead more

April 28, 2009

Dendreon Halted

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

1:45pm (EST) Dendreon (DNDN, $11.81, down $1.84) was halted at 1:30pm and I’m working hard to see get the breakdown on the drop in the stock. The last quote I got was $11.81 for the stock per my brokerage account, and $12.75 on another financial website. It could be theRead 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.