Posts Tagged ‘DryShips’

Quadruple Witching Hour

1:00pm (EST)   The bulls are looking to close out the week with another win and Dow 10,000 will be the next playoff victory.  The Dow is up 27 points to 9,810 and has hit a high of 9,845.  I thought we would see more volatility due to quadruple witchingRead more

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DryShips Dips Then Rips

10:30pm (EST) Timing is everything. Man, this market is fast moving and exciting isn’t it?  Good news, bad news, earnings hits and dips, jumpy oil and dollar currency movement.  Bernie has cancer (or not) and now Stanford has a “rapid” heartbeat.  Bernanke gets to run the show for a fewRead more

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Fireworks After The Bell

1:00pm (EST) The bulls seem to be on vacation this week and the ones left behind are trying to hold Dow 9,000.  The market is holding up well despite the lack of momentum which is a good sign.  There are still political and economic risks to this market and I mentionedRead more

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Wednesday’s Wake-Up Call

9:00am (EST)   Futures are pointing towards a negative open after Durable Goods orders came in lower than expected.  Dow futures are down 38, S&P 500 index futures were down 6, while Nasdaq futures were down 7.    I mentioned the bulls were trying to hold Dow 9,000 and with earningsRead more

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Buffalo Pops, USEC Drops

1:00 pm (EST) The bulls are struggling to extend yesterday’s gains as the Dow is currently down 67 points to 9,041.  There is a bevy of news, some good, some bad.  Most of our positions are holding up well and the bulls still appear as if they want to hold Dow 9,000. Read more

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Futures Pointing Towards Lower Open

9:25am (EST) Ahead of the opening bell, Dow futures are lower by 50, or 0.5%, to 9,024.  The S&P 500 index futures are down 7, or 0.7%, to 973, while Nasdaq futures are off by 9, or 0.6%, to 1,590.  This equates to about a 40 or 50 point loss for the DowRead more

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Busy Day At The Office

10:45pm (EST)   What a busy day it was for option traders.  I threw a ton of trades at you this morning plus the ones we have going on.  It was good to see the bulls show up as all three indexes managed to end the session in the green afterRead more

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DryShips Options Hit Pay Dirt

11:15am (EST) DryShips (DRYS, $6.74, up $0.51) is having a huge day, rallying 7%, ahead of Friday’s earnings announcement.  Here are the trades I profiled from last Tuesday: August 7 calls (OOCHJ, $0.50, up $0.20) Entry Price: $0.25 (7/21/09) Exit Price: $0.50 Return: 100% Stop: None September 7.50 calls (OOCIU,Read more

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Weekly Wrap for 7/26/09

1. Commentary 2. Green Mountain Coffee Roasters Brewing Big Gains 3. Earnings 4. Current Trades & Closed Trades 5. Monday Morning Playbook 6. Closing Thoughts ************************************************** 1. Commentary The market continued its upward momentum last week after a wave of better-than-expected earnings helped pushed the Dow over 9,000. Nearly halfRead more

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Updated Trade Format

I have taken your requests and have tweaked how I’m going to profile the trades we are currently following and for the new ones down the road.  I use to do it this way in the Weekly Wrap but have added a few features.  As always, keep the comments andRead more

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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.