MomentumOptionsTrading.com Weekly Wrap for 6/13/10
7:30pm (EST) The bulls made the most of their opportunities and scored their first weekly win in a month as the market […]
7:30pm (EST) The bulls made the most of their opportunities and scored their first weekly win in a month as the market […]
9:00am (EST) Men who can both be right and sit tight are uncommon – Jesse Livermore A week ago today
June 2010 | Members Please remember, ALL “Exit Targets” are “Stop Targets” are targets. You should not have any
9:05am (EST) Las Vegas Sands (LVS, $26.59, down $0.15) July 22 puts (LVS100717P00022000, $0.45, down $0.05) Entry Price: $1.20 (6/9/10)
June 2010 | Members Please remember, ALL “Exit Targets” are “Stop Targets” are targets. You should not have any
9:00am (EST) Las Vegas Sands (LVS, $26.74, up $0.75) July 22 puts (LVS100717P00022000, $0.50, down $0.15) Entry Price: $1.20 (6/9/10)
June 2010 | Members Please remember, ALL “Exit Targets” are “Stop Targets” are targets. You should not have any
9:00am (EST) Special Note #2: We have a lot of new subscribers and I want to make it clear today
June 2010 | Members Please remember, ALL “Exit Targets” are “Stop Targets” are targets. You should not have any
9:00am (EST) Las Vegas Sands (LVS, $25.72, up $0.78) July 22 puts (LVS100717P00022000, $0.75, down $0.60) Entry Price: $1.20 (6/9/10)
June 2010 | Members 12:20pm (EST) Special Note: We know many of you are nervous if you are in
1:05pm (EST) As impressive as yesterday’s rally was, the bulls are getting no follow through after a lousy Retail Sales
9:05am (EST) “Men who can both be right and sit tight are uncommon.” – Jesse Livermore You can’t blame the
1:00pm (EST) The bulls are pushing the market higher today on some good China news and a “decent” report on
9:00am (EST) The bulls turned the ball over to Fed Chairman Ben Bernanke to help pull them out of their rut on
1:15pm (EST) The bulls are having a follow-through day as they are pushing the market higher as Ben Bernanke continues
9:00am (EST) The bulls turned to their closer in the final hour of trading to get back in the win
1:10pm (EST) The market is mixed as the Dow is higher by 44 points to 9,860 while the S&P 500 is up
9:00am (EST) The bears continued to pressure the bulls on Monday as a choppy session favored short-sellers into the close. Selling
1:10pm (EST) The bulls tried to rally the market at the open but after a brief stay in positive territory
9:00am (EST) Futures are pointing towards a slightly higher open this morning despite weakness in the overseas markets. We have
8:00pm (EST) Under pressure… They say pressure bursts pipes and judging by Friday’s action we couldn’t help to think of
9:o5am (EST) Las Vegas Sands (LVS, $24.94, up $0.81) July 22 puts (LVS100717P00022000, $0.95, down $0.40) Entry Price: $1.20 (6/9/10)
June 2010 | Members 1:05pm (EST) Las Vegas Sands (LVS, $25.17, up $0.23) July 22 puts (LVS100717P00022000, $0.90, down
9:00am (EST) Las Vegas Sands (LVS, $24.16, up $0.20) July 22 puts (LVS100717P00022000, $1.30, down $0.05) Entry Price: $1.20 (6/9/10)
June 2010 | Members 1:00pm (EST) Las Vegas Sands (LVS, $24.63, up $0.50) July 22 puts (LVS100717P00022000, $1.10, down
9:00am (EST) NEW TRADE!!! Las Vegas Sands (LVS, $23.96, up $1.24) Buy to OPEN July 22 puts (LVS100717P00022000, $1.35, down
June 2010 | Members 1:15pm (EST) Las Vegas Sands (LVS, $24.52, up $0.56) July 22 puts (LVS100717P00022000, $1.20, down
9:00am (EST) PowerShares QQQ (QQQQ, $44.27, down $0.82) July 45 puts (QQQQ100717P00045000, $2.25, up $0.40) Entry Price: $1.50 (6/2/10) Exit Target: $3.00+ Return:
June 2010 | Members 1:10pm (EST) PowerShares QQQ (QQQQ, $44.12, down $0.15) July 45 puts (QQQQ100717P00045000, $2.35, up $0.10) Entry Price: $1.50
9:00am (EST) PowerShares QQQ (QQQQ, $45.09, down $1.60) July 45 puts (QQQQ100717P00045000, $1.80, up $0.65) Entry Price: $1.50 (6/2/10) Exit Target: $3.00+ Return:
June 2010 | Members 1:10pm (EST) PowerShares QQQ (QQQQ, $44.02, down $0.07) July 45 puts (QQQQ100717P00045000, $1.90, up $0.05) Entry Price: $1.50
1:10pm (EST) Remember back in high school when there were certain teachers who gave the same tests year after year?
