OPTIONSMART MORNING UPDATE: Restarted the advance

June 5th, 2009 at 8:45 am

OPTIONSMART MORNING UPDATE: Restarted the advance

1. OUTLOOK:  The tech sector overcame a rocky start to trend higher throughout afternoon trading. Stocks lacked direction in the early going as participants weighed disappointing monthly sales results from retailers against relatively encouraging jobless claims data. Intel will buy software maker Wind River for $884 million in cash. There is a rotation out of bonds, volatility is down. Market sentiment remains bullish.

QQQQ chart
2. OUR MOST RECENT  "MOMENTUM PLAYS" TRADE:
QCOM Jun 39/42.5 Debit Call Spread:
Bought @2.50 on 05/27/09 and sold @2.75 on 06/04/09 with a 10.0% gain in 8 days!

QCOM chart

Open 3-D Research Note on QCOM (in PDF format)

Why Momentum Plays Picks:
  • Based on 3-D Option TradingĀ© Approach
  • Average 11% return per trade (approx. 24 days long) during last four years
  • Very diversified, low-risk portfolio of 4-6 option positions
  • Focused on stocks just starting to gather momentum
  • Advanced trading technique to avoid losses
  • Sure possibility to win, even if the stock price remains unchanged
  • No trading skills or personal involvement in option trading. Thanks to our partnerships with major US brokerages, you can put your trading on auto-pilot. We monitor the market for trading opportunities, send email alerts to you and your brokerage. They execute the trading orders on your behalf. That's it!

Learn more about our "Momentum Plays" service! 

3. TRADING OPPORTUNITY:  None
4. OUR FREE MONTHLY TRADING RECOMMENDATION AUTO-TRADEABLE WITH OUR PARTNER BROKERAGES: to be published  in June.
Our most recent FREE pick has delivered a nice 11% gain just in 8 days!  It is absolutely free. Open your brokerage account, select OptionSmart as an newsletter publisher and Free Picks as a service. You will have our free monthly pick auto-traded. That's it!  You will like it and switch to our paid service very soon...

5. WISDOM NUGGETS:

Predetermine maximum losses in every potential trade. Do not risk more than 5% of your capital on any trade. Don't average your losses.

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