Option Millionaires – Stock Options Chatroom
Search
Primary Menu Skip to content
  • Home
  • Log In
  • About
    • Meet the OM Team

    • Why Option Millionaires?

      1. The Best Stock Options Chatroom on Planet Earth. Period.

      Are you looking for actionable trade ideas in realtime during market hours? Then you really need to experience the power of our live chat.

      2. A True Options Trading Education Vs. 1 or 2 Monthly Email Alerts

      We're not selling silly email alerts. We create better stock options traders here. If you're into that, this is the place for you.

      3. A Friendly, Established Community that Encourages Meaningful Interaction

      Have you ever been intimidated by a snooty, rude financial community? That's not us. The people that comprise the OM community are helpful, skillful, and want you to make more winning trades.

      4. Our Smoking Hot Website

      OM is a user-friendly, resource-rich website designed to do ONE thing really well: make you a better stock options trader. If you don't win, we don't win.

      Let's get down to business. Start a free-trial today and see if we're a fit for you.

  • Membership
    • Previous Level Access Plus:

      • VIP Email Access
      • Premium Selling Ideas
      • Access to the $2k Challenge(4Q 2022)

      *First 3 Days FREE!
      Was 199.99 per month
      Now $149.99 Thru Feb 3rd

      SUBSCRIBE | UPGRADE

    • Previous Level Access Plus:

      • Private Twitter Feed
      • Diamond Training Videos
      • Advanced Options Strategies
      • Trading with Lee Malone

      *First 3 Days FREE!
      Was 149.99 per month
      Now $99.99 Thru Feb 3rd

      SUBSCRIBE | UPGRADE

    • Previous Level Access Plus:

      • Stock Options Chatroom
      • Gold Level Blog Posts
      • Gold Level Training Videos
      • Gold Level Market Videos
      • *First 3 Days FREE!
        Was $99.99 per month
        Now $69.99 Thru Feb 3rd

        SUBSCRIBE | UPGRADE

    • Bronze Level Access Plus:

      • Silver Level Blog Posts
        Daily Watchlists
      • Silver Level Training Videos
      • Silver Level Market Videos

      *First 3 Days FREE!
      Was $49.99 per month
      Now $29.99 Thru Feb 3rd

      SUBSCRIBE | UPGRADE

  • Blog
    • Search By Popular Tags

      aapl amzn calls chart Charts Earnings fb friday focus goog googl iwm LNKD market morning morning reads news nflx open interest option data options outlook PCLN prepper puts qqq rant reads recap scan scans sina soda spy stocks thoughts tlt Trade Tip tsla twtr VIX vxx Watchlist Webinar week ahead WYNN
    • Posts by Member Level

      The OM Blog (View All Posts)
      - Free Market Vlog Posts
      Bronze Members
      Silver Member Posts
      - Daily Watchlist
      - Silver Market Vlog Posts
      Gold Member Posts

    • Posts by Author

      JimmyBob
      Uranium Pinto Beans
      Max Ganik
      Chris D
      Uncle Mikey
      (For Options Beginners)

    • Search Posts by Date

  • Community
    • Popular Groups

      BRONZE MEMBERS

      Stock Charts

      Contests

      SILVER MEMBERS

      Earnings

      Unusual Options Volume

      Current News

      Weekly Watchlist

      GOLD MEMBERS

      SMS Archive

    • Community Quick Links

      Community FAQDiscussion Groups Create Group


      BEGINNERS
      OM Welcome PageFirst 5 StepsMikey's Options RoadmapStock Options 101 VideosStock Options Articles

  • Chatroom
    • Our chatroom is where all of the action happens! Listen to the Rockstars give play-by-plays of what they are trading and why while you interact with the others in the room.
      Create your own quick friends list for easy private messaging, and even post your own chat posts directly to twitter!

      | Mobile Setup FAQ | Enter the Room

  • Videos

    • You simply *must* have a basic understanding of options before using real money trading. This seven video series will give you a very necessary basic overview of stock options. >>More Details



      This 14 video training series goes over basic technical analysis strategies in order to give you the edge in making more profitable trades. >>More Details