9:00am (EST) The bulls managed to extend their winning streak to two on Thursday as all three indexes finished in positive
1:05pm (EST) The bulls got off to a decent start as all three indexes started off in positive territory but are
9:00am (EST) The bulls made a stand on Wednesday following better-than-expected pending home sales and continued strength in auto sales.
12:50pm (EST) Momentum. We often hear the word in sports, sometimes in gambling, and maybe in war. When it comes
9:05am (EST) It has become a familiar pattern for the bears these days to let the bulls think they are doing something before
1:05pm (EST) The market opened in the red as the Dow fell nearly 100 points at the start of trading
9:10am (EST) Futures are pointing towards a lower start this morning as there are a number of factors in play.
1:00pm (EST) Sell in May and go away… Those words were worth their weight in gold (pun intended) as the market
9:00am (EST) PowerShares QQQ (QQQQ, $46.69, up $0.44) July 45 puts (QQQQ100717P00045000, $1.15, down $0.20) Entry Price: $1.50 (6/2/10) Exit Target: $3.00+ Return:
June 2010 | Members 1:10pm (EST) PowerShares QQQ (QQQQ, $45.79, up $0.90) July 45 puts (QQQQ100717P00045000, $1.55, up $0.40) Entry Price: $1.50
9:00am (EST) PowerShares QQQ (QQQQ, $46.25, up $1.07) July 45 puts (QQQQ100717P00045000, $1.35, down $0.60) Entry Price: $1.50 (6/2/10) Exit Target: $3.00+ Return:
June 2010 | Members 1:05pm (EST) PowerShares QQQ (QQQQ, $46.24, down $0.01) July 45 puts (QQQQ100717P00045000, $1.30, down $0.05) Entry Price: $1.50
9:05am (EST) Moody’s (MCO, $19.30, down $1.20) July 18 puts (MCO100717P00018000, $1.40, up $0.40) Entry Price: $1.10 (6/1/10) Exit Target: $2.20+ Return:
June 2010 | Members 12:50pm (EST) NEW TRADES!!! PowerShares QQQ (QQQQ, $45.79, up $0.61) Buy to OPEN July 45 puts (QQQQ100717P00045000,
NEW TRADES!!! Moody’s (MCO, $20.50, down $0.38) Buy to OPEN July 18 puts (MCO100717P00018000, $0.95, down $0.05) Action: Moody’s held $20 on
June 2010 | Members 1:05pm (EST) Moody’s (MCO, $19.75, down $0.75) July 18 puts (MCO100717P00018000, $1.25, up $0.25) Entry Price: $1.10
Members Tuesday, June 1, 2010 Wednesday, June 2, 2010 Thursday, June 3, 2010 Friday, June 4, 2010 Monday, June 7,
1:30pm (EST) The market is pulling back following yesterday’s huge rally as Wall Street gets ready for the long holiday
9:05am (EST) This is getting good… The bulls finally showed some resiliency after what has been a rough two weeks
1:25pm (EST) The bulls got some ammo today after China reassured Wall Street it wasn’t planning to sell European debt after a
9:00am (EST) The bulls put on a good show for much of yesterday’s session, but the lack of follow-through has
1:10pm (EST) The bulls are carrying yesterday’s late day rally into today’s session but the energy seems to be waning
9:00am (EST) The market action yesterday was insane as the indexes made some tremendous moves reminiscent of 2008 but had the look
1:00pm (EST) It is rare that the market follows your road map on where you think it is headed but
10:05am (EST) We have updated all of our trades, including instructions on our NEW TRADE. Subscribers, check you email inbox
9:00am (EST) Buy when you are scared to death; sell when you are tickled to death… The bulls struggled to
1:00pm (EST) The bulls are trying to get something going today but not all of the major indexes are performing
9:10am (EST) Futures are pointing towards a lower open this morning despite gains in Asia, where China’s president said the country
Bulls Pull Through, but Was Friday’s Rally Real? 7:00pm (EST) When a country lives on borrowed time, borrowed money and
9:05am (EST) Special Note: Folks, we have left a few trades open because we don’t want to panic during the
May 2010 | Members 1:30pm (EST) Wells Fargo (WFC, $28.84, down $0.57) June 25 puts (WFC100619P00025000, $0.30, up $0.05)
9:00am (EST) Wells Fargo (WFC, $28.04, down $0.86) June 25 puts (WFC100619P00025000, $0.50, up $0.07) Entry Price: $0.73 (5/25/10) Exit
