Yo Pit Crazies,
I am out this week fishing and will be back Thursday for our first big Capitol Gains event.
Remember the big issues for 2021 are …
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- Cyber Security
- Lithium/EV
- Crypto Regulation
- Green Energy
- Infrastructure Spend
- COVID and mRNA Biotechnology
- Cloud
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Crypto went off the hook as Coinbase (Ticker: COIN) and Pfizer (Ticker: PFE) jumped big again. I am still riding Capitol Gains calls in there, so what will the next winner be?
I can tell you right now something that we were looking at is suffering big time …
And it might be nice for Thursday.
Because the Delta variant is picking different winners.
What the VALE?
VALE SA (Ticker: VALE) is a commodity stock that should be winning.
But when a quick glance at the chart comes up, it is not. (See below.)
The news is taking some of the big commodity producers with it in what is a on-again/off-again Delta variant trade …
VALE six-month price and volatility.
I can see setting up a long strangle trade with a flat delta.
The VALE Sept. 17 19-strike put and 19-strike call is only $1.20 with a possible dividend announcement coming out.
Look for that on the Capitol Gains list.
The Lesson: Making a list of equities to trade from helps in selecting new trades. Sometimes less is more.
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.
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- My Pfizer (Ticker: PFE) calls are up about 25%. Look for a possible put sale now that the volatility has jumped.
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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.
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- Kiran in the Pro Room noted that Moderna (Ticker: MRNA) has a market cap almost as large as PFE. I am looking at that for Capitol Gains, too.
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To Your Trading Success,
AG