Categories: Momentum Trader Alert HotlinesStock Market News

A Windy City Based Bet with Momentum

This week’s Momentum Trader Alert recommendation is a bet on a booming financial exchange through CBOE Holdings, Inc. (CBOE).

Based in Chicago, Illinois, CBOE Holdings operates as the holding company for the Chicago Board Options Exchange (CBOE), which is an options exchange that operates as an organized marketplace for the trade of standardized, listed options on equity securities.

CBOE offers equity, index and exchange-traded fund (ETF) options, including proprietary products such as S&P 500 options (SPX) and options on the CBOE Volatility Index (VIX).

On Friday, BlackRock, the world’s largest asset manager and issuer of ETFs, announced that it will move 30 of its iShares-brand ETFs to CBOE Holdings Inc.’s exchange.

CBOE Holdings, Inc. (CBOE) versus the S&P 500 year to date.

Momentum Trader Alert Analysis

Recommendation

Buy CBOE Holdings, Inc. (CBOE) at market today and place your stop at $85.00.

If you want to play the options, I recommend the CBOE September $90 calls (CBOE170915C00090000), which last traded at $3.60 and expire on Sept. 15.

Portfolio Update

Sincerely,

Nicholas A. Vardy

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Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world. He was the Editor of The Global Guru, a free weekly e-newsletter, and also edited the trading services Momentum Trader Alert, which focused on making short-term profits in the hottest markets in the world, and The Alpha Algorithm, which was designed specifically to deliver big, fast triple-digit winners, month after month. He was also the editor of Smart Money Masters, a monthly service focused on longer term investments recommended by the brightest minds in the business. Mr. Vardy has been a regular commentator on CNN International and the Fox Business Network. He has also published articles in The New Republic, The World and I, and The Baker & McKenzie Legal Review. The Global Guru/Nicholas Vardy has been cited in The Wall Street Journal, Newsweek, Fox Business News, CBS MarketWatch, Yahoo! Finance, and MSN Money Central. Mr. Vardy graduated from Stanford with a B.A. — with honors and distinction — in both Economics and History, and he also earned an M.A in Modern European Intellectual History. After winning a Fulbright Scholarship, he earned a J.D. degree at Harvard Law School where he was an editor of the Harvard International Law Journal. When not uncovering investment opportunities for his subscribers and investors, Mr. Vardy is a keep-fit enthusiast and an avid student of classical music.