Normal
0
false
false
false
EN-US
X-NONE
X-NONE
/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin:0in;
mso-para-margin-bottom:.0001pt;
mso-pagination:widow-orphan;
font-size:10.0pt;
font-family:”Calibri”,”sans-serif”;}
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 we list one. We will send out a “Profit Alert” or “New Trade” if we want you to close a position OR if a new trade comes out. Otherwise, follow instructions at all times in the 9am and 1pm updates. Also, we will usually give you a heads-up if we think we are going to send an email outside of these time frames. Closed Trades for 2013: 49-33, including the Weekly Wrap that is 14-1).
12:25pm (EST)
NEW TRADE!!!
Solazyme (SZYM, $11.38, up $0.43)
Buy to OPEN June 12.50 calls (SZYM130622C00012500, $0.30, up $0.05)
Action: We like these calls at current levels and we want to add them to our current trade to play the push past $12.
Current Trades
Petrobras (PBR, $18.83, up $0.10)
June 20 calls (PBR130622C00020000, $0.25, flat)
Entry Price: $0.25 (5/17/13)
Exit Target: $0.50+
Return: 0%
Stop Target: None
July 20 calls (PBR130720C00020000, $0.45, flat)
Entry Price: $0.45 (5/17/13)
Exit Target: $1.00+
Return: 0%
Stop Target: None
Action: The 2-year chart is showing a possible run to $25 if $20 clears. Support at $18 but there is further risk down to $17 if this level fails to hold.
Beam (BEAM, $68.65, down $0.29)
June 72.50 calls (BEAM130622C00072500, $0.50, down $0.10)
Entry Price: $0.60 (5/16/13)
Exit Target: $1.20
Return: -17%
Stop Target: None
Action: Shares look poised to make a run past $70 as long as $66 holds. We will exit the trade if shares fall below $64.
Goodyear Tire & Rubber (GT, $14.76, up $0.02)
June 14 calls (GT130622C00014000, $1.10, flat)
Entry Price: $0.45 (5/16/13)
Exit Target: $0.90
Return: 144%
Stop Target: 75 cents (Hard Stop)
June 13 calls (GT130622C00013000, $1.90, flat)
Entry Price: $0.45 (5/14/13)
Exit Target: $0.90 (5/16/2013 closed half @ $1.05)
Return: 213%
Stop Target: $1.30 (Hard Stop)
July 13 calls (GT130720C00013000, $2.00, flat)
Entry Price: $0.60 (5/14/13)
Exit Target: $1.20 (5/16/2013 closed half @ $1.20)
Return: 167%
Stop Target: $1.70 (Hard Stop)
Action: None of our Hard Stops have been triggered and shares have bounced off their low. The 2-year chart is showing a run to $16, with a possible push to $17. Short-term support is at $14.
MGM Resorts International (MGM, $15.63, up $0.28)
July 17 calls (MGM130720C00017000, $0.35, up $0.05)
Entry Price: $0.40 (5/10/13)
Exit Target: $0.80
Return: -13%
Stop Target: None
Action: Short-term support is at $14.50 and we like this trade as long as it holds. We went with the July options to allow more time for shares to make a run at $20. A move above $16.50 would be bullish.
Yahoo (YHOO, $26.70, up $0.18)
July 28 calls (YHOO130720C00028000, $0.75, up $0.05)
Entry Price: $0.75 (5/8/13)
Exit Target: $1.50 (5/15/2013 closed half @ $1.20)
Return: 33%
Stop Target: 60 cents (Hard Stop)
January (2014) 31 calls (YHOO140118C00031000, $1.15, up $0.10)
Entry Price: $1.05 (5/8/13)
Exit Target: $2.10
Return: 10%
Stop Target: 50 cents
Action: Shares on on the verge of another breakout and could push $30 on continued momentum. Support at $24 has been solid and we like both trades as long as $22 holds.
Financial Select Sector Spiders (XLF, $20.04, up $0.09)
June 19 calls (XLF130622C00019000, $1.10, up $0.10)
Entry Price: $0.50 (5/8/13)
Exit Target: $1.00 (5/15/2013 closed a third @ 90 cents)
Return: 90%
Stop Target: 85 cents (Hard Stop)
Action: We would like to see $20 hold into the close. Support is at $18.50.
Clean Energy Fuels (CLNE, $13.84, up $0.19)
June 14 calls (CLNE130622C00014000, $0.50, flat)
Entry Price: $0.55 (5/6/13)
Exit Target: $1.10
Return: -9%
Stop Target: None
Action: We think a run to $15 is still in the mix and a close above $14 would be bullish. Support is at $12. The chart is showing shares are on the verge of a major breakout (or breakdown).
Solazyme (SZYM, $11.38, up $0.43)
June 10 calls (SZYM130622C00010000, $1.50, up $0.40)
Entry Price: $0.35 (4/25/13)
Exit Target: $0.70 (5/10/2013 closed a quarter @ 65 cents)
Return: 268%
Stop Target: None
Action: We are adding the June 12.50 calls at current levels to play the run past $12 and possibly up to $15.
Keryx Biopharmaceuticals (KERX, $8.18, up $0.14)
June 10 calls (KERX130622C00010000, $0.20, flat)
Entry Price: $0.70 (2/12/13)
Exit Target: $1.40
Return: -71%
Stop Target: None
Action: Keryx traded to a high of $8.75 last week and we are still looking for a close above $8.50 that should lead to another run to $10. Support is at $7.50 and if shares fall below this level we will close the trade.
Other 2013 Portfolio OPEN positions (0): These are trades that are still open in the portfolio but are down over 50%. They have longer expiration dates and are on “hold” but are not worth mentioning until they turn around. This means we would not open any new positions. We are still keeping track of the trades and we will record the results, accordingly, when we close them or if the options expire. Click on the 2013Portfolio link in the Members Area to view ALL open/ closed trades.
WATCH LIST SECTION
These trades are NOT recommendations. They are trades that we like but have not added to the portfolio as an official recommendation because of market conditions or because we are waiting for better entry prices. We try not to have more than 12-15 open trades at any one time which is why we created a Watch List. We will not list entry prices because these stocks are on the verge of breaking out or they could sell off but these are the trades we are watching as new candidates.
We will update this section in the morning.