EOT Position Update – October 14, 2009
October 14, 2009
Market Snapshot
Earnings season starts with a bang! Dow 10,000!
Two bellwethers have set a very positive tone for the third quarter earnings season. Alcoa (AA) and Intel (INTC) beat analysts’ Q3 earnings estimates.
Alcoa swung to a profit for the first time in three quarters. And Intel posted its strongest 2nd to 3rd quarter growth in over 30 years… To add fuel to the fire, both companies are expecting economic improvement to continue into the next quarter and 2010.
Sorry to beat a dead horse but I’ve been saying the tech industry’s going to be the first to see business conditions improve. They’re the canary in a coal mine… The positive outlook from Intel is all I need to hear to know the economy’s on its way back.
This is great news for the economy and our bullish call options. We’re sitting on big gains in all five of our latest trades, as well as a couple more 300+% winners.
I’d love to hear more of your success stories. Email me your winning stories at customerservice@hyperionfinancial.com.
Now for the updates…
Position Updates
Just a quick note: Remember, we won’t update every open position every week. I try to focus on the positions that have some significant news or price movement.
TMO Dec 2009 $45 CALLS (TMOLI)
TMO is moving higher on bullish momentum heading into their Q3 earnings report. They’ll report earnings on October 22. Our options are already up better than 50%… in just over a week! We’re rapidly closing in on our first resistance level. Hold tight for now. Resistance is at $47.50 and $50. Support is at $41.50 and $38.50.
TQNT Feb 2010 $7.50 CALLS (TQNBU)
TQNT continues blazing a trail higher. Our options are up 40% in just a few weeks! The semiconductor industry is jumping thanks to Intel’s better than expected Q3 earnings. TQNT will report earnings next week. I’m expecting management to give a very positive forecast. They’re positioned to make a ton of money from the expansion of wireless broadband networks. Hold tight for bigger gains ahead. Resistance is at $9 and $11. Support is at $6.75 and $6.
ININ Dec 2009 $20 CALLS (NQXLD)
ININ shot through our first resistance level of $22.25 this week. Management released better than expected preliminary Q3 earnings. They’ll release the full earnings report next week. Our options are up a remarkable 128%! Aggressive traders should hold out for the next move higher. The next resistance is at $25. Support is at $16.50 and $14.
MMM Jan 2010 $75 CALLS (MMMAO)
Analysts at Friedman, Billings & Ramsey set a new price target for 3M of $88. The upgrade caused 3M to rocket through resistance at $75 today. Our options are showing a nice 45% gain. 3M will report Q3 earnings next week. Aggressive traders should hold out for bigger gains ahead. The next resistance is at $80. Support is at $65 and $60.
GT Jan 2010 $20 CALLS (GTAD)
Goodyear set another higher low this week. The new higher low confirms the uptrend is still intact. The next step is for GT to close above the August high of $18.32. It will take a good Q3 earnings report and forecast to get it going. GT reports earnings the first week of November. Hold tight for now. Resistance is at $22 and $25. Support is at $14 and $12.
PEGA Dec 2009 $25 CALLS (PQMLE)
PEGA set another new high this week. That’s great news for the aggressive traders who are letting this winner run. Our calls are now up a whopping 365%! I think there’s plenty of room for PEGA to continue to climb higher.
INTC Oct 2009 $16 CALLS (NQJQ)
The finale to our expiring Intel calls delivered an eye-popping 306% gain! Intel reported better than expected earnings, revenue, and margins for their third quarter. This is a great example of the multiplier effect of letting your winners run. Congratulations on a very successful trade.
Category: EOT Update
