ConocoPhillips/ Exxon Mobile Update
The bulls are having a party today as the Dow is up 253 points to 6,800. The financial stocks are […]
Daily Update, Option Trades, Rick's Account
Option Trades
Momentum Stocks Weekly, Option Trades, Earnings, Market Analysis, Company Commentary
Weekly Wrap for 3/8/09
1. Commentary 2. Bounce or No Bounce? 3. Apollo Group Heads Lower 4. Earnings 5. Current Trades 6. Monday Morning
Option Trades, Daily Update
Start Half Positions In IBM
IBM (IBM, $84.44, down $3.04) continues to plunge and we added the April 100 calls (IBMDT, $0.53, down $0.37) to
Daily Update, Option Trades
Playing With Fire
I know we have a lot going on but there is one stock that I have been watching this week
Daily Update, Option Trades, Uncategorized
Start Half Positions In Exxon Mobil
The Dow is taking another blow as the index is down 191 points to 6,684. The S&P is off 23
Daily Update, Option Trades
Start Half Positions In Potash
Potash (POT, $74.94, down $1.76) took a sudden nosedive after hitting a high of $81.49 earlier this morning and opening
Daily Update, Option Trades, Uncategorized
Freeport-McMoran Stages Furious Comeback
We were whipsawed out of the Freeport-McMoran (FCX, $32.31, up $3.90) trade from last Friday when the stock dropped $4
Daily Update, Option Trades
News Flash: GE Opens Above $7, Now Below $6
We got a huge break with the General Electric (GE, $5.97, down $1.04) put options I mentioned last night. The
Daily Update, Option Trades
GE Continues to Plunge
I knew General Electric (GE, $7.01, down $0.59) was in trouble when it fell below $10 a couple of weeks
Option Trades, Daily Update
April Call Option Watch List
Here are a few call options I’m watching. I have listed the options from March but we will probably not
Daily Update, Company Commentary, Option Trades
AutoZone Hits Historic Highs
As expected, AutoZone (AZO, $160.00, up $19.97) is trading at new highs after smashing Wall Street’s estimates. For the quarter,
Daily Update, Market Analysis, Option Trades
Market at 12-Year Lows, What Next?
The Dow fell over 4% Monday and you could tell by the opening bell that we were headed much lower.
Option Trades, Daily Update
Celgene Heads Lower
Celgene (CELG, $42.05, down $2.68) was the only thing that looked good this morning for a trade when the market
Momentum Stocks Weekly, Option Trades, Market Analysis
Weekly Wrap for 3/1/09
1. Commentary 2. “Covering” General Electric 3. Earnings 4. Closed Trades 5. Current Trades 6. Monday Morning Playbook 7. Closing
Uncategorized, Daily Update, Option Trades
Amgen Aching
Amgen (AMGN, $50.08, down $1.15) is no stranger to the blog and we recently closed a trade on some call
Daily Update, Option Trades
Market Bends But Doesn't Break…Yet
The market has held up well despite what the futures were telling us this morning. Before the opening bell, S&P
Strategies, Option Trades, Uncategorized, Daily Update, Stock Earnings
Trade Updates: AZO, BAC, IBM, SWY
Not much has been happening with AutoZone (AZO, $141.08, down $2.80) since I profiled the stock on Tuesday. The March
Daily Update, Option Trades
Safeway Sinks/ IBM Moving
The trade in Safeway (SWY, $18.54, down $2.58) is paying huge dividends this morning. I did a write-up yesterday around
Daily Update, Option Trades
Is Safeway Safe?
