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The Week Ahead with UPB and JB 10:30 PM eastern Sunday, May 19th

theweekahead

As we always do, we will be holding The Week Ahead with UPB and JB Sunday night at 10:30pm Eastern. We will discuss some of the earnings we like, some of the key economic data coming our way, as well as where we see the market heading.

Hope everyone is having a great weekend, and hope to see you there. As always this is recorded and will be ready to view in the forum Monday morning. Well actually last weeks Webinar was not recorded due to a technical issue(forgetting to hit record button).

 

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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Charts With UPB

 

 

Come join me tomorrow just after lunch as I go over charts I am watching and give you a second look at charts you are undecided about.  You can register any time before the webinar.  I will also record it and post it in the forum later that night, in case you can not make it.

See you there:

Please register for Charts With UPB on May 16, 2013 1:00 PM EDT at:


https://attendee.gotowebinar.com/register/861963590478738432

Charts With UPB

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

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Webinars Made Easy®

Text Trade Idea for the Week of May 14th, 2013

 

As promised, we will explain the thought process and strategy for our just released text trade idea for this week. We usually send a maximum of one trade idea via our text service.

If you are reading this and did not receive a text, make sure you go here for instructions:  https://www.optionmillionaires.com/sms-stock-option-alerts/

Here is todays trade idea:

Risky play I am in the SHLD 60 Calls .17 x .19 right now - showing signs of breakout and like above 56.83 for flip - JB

For future reference, all text trade ideas are also posted immediately in the forum: https://www.optionmillionaires.com/forum/forumdisplay.php/9-SMS-Text-Alert-Archives

Always watch SHLD and saw some nice action friday. There was some consilidation yesterday and this morning, and then saw some nice buy volume. With all the Garbage to Gold stories in the market the past 6 months, think SHLD will be the next target. Like her for a move to at least $58 this week, where I can look to lock in some of my 60 calls @ .40 or so.

As with any option trade, it is possible to lose your entire investment so please trade carefully and with money you can afford to lose.

Happy Trading!

- JB

Two Stocks On the Move

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After doing my normal research over the weekend, and preparing for the Week Ahead Webinar, I came up with my normal "Stocks I Really Like" list. This list changes week to week, but does have some of the usual  suspects.

I already held a position in all four of the stocks, but was looking to possibly add to my position at the open. Only 1 of the four performed well today, and that was mainly due to a positive write-up in Barron's over the weekend.

For those that do not know, those four stocks were; Western Union (WU), Baidu (BIDU), OpenTable (OPEN), and Sears Holdings (SHLD). I did add to my position in Baidu(BIDU) with some more $100 weekly calls @ .16. So why you ask, is the title of this post "Two Stocks on the Move" when I am discussing ones that did not? Well that is because this market can give you opportunities at anytime, and I had to adjust my strategy for the day.

One of the stocks that moved out of the gate this morning was Netflix(NFLX). I spoke a few times over the past week about the channel i was watching from 209-224. Netflix(NFLX) broke under the $209 channel last week, and figured we would not see the stock above $210 for sometime. But news about more Disney content coming to Netflix(NFLX) helped spark shares higher, as well as Ichan saying he has not sold a share. Today's action was very telling, and once it broke $224 I started looking for a position in the calls thinking today is the start of a new uptrend. I did get some of the $255 calls @ .36, and think the stock heads over $240 sometime this week. Below is the chart I made for the Week Ahead Webinar the Sunday before Netflix(NFLX) earnings, when the stock was under $170. The chart shows there is plenty of room to the upside, even with the recent move.

NFLX 5-13 - small

 

The next stock is another favorite we have played before... Wynn Resorts (WYNN). The stock closed today at multi-year highs, and looks like its ready to breakout in a major way. We grabbed the $145 weekly calls @ .19 and may look to get some more positions this week. The chart below shows the channel and the breakout that could happen.

WYNN 5-13 - small

 

We will update on the watchlist this morning on these trades, as well as some others.

Happy Trading!

- JB

Trade Ideas For This Week – GOOG, AAPL, FCX, BA

Earnings continue this week with some big retailers reporting earnings.  This should offer an opportunity to make a profitable trade.  GOOG hit new highs last week and looks ready to make an even bigger move, which way will it go this week?  AAPL continues to break higher after a 6 month downtrend, will it keep moving up or will the stock pull back?

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AAPL I think a move back to $500 is coming, and it could come as soon as this week.  A break of $500 would require an over 10% move from AAPL's close on Friday.

I will be looking for calls this week.  I like the $480 strike for $.48.  If we get a move to $500 these options will offer a tremendous return.  A move to ~$470 by mid-week will also see these options rise in value.

The Trade Idea:

AAPL $480 weekly calls for $.48

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GOOG has been on a strong run the last few weeks and sits right near the all time highs it hit last week.  I think it moves over $900 and to $1,000 before it gets a big pull back.  The stock has broken out of a 5 year channel.  A break below $820 negates the move to $1,000, and I will become bearish there.  I like the $915 calls for this week.

The trade idea:

GOOG $915 calls $1.00

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BA has been consistently heading higher and recently hit new highs.  An analyst last week raised the stock from a sell to a hold.  My question is, if I listened to you and sold the stock, how the heck am I supposed to hold it now if I don't have any shares left?  Like we saw with AAPL, the bottom is usually confirmed when the last analyst caves in and downgrades the stock.  With BA the stock has seen a bevy of upgrades and a host of positive comments.  We should see at least a short term pull back to the $90 area.  I like the $92.5 puts for a pull back last price $.39.  I would like to get them cheaper if I can.

The trade idea:

BA weekly $92.5 puts for $.30

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FCX has seen a magnificent move from its neck line test a few weeks ago at $27.50.  This rally is running out of steam and I like the risk reward on the weekly FCX $32.50 puts last trade $.48.

The trade idea:

FCX weekly $32.50 puts $.48

 

I will post other trade ideas later this week in the chat room, blog, and/or forum.

Have a great week,

UPB