All posts by jimmybob

OptionMillionaires Private Twitter Access

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Basics


What is the Private Twitter Feed? (UPDATED August 20th, 2014)

Jimmybob and UPB post their personal trades in real time on this feed (or as close to real time as possible).  These are just trade ideas. These trades are not recommendations to buy or sell a stock, or any type of investment advice. We are not registered investment advisers. The Private Twitter feed is great for those that cannot access the chatroom during trading hours, as all the trades posted in the chatroom (first) will be posted on the private twitter feed.

Twitter also allows you to push notifications to your phone via text, for those that are unable to monitor their twitter feed in real-time, here is the link for instructions: https://support.twitter.com/articles/20169887-enabling-mobile-notifications

All tweets will end with -JB  or -UPB, which will denote who the tweet is from.

The Private Twitter Feed is only for Diamond members and Above

Instructions

  1. Request to follow on Twitter: https://twitter.com/OMPrivateTwitte
  2. Send an email to OMPrivateTwitter@gmail.com with "Private Twitter request" in the header. The body should look like the following:

    Twitter Handle: (GOES HERE)

    OM USERNAME:(GOES HERE)

    I HAVE READ THE BELOW DISCLAIMER : (YES OR NO HERE)

*Your Request will be approved within 24 hours during the week, 48 hours on weekends. If you request has not been approved within 24 hours, feel free to send another reminder.

**Grandfathered members will be granted access to the private twitter feed as well, just follow the same instructions.

Click the Membership Page if you are not a member and would like to become one. If you are already a registered member, you can click on Membership Management to upgrade your account.

Disclaimer

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Ditto Trade is Coming Sept 3rd

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Dittotrade logo

 

We will be starting two DittoTrade services on September 3rd. The first will be a follow account, where folks will follow my exact trades. The other will be a signal account, which will be similar but will just issue alerts. Both will be available for Diamond Members. Due to popular demand, Starting August 28th, there will also be a new membership tier to account for the DittoTrade Service. If your already a diamond member, you have nothing to worry about. Like we have done in the past, we will grandfather new services in for current members.

If you are not aware, I am getting married and will be away for my Honeymoon for most of August. I will start the DittoTrade program with $2,000 in my account on Sept 3rd, and want to give those who want to follow a chance to get their accounts set. If you want to be ready for it, you will need to create an account at https://www.dittotrade.com/ , then put in a follow request for the service you want here: https://www.dittotrade.com/index.php?option=com_content&view=article&id=246&Itemid=295 - We are not up there yet , but will be in the next few days. Last step is to send a followup email to jimmybob@optionmillionaires.com with your OM username with the title "Approve Dittotrade". I will then approve all requests. Make sure you are following my private twitter account as well https://twitter.com/JimmyatOptions . The private twitter feed is now only available to future Diamond and above members, all current members Gold and above will be grandfathered in. You will need to email optionmillionaires@gmail.com with your OM username and twitter handle before any private twitter requests will be approved.

For those that do not know my trading style, you will lose all your money following me. Please be aware of the risk. But also be aware of the possible reward as lightning has struck too many times to count over the past few years: https://www.optionmillionaires.com/2013/netflix-nflx-why-we-trade-options-follow-up/ .

Please be patient over the next 3 weeks if you do send in a request or email, as I will have limited email access while I am away.

Lets continue to have a great 2013!!

- JImmybob

August 6th, 2013 Watch List

2 Comments

 

 

The week started off in the red as the market failed to find its footing. Despite the slight pressure, there were some nice movers during the day as some of the momentum stocks continued to take flight. TSLA and PCLN soared to new all time highs, while AAPL finished green again and NFLX finally broke over 250. FOSL beat earnings and raised it’s guidance, all good signs for a stock that has been beaten up since it hit $140 a year ago. The numbers maybe enough to push it over $130 short term and the $135 calls we bought yesterday should be looking nice. After hours we have FSLR. I am not playing it but if you know me then you know I dont like the Solar sector so $40 puts would be my play. Will also look to play GMCR for some premium build before earnings tomorrow ah’s. I think GMCR is priced too perfect and would worry about a slight beat not being good enough to add a bid to the stock.

