Buying Oversold Oil… XOM, WFT, NBR

by | 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...

Exiting Noodles and Harley, and Half of VXX Puts

by | 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...

Higher Risk IBM January 2015 180 Call up to $3

by | 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...

Exiting CELG, GILD, LULU and ZQK

by | 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...

Exit half of Celgene and Gilead calls for Gains

by | 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...

[Trade Alert] Picking up Celgene and Gilead calls

by | 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...

Selling to Close Half of HD January 2015 87.50 Put

by | 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...

Exit Dow Puts, PetSmart Puts, Consider Dow Calls

by | Oct 13, 2014 | Uncategorized

Fear has reached an epic level on Wall Street. Every one is running scared. Consider selling to close the DIA December 2014 170 put today, as well as the PETM October 70 put now deep in the money. Once you close out those positions, consider buying to open the DIA...