Tag Archives: FCX

Trade Ideas For This Week – GOOG, AAPL, FCX, BA

Earnings continue this week with some big retailers reporting earnings.  This should offer an opportunity to make a profitable trade.  GOOG hit new highs last week and looks ready to make an even bigger move, which way will it go this week?  AAPL continues to break higher after a 6 month downtrend, will it keep moving up or will the stock pull back?


AAPL I think a move back to $500 is coming, and it could come as soon as this week.  A break of $500 would require an over 10% move from AAPL's close on Friday.

I will be looking for calls this week.  I like the $480 strike for $.48.  If we get a move to $500 these options will offer a tremendous return.  A move to ~$470 by mid-week will also see these options rise in value.

The Trade Idea:

AAPL $480 weekly calls for $.48


GOOG has been on a strong run the last few weeks and sits right near the all time highs it hit last week.  I think it moves over $900 and to $1,000 before it gets a big pull back.  The stock has broken out of a 5 year channel.  A break below $820 negates the move to $1,000, and I will become bearish there.  I like the $915 calls for this week.

The trade idea:

GOOG $915 calls $1.00


BA has been consistently heading higher and recently hit new highs.  An analyst last week raised the stock from a sell to a hold.  My question is, if I listened to you and sold the stock, how the heck am I supposed to hold it now if I don't have any shares left?  Like we saw with AAPL, the bottom is usually confirmed when the last analyst caves in and downgrades the stock.  With BA the stock has seen a bevy of upgrades and a host of positive comments.  We should see at least a short term pull back to the $90 area.  I like the $92.5 puts for a pull back last price $.39.  I would like to get them cheaper if I can.

The trade idea:

BA weekly $92.5 puts for $.30


FCX has seen a magnificent move from its neck line test a few weeks ago at $27.50.  This rally is running out of steam and I like the risk reward on the weekly FCX $32.50 puts last trade $.48.

The trade idea:

FCX weekly $32.50 puts $.48


I will post other trade ideas later this week in the chat room, blog, and/or forum.

Have a great week,