Lithium Is The New Gold

Yo Pit Crazies,

 

Griff is throwing a webinar party today at 12 p.m. EST and you should all attend.

 

He is doing phenomenally well trading inflation for profit, with triple digit gains rolling in.

 

The Macro Game is on and ready for a Macro Griff. 

 

Get in here. (There will be a free trade!)

 

Now, in case you have been in a News Black Hole lately, an electric vehicle startup called Rivian Automotive Inc. (Ticker: RIVN) just went public and is trading at … a $100 billion dollar valuation. 

 

 

Those RIVN cars will need batteries and batteries need lithium.

 

Except I don’t want the Lithium stock to be $100 billion. 

 

And I’ve located one …

 

Turbo Trade Gem

 

Every once in a while I jump in the Robinhood Trader Turbo Trade and sub for Mark.

 

I have a stock that I just closed for a modest gain called QuantumScape Corp. (Ticker: QS).

Back in the day this was a $120 stock. It is a more modest 39.70 stock now and just up from $27 last week when I highlighted it in CAPITOL GAINS.

 

QS is in the solid-state lithium battery biz, and the stock is still running as the EV craze gets up to full steam.

 

 

The good news is that QS is leasing space and getting ready for production and that was good enough for a $8 move on Monday … just after I closed my trade last Thursday, grrrrr.

 

Option prices were good enough to get me to add QS Nov. 19 40/50/60 call fly for $1.18 today. If the stock hangs around here, the fly should pay well if it takes another meme like lift into the QuantumScape.

 

The Rundown

 

Capitol Gains w/ Frank Gregory
Option Pit DC and Wall Street insider Frank Gregory and I run a portfolio approach to trading options with stocks that have good long-term prospects based on Frank’s K Street knowledge and my options expertise.

      • I added a short call to my Canejo Corp (Ticker: CCJ). A run to $30 in there and I am sitting pretty. Uranium made new highs today once again.

 

Stocks currently in the CAPITOL GAINS portfolio:

 

      • Regeneron Inc (REGN)  long COVID therapies
      • Mandiant Inc (MNDT) long Cybersecurity
      • PetroBras SA (PBR) long oil
      • SPDR Oil and Gas Explorers (XOP) long oil
      • Intel Corp (INTC) long chip shortage
      • Powershares QQQ Trust (QQQ) portfolio hedge

 

Power Income Trader:

Power Income Trader is a systematic approach to trading inflation.  By pulling real-time data from the Fed, US Treasury and Gov’t, Power Income Trader alerts users on changes in money flow driven by Fed policy. Bill’s system puts you out in front of the most powerful money flow in the world.

 

Golden Bill Griffo …

Seriously, go to Bill’s live event today at 12 p.m. EST.

 

 It’s well worth your while to register here.

 

Pro Trading Room:
The Pro Room is Option Pit’s live access to Mark and myself during trading hours. Our Pro students post trade ideas with Mark and me during the entire trading session. 

 

The Pro Room gave up on the Robinhood Inc. (Ticker: HOOD) squeeze, but is liking selling put spreads in Walt Disney Company (Ticker: DIS).

 

YOWZA:

EVGO is a charging station SPAC.

 

Meanwhile, Queen of the Candlestick Licia Leslie is bringing more pep with Profit in Pumps. She sold her Alcoa (Ticker: AA) Nov. 19 48/53 call spread up 63%.

 

Big Money Flow

Each week, Option Pit CEO Mark Sebastian looks at size institutional option buying with a twist.  He mostly buys calls or puts to ride the large momentum trades.

 

      • Adding Ford Motor Co. (Ticker: F) calls on the RIVN $100 billion craziness..

 

Robinhood Trader:
Option Pit CEO Mark Sebastian uses the Robinhood Gamma Radar to find order flow in active MEME  names.

      • Mark closed some Verizon Inc. (Ticker: VZ) calls for a final tally of 72% on the trade.

 

Trading Legion:
The Trading Legion is an intermediate-level education and a long strangle/calendar trading vehicle. The goal is to teach students the best times to buy options.

 

      • My Palantir (Ticker: PLTR) diagonal put spread is looking promising with a $23 pin.

 

Volatility Edge & Volatility Trading Club:

Volatility Edge is run by Mark and uses the proprietary Option Pit VIX Light indicator to guide volatility trading. The Vol Trade Club is run by me (AG), and employs a long strangle strategy that seeks to use VIX future decay to pay for upside Cboe Volatility Index VIX, iPath Series B S&P 500 VIX Short Term Futures ETN (VXX) and ProShares Ultra S&P Short Term VIX Futures ETN (UVXY) options.

The Option Pit VIX is a more solid Red, but no closes yesterday. I am looking for a lower VIX into next week.

 

Remember, a lot of vol strategies I use are market neutral. That means whether SPX or VIX go up or down, the positions still make money. This is a technique you can learn in the Volatility Trading Club and Volatility Edge!

 

To Your Trading Success,

AG

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