Dec 2013 Commentary Posted at: December 13th - 3:01 PM Monthly Option Alert Alert Message I would like to say hello to all our new customers and just so everyone is clear I will go over selling these option. We have many percentages in our past results that are over 100% but that is not our intended goal. Our goal has always been to book profits in the 25-50% range based on a risk assessment of our past plays. This is best accomplished by setting 25-50% limit orders that are good till canceled once you buy these options. I do not recommend any initial stop loss order. I typically do not give sell signals, the guidance I just provided is my focus. Ok enough already. Many things to look forward to this week we have the FOMC meeting, the new Fed has not been voted in yet, if there is a taper, it will be a very small taper. My guess they will not taper in Dec as the government wants folks to keep spending on the holidays. Once that is off the table they will lash the reindeer together and begin the Santa Clause Rally. AAPL and China Mobile will begin selling IPhones on the 18th which may give AAPL a bump higher. AMZN is just starting to move higher today and NFLX was a monster for us in the Special Plays this week. There may be others as well but please read through our December 2013 Core Strategy Pre-trade Analysis posted on our site today All the major index’s look terrible. All indexes are below their 10 and 20 day moving averages with moving average crossover to the downside at hand. Why they did not slam this market today (which they still may) is beyond me. Going be a hard decision on what to play and which way, puts or calls. Individual plays, if we do post them will be posted at 3:30 pm et, any major sell into the close I may shut these plays down with another commentary note so do not purchase these plays until the final 10 minutes of trading and watch you email boxes. Good luck and let’s make some money. Limits & Stops SELF DIRECTED TRADERS: Monthly Option alerts should be traded with NO stop loss targeting 30% - 50% returns. Additional Trades View all recent trades. Monthly Options Instructions All options are buy to open, sell to close. Options follow the following format: Stock + Expiration Date + Option Type + Strike Price. Example QQQ201220C120 = QQQ 2020/12/20 Call $120. Read Monthly Options Guidelines for more information about how to trade our Weekly Options strategy.