General Options Blog

$GOOG Calls In the Optionmillionaires.com Chat Room Today – It’s Time To Celebrate

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Another Friday another day of huge option trades in the om.com chatroom.

Last Friday the $SCTY calls went ballistic (my $41 oct calls I bought at $.30 hit $18 today)  this week Option traders in the Optionmillionaires.com chatroom were busy turning hundreds/thousands into amazing profits trading $GOOG.

$130 into $2,100

$1,200 into $19,600

$380 into $16k

Earlier this week and last week $SCTY was handing out the big profits, today its $GOOG and a host of other stocks.

Here's some of the butt slapping and high fiving that went on this morning when the market opened:

 

2013-10-18 10:04:24 AM scooter morning folks sold GOOG 20 calls avg .60 to 9.8 thx upb/jb

2013-10-18 10:06:11 AM sonny888 sold my only 2 goog 965 c at open at $17 .60 look at it now

2013-10-18 10:06:41 AM leemalone2k3 out goog diagonal spread 6.00 from 1.58
2013-10-18 10:06:45 AM maynick I got GOOG 1000 c at the open for 1.35. Now 8.90!!!

2013-10-18 10:07:19 AM maynick Next weeks GOOG 1025's. In at .60 Now 5.25!

2013-10-18 10:08:19 AM khcjskresh in on google 1010 2 contracts $2.00 out at $4.30

2013-10-18 10:09:22 AM WarZone Out GOOG 1005's @ 6.92 from 2.45

2013-10-18 10:09:37 AM butterfly Sold GOOG Oct 25 945 @60! Bot 1 Nov 1 1050

2013-10-18 10:10:22 AM Schopenhauer left almost 8 grand on the table by selling GOOG too early...aaaaargh

2013-10-18 10:11:21 AM flagman Just keep raising my stop loss on my GOOG 940's, started at $35.00 now up to $62.00. In at 1.40. THANKS JB!!!!!!!

2013-10-18 10:19:13 AM flagman THanks guys and big thanks to JB. Got into GOOG when he posted his buy earlier this week.

2013-10-18 10:19:22 AM heisenberg GOOG Calls just bought me A MODEL s!!!!!!!

2013-10-18 09:33:00 AM khcjskresh out of google $21.00 in at .65 2 contracts

2013-10-18 09:34:32 AM Schopenhauer sold GOOG 930c 3.73--->51.10

2013-10-18 09:36:10 AM frankb325 30 bucks intp 1782 on my 965 goog. freakin sweet

2013-10-18 09:40:12 AM killacam JB! 16 bagger on my GOOG 965s

2013-10-18 09:40:58 AM jawills JB!!!!! just made 11K on that google trade. sold 7 GOOG 965 calls at ~16(market order) from .35

2013-10-18 09:40:59 AM WarZone Out GOOG 950's @ 30.10 from 1.25

2013-10-18 09:41:05 AM ds22 Sold GOOG 950 at 30.00 from 1.20

2013-10-18 09:44:55 AM butterfly GOOG oct 25 945C bot 3.50 sold 36.50 Thanks!!!

2013-10-18 09:49:48 AM OptionTiger GOOG 950c in at 1.00 , out at 30.00

2013-10-18 09:52:00 AM vivek_ajain I had 10 goog options 965 call for 0.38 cent each which sold at 16 -16k

2013-10-18 09:56:23 AM essam9009 sold 5 goog 960 at 27$ frpm 0.40

 

This is a stock we talked about on chat audio as well as our videos as a possible option trade.  We compared April 2007 and $GOOG's 20% gain to the type of gains we could see today.

 

I also called for a 10-15% gain in my Sunday Earnings outlook video -->>  http://stks.co/gpu9

goog123

 

 

October 18th, 2013 Watch List

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Abhacken

 

Futures are solid green as earnings from GOOG has folks breathing a sign of relief and has the stock up over 9% pre-market. I see quite a few folks have GOOG calls in the chatroom so should be a good day. I did have 7 of the 965 calls I sold yesterday morning but I am still holding 5 960s so still should be a great day.

If the market can hold green today, it will mean the SPY has finished green 7 of the last 8 sessions and we are now once again on all-time highs. It seems the bounce from last weeks lows happened quicker then in the past, and the BTFD that UPB always talks about, seems to come even more furious.

The VIX has also dropped substantially from 21+ 4 days ago, to 13.48 yesterday. Good thing is there is room for it to drop more without worrying about a reversal. Still think we get a move under $10 at some point.

 

CMG reported some good revenue numbers and is up 7% pre-market despite the EPS miss. Funny how folks were on the short CMG bandwagon a year ago, and now it looks poised to break $500 and sport a crazy 50x+ P/E ratio. If they thought overvalued then, what will they call it now?

ISRG reported a quarter that was inline, but that is not good enough for a stock with such negative sentiment. Some analysts are out again this morning defending the stock, which is the status quo quarter after quarter. They will need something in the coming months or the stock will continue to fall.

