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Tonights Webinar With LeeMalone

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Todays Webinar with LeeMalone is up in the forum.

 

https://www.optionmillionaires.com/forum/showthread.php/465-More-Option-Strategies-with-LeeMalone-(Basic)?p=738#post738

 

Thanks Lee, and thanks for those that attended. Make sure you register for Next Wednesdays Webinar:

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!!

July 17th ,2013 Watch List

 

 

After 8 green sessions on the SPY, the market took a breather yesterday and some high fliers went along with it with PCLN breaking below 900 and TSLA losing 2 months of gains on some crazy volume. We have Big Bens testimony before congress today and tomorrow and here is a nice piece on how the market tends to trade when he speaks : http://blogs.marketwatch.com/thetell/2013/07/16/of-bernanke-testimonies-his-semi-annuals-are-best-for-sp-500/

 

We have some more earnings reports today with BAC stealing the show this morning and breaking above $14 as well as EBAY tonight. Thursday brings some real fun with GOOG, CMG, ISRG and others.

 

Here are some nice videos from UPB yesterday on TSLA and the market:

 

UPBs market recap video : http://www.youtube.com/watch?v=B0tJRZTbQxk&feature=youtu.be&a

 

UPBs video on TSLA : http://www.youtube.com/watch?v=lDjJMp9M9o0&feature=youtu.be&a

 

 

Quite a few analyst changes today as well:

 

TSLA Tesla price target raised to $200 from $90 at Dougherty

 

PIR Pier 1 Imports upgraded to Buy from Hold at Argus
Price target is $27

 

DELL Dell no vote likely to lead to proxy fight, says Wells Fargo
If Dell shareholders do not approve the Dell/Silver Lake offer, Wells Fargo believes that a change in the company's board would favor Carl Icahn, while Icahn would sue if new board members aren't elected. The firm thinks the stock could rise significantly if the company is able to transform itself, but it predicts that many investors would abandon the company during the transition period. It keeps a Market Perform rating on the shares

 

MCD McDonald's same-store sales poised to improve, says Wells Fargo
Wells Fargo expects McDonald's same-store sales to improve sequentially in Q2, Q3, and Q4, due to its promotions, easier comps, and new products. The firm expects the company to report in-line Q2 EPS but slightly higher than expected same-store sales. Wells Fargo believes that the company has been gaining market share momentum in the U.S. in recent months and it keeps an Outperform rating on the shares

 

REGN Regeneron remains a top pick for Q2 at Goldman
Goldman said Regeneron remains a Q2 top pick based on expectations for another Eylea beat and upcoming '727 Ph III cholesterol data and Eylea DME Ph III data in 2H 2013

 

HD Home Depot price target raised to $95 from $85 at Barclays
Barclays said housing fundamentals are still supportive of growth and expects Home Depot to gain share and execute on its ROIC and margin objectives. Shares are Overweight rated

 

SBUX Starbucks shares should be bought on any weakness, says Oppenheimer
Oppenheimer believes that high expectations and a high valuation leave Starbucks poorly positioned going into its results on July 25. However, the firm thinks the stock has compelling catalysts over the longer term and it raised its target on the shares to $75 from $65. The firm keeps an Outperform rating on the shares

 

YHOO Yahoo shares to rise on impressive Alibaba profits, says Stifel
After Yahoo reported higher than expected EPS but lower than expected revenue, Stifel expects the stock to increase on the "very impressive" profits generated by Alibaba Group, in which Yahoo has a 24% stake. The firm raised its price target on Yahoo to $33 from $31 to reflect Alibaba's increased profitability. Stifel keeps a Buy rating on Yahoo

 

JCP J.C. Penney's home launch adding to challenges, says Credit Suisse
Credit Suisse believes J.C. Penney's home launch may be adding to challenges rather than acting as a catalyst. The analyst said home merchandise pricing has been adjusted down by at least 30% and clearance items in other departments appears elevated. The firm expects Q2 gross margins to be lower than expected and reduced its Q2 EPS estimate to ($1.22) from (94c). Shares are Underperform rated with a $15 price target

 

BEN Franklin Resources upgraded to Outperform from Market Perform at BMO Capital
BMO Capital upgraded Franklin Resources due to valuation and benefits from a rotation to equities. Price target raised to $170 from $163

