Posts Tagged ‘General Electric’

GE, Baidu.com Breaking Out

12:30pm (EST) General Electric (GE, $16.68, up $0.68) is rolling this week.  The stock opened Mondayat $14.55 and closed yesterday at $16.  Today’s 4% pop is shows the stock’s momentum after passing hitting the $16 level and shares look poised to run to $17 where there is resistance.  Volume is thru the roof as 113 millionRead more

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Gold Breaks Four Figures

9:10am (EST) Gold has toped the $1,000 an ounce level this morning as it is up $11 to $1,007.  Futures are pointing towards a big open.  Dow futures are up 80 to 9,497, S&P 500 futures are up 10 to 1,024 while Nasdaq 100 futures are up 14 to 1,650. Oil isRead more

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Weekly Wrap for 5/10/09

GE Regains Strength

Diary of an Option Trader

11:15am (EST) The unemployment numbers really threw a monkey wrench in this morning’s trading plan and despite the Dow’s best efforts, we have slipped off of our highs. The unemployment rate jumped again, to 8.9% from 8.5%, as many businesses continue to be cautious from hiring. Selected areas are pickingRead more

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Weekly Wrap for 3/8/09

1. Commentary 2. Bounce or No Bounce? 3. Apollo Group Heads Lower 4. Earnings 5. Current Trades 6. Monday Morning Playbook (Take-Two) 7. Closing Thoughts ************************************************** 1. Commentary The market took another pounding for the week as all three indexes lost between 6%-7%. There was a flurry of expected andRead more

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News Flash: GE Opens Above $7, Now Below $6

We got a huge break with the General Electric (GE, $5.97, down $1.04) put options I mentioned last night. The March $7.50 puts (GEWOU, $1.57, up $0.52) opened at $1.03 and traded as low as 91 cents this morning. The April 6 puts (GEWPC, $1.16, up $0.31) opened at 82Read more

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GE Continues to Plunge

I knew General Electric (GE, $7.01, down $0.59) was in trouble when it fell below $10 a couple of weeks ago. Last week, we did a quick two-day trade in the March 7.50 puts (GEWOU, $1.05, up $0.25) where we got in at 55 cents and out at 70-72 cents.Read more

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Weekly Wrap for 3/1/09

1. Commentary 2. “Covering” General Electric 3. Earnings 4. Closed Trades 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary The market is at a crossroad and after a week that saw the Dow bend but not break, we could get a clear direction this week.Read more

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General Electric Hitting New Lows

General Electric (GE, $8.90, down $0.48) continues to set new 52-week lows after falling below $10 last week. Wow. It is really hard to believe this stock is in the single digits. The stock is getting so cheap to where it can be actually be traded but option traders areRead 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.