Index and Earnings Options Play List for 10/13/2017 Index and Earnings Options Play List for 10/13/2017

Financial Sector Pulls Back on Earnings

8:00am (EST)

The market traded mostly lower throughout Thursday’s session as the start of 3Q earnings season gets underway. The financials were in the spotlight and led the laggards despite upbeat earnings from the sector. The Dow and S&P 500 did show midday strength by setting fresh record highs but closed in the red along with the Nasdaq. The Russell 2000 also finished slightly lower but continues to hold the 1,500 level.

The Dow fell 31 points, or 0.1%, to finish at 22,841. The blue-chips opened lower but traded to an all-time high of 22,884 intraday. Lower resistance at 22,850-23,000 held before the fade to 22,821. Support at 22,600 easily held with risk to 22,400-22,350 on a move below this level.

The S&P 500 slipped 4 points, or 0.2%, to end just under 2,551. The index tested a record high of 2,555 at the start trading with with lower resistance at 2,560-2,575 holding. Support at 2,540 is back on play following the backtest to 2,548 into the closing bell. A close below this level could lead to a retest to 2,525-2,520.

The Nasdaq dropped 12 points, or 0.2%, to close at 6,591. Tech made an intraday run to 6,613 and another record high to keep resistance at 6,650-6,700 in the mix. The opening low of 6,586 held support at 6,575-6,550 holding.

The Russell 2000 gave back nearly 2 points, or 0.1%, to settle at 1,505. The small-caps bottomed at 1,501 at the start of trading with support at 1,500-1,490 holding. There is risk to 1,475-1,470 on a move below the latter. Resistance at 1,515-1,525 held on the brief trip into positive territory to 1,508.

The S&P 500 Volatility Index ($VIX, 9.91, up 0.06) tested a high of 10.33 on the open with lower resistance at 10.50-11.50 holding. Support at 9.75-9.50 was split following the low of 9.65 afterwards.

Exfo (EXFO) reported earnings after Thursday's close

Bank of America (BAC), JB Hunt (JBHT), Wells Fargo (WFC) are announcing numbers this morning.


Our top triple-digit winning option recommendations for 2017:

+900% Lumber Liquidators August 27.50 calls (August 2017)
+300% JD June 37 calls (May 2017)
+300% Kate Spade March 20 calls (March 2017)
+300% Imax May 30 puts (May 2017)
+286% Fastenal May 49 puts (April 2017)
+246% Dick's Sporting Goods June 45 puts (May 2017)
+244% Starbucks February 57.50 puts (February 2017)
+200% GameStop April 22.50 puts (March 2017)
+173% Alibaba February 100 calls (January 2017)
+169% Amicus Therapeutics August 12 calls (July 2017)
+110% Amicus Therapeutics July 8 calls (June 2017)
+100% Cisco Systems October 32 calls (September 2017)
+100% Bank of America July 23 calls (June 2017)
+100% PowerShares QQQ ETF February 122 calls (January 2017)
+100% Array BioPharma January 8 calls (January 2017)


As our membership has now swelled to over 54,000 readers and active traders, we are proud to offer you these incredibly low prices. But hurry, this promotion is limited to the first 250 new subscribers and won't last long.

Our next batch of trades are coming out like a rocket ship and we are expecting explosive market moves throughout the month! Get in now to play the continued run to all-time highs, or a possible pullback, at some point.

Membership Options

***Remember, we will double any membership you choose at no extra cost. In other words, you are getting a 50% discount!

All of our memberships are non-reoccurring so please maximize the best deal because this offer won't last long. In fact due to demand and limited memberships, we will only keep this offer limited to the first 250 subscribers!

1 month - regularly $129

3 Month - regularly $261

6 Month - regularly $462

1 Year - regularly $924

Membership Options

Remember, these are one-time payments and you won't be billed ever again afterwards. Of course, we would like you to always continue your membership but we understand people do not want this burden. Besides, we know once you start making money, you will easily sign back up on your own.

Sign-up now for the best earnings and index option trading service in the business. We will see you at the opening bell as soon as you get on board. This is one of the best times ever, and we mean EVER, to trade the market. We want you to experience these incredible returns and possible explosive market moves that are coming throughout the rest of the year.

We have New Trades every week so you can play the market's possible continued run to record highs, or a major selloff, in the coming weeks and months. We profile bullish AND bearish option trades that can make you just as much money in up markets or in down markets!

Thank you for your patronage and let's go make some money!

Subscription link:

Membership Options

Subscribe today to get our latest triple-digit winner! This offers expires once we reach 250 new subscribers and we expect demand to be overwhelming.

Support Team