 

Here are some of the analyst changes of note for today:

 

 

PNRA Panera Bread downgraded to Neutral from Outperform at Wedbush
As previously reported, Wedbush downgraded Panera Bread following checks that indicates Q3 comp deceleration and Q4 comps of 2.5%. The firm believes 2014 guidance could disappoint and sees limited upside for shares. Price target to $165 from $190

 

ISRG Intuitive Surgical weak system sales reflected in valuation, says Cantor
After Intuitive Surgical reported that its U.S. systems sales tumbled 43% year-over-year in Q3, Cantor thinks the weak sales are already reflected in the stock's valuation. Moreover, the firm believes that the company's positive attributes, including solid Japan sales and accelerated share repurchases, mitigate its near-term risks. Cantor reiterates a $425 price target and Buy rating on the shares

 

CMG Chipotle price target raised to $550 from $480 at RW Baird
Baird raised its price target on Chipotle despite missing Q3 results. The firm cited promising acceleration in same-store traffic, expectations for margins to improve to all-time highs, robust balance sheet, and industry leading return on invested capital metrics. Shares are Outperform rated

 

LVS Las Vegas Sands price target raised to $84 from $76 at Stifel
Stifel increased its price target on Las Vegas Sands following the company's better than expected Q3 results and keeps a Buy rating on the stock

ISRG Intuitive Surgical downgraded to Underperform from Market Perform at Northland Securities

 

CMG Chipotle price target raised to $535 from $455 at Lazard Capital
Lazard Capital believes Chipotle's better than same-same-stores trumps the earnings miss in Q3. The firm raised its price target for shares to $535 and keeps a Buy rating on the stock

 

GOOG Google price target raised to $1200 from $1000 at Credit Suisse
Credit Suisse raised Google's price target to $1200 from $1000 due to strong volume growth and the proliferation of connected services. Shares are Outperform rated

 

GOOG Google price target raised to $1,100 from $1,020 at RBC Capital
After Google reported stronger than expected results, RBC Capital believes the company is well-positioned to exploit the trend towards mobile devices and video ads. The firm thinks the company will likely soon become a revenue growth acceleration story or a margin stabilization story or both. It keeps an Outperform rating on the stock

 

UA Under Armour price target raised to $92 ahead of Q3 results at Canaccord
Canaccord raised Under Armour's price target to $92 from $76 ahead of the October 24 Q3 report. The firm believes Under Armour has been a beneficiary of strong athletic traffic and believes new products with higher ASPs, shop-in-shop openings at Dick's Sporting Goods, and DTC growth will drive earnings to 69c for the quarter vs. consensus of 66c. Shares are Buy rated

 

TZOO Travelzoo price target lowered to $25 from $30 at Benchmark Co.
Benchmark Co. lowered its price target for Travelzoo citing the company's disappointing Q3 results and keeps a Hold rating on the stock

 

ISRG Intuitive Surgical should be bought opportunistically, says William Blair
William Blair says Intuitive Surgical's results indicate the company's trends did not improve in the Q3. The firm expects shares to remain under pressure in the near-term but recommends adding to positions opportunistically. William Blair expects system placements to recover in 2014 and keeps an Outperform rating on the stock

 

GOOG Google price target raised to $1,150 from $1,000 at Jefferies
Jefferies raised its price target for Google shares to $1,150 following the company's Q3 results and keeps a Buy rating on the name. The firm lists YouTube, Enhanced Campaigns, and mobile as three reasons Google is a "must-own stock.

 

 

 

 

Big AMZN upgrade and may try some lotto 325s. May try some CMG lottos as well, as they may push her to $490 today:

 

 

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
AMZN CALL $325.00 Weekly 0.02 0.10
CMG CALL $485.00 Weekly 0.95 0.35

 

 

 

Lets have a great day and see you all Sunday for the Week Ahead!

 

- JB

October 17th, 2013 Watch List

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Abhacken

 

It was a monster day on Wednesday as markets rallied to near all-time records as folks finally realized the U.S. was not about to default on it’s debt despite what the networks, talking heads, and pundits would have them think. Was this news good enough to have markets rally that hard? The Bears would have you say the current earnings season will be the reason to sell equities, but for now we remain a bullish.

 

What a great day for SCTY as they released the offering price. The stock rallied  and looks poised to add to the gains on an upgrade this morning. Just goes to show you how to stick you head out and go with a stock.

SSYS has run well and looks poised to break 110 and head towards all-time(pre-offering) highs. Another monster run the past few days! TZOO reported some weak revenue numbers despite beating EPS and the stock is down pre-market, still like it and will hold the november calls.I am in San Diego at Stocktoberfest so will be in and out of chat all day. Here are the analyst changes of note:

 

 

ULTA Ulta Salon won't be hurt by Amazon.com cosmetics push, says Sterne Agee
After Amazon.com (AMZN) launched a new luxury cosmetics initiative, Sterne Agee reports that Amazon.com's website has many fewer brands and offerings than Ulta Salon (ULTA), and is only slightly cheaper than Ulta. The firm keeps a $130 price target and Buy rating on Ulta

 

