Special Note:
Charles Moskowitz was asked to appear for an interview at StockLegends.com.
The Show will air on Monday November 7th at 10:00 AM at http://www.stocklegends.com ,
we urge everyone to listen to the interview.
We have been asked to help those who do not wish to make a $100,000 commitment to an account to scale back the initial investment to a $10,000 account.
We are answering this request with an account that will only trade options. However, in order to take full advantage to this new account, you really need to also subscribe to our Texting service. There is no cost involved, but in order to receive all of the trading suggestions, in a high volatility environment, we need to communicate more often than weekly.
To subscribe, simply TEXT the word UPDATES to 69302
and you will automatically be included.
$10,000 OPTIONS ONLY ACCT:
New Trades for this week:
1. Buy 5 TLT November 117 Calls @ 1.75 OB
2. Buy 10 BAC December 6 Calls @ .75 OB
3. Buy 4 GRA December 40 calls @ 2.75 OB
The $10,000 Options Only account lost $ 370 last week, its twenty third week of trading.
We came into the week with a balance of $12,129.00 and with the loss last week decreased the gains to $11,759.00.
Three positions remain: the JAZZ Nov 36 Puts, JEF Dec 12 Calls and TZA Nov 32 Calls. The Open positions are highlighted in the options table below.
Approximately $ 2362 funds are in use. This week’s market was again dominated by Euro-issues. Greece is still nowhere on the bailout. Now Italy and Spain have joined the ranks of deeply troubled sovereigns. We came into the week generally short and covered those profitable positions on Monday, taking some losses on the 2 longs and then getting long again on Wednesday. This level of volatility has kept the size of our positions smaller than usual, as we would really rather see some “trending” instead of one day up and the next down 1 or 2%. The S & P is clearly trying to hold the 1220 level, but we will have to wait and see. The “good” (?) unemployment numbers produced nothing for the markets except a meaningless inside day. While we maintain a balanced approach to positions, we come into the week slightly short…CAM
Remember, these trades are based on your participation in the
TEXT MESSAGE TRADE ALERTS SERVICE TO RECEIVE ALL UPDATES.
TEXT the word UPDATES to 69302 To Get In Now
Previous closed out trades not listed here may be seen in the October 31, October 24, October 17, October 10, October 3 and September 26 issues.
|
DATE |
TRADE |
PRICE |
COST |
PROCEEDS |
RESULTS |
|
11/4 |
Bought 4 TZA November 32 Calls |
1.93 |
772 |
||
|
11/3 |
Bought 4 JEF December 12 Calls |
1.80 |
720 |
||
|
11/2 |
Bought 6 JAZZ November 36 Puts |
1.45 |
870 |
||
|
11/2 |
Sold 10 IBM November 190 Calls |
1.33 |
1330 |
400 Gain |
|
|
11/1 |
Bought 10 IBM November 190 Calls |
.93 |
930 |
||
|
11/1 |
Sold 5 LULU November 60 Calls ( 50% Rule) |
.90 |
450 |
455 Loss |
|
|
11/1 |
Sold 5 UA November 87.50 Calls |
1.60 |
800 |
365 Loss |
|
|
11/1 |
Sold 3 IBM November 180 Puts |
3.60 |
1080 |
480 Gain |
|
|
10/31 |
Sold 5 XLE November 70 Puts |
1.90 |
950 |
270 Gain |
|
|
10/31 |
Sold 10 TBT 11/23 Calls (50% rule) |
.21 |
210 |
220 Loss |
|
|
10/31 |
Sold 12 YHOO November 17 Calls ( 50% rule) |
.40 |
480 |
480 Loss |
