Archive for the ‘Trading Idea’ Category

Buying Devon Energy Calls

Jul 22, 2010 Options, Trading Idea

We’ve sent out a buy alert on the Devon Energy (DVN) August 62.50 calls to subscribers of our Options Capitalist service. We are looking for a continuation of the upward momentum in crude oil prices, which will be beneficial for energy stocks.

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Buying FCX And SNDK Call Options

Jul 13, 2010 Options, Trading Idea

Markets are poised for a higher open. We are recommending subscribers to The Options Capitalist buy the Sandisk (SNDK) Aug 48 calls and the Freeport McMoRan (FCX) Aug 65 calls.

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Free Trade Of The Day

Jun 25, 2010 Trading Idea

We just sent out the following trade alert to subscribers of our Navivest Options Capitalist Service:

The Options Capitalist
06/24/10
Caterpillar (CAT) $63.86

It looks like we may see some buying today and stocks could recover from the week long swoon. Buy the Caterpillar (CAT) July 2010 65 calls. Current price is $1.64 by $1.66.

Navivest

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Buy Stocks Here On Rebound Expectation

Jun 25, 2010 Stock Market, Stock to watch, Technical Analysis, Trading Idea

With the exception of Wednesday when we had a small move to the upside, the major indices have been down every day this week and today we are also seeing some weakness in stocks. However, we are looking for a rebound and traders can start buying here for some quick profits today.

In early afternoon trading, Wynn Resorts (WYNN) is up $0.87 to $86.90 and we are looking for some more upside in the shares. Yesterday, we sent out a buy trade alert to subscribers of our Navivest Options Capitalist service on the Wynn July 90 calls.

We also like commodity related stocks, which while already up on the day, should see some more upside. In the space, we like Freeport McMoRan (FCX), which is only up $1.26 to $64.70.

More on this topic (What's this?)
Fibozachi Forecast (Phil’s Stock World - Members S..., 4/19/10)
Fibozachi Forecast: Week of April 19 (Phil’s Stock World - Members S..., 4/19/10)
(WYNN) Wynn Resorts’ Quarterly Earnings Beat Estimate (Stock Blog Hub, 5/5/10)
Read more on Wynn Resorts at Wikinvest

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Trade Of The Day – Buy Allegheny Technologues

May 17, 2010 Trading Idea

From the latest issue of Navivest Active Trader.

We are looking for a rebound in the stock market in the next couple days and Allegheny Technologies (ATI), which is close to support, should move to the upside nicely. Buy here between $51.75 and $51.90.

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Two Day Profits of 51% On Goldman Sachs Puts

Apr 30, 2010 Options, Trading Idea

On Tuesday April 27, we sent a buy alert out to subscribers of our Options Capitalist subscription service for options traders, recommending that they purchase the Goldman Sachs (GS) May 2010 145 puts. We entered into the trade at $3.80. We also posted the trade right here on the Navivest blog, for the benefit of our readers.

This morning at 10:53 AM, with Goldman Sachs down over $12, we sent out an exit alert, recommending subscribers put in a good til cancel order to sell the puts at $5.75. The order was filled soon thereafter, giving us profits of 51% in just three days.

The Options Capitalist is a twice a week service for option traders. More info on the service can be found here.

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Trade Of The Day – Buy Goldman Sachs Puts

Apr 27, 2010 Options, Trading Idea

The following trade is from the latest issue of The Options Capitalist, Navivest’s subscription-based trade recommendation service for option traders. More info on the service can be found here.

After dropping more than twenty points on April 16 from $183.62 to $160.70 on news that the SEC was suing the company for fraud, Goldman Sachs’ stock had held above $150 since then, after finding support. Yesterday however, the stock broke below $150, falling $5.37 to $152.03, violating that support area.

Furthermore, Goldman CEO Lloyd Blankfein and Fabrice Tourre, the employee at the center of the scandal, are testifying in front of the senate today. This may result in some more selling of the shares.

Buy the Goldman Sachs May 2010 145 puts. The closing price yesterday was $3.65 with a $3.70 ask.

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Amazon A Possible Buy On Disapointing Forecast

Apr 23, 2010 Company News, Earnings, Stock Market, Stock to watch, Stocks On The Move, Trading Idea

Yesterday after the bell, online retailer Amazon (AMZN) reported better than expected 2010 Q1 revenue of $7.13 billion, against estimates of $6.87 billion and net income of $299 million or $0.66 per share, against forecasts of $0.61 per share.

Tempering the better than expected earnings news, the company reported that it expects operating profits for the 2010 Q2 period of $220 million to $320 million on revenue of $6.1 billion to $6.7 billion against forecasts of $6.43 billion in revenue and $327.8 million in operating profit.

On those forecasts, the company’s stock was sold off in after-hours trading, tradiing as low as $139.50 overnight. Fifteen minutes before the opening bell, the stock has recovered somewhat and is now only down $4.92 to $145.17.

Traders might want to watch the stock and if it continues to improve, go long the shares. That the stock is not down substantially could be a bullish sign and we may actually see it close higher today if the overall market is in bullish mode. If buying the stock, do so only if it is moving off the current lows of $145 and make this a one day trade, exiting the position today.

More on this topic (What's this?)
Your Cheat Sheet to Amazon’s 2nd Quarter Earnings (Wall St. Cheat Sheet, 7/21/10)
Amazon Inc (AMZN): Prices Could Go Down To $100 (Short-Term Trading, 4/18/10)
First Printing of ECONNED Sold Out Pre-Release (naked capitalism, 2/24/10)
Read more on Amazon.com at Wikinvest

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The Technical Trader – United Technologies

Apr 22, 2010 Stock to watch, Technical Analysis, Trading Idea

Yesterday, with the major indices barely closing to the upside, Dow component United Technologies (UTX) had a big day, climbing $2.73 or 3.68% to $76.93. The stock is squarely above its 50 and 200 day moving averages and should the stock market continue its slow but steady climb to the upside this week, traders should be able to scalp a few more upside points in the shares.

This is a short term trade and traders should look to take very early profits of $1.50 to $2.50. Enter only if the Dow is moving to the upside today.

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Trade of The Day – Short EOG Resources, Buy Puts

Apr 19, 2010 Stock to watch, Technical Analysis, Trading Idea

Oil and gas producer EOG Resources’ (EOG) shares have been a very strong performer the past three weeks and the stock is now overbought. We are looking for some weakness in the shares and if oil prices are up less than a dollar on Monday, we would short the stock here, or buy the May 2010 105 puts.

Navivest provides subscription based trading recommendation services. For more information on our services, visit our website at http://www.navivest.com

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