Trade Updates – Tuesday, November 24, 2009
November 2009 | Members 9:10am (EST) Hewlett-Packard (HPQ, $51.02, up $0.98) December 55 calls (HPQLK, $0.31, up $0.15) Entry […]
November 2009 | Members 9:10am (EST) Hewlett-Packard (HPQ, $51.02, up $0.98) December 55 calls (HPQLK, $0.31, up $0.15) Entry […]
9:00am (EST) CURRENT TRADES (quotes are from Friday’s close) Microsoft (MSFT, $29.62, down $0.16) December 30 calls (MSQLF, $0.58, down $0.12)
November 2009 | Members 12:45pm (EST) NEW TRADE!!! Hewlett-Packard (HPQ, $50.82, up $0.78) Buy to OPEN December 55 calls
11:40am (EST) “I got 99 problems but the market ain’t one”… Man, what a week. We wanted to do today’s
9:15am (EST) The bears finally put up a fight on Thursday just as the major averages were busting through “resistance” but we
1:30pm (EST) We date options, we don’t marry them… The market is getting punished today after getting some unpleasant economic news
9:15am (EST) We could hardly wait to get this morning’s news out. We have a lot of stuff we want
One of the most frequently asked questions I get from friends and associates concerns option position sizing and how much
1:00pm (EST) The market is struggling today but the major averages are holding the support levels we mentioned this morning.
9:05am (EST) The biggest thing we took away from yesterday’s action in the market was the S&P 500 holding the
1:15pm (EST) The market is a little choppy today and is trying to make a comeback as we go to
9:05am (EST) The market got off to a great start on Monday after a better-than-expected rebound in retail sales helped
12:45pm (EST) The bulls are pushing the market higher today although Bernanke just took the podium and said “significant economic
9:10am (EST) Lots of breaking news this morning… Retail sales grew 1.4% in October, after a 1.5% gain in September
10:30pm (EST) You could tell the bulls were in a buying mood last week after taking the major indexes over
9:15am (EST) FedEx (FDX, $82.48, down $1.23) December 90 calls (FDXLR, $0.80, down $0.35) Entry Price: $1.40 (11/17/09) Exit: $0.70 (11/19/09)
November 2009 | Members 11:40am (EST) UPDATE! Microsoft (MSFT, $29.60, down $0.17) December 30 calls (MSQLF, $0.56, down $0.14) Entry
9:15am (EST) FedEx (FDX, $83.71, down $1.55) December 90 calls (FDXLR, $1.15, down $0.30) Entry Price: $1.40 (11/17/09) Exit Target: $2.80
November 2009 | Members 1:30pm (EST) CURRENT TRADES FedEx (FDX, $82.05, down $1.66) December 90 calls (FDXLR, $0.80, down $0.35)
November 2009 | Members 9:05am (EST) FedEx (FDX, $85.26, up $0.46) December 90 calls (FDXLR, $1.45, flat) Entry Price:
9:05am (EST) NEW TRADES!! Trade #1 FedEx (FDX, $84.80, up $2.83) Buy to OPEN December 90 calls (FDXLR, $1.45, up
November 2009 | Members 1:15pm (EST) FedEx (FDX, $85.26, up $0.46) December 90 calls (FDXLR, $1.55, up $0.10) Entry
9:10am (EST) NEW TRADE!!! Microsoft (MSFT, $29.63) Buy to OPEN MSFT December 30 calls (MSQLF, $0.65) Over 3,300 traded hands
November 2009 | Members 12:45pm (EST) CURRENT TRADES Microsoft (MSFT, $29.73, up $0.10) December 30 calls (MSQLF, $0.65,
12:15pm (EST) Looks like we missed the Walt Disney (DIS, $30.38, up $1.33) trade… One of the best things about
9:15am (EST) Abercrombie & Fitch (ANF, $36.76) is up 5% this morning in pre-market trading after beating Wall Street’s earnings
12:50pm (EST) Intel (INTC, $19.88, up $0.04) and Advanced Micro Devices (AMD, $6.51, up $1.19) have buried the hatchet after
9:15am (EST) Wal-Mart (WMT, $52.97) reported 3Q earnings before the bell that came in better than Wall Street’s expectations. The
1:00pm (EST) Toll Brothers (TOL, 21.13, up $2.74) is up 15% today after surprising Wall Street with some rather upbeat comments
11:30pm (EST) Current subscribers, we have a NEW TRADE in the Members Area and it is a play on retail.