 

MDVN Medivation upgraded to Buy from Neutral at UBS
UBS upgraded Medivation based on expectations of favorable PREVAIL study results. Price target raised to $74 from $59

 

 

Dont forget after the close today, we have LeeMalone doing a webinar: https://www.optionmillionaires.com/2013/option-strategy-webinars-with-leemalone-july-17th-and-july-24th-at-430pm/

 

I have added quite a few positions Monday and Tuesday so will be keeping it small. Here is what I have so far, as I put it together last night. I am sure folks would like this all the time, and maybe i will try in the future, but it is very time consuming. And being that I have many positions in my account, its not as easy as just taking a screen shot..ect:

 

From PRIVATE twitter and LIVE CHATROOM

TSLA 150 @ .29 July

TZOO August $35 calls @ .35

KNDI $5 calls @ .20

BIDU 105c @ .18 Weekly

 

From my account

07/15/2013 09:30:20 Bought 15 TSLA Jul 20 2013 150.0 Call @ 0.29 = $435

07/15/2013 09:30:00 Bought 5 TSLA Jul 20 2013 150.0 Call @ 0.25 = $125

07/15/2013 09:30:04 Bought 13 TZOO Aug 17 2013 35.0 Call @ 0.35 = $455

07/15/2013 09:37:28 Bought 8 BIDU Jul 20 2013 105.0 Call @ 0.18 = $164

07/15/2013 09:30:04 Bought 10 KNDI Jul 20 2013 5.0 Call @ 0.2 = $200

Total Cost: $1379

 

Today:

From PRIVATE twitter and LIVE CHATROOM

 

RAX 42.50 call @ .35

Added GOOG 1035 call @ .40

Adeed BIDU 110s @ .62

 

From my account

 

07/16/2013 10:05:19 Bought 5 RAX Jul 20 2013 42.5 Call @ 0.35 = $175

07/16/2013 10:05:19 Bought 1 RAX Jul 20 2013 42.5 Call @ 0.35 = $35

07/16/2013 10:05:19 Bought 6 RAX Jul 20 2013 42.5 Call @ 0.35 = $210

07/16/2013 09:39:05 Bought 10 GOOG Jul 20 2013 1035.0 Call @ 0.4 = $400

07/16/2013 09:37:08 Bought 20 BIDU Jul 20 2013 110.0 Call @ 0.62 = $1240

 

Total Cost: $2060

 

Total purchases for the first two days of the week : $3439

 

Current value:

 

07/15/2013 09:30:20 Bought 15 TSLA Jul 20 2013 150.0 Call @ 0.29 now .01 = .15

07/15/2013 09:30:00 Bought 5 TSLA Jul 20 2013 150.0 Call @ 0.25 now .01 = .05

07/15/2013 09:30:04 Bought 13 TZOO Aug 17 2013 35.0 Call @ 0.35 now $1.45 = $1185

07/15/2013 09:37:28 Bought 8 BIDU Jul 20 2013 105.0 Call @ 0.18 now 1.99 = $1592

07/15/2013 09:30:04 Bought 10 KNDI Jul 20 2013 5.0 Call @ 0.2 now .05 = $50

07/16/2013 10:05:19 Bought 5 RAX Jul 20 2013 42.5 Call @ 0.35 now .45 = $225

07/16/2013 10:05:19 Bought 1 RAX Jul 20 2013 42.5 Call @ 0.35now .45 = $45

07/16/2013 10:05:19 Bought 6 RAX Jul 20 2013 42.5 Call @ 0.35 now .45 = $270

07/16/2013 09:39:05 Bought 10 GOOG Jul 20 2013 1035.0 Call @ .40 now 0.25 = $250

07/16/2013 09:37:08 Bought 20 BIDU Jul 20 2013 110.0 Call @ 0.62 now .42= $840

 

 

Total value of positions: 4457.2 less cost $3439 = $1018.2 So far this week

 

 

WIll look to enter my WHR trade for earnings as well as trying to play some more upside in NFLX. I may look to lock some of my TZOO AUG 35 calls at some point today and let about half ride through earnings.

 

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
WHR CALL $135.00 Weekly 0.33 0.33
NFLX CALL $280.00 Weekly 0.39 0.35

 

 

Lets have a great day!