|
|
10/28 |
Bought 5 LULU November 60 Calls |
1.81 |
905 |
||
|
10/28 |
Bought 5 UA November 87.50 Calls |
2.33 |
1165 |
||
|
10/27 |
Bought 3 November IBM 180 Puts |
2.00 |
600 |
||
|
10/27 |
Bought 5 XLE November 70 Puts |
1.36 |
680 |
||
|
10/27 |
Sold 10 TBT November 23 Calls ( 100% rule ) |
.86 |
860 |
430 Gain |
|
|
10/26 |
Sold 10 ZSL November 15 Calls (50 % rule) |
.50 |
500 |
550 Loss |
|
|
10/25 |
Bought 10 ZSL November 15 Calls |
1.05 |
1050 |
||
|
10/24 |
Bought 20 TBT November 23 Calls |
.43 |
860 |
||
|
10/24 |
Sold 2 TZA November 40 Calls |
2.00 |
400 |
400 Loss |
|
|
10/21 |
Bought 2 TZA November 40 Calls |
4.00 |
800 |
||
|
10/21 |
Sold 2 Netflix ( NFLX ) November 125 Calls |
6.95 |
1390 |
270 Gain |
|
|
10/21 |
Sold 6 JPM November 32 Calls |
2.88 |
1728 |
816 Gain |
|
|
10/21 |
Sold 1 APA November 90 Call |
6.55 |
655 |
385 Gain |
|
|
10/20 |
Bought 2 Netflix NFLX Nov 125 Calls |
5.60 |
1120 |
||
|
10/20 |
Bought 12 Yahoo Nov 17 Calls |
0.80 |
960 |
||
|
10/20 |
Sold 2 APA November 90 Calls ( 100% rule ) |
5.40 |
1080 |
540 Gain |
|
|
10/18 |
Bought 6 JPM November 32 Calls |
1.52 |
912 |
||
|
10/14 |
Sold 5 October 40 TZA Calls |
1.35 |
675 |
185 Loss |
|
|
10/14 |
Bought 5 October 40 TZA Calls |
1.72 |
860 |
||
|
10/13 |
Bought 3 APA November 90 Calls |
2.70 |
810 |
||
|
10/13 |
Sold 4 TZA October 39 Calls |
2.55 |
1020 |
132 Loss |
|
|
10/13 |
Bought 4 TZA October 39 Calls |
2.88 |
1152 |
||
|
10/10 |
Bought 2 RL October 140 Puts |
2.90 |
580 |
New trades $ 10,000 account…In Texting we have a limited amount of words. In the interest of brevity: OPTIONS ONLY: 11 November; 12 December; 1 January:
The Quantity and Strike Price for each trade is specific. For any questions please call 702 650 3000
MArket Laboratory – Weekly Changes
Prices are taken from Barron’s and may be incorrect)
|
Dow 11,983.24 -247.87 -2.028% |
Nasdaq 2686.15 -51.00 -1.86% |
S&P 500 1252.230 -31.86 -2.79% |
Transportation 4912.17 -99.81 -1.99% |
Russell 2000 746.49 -14.11 -1.85% |
Nasdaq 100 2356.32 -44.97 -1.87% |
|
Gold 1756.10 +9.90 +0.6% |
Silver 3408.4 -120.4 -3.4% |
Crude 94.26 +.94 +1% |
Heating Oil 307.07 +.43 +0.1% |
Unleaded Gas 2.6634 +0.0173 +0.65% |
Natural Gas 3.783 |
|
VIX 30.16 +-5.63 +22.9% |
Put/Call Ratios S&P 100 202/100’s +32/100’s |
Put/Call Ratios |
CBOE Equity
76/100
+17/100’s
Bonds
141-00 +4-4
3.09% -0.28%
10 Yr Note
130-16 +2-13 2.03% -0.29%
Copper
356.45
-14.15
-3.8%
CRB Inflation
Index
320.44
-2.63
-0.81%
Barron’s Confidence
71.%
-0.2%
S&P100
561.97
-15.31
-2.65%
5 Yr Note
123-04 +1-2
.88% -0.25%
Dollar
76.91
+1.82
+2.42%
DJ Utilities
451.17
-2.52
-0.56%
AAII
Confidence
Index
Bullish
40.2
-2.8%
Bearish
29.6
+4.6%
Neutral
30.2%
-1.8 %
M1 Money Supply
+16.2%Oct 24th
M-2 Money.
Supply
+9.6%Oct 24th
Prices are copied from Barron’s Weekly And Yahoo Finance
M1…all money in hands of the public, Time Deposits Traveler’s Checks, Demand Deposits
M2 adds Savings and Money market Accounts both compared with the previous year.
New Stock Recommendations
- BUY 1300 FCH @ MKT. USE 2.79 STP
- BUY 1200 CDTI @ 3.30 USE 2.75 STP CLOSE ONLY
- BUY 500 JVA @ MKT. USE 9.49 STP
Last week we bought
(A full position is $5,000)
Each stock is allocated a theoretical $ 5,000 share of the portfolio unless otherwise indicated.
