OPTIONSMART MORNING UPDATE: Ignored positive economic data

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OPTIONSMART MORNING UPDATE: Ignored positive economic data

OPTIONSMART MORNING UPDATE: Ignored positive economic data

1. OUTLOOK: Despite strong new home sales data, stocks made another lackluster finish. The Nasdaq, on the other hand, continues to lag its counterparts as large-cap tech names like Apple and Google come under pressure. A revised reading on GDP is due today. The weekly jobless claims report is also on tap. After the close, tech bellwether Dell reports quarterly results. We don't think this report can ignite the tech sector. U.S futures point to a neutral open.

2. TRADING OPPORTUNITY: n/a

3. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADABLE WITH OUR PARTNER BROKERAGES: to be published in September.

MOST RECENT FREE TRADE: CSCO Oct 19/21 Bullish Debit Call Spread: Bought @1.45 on 08/13/09 and sold @1.60 on 08/21/09 with a 10.3% gain in 8 days!

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4. Momentum Plays Most Recent Trades:

INTC Oct 17/19 Debit Call Spread

Bought @1.31 on 08/14/09 and sold @1.46 on 08/26/09 with a 11% gain in 12 days!

MCD Sep 50/55 Debit Call Spread

Bought @4.20 on 07/28/09 and sold @4.65 on 08/25/09 with a 11% gain in 27 days!

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August 27th, 2009 at 6:55 am

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OPTIONSMART MORNING UPDATE: Ignored positive economic data

INTC Oct 17/19 Debit Call Spread Bought @1.31 on 08/14/09 and sold @1.46 on 08/26/09 with a 11% gain in 12 days! MCD Sep 50/55 Debit Call Spread Bought @4.20 on 07/28/09 and sold @4.65 on 08/25/09 with a 11% gain in 27 days!

INTC Oct 17/19 Debit Call Spread Bought @1.31 on 08/14/09 and sold @1.46 on 08/26/09 with a 11% gain in 12 days! MCD Sep 50/55 Debit Call Spread Bought @4.20 on 07/28/09 and sold @4.65 on 08/25/09 with a 11% gain in 27 days!

INTC Oct 17/19 Debit Call Spread

MCD Sep 50/55 Debit Call Spread

INTC Oct 17/19 Debit Call Spread

Bought @1.31 on 08/14/09 and sold @1.46 on 08/26/09 with a 11% gain in 12 days!

MCD Sep 50/55 Debit Call Spread

Bought @4.20 on 07/28/09 and sold @4.65 on 08/25/09 with a 11% gain in 27 days!

INTC Oct 17/19 Debit Call Spread

Bought @1.31 on 08/14/09 and sold @1.46 on 08/26/09 with a 11% gain in 12 days!

MCD Sep 50/55 Debit Call Spread

Bought @4.20 on 07/28/09 and sold @4.65 on 08/25/09 with a 11% gain in 27 days!