 

- JB

UPB Market recap

Big day today for a lot of stocks. $TSLA fell off a cliff. We have earnings coming out from some big names as the week comes to a close. $CMG, $ISRG. $GOOG after the bell on Thursday should be fun. How about $YHOO?

This week really starts the earnings season. Here is my market recap for today 7/16/2013

July 16th, 2013 Watch List

 

Another sessions, another all-time high. Brings me back to the rally in April and May where everyday was a new high for the markets. It surely looks like the trend could continue today, but it will have to happen despite most of the global markets red overnight.

 

Earnings season is really starting to kick into high gear with GS, KO, MOS, JNJ, and others reporting today. Earnings are complete lottos so tread carefully, but there is always the possibility of a large move that can make an option position increase 10x-50x fold overnight. Not sure we have any this week, but will try to dabble in TZOO, WHR, and GOOG.

 

Issued a Text Trade Idea yesterday on TZOO, here is the update : https://www.optionmillionaires.com/2013/our-text-trade-idea-for-sent-out-today/

 

Folks are asking if I will hold my TZOO calls through earnings. Knowing what a stock is going to do through earnings is a complete crapshoot, so if your risk tolerance is not high, and you are up, lock some or all in. I will most likely lock a few in and hold the rest through earnings. I may also look for some higher September strikes.

 

BIDU announced an acquisition last night and the stock is up over 6% pre-market, which should bode well for anyone who went in the 105 calls with me yesterday. Folks are asking me what I plan to do with the calls. I only have 8 , and think BIDU goes over $110 now, so will hold for that moment. Again, if your up big and dont have the same risk tolerance i have, it would make sense to lock some in.

 

Here are some of the analyst changes today:

 

 

DECK Deckers Outdoor should deliver beat and raise results, says Sterne Agee
Sterne Agee expects Deckers to report modestly better than expected Q2 results, and raise its FY13 guidance. The firm expects the stock to perform well and it reiterates a Buy rating

 

 

GOOG Google price target raised to $1030 from $875 at Raymond James
Raymond James said Google's Q2 search spend growth remained strong and expects it to continue in 2H 2013 given higher mobile revenue from its new Enhanced Campaigns product and Product Listing Ads adoption. Shares are Outperform rated

 

DFS Discover downgraded to Neutral from Overweight at JPMorgan
JPMorgan downgraded Discover citing valuation but raised its price target for shares to $54 from $50

 

LNKD LinkedIn initiated with a Neutral at SunTrust
Target $215

 

BIDU Baidu price target raised to $115 from $91 at Jefferies
Jefferies raised its price target for Baidu saying the company's 91 Wireless acquisition is positive for its mobile Internet positioning and mobile game monetization. The firm reiterates a Hold rating on the stock

 

GM General Motors upgraded to Conviction Buy from Buy at Goldman
Goldman added General Motors (GM) to the Conviction Buy List due to strong near-term catalysts, and inflection in 2H 2013 margins driven by North American trucks, and a potential common dividend by the end of the year. Price target is $$5. Note that Goldman removed Ford (F) from the Conviction Buy List

 

YUM Yum! Brands initiated with a Buy at Stifel
Target $105

 

BIDU Baidu upgraded to Neutral from Sell at Citigroup
Citigroup upgraded Baidu to Neutral saying the 91 Wireless acquisition is a positive step towards the company monetizing mobile internet. Citi raised its price target for shares to $113 from $80

 

DKS Concerns over Dick's Sporting promotions unfounded, says Sterne Agee
Sterne Agee believes that recent concerns over Dick's Sporting's promotions are unfounded, as the firm reports that the company's current clearance activity is not unusual for July. The firm keeps a $58 price target and Buy rating on the stock

 

 

LeeMalone will be doing some more Webinars over the next two weeks, sign up here : https://www.optionmillionaires.com/2013/option-strategy-webinars-with-leemalone-july-17th-and-july-24th-at-430pm/

 

They will also be recorded and in the forum the day after.

 

Will be playing small again today. Will try to enter GOOG finally, as well as getting some more TSLA.

Here are the strikes I am watching:

 

 

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
TSLA CALL $140.00 Weekly 0.36 0.35
GOOG CALL $1,040.00 Weekly 0.40 0.40

 

 

 

Lets have another GREAT DAY!

 

- JB