May 2010 | Members 1:25pm (EST) Wells Fargo (WFC, $28.91, up $0.87) June 25 puts (WFC100619P00025000, $0.30, down $0.20) Entry
9:00am (EST) Wells Fargo (WFC, $28.90, up $0.19) June 25 puts (WFC100619P00025000, $0.43, down $0.11) Entry Price: $0.73 (5/25/10) Exit Target:
May 2010 | Members 1:10pm (EST) Special Note: We have closed most of our profitable trades and as we
May 2010 | Members 1:00pm (EST) Wells Fargo (WFC, $28.21, down $0.50) June 25 puts (WFC100619P00025000, $0.60, up $0.06)
9:10am (EST) Vale SA (VALE, $25.70, up $1.72) June 22 puts (VALE100619P00022000, $0.45, down $0.50) Entry Price: $1.00 (5/20/10) Exit
May 2010 | Members 1:00pm (EST) Vale SA (VALE, $25.95, down $0.13) June 22 puts (VALE100619P00022000, $0.40, down $0.05)
12:45pm (EST) Financial stocks are leading the market higher as the bulls are trying to rally off the lows. We have a
11:30am (EST) We thought we would give everyone a sneak peek into our exclusive Members Area as we close one
9:05am (EST) “There are very few instances in history when any government has paid off debt.” – Walter Wriston Maybe
12:50pm (EST) Man, we love our job. If you are an option trader or follow the market then you know
10:15am (EST) Subscribers, check your email inboxes or the Members Area NOW! The Dow is down 270 points to 10,188 and
9:00am (EST) Another case of Nelly Nerves hit Wall Street Wednesday as worries on the euro continue to set the tone of trading.
1:00pm (EST) The trend is your friend…until it ends. – Anonymous Calmness is a good thing and on a day
9:00am (EST) The market took the back seat again as the euro kept the bulls from holding Tuesday’s opening bounce. Wall
1:15pm (EST) After a strong start, it is looking like the bulls are out of ammo as the market has
9:05am (EST) The bulls got off the mat on the 9 count after a barrage of punches thrown by the
12:40pm (EST) Some of the bulls showed up this morning but it has done no good against the growing number
9:05am (EST) Futures are pointing towards a lower open this morning following the release of the Empire manufacturing report. The
10:45pm (EST) If this is your first stock market rodeo, buckle up. Wall Street went on another wild ride as
May 2010 | Members 12:45pm (EST) Vale SA (VALE, $24.98, up $1.00) June 22 puts (VALE100619P00022000, $0.65, down $0.30)
May 2010 | Members 12:50pm (EST) Special Note: Many of you got way better closing prices after our 10am
9:00am (EST) Abercrombie & Fitch (ANF, $38.38, down $2.40) June 35 puts (ANF100619P00035000, $1.20, up $0.35) Entry Price: $1.05 (5/17/10) Exit
May 2010 | Members 1:00pm (EST) Abercrombie & Fitch (ANF, $37.14, down $1.24) June 35 puts (ANF100619P00035000, $1.70, up $0.50)
9:05am (EST) Abercrombie & Fitch (ANF, $40.78, up $0.56) June 35 puts (ANF100619P00035000, $0.85, down $0.20) Entry Price: $1.05 (5/17/10) Exit Target:
May 2010 | Members 1:15pm (EST) Abercrombie & Fitch (ANF, $39.00, down $1.78) June 35 puts (ANF100619P00035000, $1.05, up $0.20)
9:05am (EST) Note: May options expire in 4 days (this Friday), June options expire in 32 days, July options expire in
May 2010 | Members 12:40pm (EST) NEW TRADES!!! Abercrombie & Fitch (ANF, $39.47, down $0.75) Buy to OPEN
12:10pm (EST) Ah, we are in a good mood today and the Kinks are kicking it in the background as
9:05am (EST) Today will be a pivotal day for both bulls and bears as each side tries to plan for
1:00pm (EST) The market has been in a tight range today as the bulls look tired and the bears are
9:00am (EST) It was back to normal with huge moves on Wall Street as the bulls pushed the market higher
1:00pm (EST) The bulls are pushing the market higher after a rosy report from the government said exports (up 3.2%) reached
9:00am (EST) The bulls failed to carry Monday’s momentum over into Tuesday as the market started lower and struggled for much
1:00pm (EST) All pun is intended from today’s title to Moody’s (MCO, $22.20, up $0.43) since the company received a