| Closed Momentum Options Trades for 2026: 29-7 (81%, 8 triple-digit winners); 2025: 55-20 (73%, 17 triple-digit winners); 2024: 77-17 (82%, 38 triple-digit winners); 2023: 34-11 (76%, 8 triple-digit winners). Overall: 195-55 (78% win rate) 70 triple-digit winners. Please remember, all “Exit Targets” and “Stop Targets” are targets. You should not have any “Stops” entered to close any alerts or “Limit Orders” in your brokerage account unless we list one. We will send out an “Alert” or “New Alert” if we want you to close a position or if a new position comes out. Otherwise, follow instructions at all times in the updates on Monday’s and Thursday’s along with Text Alerts and videos throughout the week. |
Text Alerts (Telegram):Velocity Options: https://t.me/+uzxYHX8YEh85MzYxSpecial Notice: Our Price targets for the major indexes from April have been in play for a few weeks and we will talk more about this on Monday. All of the directional Alerts since early February have been bullish call options. In fact, we have only issued two bearish put option Alerts all year.Calling market tops and bottoms is never easy and why we do the chart work daily. For the talking heads and even the slick talking pros, we have proven you can call market tops and bottoms with pretty good accuracy, if you do the homework.With that said, we are starting to build a Watch List for bearish setups that will take us into August and September. We are still looking at bullish setups for our next “batch” of trades but we are closing a few current setups. In some cases, we will leave a few bullish positions open, but we want to be very nimble over the next few weeks and into earnings season.Since March 10th, the portfolio is 17-3 and right now above an 80% win rate. We also closed THREE triple-digit winners in May (413%, 167% and 131%) and we have eight for the year. While we could keep some of these Alerts that we are closing – open, we feel it’s best to move on. There are rare occurrences where an option Alert that is down -80% can rebound, but most of the time they don’t, especially if the chart has flipped.We will still have an incredible Track Record and win rate after consolidating the portfolio. Everyone knows our hate for losing Alerts, but let’s get these off the books. It is doubtful we have New Alerts today as the market is closed on Friday. The three-day weekend will have a slight impact on time premium so let’s see how the dust settles after Thursday’s close and get ready for a busy summer. Also, watch the VIX on Thursday, as a close above 20-22 could be a near-term bearish signal for the market. Cleveland-Cliffs (CLF, $12.68, down $0.59)Option: CLF July 16 callsExpiration Date: July 17th, 2026Entry Option Price: $0.45 (6/11/2026)Current Option Price: $0.25Exit Target: $0.90Return: -44%Stop Target: Exit if shares fall below $12 Action: Key resistance at $14.25 held by a penny on Monday trip to $14.24. We could have taken a slight profit but decided to leave this Alert open to give it some wiggle room. However, if shares fall below key support at $12, EXIT the Alert. If that happens today, EXIT the Alert.A golden cross remains in play so this remains bullish. If shares clear $14.25, we can look to reenter CLF with August options, if the Alert is stopped out today.  Snap (SNAP, $4.74, down $0.42)Option: SNAP September 7 callsExpiration Date: September 18th, 2026Entry Option Price: $0.55 (6/1/2026)Current Option Price: $0.20Exit Target: $1.10Return: -64%Stop Target: None Action: Wednesday’s low hit $4.70 with upper support at $4.75-$4.50 failing to hold by a penny. Resistance is at $5.25-$5.50 and the 50-day moving average.We said we liked this Alert as long as $4.50 held going forward. The September options have 92 days before expiration so we are likely going to let this one ride over the summer. We don’t have a Stop Limit in place and we will reevaluate the Alert if shares do fall below $4.50.Since 2023, we are 11-0 doing covered calls on SNAP and 8-2 doing directional Alerts, calls and puts. We have a love/ hate for the stock because revenue is always solid, but earnings are erratic and why it remains in the single-digits. However, it is a great stock to trade in various ways so let’s see how this interesting story unfolds.The company announced it will selling some expensive AI glasses to the tune of $2,195.  Richtech Robotics (RR, $2.08, up $0.01)Option: RR July 5 callsExpiration Date: July 17th, 2026Entry Option Price: $0.30 (5/27/2026)Current Option Price: $0.05Exit Target: $0.60Return: -83%Stop Target: None Action: EXIT today to save the remaining premium.We liked this Alert ahead of the company’s earnings update back in late May and with shares near $3.25 and on the verge of a breakout. We mentioned the company delayed the report and now we know why – accounting errors.We were expecting a possible earnings surprise and an update on their partnership with Microsoft. We also said Richtech would be in the news this week doing a robotic show. Shares haven’t budged either way and why we are moving to the sidelines. Plug Power (PLUG, $2.65, down $0.06) Option: PLUG July 4.5 callsExpiration Date: July 17th, 2026Entry Option Price: $0.44 (5/26/2026)Current Option Price: $0.06Exit Target: $0.90Return: -86%Stop Target: None Action: EXIT today to save the remaining premium. The 50-day moving average is starting to rollover and shares have fallen out of their uptrend channel. If shares recover $3.50 over the summer, we will take another look. Rocket Companies (RKT, $13.22, down $0.70) Option: RKT July 17 callsExpiration Date: July 17th, 2026Entry Option Price: $0.50 (5/26/2026)Current Option Price: $0.15Exit Target: $1.00Return: -70%Stop Target: Exit if shares fall below $12 Action: Key resistance at $14.50 and the 50-day moving average held on the run to $14.39. After the Fed news, upper support at $13-$12.75 was tripped but held.Let’s keep this Alert open into next week and possibly July as short-interest remains elevated.  |