|
Stock |
Purchase Price |
Purchase Date |
Stop/Loss |
Price/Date Sold |
Profit/(Loss) |
||
| CONN 500 |
8.50 |
10/25/11 |
7.49X |
||||
| BBVA 600 |
8.79 |
10/25/11 |
5.50X |
||||
| FTWR 5000 |
.96 |
10/24/11 |
.48x |
||||
| COF- short 500 shares |
41.80 |
10/17/11 |
Covered 40.42 10/20 |
$ 690 |
|||
| LCC 400 |
6.03 |
10/17/11 |
5.51x |
5.51 11/1 Stopped |
($280) |
||
| SDS 100 |
25.55 |
10/5/11 |
|||||
| CERS 2200 |
2.15 |
9/28/11 |
1.97 sco |
2.73 sold 10/25 |
$1276 |
||
| SONO |
28.89 |
9/12/11 |
26.99x |
33.04 sold 10/19 |
$ 830 |
||
| XBOR* |
1.40 |
8/12/11 |
0.70sco |
||||
| LEI* |
2.06 |
8/10/11 |
1.03x |
||||
| KAJMY |
30.45 |
3/21/11 |
29.60 sco |
||||
| LEOM* |
0.30 |
12/17/10 |
0.07sco |
||||
Previous closed out positions can be found in the October 17, October 3, September 19, September 6th, August 15th, August 8th, August 1st and July 18th letters.
Model Portfolio Comments/Changes:
INDEX OPTION RECOMMENDATIONS
1. Buy 15 QQQ December 55 Calls @ 1.65
2. Buy 10 SPY December 123 Calls @ 2.35
3. Buy 20 SDS December 19 Calls @ 1.05
For those of you who do not buy puts to protect your portfolio, there are many ETF’s that are the inverse of the DOW. The symbols are DOG and SDS, whichgo up when the DOW and S&P 500 go down and down when they go up.
New Stock Option Recommendations
1. Buy 20 ORCL December 32 Calls @ 1.25
2. Buy 14 DD January 49 Calls @ 1.75
3. Buy 9 CVX December 105 Calls @ 2.75
4. Buy 10 TLT November 117 Calls @ 1.75 OB
5. Buy 25 BAC December 6 Calls @ .75 OB
6. Buy 8 GRA December 40 calls @ 2.75 OB
Option and overall Comments
We had a gain last week of $ 1243 in a volatile, down week. Our gains for the year increased to
$ 78,198. We have Three long options positions remaining, the JAZZ Calls, JEF Calls, TZA Calls.
TZA is a triple inverse Small Cap ETF. The stock table includes eight long stock positions: CONN, BBVA, FTWR, LEI, KAJMY, LEOM, SDS and XBOR. The SDS is a double inverse SP500 ETF.
The options call for a $ 2,500 investment unless otherwise started, while each stock position requires $ 5,000 unless specifically stated.
We are basing money management on an hypothetical $ 100,000.00 and are using $7,500 in the options positions and $ 37,500 in the eight long stock positions for a total of $ 45,000 with
$55,000 in cash. This is our 41st letter for 2011. These figures are approximate. We do not count commission costs and there may be errors.
If the suggested stocks and options are executed another $ 35,000 would be in use.
Executions that have occurred at or near the open or close of trading sometimes vary from our actual numbers. For example, when something opens down and it is through our price, we take the next trade whether it is an uptick or continues lower. This sometimes results in a 50% trade that is slightly above or below the exact number…
Previous Week’s Recommendations and
Rules for the $100,000 Account
Get Free Text Message Trade Alerts — Text UPDATES to 69302
- All options count for about $ 2,500.00 for model portfolio calculations unless otherwise stated.
- When the option has doubled sell half the position.
- Stop Loss protection is either half or offered with each trade.
- The cost of the option is the asking price (or the price between the bid and ask, whichever is more realistic)
at the close the previous Friday or at the open on Monday.
- The options will be followed until closed out.
- Option Symbols have changed. We will now use a new terminology. ( stock symbol with expiration month and strike price )
- Subscribers can follow us on Twitter or call 702 650 3000 for up to date information.