I’ve been thinking of doing a trade on Safeway (SWY, $21.13, up $0.62) with earnings due out on Thursday before
Daily Update, Earnings, Option Trades
NewsFlash: First Solar Gets Whacked in After-Hours
I mentioned in the Weekly Wrap on Sunday night that I was watching First Solar (FSLR, $137.68, up $12.84) as
Option Trades, Daily Update, Strategies
Research In Motion Stopped Out
Research In Motion (RIMM, $38.99, up $1.57) is up 4% today and has made a run back to $40. This
Daily Update, Option Trades
AutoZone in the Zone
AutoZone (AZO, $143.60, up $1.72) continues to defy critics as its stock races towards fresh 52-week highs. On Monday, the
Option Trades, Daily Update
General Electric Hitting New Lows
General Electric (GE, $8.90, down $0.48) continues to set new 52-week lows after falling below $10 last week. Wow. It
Daily Update, Option Trades
Citigroup Gets Boost, Futures Up
Futures are up sharply this morning after news surfaced late last night that the government will increase its stake in
Earnings, Market Analysis, Momentum Stocks Weekly, Option Trades
Weekly Wrap for 2/22/09
1. Commentary 2. Gold and Platinum 3. Trading Bank of America 4. 2008/ 2009 Portfolios 5. Current Trades 6. Earnings
Daily Update, Option Trades
Gold Hits $1,000
Gold has topped $1,000 an ounce this morning, rising $23.80, or 2.4%, to $1,000.30. The last time gold topped $1,000
VIX, Apple, Oil, Option Trades, Commodities, Daily Update, Economic News, Sectors, Company Commentary, Stock Earnings, Earnings, Mergers and Acquisitions, Google, Gold, Yahoo / Microsoft, Strategies, IPOs, Financial Stocks, Market Analysis, Watch Lists
Blog 500!
Well folks, its been nearly a year since we started the blog and today’s entry is my 500th. I guess
Option Trades, Daily Update
Research in Motion Continues Sell-Off
Research in Motion (RIMM, $43.22, down $1.42) is down another 3% today and its chart looks like a train wreck
Daily Update, Market Analysis, Option Trades
Market Struggling to Stay Positive
The Dow started the morning off in positive territory and has been up and down ever since after waiting to
Option Trades, Daily Update, Market Analysis
Dow Testing November Lows
It was a nasty day for the market as the Dow tanked nearly 300 points to close at 7,552. The
Market Analysis, Momentum Stocks Weekly, Option Trades
Weekly Wrap for 2/16/09
1. Commentary 2. Oil and Gold 3. Options Education 4. Credit Spreads 5. Current Trades 6. Earnings 7. Closing Thoughts
Option Trades, Daily Update
Bank of America Update
Yesterday morning before the marlet opened, I had mentioned a couple of March call options for Bank of America (BAC,
Daily Update, Market Analysis, Option Trades
Nasdaq Turns Positive
It has been a tough morning for the market as the three major indexes are mixed. Wall Street is still
Option Trades, Daily Update, Gold
Spider Gold Shares Rally
Spider Gold Shares (GLD, $93.21, up $3.00) are finally rallying after a couple of weeks of doing nothing. Gold started
Daily Update, Option Trades
Amgen Stopped Out
Yeap, I jinxed us. In fact, I jinxed the entire market. I had mentioned Amgen’s (AMGN, $57.41, down $1.33) eight-day
Daily Update, Option Trades
Dow Dips Below 8,000
Yes, I’m working overtime today. But today is important and I wanted to make a few observations for those of
Daily Update, Option Trades
Trade Updates: Google Stop Hit/ Akamai Technologies Pops Higher
Google (GOOG, $372.97, down $5.80) is trending lower this morning and the party is over for our February 370 calls
Option Trades, Daily Update
Amgen Continues March Higher
Amgen (AMGN, $58.74, up $0.71) continued its winning streak on Monday as the stock made it eight-in-a-row. Shares are benefiting
Daily Update, Google, Option Trades
Sohu.com Helps Google Continue Its Rally
Sohu.com (SOHU, $49.30, up $3.69) is up 8% today after announcing earnings that beat Wall Street’s expectations. The Chinese Internet
Option Trades, Daily Update
Financials Open Strong
The financial stocks opened strong this morning despite the fact that futures were sharply lower this morning. Also, the $700
Daily Update, Option Trades
Intra-Day Alert
With 15 minutes left in the trading session, the financial stocks are going gangbusters. Bank of America (BAC, $6.15, up
Daily Update, Option Trades
Should've, Would've…Didn't