9:05am (EST) The futures are pointing towards another strong open this morning as the market looks to add-on to its
1:15pm (EST) Priceline.com (PCLN, $205.11, up $31.38) is up 18% today after releasing third quarter earnings that easily beat Wall Street’s estimates by
10:15am (EST) Sorry for the late post today folks but we wanted to see Priceline.com (PCLN, $199.46, up $25.73) open
12:50pm (EST) Finally, Barron’s has done us a favor… Most of you know Barron’s and I don’t see eye-to-eye on
9:15am (EST) Futures are pointing towards a strong open after some upbeat comments from the G20 meetings. News that the Group of
11:30pm (EST) The bulls battled back last week and let it be known they are not about to give up
November 2009 | Members 12:15pm (EST) NEW TRADES!!! Netflix (NFLX, $58.47, up $0.28) #1 Buy to OPEN NFLX
9:15am (EST) CURRENT TRADES Wal-Mart Stores (WMT, $52.97, up $0.66) November 52.50 calls (WMTKX, $1.14, up $0.34) Entry Price: $0.98 (11/11/09)
November 2009 | Members 12:50pm (EST) Wal-Mart Stores (WMT, $53.57, up $0.60) November 52.50 calls (WMTKX, $1.23, up $0.09)
November 2009 | Members 1:00pm (EST) CURRENT TRADES (UPDATED) Wal-Mart Stores (WMT, $52.65, up $0.34) November 52.50 calls (WMTKX,
November 2009 | Members 10:15am (EST) Priceline.com (PCLN, $199.46, up $25.73) November 200 calls (PNEKA, $5.00, up $3.50) Entry
9:15am (EST) Priceline.com (PCLN, $172, up $3.99) November 200 calls (PNEKA, $1.30, up $0.25) Entry Price: $1.10 (11/6/09) Exit Target:
November 2009 | Members 12:50pm (EST) Priceline.com (PCLN, $175.07, up $3.07) November 200 calls (PNEKA, $1.70, up $0.40) Entry
1:35pm (EST) It has been a rollercoaster week but the bulls have been in control despite the fact the unemployment rate
9:15am (EST) We were expecting the Dow to trade pretty close to 10,000 going into Thursday’s close as we said
1:00pm (EST) We have had a busy day and the bulls are pushing Dow 10,000 as we head towards Friday’s
9:15am (EST) Cisco Systems (CSCO, $23.29, up $0.38) does it again. It shouldn’t come as a surprise the company beat
1:00pm (EST) Shares of Garmin (GRMN, $27.54, down $3.87) are getting hammered today despite the company reporting better-than-expected earnings. Third-quarter
11:40am (EST) Current subscribers…please check the Members Area NOW for a special update on our Current Trades. We have had
9:15am (EST) Futures are up big this morning and it looks as though the bulls will start today’s session on
MomentumOptionsTrading.com Special Update for 11/3/09 11:30am (EST) The market is trading lower but we wanted to get this update out
9:05am (EST) When Warren Buffet Speaks, people listen… It’s no secret, despite a struggling economy, that M&A (Merger and Acquisition)
Return to Members Monday, November 2, 2009 Tuesday, November 3, 2009 Wednesday, November 4, 2009 Thursday, November 5, 2009 Friday,
November 2009 | Members 1:35pm (EST) NEW TRADE!!! Priceline.com (PCLN, $170.98, up $2.97) Buy to OPEN PCLN November 200
November 2009 | Members 1:00pm (EST) NEW TRADE!!! Apollo Group (APOL, $56.57, down $0.22) Buy to Open APOL December 50
9:15am (EST) Imax (IMAX, $10.77, up $0.50) November 10 calls (IMQKB, $1.20, up $0.55) Entry Price: $0.80 (11/3/09) Exit Target:
November 2009 | Members 11:30am (EST) CURRENT TRADES Imax (IMAX, $10.55, down $0.22) November 10 calls (IMQKB, $1.00, down
9:05am (EST) Research in Motion (RIMM, $55.74, down $2.99) November 55 puts (RFYWK, $2.25, up $1.10) Entry Price: $1.00 (10/30/09)
November 2009 | Members 11:30am (EST) New Trades!!! Trade #1 Imax (IMAX, $10.41, up $0.14) Buy to OPEN IMAX
12:50pm (EST) The market got a lift this morning on some good news out of the manufacturing and housing sector
9:15am (EST) It what comes as no surprise, CIT Group (CIT, $0.72, down $0.23) made it official by filing for Chapter
November 2009 | Members 9:00am (EST) It what comes as no surprise, CIT Group (CIT, $0.72, down $0.23) made
