Posts Tagged ‘strangle option trades’

Focus on Dendreon (DNDN)

9:00am (EST) The bulls got some green numbers on Wednesday although the market’s gains were limited.  After a nice open, the bears come out at lunch and had a quick nibble but left after feasting for two days.  There was plenty of uninspiring news but it was good to seeRead more

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JPMorgan (JPM) Beats, Shares Slide

12:50pm (EST) After a strong open, the bulls once again find themselves giving up ground.  Futures were pointing towards a beautiful start to today’s trading but the bulls retreated after testing Monday’s lows which isn’t a good sign. Let’s start with the boring stuff first.  In economic news, Business InventoriesRead more

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Futures Pointing Towards Strong Open

8:55am (EST) The bears took another step towards cracking major support levels as they spent all of Tuesday pounding the bulls into a corner.  In round 2-out-of-5 this week, the bears scored their second consecutive win, but more important, they did some serious technical damage as both the Nasdaq andRead more

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Bulls Look Weak, Bears Push Support

12:50pm (EST) After weeks of testing resistance, are the bulls ready to throw in the towel? Although one day doesn’t make a trend, we knew at some point the bullish trend would come to an end.  After spending all of last week pushing resistance, the bulls’ find themselves on theRead more

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One Step Forward, Two Steps Backwards

9:05am (EST) Monday’s action followed last week’s script where the bulls started the session pushing resistance only to fade by the end of the day.  The bears have slowly chipped away at support and yesterday’s action favored their camp, but they too, are lacking momentum despite having the headlines inRead more

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Level 3 (LVLT) Goes Global Crossing (GLBC)

12:45pm (EST) The market is mixed as we head towards the second half of trading. The Dow is up 16 points to 12,396 while the S&P 500 is lower by a point to 1,327.  The Nasdaq is down 7 points to 2,773. Tech has been weak as shares of AppleRead more

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First Quarter Earnings Season Starts Today

8:35am (EST) The bulls went into Friday’s action with a slight lead for the week but spent much of the day in negative territory after a solid start.  The momentum stalled shortly after the open as higher oil prices and the circus in Washington, D.C. kept a lid on things. Read more

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Bulls Hold Edge, Market Slightly Lower

1:00pm (EST) The bulls are trying to hang on to a positive week… The Dow started Monday at 12,376 and the blue-chips have touched a high of 12,450 intraday.  The index is currently down 13 points to 12,396. The S&P began the week at 1,332.41 and has reached a highRead more

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Rare Element Resources (REE) Surges 16%

8:45am (EST) We learned again yesterday the market is still fragile to headline news, both good and bad.  The bulls were once again pushing new highs and testing resistance after good employment numbers but things abruptly went south after another earthquake struck Japan.  There was a rush for the exits as theRead more

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Constellation Brands Surprises Wall Street

1:20pm (EST) The market started off with decent gains but went on a wild ride about an hour after the open.  There was a triple-digit sell-off on the Dow after hearing Japan had been hit by another earthquake but things have stabilized somewhat.  There has been a solid rebound inRead 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.