      This 15 video training series gives very specific options strategies that go beyond the simple calls and puts of basic options trading. >>More Details



      Lee is a successful stock options trader who began trading large cap stocks in 1984 before online trading was even popular. Lee enjoys teaching people how to buy long term options and sell short term options. >>More Details

    • Stock Options 101

      Options EducationMarket Videos

      Options EducationTechnical Analysis SeriesWeek Ahead Webinars

    • Options EducationAdvanced Options StrategiesTrading with Lee Malone

      Intro to TradingMarket Videos

  • Contact
    • Live Chat Support

      *Non-Logged In Only Service

      Click on the chat bubble at the bottom of the screen for live support anytime.

      Technical Support Email

      *For Anyone Anytime

      Send an Email Now

      Use this email address for any pre-sale or technical support questions you might have.

    • Private Chat

      *Gold+ Members Only Service

      You can start a private chat with any other member within the chatroom. You can also create a friend list within the room so that you can access people more quickly.

      Private Messaging

      *Members Only Service

      Type the name of the member you'd like to message below. Click their profile to send them a friend request or private message.




UPB June 29th Option Recap – SPY SINA BIDU MA NKE

June 28, 2012 uranium-pinto-beans Leave a comment
UPB June 29th Option Recap – SPY SINA BIDU MA NKE

UPB June 29th Option Recap - SPY SINA BIDU MA NKE

 

FACEBOOK Analysts Think The Stock Is Going To……..

June 27, 2012 uranium-pinto-beans Leave a comment
FACEBOOK  Analysts Think The Stock Is Going To……..

 

FACEBOOK  Analysts Think The Stock Is Going To Go Higher... Imagine That.

Today, over a month since the Facebook IPO debacle,  analysts were able to tell the world whether or not they liked FB shares.  Lead underwriter Morgan Stanley was liking shares at $38 the day of the IPO, where do you think they liked them at today?  For those who weren't watching FB trade the first day, or were busy funding an account in hopes of backing up the truck on the biggest front loaded dump IPO we've ever seen, you would not have noticed the floor that was put in at $38.  The powers that be were not going to leave home that day with egg on their face by letting FB close a tick below $38... and it didn't.  So much for a free market.  The day after the IPO and over the next few weeks the stock fell quicker than a drunk whose Friends secretly tied his shoes together, and proceeded to laugh furiously as he collapsed numerous times before ultimately figuring out what was causing him to fall.

And like that drunk FB was able to shake off the embarrassment of the IPO and these days finds its stock heading higher.

If Morgan Stanley was protecting that $38 figure and was so confident that FB was worth $38, what possibly could their Analyst price target be for FB?  Ok, I'll save all your pent up excitement..... its $38!!  Amazing!  These guys at Morgan Stanley are simply brilliant.  It gets better...  the average Analyst estimate is  $37.95.  Astounding!  Below are some popular analysts and their price targets for FB.  Notice how all the prices are for FB trading higher.  It's like every weatherman calling for the next 365 days to be sunny.  Who needs college, a degree, and type of knowledge?  Just buy buy buy.

Lets see what transpires over the next 12 months.

 

According to the average analyst estimate compiled by Bloomberg, Facebook shares “will increase to $37.95 over the next year, 5 cents less than the initial price set when shares began trading in May.”

JPMorgan, another lead Facebook underwriter, initiated coverage with an “overweight” rating and a $45 12-month price target.

“As the underlying social fabric of the Web, Facebook is a unique platform asset with strong network effects, a deep competitive moat, and unparalleled social context,” JPMorgan analysts wrote. “We believe the next phase of the Internet will be driven by data and powered by ubiquitous online access, and Facebook is well positioned here through its large and engaged user base, virtual ownership of the social graph, and unwavering focus on the user experience.”

Here’s a selection of other newly-released analyst reports on Facebook, via The Wall Street Journal. Facebook stock traded early Wednesday at $32.05, down 3% from the previous day’s close, and 13.5% below the IPO opening price.

