Posts Tagged ‘options expiration’

Options Market Gets Facelift

11:00pm (EST) Special Update We have been talking about the new option symbol changes that will take place starting next Friday, February 12th, and we wanted to get everyone prepared for the transition.  As you know, current option symbols range from 3-to-5 characters but all options will become 8 to 21 symbols long once theRead more

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E*Trade On The Block

9:10am(EST) Futures are mixed as we head towards the opening bell this morning.  Dow futures are lower by 20, S&P 500 futures are off by 2 while the Nasdaq futures are up 4 points. There was plenty of action in E*Trade Financial (ETFC, $1.84, up $0.11) last Friday as over 60Read more

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MomentumOptionsTrading.com Weekly Wrap for 1/18/10

8:00pm (EST) It was a tough Friday for the bulls as the market suffered its worst decline for 2010 despite some solid earnings reports.   The Dow fell 100 points for the day, erasing all of its gains for the week to close at 10,609.  The index reached a high ofRead more

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Intel Crushes Earnings Estimates

9:00am (EST) Intel (INTC, $21.48, up $0.52) blew past Wall Street’s forecast after the bell yesterday and reported some impressive numbers. The company said it earned a profit of $2.3 billion, or $0.40/ share versus $234 million, or $0.04, in the year earlier period.  Revenue climbed nearly 30% to $10.6 billionRead more

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Intel on Deck

1:45pm (EST) All eyes will be on Intel (INTC, $21.30, up $0.34) after the bell.  Wall Street expects $0.30 a share and revenue is expected to rise to $10.2 billion from $8.2 billion last year.  Economic News…For retail sales, Wall Street was expecting an increase of 0.5%, weaker than November’s 1.3% increase.  We came in worse thanRead more

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Google Makes A Stand

9:10am (EST) We told you the volatility pick up… The market was setting up for a steep decline yesterday but managed to bounce back in the last couple of hours after bullish traders stepped in and bought off the lows. This is options expiration week and the kick-off of earnings season so weRead more

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Market Retesting Lows

1:05pm (EST) The market is testing the lows we got this morning after trying to battle back from a nasty open.  The Dow started with a 72 point loss and fell to a low of 10,591, then recovered most of the losses but is currently down 65 to 11,598. The S&P 500 is offRead more

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Alcoa Misses Mark, Shares Tank

9:10am (EST) Futures are pointing towards a nasty open this morning after Alcoa (AA, $16.15, down $1.30) disappointed Wall Street with its earnings report.  After the bell on Monday, the company reported a $277 million loss for its most recent quarter, or $0.28 a share, compared with a profit of 6 cents a shareRead more

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In Like Flynn

1:00pm (EST) The market started off on a strong note but has given back some of its gains as Wall Street awaits Alcoa’s (AA, $17.25, up $0.23) earnings report.  The Dow is currently up 10 points to 10,628 while the S&P 500 is off by 3 points to 1,142.  The Nasdaq isRead more

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MomentumOptionsTrading.com Weekly Wrap for 1/10/10

11:00pm (EST) The bulls won the first week of 2010 as they took the market higher despite a weak unemployment report on Friday.  The Labor Department said employers slashed 85,000 jobs in December while Wall Street had forecast a slight decline of 8,000 job losses.  The one silver lining was the governmentRead 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.