Posts Tagged ‘Wells Fargo’

Bears Looking For Bulls to Tap-Out

9:00am (EST) Like a good UFC fight, the bears finally landed the blow we were all waiting to see. Before we talk about the market, we would like to talk about the emotional stress that comes with option trading.  Sometimes it is hard to see the forest through the trees, and we know itRead more

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Wednesday's Wake-Up Call

9:15am (EST) Futures are pointing towards a lower opening on Wall Street this morning as 3Q earnings reports once again set the market’s mood.  There are quite a few companies that continue to post better-than-expected results but one thing that is worrisome is that the market is not making HUGE moves.  One thing we haven’tRead more

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Trade Updates

11:00pm (EST) Abercrombie & Fitch (ANF, $31.54, down $2.71) September 32 puts (ANFUJ, $2.20, up $1.00) Entry Price: $1.25 (8/14/09) Exit Target: $2.50 Return: 76% Stop: 60 cents, raise to $1.75 Action: Abercrombie was a train wreck all day and we did well by buying the puts during Friday’s run-upRead more

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Abercrombie & Fitch Put Options Up Over 50%

1:00pm (EST) Abercrombie & Fitch (ANF, $31.96, down $2.29) is down 7% today and the September 32 puts (ANFUJ, $2.00, up $0.80) are up 67%.  We went with the puts options at the open on Friday for $1.25 and I had accidentally listed the August 32.50 puts (ANFTZ, $1.05, up $0.70) at 40 centsRead more

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Futures Pointing Towards Nasty Open

9:10am (EST) From last Thursday: “This has been a tough tape to read folks but I do think the market is climbing a wall of worry.  I’m okay with that but I’ve been successful because I normally have a good read on the market.  There are times though that IRead more

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Weekly Wrap for 8/16/09

1. Commentary 2. Allocating Option Trades       3. Putting a Collar Option on Your Investments 4. Earnings 5. Current Trades      6. Closing Thoughts ************************************************** 1. Commentary The bulls had their four-week winning streak snapped as the bears took last week’s battle.   Much of the beginning of the week wasRead more

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Time For Some Protection

11:50am (EST) The market continues to trade lower as the Dow is now off by triple-digits.  At 9,234, the 103 point loss shows the nervousness Wall Street is experiencing ahead of the FOMC meeting.  It still is up in the air if this rally continues but if it doesn’t weRead more

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Weekly Wrap for 5/17/09

1. Commentary 2. Power Stock Trading Strategies 3. Covered Calls 4. Earnings 5. Current Trades 6. Monday Morning Playbook 7. Closing Thoughts ************************************************** 1. Commentary Well, we knew it was coming. After a two-month rally, we saw some major profit taking last week. The Nasdaq which had been up nineRead more

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Wells Fargo Update

11:45am (EST) After three days of losses, the Nadaq is joining the Dow and is trading higher today. The Dow has posted losses in two of the three trading days so far this week but the overall sentiment remains negative. The Dow is currently holding 8,325, up 40 points, whileRead more

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Wednesday's Wake-Up Call

9:15am (EST) Here is a quick rundown of what we have going on: Barrick Gold (ABX, $35.10, up $1.46) May 30 calls (ABXEF, $5.10, up $1.40) Entry Price: $1.35 (4/21/09) Exit Price: $5.00 (5/12/09) Return: 270% We started closing out positions yesterday and most of you should have gotten atRead 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.