 

Not many analyst upgrade/downgrades of note, here are the ones that stood out:

 

 

AEO American Eagle weakness may create attractive entry point, says Wedbush
Wedbush believes that the pullback in American Eagle following the company's negative preannouncement could create an attractive entry point for long-term investors. The firm thinks the stock's valuation is compelling, and believes that the company could be acquired for about $27 per share. Wedbush lowered its price target on the stock to $20 from $25 but keeps an Outperform rating on the shares

 

 

FCX Freeport McMoRan discount to peers looks overdone, says Morgan Stanley
Morgan Stanley believes Freeport McMoRan's share discount to peers is excessive and that shares will move higher driven by labor contract renewal, the full ramp-up at Grasberg, and a rebound in commodity prices and volumes. Shares are Overweight rated with a $43 price target

 

 

JCP J.C. Penney cash burn continues, says Morgan Stanley
Morgan Stanley said J.C. Penney pre-released Q2 cash balance of $1.5B is below its estimate of $1.9B. The firm lowered operating income estimates based on store checks that indicate same store sales are down 10% vs. previous expectations for down 8% and that promotional pricing is pressuring gross margins. The firm rates shares an Underweight with a $9 price target

 

 

PCLN Priceline.com price target raised to $1,050 from $975 at Ascendiant
Ascendiant raised its price target for priceline.com ahead of the company's Q2 results and maintains a Buy rating on the stock. The firm expects upside in Q2 and positive guidance

 

 

Here are the strikes I am looking at for the open:

 

 

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
RL CALL $210.00 Aug 0.35 0.25
GMCR CALL $100.00 weekly 0.45 0.40

 

 

RAX was out as a trade via text yesterday and like it to near $49 or so before earnings. Love NFLX on the breakout yesterday and should have enough steam for $265+. Also have TSLA Aug 17th $200 calls and will probably lock some in today as they are already up 100%.

 

That is all for now. I will do the watchlist tomorrow then that will be all for me for a few weeks. UPB will continue to run the show and after a while you will forget about me!

 

I did a week ahead webinar last night which is being uploaded as we speak : https://vimeo.com/71813471

 

 

Lets have a great day!

 

- JB

August 5th, 2013 Watch List

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New all-time highs, huge earnings runs, and some big percentage moves... what more can an option trader ask for. Well we can ask for a duplicate this week as earnings season continues with some more fun ones reporting. I will be looking at Fossil today for a play into earnings for tomorrow. Not sure which others I will be looking at, but will have a week ahead webinar tonight at 10:30 pm for those interested, as I was not able to do the Webinar last night. Below is the link:

Registration URL: https://attendee.gotowebinar.com/register/8321371532515087872
Webinar ID: 155-741-059

 

 

Again, for those that do not know, I will be getting married this week and will be gone for most of August. I will be stopping in at times, but just want to make sure you are aware.

 

Chris D will be having a Webinar for Diamond Members on Thurs, check it out here: https://www.optionmillionaires.com/2013/webinar-the-secret-to-getting-an-edge-with-options/

 

AAPL looks like its going to keep moving on up like UPB mentioned, and seems to be a nice call play. Another upgrade today for PCLN over $1000, but with earnings this week, the premiums are very expensive to play. A slightly negative article on NFLX in Barrons over the weekend(on the front cover) has the stock down pre-market and will probably come under pressure right at the open. Will wait for the dust to settle a bit then look for my customary call options. That strategy did not work at all last week, so do not expect a different result this week.

 

Tons of analyst changes today, here are a few that caught my eye:

 

 

TSLA Tesla adjusted pricing, options on Model S, says Jefferies
Jefferies says Tesla late Friday adjusted the pricing and options on the Model S. The firm believes the adjustments should help distinguish between more and less price-sensitive buyers and improve margins. Jefferies says one of the adjustments includes the HD backup camera and Xenon headlights becoming standard on all vehicles as opposed to being part of a $3,750 Tech Package. The firm has a Buy rating on Tesla shares

 

FOSL Fossil momentum should slow in second half, says Brean Capital at Brean Capital
Brean Capital reiterated its Sell rating on Fossil as they believe it will be increasingly more difficult for the company to achieve expectations due to global weakness in the timepiece business and a ramp up of higher margin stores as the year progresses. Price target is $85

 

theflyonthewall.com:

CSCO Cisco momentum continues, says RW Baird at RW Baird

Baird believes Cisco's strong momentum continues during July citing its execution, normal pricing patterns, and lack of serious competition. the firm continues to call Cisco its Best Large Cap Idea for 2013. Shares are Outperform rated and price target raised to $30 from $28

 

NFLX Netflix accounting change would be immaterial to value, says Lazard Capital
Lazard Capital says Netflix in its quarterly filing noted the potential to change its accounting for originals by accelerating amortization. The firm estimates such a change would reduce its 2013 earnings estimate by 67c and 2014 estimate by 79c, but sees no impact to Netflix's enterprise value since earnings would lift by a like amount in later periods. Lazard Capital recommends using any weakness in Netflix shares around the potential accounting change as a buying opportunity and keeps a Buy rating on the stock

 

PCLN priceline.com price target raised to $1,040 from $830 at JPMorgan
JPMorgan expects priceline.com to report strong Q2 results on August 8 and raised its price target for shares to $1,040 after factoring in the Kayak acquisition into its estimates. The firm reiterates an Overweight rating on the stock

