MomentumOptions.com Mid-Market for 2/20/2018
Earnings for the Week/ Profit Alert (ORCL)
1:05pm (EST)
There are a number of companies reporting numbers this week as 4Q earnings season starts to wind down over the next month or so. Here is a quick look:
Tuesday
After the close:merican Water Works (AWK), Boyd Gaming (BYD), Cardtronics (CATM), Devon Energy (DVN), Fluor (FLR), Halozyme Therapeutics (HALO), La-Z-Boy (LZB), Public Storage (PSA), Rent-A-Center (RCII), TherapeuticsMD (TXMD), Vectren (VVC)
Wednesday
Before the open: Advance Auto Parts (AAP), Avista (AVA), Delphi Automotive (DLPH), DISH Network (DISH), Garmin (GRMN), Innophos (IPHS), Owens Corning (OC), Ruth’s Hospitality Group (RUTH), Tile Shop Holdings (TTS), United Therapeutics (UTHR), Vonage Holdings (VG), Wex (WEX)
After the close: Alleghany (Y), Avis Budget Group (CAR), Boston Beer Company (SAM), Cheesecake Factory (CAKE), Cyrus One (CONE), Five9 (FIVN), Green Dot (GDOT), Interface (TILE), Jack in the Box (JACK), Kaiser Aluminum (KALU), Life Storage (LSI), Masonite International (DOOR), Pandora Media (P), Quidel (QDEL), Roku (ROKU), SandRidge Energy (SD), Sun Communities (SUI), Sunoco (SUN), Trex (TREX), Ultra Clean Holdings (UCTT), Wendy’s (WEN)
Thursday
Before the open: ACI Worldwide (ACIW), Apache (APA), Bloomin’ Brands (BLMN), Chesapeake Energy (CHK), Gibralta Industries (ROCK), Gildan Activewear (GIL), Gogo (GOGO), Hormel Foods (HRL), Lending Tree (TREE), Newmont Mining (NEM), Sanderson Farms (SAFM), Shutterstock (SSTK), Tempur Sealy (TPX), Toro (TTC), Unit (UNT), Wayfair (W), Zebra Technologies (ZBRA)
After the close: Air Lease (AL), BJ’s Restaurants (BJRI), Edison International (EIX), Exact Sciences (EXAS), First Solar (FSLR), GoDaddy (GDDY), HerbaLife (HLF), Hewlett Packard Enterprises (HPE), HP (HPQ), Intuit (INTU), KBR (KBR), MercadoLibre (MELI), Nordson (NDSN), Planet Fitness (PLNT), Redfin (RDFN), Trade Desk (TTD), Wingstop (WING), Zoe’s Kitchen (ZOES)
Friday
Before the open: AdvanSix (ASIX), Cabot Oil & Gas (COG), Cinemark (CNK), Eversource Energy (ES), Huntsman (HUN), LifePoint Hospitals (LPNT), Pinnacle Entertainment (PNK), Potbelly (PBPB), Royal Bank of Canada (RY), TC PipeLines (TCP), Venator Materials (VNTR), WP Carey (WPC)
Some of the stocks that I believe will make the biggest moves are GRMN, CAKE, GDOT, JACK, SSTK, W, FSLR and TTD. I have traded some of these names over the years and I’m looking at GDOT, SSTK, TTD options as possible plays over the next few days. There are also other trades I like better that don’t involve the added risk of an earnings announcements. Either way, if I take action, I will send out an alert.
As far as the market, the Dow is down 89 points to 25,129 while the S&P 500 is up 2 points to 2,734. The Nasdaq is higher by 48 points to 7,288 and the Russell 2000 is off less than a point to 1,543.
I have updated our current trades, including a Profit Alert for ORCL, so let’s go check the tape.
Momentum Options Play List
Closed Momentum Options Trades for 2018: 6-5 (55%). All trades are dated and time stamped for verification. New subscribers can look at the past history to see how the trades have played out or to research our Track Records.
Do not risk more than 5% of your trading account on any one trade but do try to take all of the trades. Please remember, all “Exit Targets” and “Stop Targets” are targets. You should not have any “Hard Stops” entered to close any trades or “Exit Orders” in your brokerage account unless I list one. I will send out a “Profit Alert” or “New Trade” if I want you to close a position or if a new trade comes out. Otherwise, follow instructions at all times in the 8am and 12pm–2pm (EST) updates. Also, I will usually give you a heads-up if I think I’m going to send a Trade Alert outside of these time frames.
Oracle (ORCL, $50.21, down $0.50)
ORCL March 50 calls (ORCL180316C00050000, $1.50, down $0.35)
Entry Price: $1.10 (2/15/2018)
Exit Target: $2.20 (Limit Order on half)
Return: 45%
Stop Target: $1.60 (Stop Limit)
Action: The Stop Limit at $1.60 has tripped on today’s pullback with the high at $1.68.
Bank of America (BAC, $32.06, up $0.09)
BAC March 33 calls (BAC180316C00033000, $0.30, flat)
Entry Price: $0.50 (2/15/2018)
Exit Target: $1.00
Return: -40%
Stop Target: None
Action: Lowered resistance is at $32-$32.25. Support at $31.75-$31.50.
Intel (INTC, $46.56, up $1.00)
INTC April 46 calls (INTC180420C00046000, $2.40, up $0.65)
Entry Price: $1.28 (2/14/2018)
Exit Target: $2.60
Return: 91%
Stop Target: $1.65 (Stop Limit)
Action: Fresh resistance at $46.75-$47. Rising support at $46.25-$46.
Viavi Systems (VIAV, $9.88, down $0.05)
VIAV March 10 calls (VIAV180316C00010000, $0.30, flat)
Entry Price: $0.45 (2/6/2018)
Exit Target: $0.90
Return: -33%
Stop Target: None
Action: Support is at $9.75-$9.50. Resistance is at $10.