Bet on Financial Sector Momentum and Booking 57.89% Option Gains

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

This week’s Momentum Trader Alert recommendation takes you into the booming financial services sector.

After underperforming the broader market for the first half of the year, the financial sector has exploded to the upside since second week of September.

American Express Company (AXP) provides travel-related services, financial advisory services and international banking services throughout the world. Founded in 1850 and headquartered in New York, New York, the company also offers the American Express Card, the Optima Card and other consumer and corporate lending products.

American Express Company (AXP) vs. S&P 500 year to date

Momentum Trader Alert Analysis


Buy American Express Company (AXP) at market today, and place your stop at $89.50.

I am holding off on recommending options on this position for now.

Portfolio Update

Sell your stock position in The Progressive Company (PGR) for a modest 5.63% gain.

Sell your remaining PGR November $46 calls, which last traded at $3.12, for a 64.21% gain. You already sold half of these options on Aug. 21 at $3.10 for a 63.16% gain.

You were stopped out of Altaba Inc. (AABA) on Oct. 25 at $66.35 for a 15.03% gain. Also, close your related recent option position at a small loss, if you have not done so already.


Nicholas Vardy

Nicholas A. Vardy

Exclusive  Analyzing 3 of the Best Blue-chip Stocks to Buy Now
share on:

Like This Article?
Now Get Our FREE Special Report:
Alternative Investing: Investing in Timber

Stock Investor editor Paul Dykewicz reveals why investing in timber may be one of the best long-term portfolio strategies you'll find today.

Get Access to the Report, 100% FREE

previous article

Recent hurricanes not only are increasing vehicle replacements but also potential new subscribers for satellite radio. The damage from Hurricanes Harvey and Irma appear to be putting people in new cars faster than they would have without the storms. This is good news for a satellite radio company called Sirius XM (NASDAQ:SIRI), which is trading under $10 a share

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Profits Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • Intelligence Report
  • Bullseye Stock Trader

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Technical Traders Alert
  • Success Trading Group

Used by financial advisors and individual investors all over the world, is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor