Action to Take: Plan on exiting your IWC December 15, 2023 $101-$102 Call Spread position if IWC trades down to $92.00. The outlook for stocks moving higher, including severely oversold iShares MicroCap ETF (IWC) just took a huge hit based on yesterday’s less-than-tepid response to the U.S. 30-yr Bond auction. At this point, investors need … Continued
Action to Take: Buy-to-open WFC December 15, 2023 $40/$37.5 Put Spread for $0.75 or less. Plan on exiting the first half of the recommendation at a 100% profit. Good on Wells Fargo (WFC) for beating earnings today, bummer for all the shorts that had to cover – hence the 4.78% pop in early Friday trading. … Continued
Stocks are taking a bit of a breather in early Thursday trading after a four-day rally that saw the S&P 500 gain as much as 3.77%. That’s not surprising considering today’s inflation numbers indicated September CPI rose 0.4% month-over-month and 3.7% year-over-year — slightly higher than expected, and Core CPI rose 0.3% month-over-month and 4.1% … Continued
Actions to Take: Buy-to-open IWC December 15, 2023 $101/$102 Call Spread at $0.35 or less. Plan on exiting the trade for a 110% profit. Buy-to-open a half position in Arm Holdings plc (ARM) at $50.00. Plan on adding the second half at $43.35. After months of selling, markets are once again in rally mode with … Continued
Actions to Take: If you haven’t already done so, sell-to-close your TBT November 3, 2023 $38/$37 Put Spread position at market. If you haven’t already done so, sell-to-close your Aehr Test Systems (AEHR) position at market. During yesterday’s session our TBT November 3, 2023 $38/$37 Put Spread recommendation traded through our profit target and we … Continued
Actions to Take: Buy-to-open ITA Nov 17, 2023, $108/$109 Call Spread for $0.40 or less. Plan on exiting this trade for a 100% profit. Buy-to-open ITA January 19, 2024, $109/$110 Call Spread for $0.35 or less. Plan on exiting this trade for a 125% profit. The cauldron that is the Middle East, which didn’t even … Continued
Action to Take: Sell-to-close your IWM October 6, 2023 $187/$183 Put Spread position at market. With markets rallying in early Friday afternoon trading, it’s time to close down our IWM October 6, 2023 $187/$183 Put Spread recommendation, capturing a triple-digit profit in the process. Action to take: Sell-to-close your IWM October 6, 2023 $187/$183 Put … Continued
Action to Take: Buy-to-open ROP November 17, 2023 $490/$500 Call Spread for $4.75 or less. Plan on exiting the position for a 100% profit – or if shares of ROP trade down to $4.70. After a 13-day selloff that saw the S&P 500 drop 6.11%, stocks rallied in Wednesday’s session. Even after yesterday’s rally, the … Continued
Action to take: Plan on exiting the remainder of your IWM October 6, 2023 $187/$183 Put Spread position if IWM trades up to $182.00. As I write this, early in Wednesday’s session, stocks are up after yields on U.S. 10-yr Treasuries climbed to the highest level since 2007. Since then, yields have since tipped lower, … Continued
For as long as anyone can remember, the go-to, almost always recommended portfolio mix of 60% stocks and 40% bonds has been standard operating procedure for average American investors-until, that is, the Federal Reserve began artificially manipulating rates lower… for longer. It looks like 60/40 is back, for a handful of reasons: the unwelcome return … Continued
Action to Take: Buy-to-open TBT October 20, 2023 $39/$38 Put Spread for $0.50 or less. Plan on exiting the position for a 75% profit. I’m traveling today so I’m going to keep things brief and get right to today’s recommendation. Since September 20, 2023, ProShares UltraShort 20+ Year Treasury (TBT) has jumped as much as … Continued
Actions to take: Plan on exiting the remainder of your IWM October 6, 2023 $187/$183 Put Spread position if IWM trades up to $180.00. Buy-to-open TBT November 3, 2023 $38/$37 Put Spread for $0.15 or less. Plan on exiting the position for a 50% profit. As I write this, the Nasdaq and Russell 2000 are … Continued