Apollo Group (APOL) Shares at 52-Week Lows

Shares of Apollo Group (APOL) are down 14% to $13.35 (down $2.19) after reporting earnings following Monday's close. They have traded to a low of $13.

We recommended our subscribers play the possible downward move by using the July 15 puts (APOL150717P00015000). The options are currently at $1.70, up 60 cents, and we profiled them at 68 cents. We suggested closing half the trade at $2 this morning and this target was reached on the free fall to $13. We should easily make 150% return as we are setting a stop on the other half of the trade.

Indexes Down 2% on Monday Selling Pressure

The Dow Jones is down 343 points to 17,602; S&P 500 off 42 points to 2,058; Nasdaq lower by 123 points to 4,957; Russell 2000 is sliding 29 points to 1,250. The S&P is now negative for the year.

The 2% selloff has been a blessing to our subscribers as we have three put option trades in play that have zoomed on today's pullback. Get on board now as 2Q earnings season also starts next week!

Market Braces for Greece Drama

The futures market is showing a nasty open on Monday for the U.S. stock market following a headline driven weekend dominated by the events in Greece. Dow (-262) S&P 500 (-30) Nasdaq 100 (-68) We have been telling our subscribers the market has been flashing a yellow light.  We are taking advantage of today’s drama […]

Continue reading...

Nike (NKE) Earnings After the Close

Nike (NKE) is announcing earnings after the closing bell today. Shares are currently sitting north of $105, down nearly $1, and will likely push past $110, or fall below $100, depending on the news. Wall Street is expecting the company to earn $0.83 cents a share on revenue of $7.69 billion. Option traders are targeting […]

Continue reading...

Short (AMBA) Here is a live trade we want you to put on this morning. The prices as of Friday’s close. Ambarella (AMBA, $119.35, down $7.35) September 90 puts (AMBA150918P00090000, $3.25, up $1.00) Thoughts: It is hard to short a stock that has shown strong momentum for 3 years. In fact, shares have run from $6 to a recent 52-week and all-time high north of $128. The stock has doubled this year alone. There have been a number of Wall Street upgrades following the company’s blowout quarter but shares look expensive here. We want to get into these options with limit orders up to $4.50. AMBA looks poised to fall below $100 over the near-term.

Continue reading...

Busy Week for IPO’s

There are 17 expected IPO ‘s (initial public offering) this week and here  are a few with their expected ticker symbols: AlarmHoldings (ALRM), Catabasis Pharmaceuticals (APPF), Glaukos (GKOS),  Milacron (MCRN), Principle Solar (PSWW), TransUnion (TRU) and Wayne Farms (WNFM). We may report on some of these rookies throughout the week.

Continue reading...