  • Goldman Sachs, also a lead underwriter, initiated coverage with a “buy” rating and a $42 12-month price target.
  • RBC Capital Markets launched its coverage with an “outperform” rating and a $40 price target.
  • Bank of America Merrill Lynch came in with a “neutral” rating, and $38 price target.
  • Citigroup was also “neutral,” with a $35 price target.
  • Barclays started its coverage with an “equal weight” rating and a $35 price target.
Trade Tip

Sears Holdings Corporation (SHLD)

June 27, 2012 jimmybob Leave a comment

Making money on options can be a tricky business, as a mere 1% move may result in a losing trade. Finding ones that may move 5-10% in a few day trading window is the recipe for success. Obviously finding them is the hard part. Sears Holdings Corporation (SHLD) came up up on a scan this morning and has a history for some large moves.

Looking at the chart, a break of $57.83 should ignite a sharper rally. We are currently holding the $60 weekly and July calls.

 

shld

The Waterfall

June 26, 2012 jimmybob 1 Comment

How does that saying go? When it smells like shit, looks like shit, tastes like shit, and came out of an a^^hole... it probably is shit... right? Well yeah. So lets apply those adjectives to the world economy: little to no growth in developed economies, huge debt issues in europe, a slowing china economy, a U.S. fiscal cliff, along with political unrest and change in some of the emerging countries. The world economy sure as hell looks like shit and would probably would smell like shit if DEBT had an odor.

Amongst all the macro economic conditions, the markets has rallied off their lows from October of 2011. Has anything really changed since then? Well yes. What changed is that we learned the world Central Banks will continue to throw band-aids onto the wounds - tricks they learned from the 2008 crisis. While retail traders are fixated on the doom and gloom headlines on CNBC, big money is bidding up stocks, knowing they have a security blanket and a friend waiting to pick them up when they fall down.

If you have read this blog or followed this site for the last few months, you have seen I am a bear at heart, but short term bull. It comes from years of fighting the same thing folks are fighting now. Fighting a tape thats rigged, knowing there is some red button that gets pushed in some office at 3:30pm to protect the markets. Now with the advent of the high frequency traders, you have even more reason to be wary. You have computers trading anything but the fundamentals of the market. It is hard work being a bear, and quite honestly, you can feel a bit evil being one. It sometimes makes me feel like Jack Nicholson in  batman.

But here it is June 25th, 2012, and I think my market sentiment has started to change. Usually making money in the market comes from going against the grain. Buying when folks are selling, and selling when folks are buying. Puts now? Sell? Go short? Isn't that what everyone is saying? In a way, yes. But timing is where folks get things wrong. I was talking about SPY $127.75-127.90 as my line in the sand. We break that and I am full on BEAR... buy the ammo, get the canned goods, and run to a bomb shelter. Well not that serious, but enough to get me concerned.

Last thursdays action was the turning point for me. It looked like folks were 'UNLOADING" shares as opposed to "SELLING" shares. Of course we had our ramp up on friday on light volume, but it was not with conviction. Monday's action confirmed my fears. Looks like we will have some type of waterfall sell-off to $120-$122 in the SPY in the coming week or two. Again, if we hold SPY $127.75-$127-90, then we should be ok. But my gut says we have some acceleration of the selling we have seen, and the market will tumble.

Stay tuned for more analysis, and check out our watchlist before the open. Updated SPY chart below...

 

callsEarningsmulti-baggerspyWatchlist

June 22nd Option Market Recap – SPY, VIX, MA, FB, BBBY, FCX

June 22, 2012 uranium-pinto-beans Leave a comment
June 22nd Option Market Recap – SPY, VIX, MA, FB, BBBY, FCX

June 22nd Option Market Recap - SPY, VIX, MA, FB, BBBY, FCX

fbFCXmaspyVIX

Posts navigation

← Previous 1 … 1,688 1,689 1,690 … 1,742 Next →

Upcoming Webinars

february

The Week AheadWith JB and UPB - For Gold and AboveMembership Level:GoldSpeaker:JimmybobUranium Pintobeans

Event Details

This is a Webinar that is uploaded and  typically avaiable to watch by Sunday Afternoon. We discuss news, charts, catalysts, earnings, and trades we are interested in for next week. Click

Event Details

This is a Webinar that is uploaded and  typically avaiable to watch by Sunday Afternoon. We discuss news, charts, catalysts, earnings, and trades we are interested in for next week.

