by Ian Cooper | Oct 23, 2014 | Uncategorized
After moving lower, Alibaba (BABA) is beginning to move higher… fast. Consider closing out the BABA January 82.50 put at a loss… and let the BABA January 90 calls run higher. The underlying stock is now up to $94.30, giving us more than 50% on that side of the trade....
by Ian Cooper | Oct 22, 2014 | Uncategorized
As we near the elections, volatility may begin to increase again. So let’s sell to close the second half of the VXX December 36 put for solid gains today. We closed half yesterday for up to 18% max gains. These put options last traded at $6.35 x $6.45. Hold all...
by Ian Cooper | Oct 22, 2014 | Uncategorized
After taking fast gains on Celgene and Gilead, I’m turning my attention to still oversold names in the oil sector. The double-digit drop in oil prices was a result of a strong dollar, the IMF decision to lower the global growth forecast, and the IEA decision to cut...
by Ian Cooper | Oct 21, 2014 | Uncategorized
As we near expiration on the Noodles & Company (NDLS) November 22.50 calls, consider selling to close the position now. As of 10 am EST, I show a last trade of $1.70. Close it out. Consider selling to close half of the VXX December 36 put, as well. Volatility...
by Ian Cooper | Oct 20, 2014 | Uncategorized
Shares of IBM are down $12 on the day on earnings… But this isn’t the first time IBM has fallen this hard, this fast. Over the last year, it plummeted three times to the same support level and bounced each time. IBM now sits at the same support level, oversold. All I...
by Ian Cooper | Oct 20, 2014 | Uncategorized
On October 16, I issued a buy consideration on the CELG January 90 call, and the GILD January 105 call. Both underlying stocks were wildly oversold, finding support after a massive 900-point drop on the Dow. The next day, I recommended that you consider exiting half...
by Ian Cooper | Oct 17, 2014 | Uncategorized
This worked out a bit quicker than we thought it would. While our goal with this service is to hold trades long-term, the profit opportunity today is too good to pass on. As the market lost its mind again yesterday, we issued a buy on the GILD January 105 call and the...
by Ian Cooper | Oct 16, 2014 | Uncategorized
After taking some good gains on the volatility calls in recent days, Staples, and McDonald’s, many positions in the open portfolio took a hit on the 1,000-point move lower. I recommend holding all position, though. There’s still time remaining. Today, I wanted to...
by Ian Cooper | Oct 16, 2014 | Uncategorized
The market continues to meltdown… But it’s now becoming over-extended, and massively oversold, though, in need of a bounce. There’s hope we’ll see a bounce before the elections. The other day, I recommended selling to close the Home Depot (HD) November 87.50 put...
by Ian Cooper | Oct 14, 2014 | Uncategorized
Shares of Home Depot (HD) took a beating over the last couple days, a long overdue one. Down another 80 cents on the day, the second half of the HD November 87.50 puts now trade around $2.15. From an entry price of $1.70 that’s not a bad gain. Sell to close this...
