calls
Yesterday was a slightly mixed trading session as the market pulled mostly into the green. We had retail sales numbers yesterday, and import numbers today. Nothing that should move the market much. The number I am looking forward to is the CPI number released thursday at 8:30am. I am still a bear on Silver and Gold, and still hold my 22.50 puts that expire this week. Why am I… Read More
The Week Ahead Webinar is now uploaded and available in the forum. You can find it here : http://www.optionmillionaires.com/forum/showthread.php/383-The-Week-Ahead-with-UPB-and-JB-4-7-2013?p=645#post645 , along with previous week ahead Webinar’s.
Topics discussed include earnings kick-off as well as market direction.
- JB
Sometimes a nice gap down at the open provides some great opportunities to add calls on positions you have been waiting for nice entries on. There were two particular stocks I was watching the past few days, and saw a great entry point given the strength of the stocks on an overall weak day.
The first stock is BP Prudhoe Bay Royalty Trust (BPT), a dividend playing trust… Read More
With Corn prices falling sharply the past few days, we expect talk of lowered costs for Chipotle Mexican Grill, Inc (CMG), and see it as a catalyst for the stock to finally break over $330. Chipotle Mexican Grill, Inc (CMG) chart also shows tight bollinger bands, which usually precede a large move (either up or down). We currently hold the April Weekly calls of Chipotle… Read More
Quarter 2 started out in the red with the SPY down .40%. The VIX closed up 7% and closed at 13.58. I still think the VIX sees sub $10 in the next few months despite all the folks clamoring for a pullback. Historically Quarter 2 is the worst quarter for the market in recent years, and has seen 5%+ pullbacks in the last few years, where Quarter 1… Read More
As promised, we will try and have more information on any text trades that are sent out during the trading day. You can expect one/two texts per week depending on the market.
Todays text alert was SODA, the second time in the past few weeks I have alerted SODA. Last time SODA failed to hold 50, and the 52.50 calls @ .15 never materialized. ( http://www.optionmillionaires.com/2013/sodastreamsoda-shares-set-to-rally/ ) … Read More
After quite a volatile session in the morning where the SPY moved to 150.14, only to fall to 148.79, the market finally found some footing and melted higher at the end of the day to close at 150. After being up over 4% in the morning, the VIX closed down 11%. Right now futures are slightly red so we shall see what today brings. PCLN and ZAGG reported… Read More
This week is starting off like last week, as futures are green and the market looks primed to continue to climb the ladder to all-time highs. With Sequestration cuts looming on Friday, and all the hype like the fiscal cliff, one would think the market would be walking on egg shells instead of showing incredible strength.
We were given a 2% cut on our paychecks via the tax increases… Read More
We were bullish on OpenTable, Inc (OPEN) back on December 10th, as the chart showed signs of a potential breakout from $46.21. In little more then a month, the stock climbed over 20% hitting $55.95 on January 25th. See the chart below for our original call:
Since then, OpenTable, Inc (OPEN) has channeled in a tight range as folks look for catalysts to fuel the next… Read More
Boston Beer (SAM) broke out in a big way today, adding $10.19 or nearly 7%, to close at an all-time high on nearly 2 times the average volume. Boston Beer (SAM) announced yesterday afternoon that they will finally start offering their trademark Boston Lager in a can in mid-2013, paving the way for more revenue opportunities, while also allowing folks to enjoy their favorite Beer in some locations… Read More