Have you been noticing the move in Goldman Sachs (GS, $92.85, up $4.88) this week? The stock is up $12
Option Trades, Daily Update
Netflix Stalling at $38
Neflix (NFLX, $37.47, up $0.62) has managed to trend higher all week but keeps facing serious resistance at $38. Shares
Daily Update, Company Commentary, Gold, Option Trades
Bernie Stole Kevin's Bacon
The buzz on Wall Street this morning is the availability of the just released list for the thousands of victims
Daily Update, Option Trades
Visa Smashes Estimates, Shares Up
Visa (V, $49.13, up $0.74) earnings report. The company beat Wall Street’s estimates by a whopping 10 cents and reaffirmed
Gold, Option Trades, Daily Update, Market Analysis
Wednesday Morning Update
Here’s a look at what we got going on this morning… The market is in positive territory as BMad is
Daily Update, Company Commentary, Option Trades
EA Misses, Cuts Jobs
Electronic Arts (ERTS, $15.50, up $0.64) posted weaker-than-expected earnings after the bell and said it would delay the release of
Daily Update, Company Commentary, Option Trades
Visa Call Option Activity/ EA Update
There seems to be some concentrated buying in the Visa (V, $50.55, up $0.58) February 55 calls (VBK, $1.10, up
Company Commentary, Option Trades, Daily Update
Biotech Grumblings
Genentech (DNA, $82.10, up $0.86) came out with some great news yesterday after the bell and said a late-stage study
Daily Update, Option Trades
Electronic Arts On Deck
Electronic Arts (ERTS, $14.86, down $0.58) will report earnings on Tuesday and Wall Street is expecting 90 cents a share
Google, Option Trades, Daily Update
Google Earth Creating Buzz
Google (GOOG, $340.25, up $1.72) is set to unveil its updated Google Earth in a few hours and Wall Street
Daily Update, Option Trades
Update on GLD, ERTS
The Spider Gold Shares (GLD, $90.30, down $1.01) opened lower this morning and these look like good entry points for
Option Trades, Uncategorized, Market Analysis, Momentum Stocks Weekly
Weekly Wrap for 2/1/09
1. Commentary 2. Month-end Review 3. Opening and Managing a Trading Account 4. Using Option Straddles 5. Current Trades 6.
Option Trades, Daily Update
Roche Goes Hostile
Roche threw us a curveball this morning and took its bid for Genentech (DNA, $80.95, down $3.14) directly to the
Daily Update, Option Trades
Down Day Triggers Stops
After a four-day winning streak, the market was due for a pause as all three major indexes traded lower. A
Daily Update, Option Trades
IBM Breaks Through Resistance
Yesterday it appeared International Business Machines (IBM, $94.82, up $3.16) was not going to join the market’s party as the
Daily Update, Option Trades
Bank Stocks Blast-Off
Goldman Sachs (GS, $87.70, up $9.44) and JPMorgan (JPM, $27.66, up $2.60) added to their gains in late-afternoon trading. Both
Daily Update, Option Trades
Goldman Sachs, JPMorgan Rise
The market is trading higher, led by financials, on renewed optimism the new Obama administration is moving quickly to stabilize
Daily Update, Option Trades
News Flash: Banks Stocks Could Get Lift
I had a feeling when I was doing the Weekly Wrap over the weekend that the financial stocks were due
Daily Update, Company Commentary, Option Trades
Netflix's Numbers
Netflix (NFLX, $34.40, up $4.25) is having a banner day as the stock is up more than 14% after beating
Company Commentary, Option Trades, Daily Update
Chesapeake Energy Up On Takeover Talks
One of our favorite stocks, Chesapeake Energy (CHK, $15.80, up $0.90), made the rumor mill rounds yesterday as there is
Option Trades, Daily Update, Market Analysis, Gold, Strategies, Financial Stocks
Market Looking For Answers
The market is trading lower this morning and the Vegas over/under is 8000 for the Dow. I got 50 cents
Daily Update, Option Trades
After-Hours Action
Here’s a look at how a few of the stocks we have been following are doing in after-hours trading. Intuitive
Daily Update, Option Trades
Dow Hanging on to 8000 Level
The Dow is back at 8000, down 228 points, as the financial stocks are weighing heavy on the market once
Daily Update, Earnings, Apple, Option Trades
Apple Rocks Wall Street Estimates
Well, well, well. Look who is not going away without a fight. A day after setting a 52-week low of
Company Commentary, Option Trades, Daily Update, Earnings
Intuitive Surgical Rebounds Off 52-Week Low
Yesterday afternoon I provided a quick update for Intuitive Surgical (ISRG, $95.37, up $0.72) which was at $96 but easily
Daily Update, Company Commentary, Option Trades
Intuitive Surgical Update
Intuitive Surgical (ISRG, $96.69, down $3.28) is testing its 52-week low again which was set last Thursday at $96.17. I
Daily Update, Company Commentary, Option Trades
HSBC Holdings Continues Freefall
HSBC Holdings (HBC, $33.84, down $6.11) is getting crushed again this morning on more concerns about the European banks. If
Daily Update, Company Commentary, Option Trades
Genentech Posts Solid Quarter
Genentech (DNA, $85.10, up $0.02) reported a solid quarter on Thursday as profits came in at $931 million, or $0.87
Daily Update, Option Trades
Midday Update: Financial Stocks Continue Lower
Hello $30’s, goodbye $40’s. That is the story with HSBC Holdings (HBC, $39.00, down $3.19) which is down another 6%
Option Trades, Daily Update
Planning An Option Trade
I get asked a lot how I come up with ideas for option trades. There is no clear cut way
Daily Update, Market Analysis, Company Commentary, Option Trades
Futures Pointing Towards Lower Open
A lousy U.S. retail sales report before the opening bell this morning is weighing on the futures and it appears
Daily Update, Option Trades
AutoZone Trade Closed, HSBC Update
We are out of the AutoZone (AZO, $129.16, up $0.39) trade. The stock managed to close below $130 and stayed
Daily Update, Option Trades
Bears Eyeing HSBC Holdings
HSBC Holdings (HBC, $46.70, down $0.98) could be on the verge of a major breakdown as the put option pits
Option Trades, Daily Update
Trade Updates: AZO, DNA, FDO, ISRG
Genentech (DNA, $87.47, up $1.13) got off to a slow start on Monday but got it going in late afternoon
Daily Update, Option Trades
AutoZone Breaks Below $130
We left the AutoZone (AZO, $130.64, down $2.42) trade open over the weekend hoping to get a break below $130
Uncategorized, Daily Update, Company Commentary, Mergers and Acquisitions, Option Trades
Before the Bell – Action in Genentech
Genentech (DNA, $86.34, up $1.94) will be in the headlines a lot this week and there may be an opportunity
Option Trades, Daily Update, Company Commentary
Everybody's Working For The Weekend
The first full week of trading is coming to a close and it sure feels good have the weekend coming
Company Commentary, Option Trades, Daily Update
Market Turns Around/ AutoZone Update
AutoZone (AZO, $135.42, up $0.42) traded lower most of the session until a late day rally pushed the stock into
Daily Update, Company Commentary, Option Trades
AutoZone Topping Out
Believe it or not, AutoZone (AZO, $135.68, down $3.52) has been testing its 52-week high in recent days and has
Option Trades, Daily Update, Earnings
Family Dollar Catches Fire
Family Dollar Stores (FDO, $27.73, up $3.40) is having an outstanding day after announcing earnings that were better-than-expected. The company
Daily Update, Option Trades
Opening View
The market is starting off the session with a triple-digit loss. The Dow is down 109 points to 8905 after
Option Trades, Daily Update
Imax Shares Rising
Imax (IMAX, $4.95, up $0.42) is up another 10% today as we head into the final hour of trading. The
Company Commentary, Option Trades, Daily Update, Sectors
Casino Stocks Rally
Two months ago I mentioned the rally that the casino stocks had enjoyed for a few weeks and we made
Option Trades, Daily Update
Trade Updates
Alcoa (AA, $11.86, down $0.25) opened lower and struggled all day to stay in positive territory. The company will report
Daily Update, Apple, Option Trades
Steve Jobs Speaks, Market Listens
Apple’s (AAPL, $93.11, up $2.36) CEO Steve Jobs spoke about his health this morning and the stock has rebounded sharply.
Option Trades, Company Commentary, Daily Update, Sectors, Market Analysis, Strategies, Watch Lists, VIX, Oil
2008 – A Year Hit By A Truck
Index 1. Commentary 2. Financial Sector Takes a Beating 3. Options Versus Stocks 4. Current Trade Updates 5. Alcoa and
Option Trades, Daily Update
Schlumberger Update
Schlumberger (SLB, $42.82, up $0.70) is trading higher as we head towards the closing bell. The stock has traded as
Daily Update, Oil, Option Trades
A Play On Oil
Oil is hovering around the $40-a-barrel mark and there seems to be some sentiment that it could be headed higher.