Biggest Gainers
7/23/2009 to 7/27/2009
133% In 4 Days Alcoa Aug $12 Call Option
Entry price .12 exit price .28
133% In 4 Days Alcoa Aug $12 Call Option
Entry price .12 exit price .28
7/22/2009 to 7/27/2009
185% In 5 Days First Solar Aug $165 Call Option
Entry price 6.00 exit price 17.10
7/15/2009 to 7/27/2009
200% In 12 Days DR Horton Aug $12.50 Call Option
Entry price .10 exit price .30
7/24/2009
The Upcoming Commodities Rally Will Be Unprecedented
The chart above is from Bloomberg.com. It is a chart of the commodities futures index. This chart clearly shows a cup and handle formation that I've had my eye on for some time now. The cup starts in September at the -10 level and finishes toward the end of May above the -30 level-- this is where the handle begins. The handle is still not complete but it looks like it will do that this month and into next month. It will complete the formation once it reaches the high of May. I've been patiently waiting for this handle to complete it's move and I'm very exited to let all of my readers know that commodities are a sure bet. However I have one particular play that I'm very interested in. Yesterday 7/23/2009 I bought an option in the morning and by the end of the day it was up over 58%. Nothing unheard of when playing options but after some thorough investigating and analysis I came to realize that what I had was probably the biggest play for the coming months. The option that I'm talking about is the AA (Alcoa) August $12 call. I bought it yesterday at .12 and by the end of the day it was .19 on very heavy volume. Today it is continuing to rise and I just bought some more at .20 and I see that I'm not alone. The volume is up on it significantly again today. My computer alerted me to it yesterday after the stock crossed 10.80--which by the way is a very safe long term entry point. I'm 100% sure that commodities will rise and I'm 80% sure that AA will rise to a minimum of $20 within 2 months. At my entry point in this option I stand to make over 1000% In August. For another example of a cup and handle formation click here to read my article on Rimm.