BWLD Buffalo Wild Wings price target raised to $133 from $118 at Wunderlich
Wunderlich raised its price target for Buffalo Wild Wings shares to $133 on expectations the company is positioned for 20%-plus annual earnings growth. The firm keeps a Buy rating on the stock

 

MNST Monster Beverage sales growth poised to accelerate, says Stifel
After conducting channel checks, Stifel expects Monster's sales growth to accelerate to 10.7% in Q3, from 6.5% growth so far this year. The firm expects the company's sales growth to remain around the 10.7% level through 1H14, driven by increasingly favorable year-over-year comparisons, innovation, improving U.S. category growth, and further international expansion. Stifel keeps a $68 price target and Buy rating on the shares

 

SNDK SanDisk price target raised to $84 from $75 at Stifel
Stifel raised its target on SanDisk after the company reported stronger than expected Q3 results. The firm notes that industry sources expect the supply/demand ratio to be favorable for the company in 2014, and it keeps a Buy rating on the stock

 

EBAY eBay long-term outlook still positive, says JMP Securities
After eBay lowered its guidance, JMP Securities expects the stock to be pressured today and reduced its price target on the shares to $60 from $65. But the firm continues to expect the company's growth to outpace that of ecommerce, and it thinks that eBay is taking share in the payments category. JMP Securities keeps an Outperform rating on the stock

 

DDD 3D Systems price target raised to $61 from $52 at Piper Jaffray
Piper Jaffray raised its price target for 3D Systems to $61 after its industry survey indicated demand tracked ahead of plan for 3D Systems resellers in Q3. Piper believes the industry is seeing strong demand and reiterates an Overweight rating on 3D shares

 

IBM IBM price target lowered to $200 from $225 at Deutsche Bank
Deutsche Bank lowered its estimates and price target for IBM after the company reported weaker than expected Q3 results. The firm attributes IBM’s challenges in hardware to macro headwinds in China and execution issues. Deutsche keeps a Buy rating on IBM share

 

 

SCTY SolarCity initiated with an Overweight at JPMorgan
Target $68

 

 

 

Will be keeping it small today and will try as well as tring to sell my GOOG calls:

Looks like 3d stocks are poised to run again so may try to grab some more calls as well as trying to get some lotto ISRG calls as i think that one is set to move higher after hours:

 

 

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
SSYS CALL $115.00 Weekly 0.30 0.25
ISRG CALL $480.00 Weekly 0.55 0.35

 

 

Lets have a great day!

 

- JB

Heisenberg Indicator October Projections Are Out

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hindenburgThe Hindenburg Omen a much hyped and always wrong indicator has been triggered 100 times this year, with each trigger highlighting an impending market crash. I find it  amazing how the media has clung to an indicator that historically is batting 0.000.   The only thing exploding with each Hindenberg Omen trigger, is the investment account of anyone blind enough to listen to it. This past June the man behind this ill-hyped indicator was looking to short the market, odds are he's got a lot less cash in his investment account... but since when does investment gains and sound investment advice run hand in hand....

The man behind the “Hindenburg Omen” said he’s prepping to bail out of the stock market after his ominous-sounding technical indicator was tripped last week for the second time in two months.

In a chat with MoneyBeat Sunday evening, Jim Miekka — a blind former high-school physics teacher and the newsletter writer who devised the Hindenburg Omen — confirmed all the criteria were met on Friday that triggered the indicator. He said he’s still invested in the market, for now, and is waiting for “a strong up day this week” before he gets out of stocks and potentially starts shorting the market.

“We’re on our way down from here,” Miekka said. “I’m hunkering down for a possible rough ride.”

http://blogs.wsj.com/moneybeat/2013/06/03/hindenburg-omen-creator-im-hunkering-down-for-possible-rough-ride/

The Hindenburg omen worked out great for those looking to lose money.   The media loves to hype train wrecks.  If you want to make money in this market there is one indicator that has ignored all the external noise and provided nothing but buy signals since the financial crisis hit 5 years ago.
hbin

The Heisenberg Indicator has never been wrong. It's not hyped in the media and it doesn't rely on failed market statistical analysis to provide buy and sell signals. It's mention does not incite memories of an exploding dirigible. Right now the HI is saying stocks are going much higher.

hi101713

 

The October readings show we are headed for new all time highs for the market.  Don't let the media fool you again when they mention the Hindenburg Omen for the 101st time.  They are wrong, they will remain wrong, just as we at optionmillionaires have been 100% right about the direction of the market.  We can be wrong about individual stocks , but not the direction of the market.  We have been calling for new all time highs this year, as has the (HI).

 

https://www.optionmillionaires.com/2013/the-heisenberg-indicator-hi-preliminary-readings-are-in-stocks-to-rise-into-the-fall/

https://www.optionmillionaires.com/2013/heisenberg-indicator-projections-for-2013/

https://www.optionmillionaires.com/2013/the-heisenberg-indicator/

 

When that inevitable market crash comes you can bet there will be no sign of the Hindenburg Omen.    It will be at that time, that the media and all their ill advised market indicators will have finally went long the market.