Sacre Coeur

chart of Coeur Mining

Chart by Steven Sarnoff, h/t stockcharts.com

Options Hotline Reco Update, FYI:

+3x in a little over a month on Coeur Mining (CDE)!

Precious metals are heating up.  Today’s strong red candle shows bulls running with the advantage.

Our Coeur January $5 call triggered 10-28-19 at $.75, closed 12-03-19 at $2.30, +207% in a little over a month, with an always known and strictly limited risk!

Subscribe to Options Hotline today to stay a step ahead of the crowd.

I can’t guarantee all my recos will join the ranks of our multipliers, but I do promise to do my best to find option winners for you.

Best regards,

Steve

 

Superleverage Power on Display

DIS chart

Chart by Steven Sarnoff h/t stockcharts.com

This morning, as Disney shares topped $150, we sent Options Hotline subscribers a Profit Alert to close their positions (should they so desire).

The Disney (DIS) December $135 call multiplied 5x in 10 days,

triggered 11-04-19 at $3.15,

traded 11-14-19 at $15.80,

+402% in 10 days, on a 13% move in the underlying shares,

with an always known and strictly limited risk!

Subscribe today to stay a step ahead of the crowd.

Best regards,

Steve

Disney Punches Hyperdrive

hyperdrive

h/t @lucasfilm

Options Hotline reco update, FYI:

Our recommended call on Walt Disney Co. (DIS), triggered 11-04-19 at $3.15 with DIS at $132.70, traded 11-13-19 at $15.43 with DIS at $139.90, +390% in a week and a half, on a 13% move in the underlying shares, with an always known and strictly limited risk!

That’s Superleverage Power on Display.

News of significant sign-ups to the just-launched Disney+ streaming service sparked buyers.  Note today’s strong red line on my daily chart below.

DIS chart

Chart by Steven Sarnoff h/t stockcharts.com

I can’t guarantee that all my recos will multiply like this one, but I do my best each week to find option winners for my great subscribers.

Subscribe today to vie for fun and profit and stay a step ahead of the crowd.

Best regards,

Steve

 

The Heart of the Matter

chart of coeur mining

Chart by Steven Sarnoff h/t stockcharts.com

Options Hotline reco update, FYI:

Our recommended call on Coeur Mining (CDE) triggered 10-28-19 at $.75, closed 11-12-19 at $1.60, +113% in two weeks, with an always known and strictly limited risk!

That’s Superleverage Power on Display.

I can’t guarantee all my recos will multiply like Coeur, but each week I do my best to find option winners for my great subscribers.

Subscribe to Options Hotline today to vie for fun and profit!

All the best,

Steve

DIS Here

Last Sunday’s Options Hotline headline for our Disney play was, “Content is King.”  This morning, Disney (DIS) shares gapped up 5%, up to next resistance, following yesterday afternoon’s positive earnings report.

This gave Options Hotline subscribers the opportunity to multiply their money on our recommended call options, triggered 11-04-19 at $3.15, traded 11-08-19 at $6.87, +118% in 4 days, with an always known and strictly limited risk!

That is Superleverage Power on Display.

Warren Buffett and Charlie Munger describe Disney as, “…kinda like having an oil field where you pump out all the oil and sell it and then it all seeps back in over seven or eight years.”

I can’t guarantee that all my recos will become multipliers, but I do my best each week to find option winners for you, my great subscribers.

Subscribe today to vie for fun and profit and stay a step ahead of the crowd.

Relax and enjoy your weekend!

Best regards,

Steve

Don’t Chase

JPM price chart

Chart by Steven Sarnoff, h/t stockcharts.com

Options Hotline Update, FYI: Our JP Morgan Chase reco closed +41% in 1 day on a 2% move in the underlying shares, with an always known and strictly limited risk!

That’s Superleverage Power on Display.

Our recommended option trade for subscribers, the JPM December $110 put, triggered yesterday at $2.70 and closed today at $3.80.

JPM closed today’s session eyeing its recent low and a potential visit to the area of its August nadir.  The big banks are getting beaten down.

Resistance is now at $112.41-$114 and $116-$120.  Support is at $109-$110 and $103-$107.

Is that the type of options action you’re looking for?

I’m now in my 21st year at the helm, as the newsletter created by my father approaches its 31st year of publication.

Subscribe to Options Hotline today to vie for fun and profit.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

“Now that we found love what are we gonna do with it?”
— Kenny Gamble and Leon Huff

We enjoyed seeing Third World perform their 1978 hit cover of the song, originally performed by the O’Jays, at the San Diego Reggae Vegan Fest.

You find price direction, but what do you do with it?  Speculation may be simple, but it’s not easy. At Options Hotline, we’ve been helping our subscribers play and sensibly speculate for more than 30 years!

Our most recent recommendation on Verizon triggered on this morning’s open and traded +48% in a single session on a 2% move in the underlying shares, with an always known and strictly limited risk!

Irie!

We email our picks on Sunday evenings.  If that’s the kind of options action you’re looking for, subscribe to Options Hotline today.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Superleverage, it’s the only sensible way to speculate.”
— Paul Sarnoff

With Comic-Con in town, this struck me as a natural subject.  Superleverage is the art of profiting from changing prices, with limited risk AT ALL TIMES, without ever getting a margin call, asked to put up additional funds, or forced to liquidate your position.

The instruments of Superleverage are exchange traded put and call options.

Buyers of puts and calls are the ONLY ONES who possess the full profit power of Superleverage.

The Superleverage power of our method was on display again today, as our call on Barrick Gold Corp. (GOLD) closed +296% in a month, with an always known and strictly limited risk!

The underlying shares have made a nice move, from $13.89 to $17.35, propelling our recommended GOLD September $14 call option from $85 to $337!

If this is the type of options action you’re looking for, subscribe to Options Hotline today.

Best regards,

Steve

 

Your Almost Daily Bit of Wall Street Wit & Wisdom

gold pan

Photo credit: Paperny Entertainment

“Finding winners, especially big winners, is a process of discovery.  The losing trades are an integral part of that process.”
— Peter Brandt, @PeterLBrandt

Our recommended call option on Barrick Gold (GOLD), triggered 06-17-19 at $85, traded this morning at $280, +229% in less than a month, with an always known and strictly limited risk!

If that’s the type of options action you’re looking for, subscribe to Options Hotline today.

Best regards,

Steve

Your Almost Daily Bit of Wall Street Wit & Wisdom

Gold chart

Chart by Steven Sarnoff, h/t stockcharts.com

“Folks using intraday charts to call the top of a gold move that is unfolding on monthly charts is hilarious.  Y’all are doing it backwards!”
— Chris Carolan, @spiralcal

Options Hotline Update, FYI: Our recommended Father’s Day call on Barrick Gold Corporation (GOLD), emailed Sunday evening to our subscribers, triggered 06-17-19 at $85 with GOLD at $13.86, traded 06-21-19 at $206 with GOLD at $15.68, +142% in 4 days on a 13% move in the underlying shares, with an always known and strictly limited risk!

That’s the Superleverage power of my method on display.  If this is the type of options action you’re looking for, subscribe to Options Hotline today to see how we stay a step ahead of the crowd.

The character of the behavior of price movement in gold is telling us a big longer-term breakout is in play.  Former resistance (supply) now represents underlying support (demand).  The strong red candles on my weekly chart above depict this vividly.

It’s important to view price movement from different time perspectives: monthly, weekly, and daily.  Consider the lines of average price movement, along with price movement irrespective of time and you begin to approach a complete picture.

Best regards,

Steve