Bears On The Prowl… The market can turn on a dime and as an option trader you have to be
12:45pm (EST) The market is get spooked the day before Halloween as the Dow is off triple-digits, or 150 points,
9:15am (EST) The market rebounded in strong fashion yesterday as the bulls pushed the Dow higher by 200 points and
12:35pm (EST) Market Notes Some of the stocks we are following are hotter than a smokin’ James Bond Girl… The market
11:45am (EST) First Solar (FSLR, $125.71, down $25.87) is down 15% this morning after reporting earnings of $1.79 a share. They beat
Current Subscribers, please check the Members Area for the trade updates this morning. We will be back at 1pm with
12:10pm (EST) We have been talking about the market’s direction a lot lately because it is important to remember when
9:00am (EST) Option trading can be like playing poker sometimes. To be a good – no make that great – player
12:40 pm (EST) The market is higher today but the Dow isn’t showing a lot of muscle despite some good
9:15am (EST) If you are a Baidu.com (BIDU, $432.97) shareholder this morning then hopefully you are prepared to pay the barber $85 for
1:00pm (EST) The market has turned lower after getting off to a strong start this morning. At one point
9:10am (EST) Futures are pointing towards a slightly higher open this morning. As we head to press, Dow futures are up
Market Commentary It was a choppy week of trading as the bulls battled the bears to keep the Dow over
9:15am (EST) Garmin (GRMN, $30.85, down $0.74) December 25 puts (GQRXE, $0.85, up $0.10) Entry Price: $0.75 (10/29/09) Exit Target:
October 2009 | Members 12:45pm (EST) Research in Motion (RIMM, $58.69, down $2.67) Buy to OPEN RIMM Nov 55
October 2009 | Members 12:35pm (EST) NEW TRADE!!! Garmin (GRMN, $31.24, down $0.35) Buy to OPEN GRMN December 25
October 2009 | Members 12:10pm (EST) NEW TRADE!!! Apollo Group (APOL, $61.27, down $11.70) Buy to OPEN APOL November 55
October 2009 | Members 12:40pm (EST) NEW TRADE!!! First Solar (FSLR, $151.93, down $2.94) Buy to OPEN FSLR November
October 2009 | Members 1:00pm (EST) NEW TRADE!!! Buffalo Wild Wings (BWLD, $41.77, up $1.26) Buy to
12:55pm (EST) Despite some solid earnings report, the market is struggling to end the week on a high note. We
9:25am (EST) Futures are pointing towards a higher open this morning after stellar earnings results from two Internet giants. This
1:00pm (EST) The Dow is struggling to hold the 10,000 level but the bulls have been trying. Futures were pointing towards a
9:15am (EST) The big news after the bell yesterday was eBay’s (EBAY, $25.03) disappointing outlook for the holiday season. The
12:30pm (EST) In August, we listed a group of IPO’s that were coming out and in September and many of them
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
1:00pm (EST) The bears took advantage of a weak housing report today and have crashed the earnings party the bulls
9:10am (EST) If there was ever any doubt about just how powerful of a hand Apple (AAPL, $189.86) was holding in
1:10pm (EST) The market is surging higher today as the Dow is up 104 points to 10,100. The more important
9:00am (EST) MARKET COMMENTARY Futures are pointing towards a higher open this morning after reversing course overnight. There are a number of
11:30pm (EST) MARKET COMMENTARY Friday was a rough day for the bulls as the Dow fell 67 points, or 0.7%,
October 2009 | Members 12:55pm (EST) New Trades!!! Trade #1 RadioShack (RSH, $15.64, up $0.10) Buy to OPEN RSH November
October 2009 | Members 9:15am (EST) Special Note: The market seems to be searching for direction so some of
October 2009 | Members 9:15am (EST) Abercrombie & Fitch (ANF, $37.05, down $0.53) November 34 puts (ANFWL, $0.85, up $0.05)
October 2009 | Members 1:00pm (EST) NEW TRADE!!! Abercrombie & Fitch (ANF, $36.84, down $0.84) Buy to Open ANF
October 2009 | Members 1:10pm (EST) NEW TRADE!!! Chesapeake Energy (CHK, $28.83, up $0.16) Buy to OPEN CHK November