|
Option |
COST |
Date |
Sold |
Date |
Profit/(Loss) |
|
| TZA Nov 32 |
8 lots Calls 1.93
11/04/11
JEF Dec 12
10 lots Calls 1.80
11/03/11
JAZZ Nov 36
12 lots Puts 1.45
11/02/11
IBM Nov 190
25 lots Calls .93
11/01/11
1.33
11/02/11 $ 1000QCOM Nov 52.50 10 LotsCalls 2.47
10/28/11
1.20 (50 %rule)
11/01/11 ($ 1270 )LULU Nov 60
15 Lots Calls 1.81
10/28/11
.90 (50 % rule)
11/01/11 ($ 1365 )UA Nov 87.50
10 LotsCalls 2.33
10/28/11
1.60
11/01/11 ( $ 730 )IBM Nov180
5 Lots Puts 2.00
10/27/11
3.60
11/01/11 $ 800XLE Nov 70
10 Lots Puts 1.36
10/27/11
1.90
10/31/11 $ 540SPY Nov 123
15 LotsPuts 1.26
10/27/11
4.03 1/2 double
4.07 1/2 11/01 /11 $ 4228ZSL Nov 15 20 Lots Calls 1.05
10/25/11
.50
10/26/11 ($ 1100 )TBT Nov 23
40 Lots Calls .45
10/24/11
.90 sold half on double
.21 sold half on 50% loss rule
10/27/11
10/31/11 $ 900
($ 480 )TZA Nov 40
5 LotsCalls 4.00 10/21/11
2.00
10/24/11 ($ 1000 )YHOO Nov17
30 LotsCalls 0.80 10/20/11 .40 (50 % rule) 10/31/11 ( $ 1200 )NFLXNov125
4 LotsCalls 5.60 10/20/11 6.95 10/21/11 $ 540SSO Nov 44
10 LotsCalls 2.50 10/18/11 3.30 10/21/11 $ 800QQQ Nov 58
17 LotsCalls 1.40 10/18/11 1.47 10/21/11 $ 119JPM Nov 32
15 LotsCalls 1.52 10/18/11 2.88 10/21/11 $ 2040CVX Nov100
8 LotsCalls 2.80 10/17/11 5.45 10/18/11 $ 2120APA Nov 90
6 Lots
Calls 2.70 10/13/11
10/21/11 5.40 sold half on double
6.55 sold half next day
10/20/11
10/21/11 $ 810
$ 1155CSCO Jan 20 2012 Put short; longJan20;2013 CallPut/Call Spread 0.07 2/14/11
Note: Previous closed out stock and option positions can be found in the October 17, October 3, September 19, September 6, August 22, August 8, August 1, July 18, July 11, July 5, June 20, May 16, April 25, April 11, March 21, March 14, March 7, February 21, 2011 February 7, 2011 January 24, 2011, December 20,2010, November 22, 2010, October 11, 2010, September 13, 2010, July 26, 2010, June 14, 2010, May 10, 2010, January 25, 2010, November 23, October 23, August 24, July 20, 2009 newsletters.
This Weeks’ Economic Numbers and Media Data
| Monday | 15:00 hrs Consumer Credit – Sept( 5bil vs -9.5bil ) |
Tuesday Wednesday07:00 hrs MBA Mortgage Purchase Index 11/05 ( NA vs + .2% )
10:00 hrs Whole Inventories-Sept ( .9% vs .4% )Thursday08:30 hrs Initial Unemployment Claims 11/05 ( 400 vs 397 )
08:30 hrs Continuing Claims 10/29 ( 3700K vs 3684K )
08:30 hrs Export Prices (ex– ag) – Oct (NA% vs .3%)
08:30 hrs Import Prices (ex-oil) – Oct (NA vs .2%)
08:30 hrs Trade Balance – Sept(-46bil vs -45.6bil) Friday
09:55 hrs Michigan Sentiment- Nov (60 vs 60.9)
Economic Data
Economic data is scarce this week, the most important being Balance of trade on Thursday and sentiment readings on Friday. Fears of a recession are gone, last weekend bulls went home looking ahead to data releases and came in Monday to a repeat of the Euro-Zone fears. October’s ISM data was weaker than expected but shows expansion unemployment was no surprise. Earnings are supportive.
Fundamentals ( previous letters may be seen at www.princetonresearch.com)
Consumer demand into the holiday season comes into focus now . Consumer credit data on Monday is expected to provide some clarity along with company comments. Progress of the congressional super-committee for deficit reduction will provide ample chatter as deadlines are approaching. After last week’s euro-zone debt deal debacle investors will assess communiques from G-20(or lack thereof) and European headlines.
Technical Information
Support Levels: S&P 500 1238;1203 Resistance S&P 500 1274; 1304
DOW 11,920;11,680 Resistance DOW 12,030;12,320
QQQ 5729; 5640 Resistance QQQ 5855;5957
Nasdaq 2663;2612 Resistance Nasdaq 2724;2775
CYCLES
Short term cycles this week suggest a sideways to weak market early in the week, and strength later in the week. Historically Early November price levels are maintained or exceeded at the end of November.
Rule 17B requires disclosure of payment for investor relations*
Princeton Research has received about $ 2,500 per month from Lucas ( LEI ) marked with an asterisk. Princeton has been paid for investor relations in the past and has negotiated a contract to be paid 100,000 restricted shares from Leo Motors. Princeton is paid by Baron Energy ( BROE ) to do investor relations in the amount of 300,000 shares. Princeton has also bought separate shares about 327,600 and owns the shares for its own account. USPR paid us 200,000 restricted shares. Cross Border paid us 25,000 restricted shares and we bought and own another 25,000 purchased at higher prices.
Leave a Reply
You must be logged in to post a comment.