Click HERE for registration details. After registering, you will receive a confirmation email with more information.

*The exact time and day will be decided and announced through email after you have registered

Time

Year Around Event

Organizer

JimmyBob info@optionmillionaires.com

Learn More

Calendar GoogleCal

The Week AheadWith JB and UPB - For Gold and AboveMembership Level:GoldSpeaker:JimmybobUranium Pintobeans

Event Details

This is a Webinar that is uploaded and  typically avaiable to watch by Sunday Afternoon. We discuss news, charts, catalysts, earnings, and trades we are interested in for next week. Click

Event Details

This is a Webinar that is uploaded and  typically avaiable to watch by Sunday Afternoon. We discuss news, charts, catalysts, earnings, and trades we are interested in for next week.

Click HERE for registration details. After registering, you will receive a confirmation email with more information.

*The exact time and day will be decided and announced through email after you have registered

Time

Year Around Event

Organizer

JimmyBob info@optionmillionaires.com

Learn More

Calendar GoogleCal

The Week AheadWith JB and UPB - For Gold and AboveMembership Level:GoldSpeaker:JimmybobUranium Pintobeans

Event Details

This is a Webinar that is uploaded and  typically avaiable to watch by Sunday Afternoon. We discuss news, charts, catalysts, earnings, and trades we are interested in for next week. Click

Event Details

This is a Webinar that is uploaded and  typically avaiable to watch by Sunday Afternoon. We discuss news, charts, catalysts, earnings, and trades we are interested in for next week.

Click HERE for registration details. After registering, you will receive a confirmation email with more information.

*The exact time and day will be decided and announced through email after you have registered

Time

Year Around Event

Organizer

JimmyBob info@optionmillionaires.com

Learn More

Calendar GoogleCal

Option Millionaires Twitter Feed

OM Favorites

  • 12,975% FIVE OF THE LAST SIX WEEKS?
  • NFLX – Why We Trade Options
  • Chipotle Puts Go Haywire
  • OPEN — Why We Trade Options
  • The Bull Case on Nevro Update
  • QE to Infinity and Beyond
  • The Perfect Trader

Latest Blog Posts

  • Some Implied Moves for Earnings Next week ( Feb 6th – Feb 10th) – 600 companies Reporting
  • February 3rd, 2023 Watch List
  • Chart Scan
  • morning reads
  • February 2nd, 2023 Watch List

Recent Comments

  • uranium-pinto-beans on New Chatroom Pointers
  • Woodncross on New Chatroom Pointers
  • uranium-pinto-beans on More Bull Traps
  • uranium-pinto-beans on More Bull Traps
  • uranium-pinto-beans on More Bull Traps

The best stock options traders meet here daily. FREE TRIAL to interact in stock forums, stock trading chatroom, and the stock options blog!

See More Wins

Member Testimonials

A Great Investment!

Witnessed unbelievable stuff in the chat room today, if you are considering signing up>>> I made 3x the monthly fee in only 1 play today of the many winners that were played...

OM Member posting on iHub View All

Great Community

Been with them for over a year, great people and education value. Highly diversified community with many different strategies.

Dubi from Investimonials View All

Thank You OM ChatRoom!

Doubled my very small acct. this week on two trades, INTC and CME. Thanks guys and will be a paying member after my trial expires as long as I am working 2nd shift. Really incredible what you guys have put together here.

A Gold Member View All

Great Week!

Awesome week everybody, DIS, ISRG, TWTR, SSYS. All money making plays, I left a lot on the table but had a great week mainly thanks to the room!

A Gold Member

View All

Great Job!

Great job today everyone!! Great job JB, UPB love options!! love this place..been here since September...never leaving!!

Chatroom Member

View All

Expectations Exceeded

I owe OM a lot, have learned more then I could have ever imagined from the room
Proudly powered by WordPress