Tag Archives: calls

November 19th, 2013 Watch List

The DOW crossed 16,000 for the first time and the SPY ramped into all-time highs yesterday only to fade at the trading day's end. TSLA continued to be under pressure and broke under $130 while SCTY also saw some selling and broke under $50 in the afternoon. Some of the pullback in SCTY can be attributed to this Congressional inquiry : http://blogs.barrons.com/techtraderdaily/2013/11/18/barrons-story-on-solarcity-sparks-congressional-inquiry/?mod=yahoobarrons&ru=yahoo .

3-D stocks continued to ramp higher yesterday with my favorite, SSYS, hitting new highs. I locked my $145 calls in, as I'm worried about a pullback on the stocks. I still love the sector, however, and will be jumping back into SSYS when it looks right.

HD reported another strong quarter this morning and the stock is back over its May 213 high while BBY also reported a nice quarter but warned on margins going forward, thus putting the stock down pre-market.

Bitcoin continues to gather some attention as it broke above $600 yesterday, while also hitting $900 last night, though it eventually fell back into the $500s. It's crazy to watch the trading, but that's all I'll do for right now.

I grabbed some ICE January $230 calls and think the stock is poised to break out over $210 this week. The January strikes will give the stock plenty of time to get to $220, and that was my reasoning in getting January instead of December.

I saw some weakness in AAPL and bought some $505 puts near the end of the day. I'll be quick to close them out if I see strength this morning, however. And here's why I bought some: http://stocktwits.com/message/17489521

Not too many analyst changes for today, but here are the ones of note:

GME GameStop is transition period winner, says RW Baird
Baird views GameStop as a transition period winner that benefited from strong sales of GTA V and strong digital and Mobile growth offsetting slower sales of current-gen hardware and software. The firm sees GameStop as a way for investors to play the new console cycle and sees earnings upside in 2014 and beyond. Shares are Outperform rated with a $57 price target
CVS Caremark to benefit from healthcare reform, says Jefferies
Jefferies says CVS Caremark is well positioned to benefit from healthcare reform after its research indicated the company stands to be the biggest pharmacy benefit manager beneficiary from Medicaid expansion. The firm keeps a Buy rating on CVS with a $71 price target
CRM Salesforce.com price target raised to $65 from $54 at Canaccord
Canaccord said Salesforce.com's earnings report was solid and positions the stock well for 2014. Salesforce.com is Canaccord's favorite large-cap growth stock for 2014 given growth rates and cash flow margins. Shares are Buy rated
GMCR SunTrust cautious ahead of Green Mountain's Q4 report
SunTrust is confident Green Mountain will beat its $970M revenue estimate, consensus $964M, but has concerns regarding decelerating K-Cup growth reported by Nielsen and that FY14 guidance will be back-end loaded. The firm said the company shipped 5M brewers in Q1, making comps difficult. Shares are Neutral rated with an $80 price target
P Pandora Q3 ad revenue likely to beat expectations, says MKM Partners
MKM Partners expects Pandora's Q3 ad revenue to surpass expectations. However, the firm continues to believe that the company's EPS will not exceed $1 in 2015, and it expects the stock to undergo "a meaningful correction" when revenue momentum slows. The firm keeps a Sell rating on the stock
JACK Jack in the Box attractively valued, says BofA/Merrill
BofA/Merrill expects Jack in the Box to report Q4 EPS of 41c vs. consensus of 39c, on flattish comps. The analyst believes shares are the least expensive in the quick service restaurant universe and maintains its above Street FY14 EPS estimate of $2.20. Shares are Buy rated with a $50 price target

WHR Whirlpool downgraded to Market Perform from Outperform at Raymond James

DE Deere likely to guide consensus estimates lower tomorrow, says UBS
UBS said the proposed EPA announcement to reduce renewable fuel standards for 2014 is a headwind for ethanol production, combined with tightening credit conditions, and falling farmland values in certain regions, will result in weakening order trends for Deere. The firm expects Deere to guide 2014 consensus estimate lower tomorrow and reiterates its Sell rating and $72 price target

Yesterday's fade in SHLD provides a nice opportunity to grab some long some calls before earnings (I'll most likely sell all of them before earnings if I do get in, though). I may also try for some more ICE calls with CC this morning, amid news of synergies from the NYX merger.

Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
ICE CALL $240.00 January 0.40 0.35
SHLD CALL $85.00 December 0.53 0.47

Let's have a great day!

- JB

5-14-2013 Watch List


Yesterday was a slightly mixed trading session as the market pulled mostly into the green. We had retail sales numbers yesterday, and import numbers today. Nothing that should move the market much. The number I am looking forward to is the CPI number released thursday at 8:30am. I am still a bear on Silver and Gold, and still hold my 22.50 puts that expire this week. Why am I holding them even when i could have locked them in for 50%+ profit 2 times over the past week? I think Silver and Gold will have another ‘down the rabbit hole’moment, where we see a serious 5-10% decline over  24-48 hours. That is what I am holding for.

The WSJ had two articles about possible inflation worries... well actually the lack thereof. Where worldwide inflation levels have dropped the most in many years. Here are the articles although you probably need a WSJ subscription:







There has been many rumbling over the past week on the Feds plan to scale back QE. I think thats more of a need for news outlets to lure readers in. We shall see. Possible deflation can be devastating to the recovery and the CPI number on thursday will be a great indicator on what more measures the Fed may need to take to get things back on track.


There have been some monster moves in some individual equities over the years, but this move in TSLA has to take one of the top spots. The stock move up another double digits yesterday, and is up again pre-market. Believing the unthinkable on a momentum play like this can yield gigantic returns on options, so congrats to anyone who bought early and is still holding!


I like quite a few stocks this week, but like WYNN and NFLX to really breakout. Here is my write-up from last night(gold and above) : https://www.optionmillionaires.com/2013/two-stocks-on-the-move/


Here are some of the analyst changes of note today:



YHOO Yahoo price target raised to $30 from $27 at Goldman
Goldman raised Yahoo estimates to account for Alibaba, continued growth acceleration, and appreciation in Yahoo! Japan shares. The firm rates Yahoo1 Conviction Buy.


SODA SodaStream price target raised to $68 from $60 at Oppenheimer
After SodaStream introduced a target of $1B in sales by 2016 at its Analyst Day, Oppenheimer thinks that the company's growth strategy is just getting started, and should lead to continued meaningful improvement in financial results for the foreseeable future. The firm keeps an Outperform rating on the stock.


FOSL Fossil initiated with an Equal Weight at Stephens
Target $115.


TSLA Tesla price target raised to $103 from $47 at Morgan Stanley
Morgan Stanley believes the market is starting to realize Tesla's competency in technology, engineering, marketing, and manufacturing. The firm expects shares to continue to move higher driven by funding through regulatory credits, leasing program affordability, opportunistic capital raises given high share price, and model introductions, among other reasons. Shares are Overweight rated.


SSYS Stratasys price target raised to $94 from $80 at Needham
Needham raised its price target for Stratasys citing the company's solid Q1 results and reiterates a Buy rating on the stock.


YHOO Yahoo price target raised to $30 from $26 at Cantor
Cantor increased its price target on Yahoo, citing Alibaba's revenue growth acceleration in Q4 and improvements in Yahoo's unique visitor levels since Marissa Mayer became its CEO. The firm keeps a Buy rating on Yahoo.


SCTY SolarCity downgraded to Neutral from Buy at Roth Capital
Roth Capital downgraded SolarCity citing valuation. Price target raised to $30 from $20


V Visa price target raised to $196 from $177 at Deutsche Bank
Deutsche Bank raised its price target for Visa after meeting with the company's CEO Charlie Scharf and keeps a Buy rating on the stock




Here are the strikes I am looking at this morning:



Stock Ticker Call/Put Strike Expiration Closing Price Entry Price
WYNN CALL $145.00 Weekly 0.26 0.20
NFLX CALL $260.00 Weekly 0.30 0.26
DE CALL $97.50 Weekly 0.32 0.30




Will look to possibly add to my WYNN and NFLX position, while also adding some DE calls for earnings tomorrow AM.


Lets have a great day folks!


- JB