Tag Archives: CMG

1 Comment

Another day, another 4 1/2 year high hit. Think this will be the story through september. Yesterday was a solid day with a last minute sell-off, which seems to be the action as of late. The Germany concerns about ratifying the ECB bond purchases became a non-issue and stocks are moving up this morning. I am probably going to be reducing positions heading into Thursday as I think the risk for a sell-off is very possible, although i think we ramp higher.. but you have to minimize risk!

AAPL releases details on it's new iphone and should provide the stock with some WILD swings. Will not be playing it at all as its anyones guess what happens there.

Plays im in or watching:

 

MAKO - Still like the $20 calls as i think the stock breaks the $18.50 resistance from yesterday and doesnt look back. I maybe wrong but we have 8 days till expiry. Risky play..

LNKD - thought it would need a day or two breather, but looks like it may get some legs on FB move. Will look for $120/$125 sept calls.. either this week or next

AIG - think the anchor holding the stock down is gone, and it will move to $35 or so. Already have the 33.50 and 34.50 calls. May add to the 34.50s if they are cheap.

SODA - have the 40/42.50/45 Sept calls. I still like her and with GMCR still brewing, should see continued upside.

 

Others I am in : PCLN 650 calls/ WYNN 110 calls / NFLX 62.50 calls / CMG $370 calls

 

Thats all for now! Lets have a great WEDNESDAY!!!!

 

- Jimmybob

9-10 Watchlist

Leave a comment

 

Everyone is talking about the big news about QE3 coming thursday. As long as there is an announcement about extending the date for low rates AND some type of unorthodox easing program, i think the market continues to rally. Hopefully it is slow and steady 🙂 which will provide an environment for certain stocks to continue MULTI-DAY runs... those are the types that have the better odds a of returning huge gains.

On watch today:

SODA - Liked her at the start of the year and the story is even better now then before. Still a large short position and looks like folks have lost interest last few weeks, which means CHEAP CALLS. $40 calls @ .35/.40 looks like the play. Tight bollinger bands means impending break possibly coming.

WYNN - always on my watchlist and the real MACAU rev numbers for august came out. 2nd best month on record but still slow growth. I think WYNN looks to push over $110 this week and will play accordingly with $110 calls @ .33 or so. Playing WYNN recently has gotten me burned, but will take one big move to make up for it and then some. Think this maybe the week...

AIG - bought some calls last week that didnt pan out. The govt is selling $18 billion in shares from its stake and will become a minority shareholder. AIG selling off PM but i think this will turn today and head towards the $35 strike... Will look for some lotto calls at open.

Others on watch today: SLV, AGQ, GLD, AAPL, PCLN, LNKD, NFLX, SINA, BIDU -

Please check out UPB's look ahead from last night: https://www.optionmillionaires.com/2012/the-week-ahead-with-upb-2/

Was a great class last night.

Hope to see everyone in chat and lets have a great week!!

 

- Jimmybob

9-7 Watchlist

Leave a comment

It seems like just yesterday when the world thought Europe's financial system was going to collapse on the weight of its severe debt issues. We posted this in june : https://www.optionmillionaires.com/2012/the-bizzaro-jerry/ . Fast forward 3 months and we are now over 4 year  highs. Amazing! Are we better off now? Hard to say, but i guess the market thinks we are.

We had the August job numbers this morning. Unemployment dropped to 8.1% but less jobs were created then expected. Either way I think we ramp on these numbers. We are in a HEADS Bulls win TAILS bears lose environment.

I think we have some laggards follow through today, although I wouldnt call a 1%+ move being a laggard, but they did trail the indices. AAPL and PCLN are both on my early morning lotto radar for some calls today. PCLN was upgraded to buy and should see a 3-5%+ move. AAPL needs to break $680, then i think it flies to $690... Will look for $625/630 calls on PCLN and $685/690 on AAPL - PURE LOTTO PLAYS!

Others on watch today : CRM for the 150 break.

Still holding CMG calls and will add $310 calls on $305 break for lotto.

ISRG is another lotto. Will watch $500 calls for lotto.

 

Thats all for now. Lets finish the week GREEN!!!

 

- JImmybob

July 18th, 2012 Watchlist – WYNN, CMG, BIDU, LNKD, IMAX, VMW

Leave a comment

Big Ben did no disappoint yesterday, as the market sold off on his remarks, only to ramp up the rest of the day and finish solid green. The market is still struggling to find direction as worries shift to the US economy. Housing starts were up in June, and now we wait on Big Bens second day, where folks are betting we get some sort of update on QE. Good thing Earnings season is under way, so we don’t have to bank on his remarks!

 

WYNN reported last night, and the numbers were disappointing. Headlines don’t always tell the story, and i think the stocks current price understates the companies value and future growth. My gut says the stock rallies a bit today, but probably not enough this week to salvage my 105 calls. Will look for 100 calls sometime at open if i like what i see.

BIDU SINA – china stocks looked extremely weak yesterday, and folks used the ‘weakening’ china economy as the catalyst for the sell-off. China’s hard landing has been a story for sometime, so don’t see how it caused the panic sell-off we had on BIDU yesterday. BIDU is red pm so may look to add to my puts with some 100/95 puts at open. Will wait and see at open.

CMG – my gut says she moves 7-10% on earnings. Options are pricey but finally the 440 calls looks somewhat valued. Will look to grab some @ .60 or so, and hopefully sell half before the close thursday before earnings. I will have a write up on the stock sometime tonight.

Here is SGRAYs watchlist : http://www.stockcharts.com/public/1662759/

Obviously some other plays to watch today:

IMAX , GOOG, VMW, CRM, SEED, CF, MOS, LNKD, AXP

 

Lets have a great day!!

7-17-2012 Watchlist – FB, LNKD, CMG, WYNN

Leave a comment

Yesterday was a setup day for the week ahead. CMG WYNN and LNKD we on the watch list yesterday. Lets see how they play out this week. LNKD faded after the opening pop. WYNN and CMG held strong.

 

Seems like the ANALysts use the watch list as part of their research as both CMG and WYNN were upgraded this morning.

Still like WYNN for earnings, but doesn’t mean bet the farm. $105 weekly calls were reasonably priced at the open yesterday at .52/.55./60 throughout the morning. Figure WYNN may move 10%+ on a rosy forecast, so those 105 calls could be a 5-10 bagger come wednesday.

CMG calls are pricey so going way out of the money before the earnings thursday AH’s could prove to be a good bet. $450 calls or so IMHO.

BIG BEN bernacke will be all over CNBC today and tomorrow so expect continued expectations around some QE3 talks.

Stocks on watch today:

LNKD – still think she tests and breaks $110 sometime this week. Playing with 110 calls so far.

BLK- may look to get in on earnings. Like BLK down here, will post strikes in chat.

FB – Huge volume PM, may look for 30 calls at open.

CMG – out of the money calls for premium build – $440/450s

 

Thats all for now. I will be in audio most of the morning. Then after hours we pray for WYNN to PAY! ~

 

- Jimmybob