Category Archive for ‘Weekly Wrap Premium’

Trade Update (AMZN)

I wanted to provide a quick update on one of the current trades ahead of the weekend.

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Trade Update (AMZN)

The spending spree at Amazon.com (AMZN) continues at all costs, literally, as the company reported a wider-than-expected loss for the quarter. It was nearly a given that they would come in with heavier losses, but investors are starting to tire of its massive investments and disregard to become a consistently profitable company.

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Trade Update (AMZN)

I wanted to provide a quick update on our Amazon.com (AMZN, $315.47, up $0.14) trade from this morning ahead of the earnings announcement on Thursday, Oct. 23, after the close.

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New Strangle Option Trade (AMZN)

Buy to open the AMZN November 360 calls (AMZN141122C00360000, $2.10, up $0.80).
Buy to open the AMZN November 260 puts (AMZN141122P00260000, $1.95, down $0.60).

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New Trade (FLEX)

Buy Flextronics International (FLEX, $9.12, up $0.17).

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New Trades (ARUN, BAC)

Buy Aruba Networks (ARUN, $19.24, down $0.20).

Sell to open the ARUN November 20 calls (ARUN141122C00020000, $1.20, down $0.15).
Buy Bank of America (BAC, $16.23, up $0.15).

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Stop Triggered on Vanguard Natural Resources (VNR)

Stop triggered on Vanguard Natural Resources (VNR).

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New Sell: Hercules Offshore (HERO)

Stop Limit triggered on Hercules Offshore (HERO).

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Profit Alert: Discovery Laboratories (DSCO)

Take profits and sell to close Discovery Laboratories (DSCO) – Stock Trade

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Profit Alert (AVNR)

Stop Limit triggered on Avanir Pharmaceuticals (AVNR).

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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.