 

GME GameStop price target raised to $59 from $48 at Piper Jaffray
Piper Jaffray believes GameStop is well positioned to benefit from new hardware and software sales following the launch of Xbox 360 and PS3. The firm upped its price target for shares and keeps an Overweight rating on the stock

 

FB Facebook price target raised to $46 from $38 at Piper Jaffray
Piper Jaffray raised its price target for Facebook to $46 citing the potential of the company's reported video ad offering. Piper said it has greater comfort in its forward ad growth estimates following Bloomberg's report that Facebook would begin offering 15 second video ads this year. The firm has an Overweight rating on the stock

 

 

With FOSL reporting tomorrow before the open, and the analyst downgrade today, will hope the small pullback allows an opportunity to nibble some lotto calls for earnings. WIll also try and grab some RAX lotto calls for premium build into earnings on the 8th.

 

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
FOSL CALL $135.00 Weekly 0.40 0.30
RAX CALL $55.00 AUG 0.40 0.35

 

 

Lets have a great start to the week. Hope to see some of you later tonight for the delayed Week Ahead Webinar!

 

Happy Trading!

 

- JB

August 2nd, 2013 Watch List

8 Comments

 

What a day yesterday as the Market ramped to all-time highs and the SPY broke $170 and never looked back. Some huge gains to be made on some of the earnings plays to include the MA bounce yesterday, YELP, CTRP, SFLY, SAM and others. Of course the two of the three I really liked for yesterday earnings flopped with WTW and OPEN giving disappointing outlooks, although I think OPEN can rally still. LNKD reported some great numbers once again and I think is/or continues to be the darling on wall street. That earnings report and outlook should get the stock to $250+ in short order.

 

Anyone new to options should understand that days like yesterday where calls can go from .30 to $13+ don’t happen all the time, and buying calls/puts on that premise will result in your account being decimated. Play small and understand the risk and that will ensure your around to be in the multi-bagger plays.

 

Most of the upgrades today are around LNKD and here are some others of note:

 

 

 

 

LNKD LinkedIn price target raised to $270 from $228 at Piper Jaffray
Piper Jaffray raised its price target for LinkedIn shares to $270 following the company's better than expected Q2 results and maintains an Overweight rating on the stock. Piper says the quarter left it more comfortable that LinkedIn remains mostly unchallenged in the $27B full time placement services market

 

 

YY Inc. price target raised to $58 from $40 at Piper Jaffray
Piper Jaffray raised its price target for YY Inc. following the company's better than expected Q2 results and keeps an Overweight rating on the stock

 

OPEN OpenTable implied Q4 outlook may prove aggressive, says Citigroup
Citigroup says that while OpenTable's Q3 and CY13 revenue and adjusted EBITDA guidance missed expectations, the implied Q4 outlook may prove too aggressive. The firm keeps a Sell rating on shares with a $58 price target following the company's Q2 results

 

LNKD LinkedIn upgraded to Buy from Hold at Cantor
Cantor upgraded LinkedIn citing the company's better than expected Q2 results and improving long-term outlook. The firm raised its price target for shares to $250 from $170

 

LNKD LinkedIn price target raised to $255 from $215 at Jefferies
Jefferies raised its estimates and price target for LinkedIn following the company's better than expected Q2 results and reiterates a Buy rating on the stock

 

APOL Apollo Group will have difficulty monetizing technology, says Wells Fargo
Wells Fargo believes that there is speculation that an activist investor could look to invest in Apollo because of the potential monetization of its technology. However, the firm doesn't think that other schools will be very interested in using Apollo's technology. Furthermore, Apollo would undermine its own competitive advantage if it provided its technology to competitors, added the firm, which keeps a Market Perform rating on the stock

 

 

V Visa added to Select List at Stifel
Stifel believes that the sell-off in Vis due to fears about debit fee limits is overdone. The firm thinks the impact of stricter fee limits on Visa will be minimal. It reiterates a Buy rating on the shares

 

 

 

 

Will be keeping it small today and will try for a couple lottos. With futures fading on the July Jobs numbers, will play for a bounce, and would guess if the market gains some steam, we can see some huge EOD moves on PCLN and LNKD.

 

Here are the strikes I am looking at for the open:

 

 

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
PCLN CALL $915.00 Weekly 1.55 0.40
LNKD CALL $240.00 Weekly 1.40 0.35

 

 

 

For folks who are unaware, I am getting married a week from today. Tuesday will be my last full-day and I will be somewhat out of commission until August 27th. I will try to have a Week Ahead Webinar Saturday night, stay tuned to the blog for updates on the date and time.

 

Lets have a great end to the week!

 

- JB