Hi Shoppers,
Lucky for you, I am in good with Mark Sebastian.
You know, the guy Jim Cramer was talking about this week …
That’s right.
And I got you a seat at his live session tomorrow at 11 a.m. ET.
There’s so much going on in the world right now: Join Mark as he discusses these wild market impacts:
-
- War
- Multiple interest rate-hikes forecasted
- Labor shortages
- Supply chain hang ups
- Global pandemic (still here!)
- Historic inflation
And after 20 years as a pro trader, market maker and hedge fund manager, he’s sharing the private strategy that he uses to take advantage of these moves.
Be there at 11 a.m. ET … this is your personal invite to the event.
I will see you there.
In the meantime, THIS is your invite to my latest trade idea …
Shooting StAAr
I am seeing a shooting star in Alcoa (TIcker: AA):
Remember, a shooting star is found at the top of an uptrend. The bulls couldn’t hold onto the rising prices and the bears took over, causing a lower close.
I think AA could pull back to $72.65 and possibly $63.85.
I am looking for a quick move for this trade, so I am looking at the March 4 puts expiring on Friday:
If AA opens and trades lower today, I would be a buyer of the 79 puts with an implied volatility of 75.42 … and seller of the 74 puts with an IV of 77.47.
I would pay around $1.35 for this spread. As I said, I am looking for a quick move here, if it doesn’t happen I will be out.
Thanks for Reading … See You Tomorrow @ Mark’s Live Event!
Licia Leslie