LeeMalone will be doing two webinars over the next two Wednesday's covering Option Strategies. The first Webinar will be more basic information, followed by a more advanced Webinar the following week.

These will both be recorded and posted in the forum the following day for those who cannot attend.

Here is the registration link for the first class:

Please register for Option Strategies with LeeMalone (Basic) on Jul 17, 2013 4:30 PM EDT at:

https://attendee.gotowebinar.com/register/1833230382379819520

And here is the link for the second class:

Please register for Option Strategies with LeeMalone (intermediate) on Jul 24, 2013 4:30 PM EDT at:

https://attendee.gotowebinar.com/register/6636002725621761280

Hope to see you there!!

As promised, will explain the text trade idea from this morning, why I bought it, and what I plan on doing with it. I didn't see any compelling trades worthy of the Text service last week, so we did not send one out for those asking what it was last week.

There typically will be one trade idea sent via text per week.

Todays Text Trade Idea:

V 185 weekly calls

Added V 185 weekly calls @ .28 and will add more they are .31 x .34 - looking for V to break 180 today - risky trade as market finds direction - JB

Visa came up on my radar this morning when GS raised the PT to $200 and made these comments:

Visa's analyst meeting to act as a potive catalysts, says Goldman

Goldman expects Visa's first analyst meeting in three years on June 6 to be a positive catalysts for shares. The firm expects CEO Scharf to provide long-term strategy and financial specifics and the firm raised its price target to $200 from $190 ahead of the event. Shares are Conviction Buy rated

I looked at the chart and liked the tight bollinger bands, which usually indicates a possible large move in the works:

Figure the stock would break $180 this week, depending on the overall market. Looks like a nice risk vs. reward and will look to lock some profits in if the calls hit .60, then will hold for a possoble breakout higher during the end of the week.

These are weekly calls so they are vert risky and can lose their entire value in one day, so be wary.

Stay tuned to chat and twitter for any updates.

- JB

Folks,

The Week Ahead Webinar has been moved to Monday at 10:30pm eastern due to the holiday weekend. We have updated the Registration link and hope to see you there. This will also be recorded and in the forum before the open Tuesday.

Hope your having a great weekend!

The Week Ahead with UPB and JB occurs several times. Please register for the date and time that works best for you:

https://attendee.gotowebinar.com/rt/6043956393901871616

Join us as we discuss potential trades for next week, market sentiment, and other topics that may help your trades for the week ahead.

After registering, you will receive a confirmation email containing information about joining the webinar.

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