Timing is everything right?
Especially in trading.
Well, it’s the perfect timing for the debut of our dynamic duo Frank Gregory and Andrew Giovinazzi and they’re new webinar … Hedge Fund Secrets Revealed.
And at 8 p.m. EST on Thursday, July 29, they’ll unveil a trio of trading secrets that have the potential to transform your profit-making ability — for life.
These insights are straight from people who have been on the inside.
If you haven’t met Frank, he’s a former high-powered DC lawyer AND Wall Street exec (who happened to post a perfect score on the LSAT) …
He keeps his eye on the slimy politicians I love to loathe over in his Power Moves letter — and tracks how DC decisions send ripples through the market.
Andrew then arrives, with his trading expertise, to find the perfect option strategy to take advantage of these stock movements.
Together they meet at the intersection K Street with Wall Street.
PINS for the Win
In the meantime, take a peek at my trading record …
If you followed me into my last trade in Pinterest (Ticker: PINS) — you’ll know I locked in a 225% gain this week.
What’s next …
Riot Blockchain (Ticker: RIOT) had a hammer candle on Tuesday and has since traded up from there.
It is currently coiling three dollars higher, closing yesterday at $28.10.
Check out the stock chart:
I think RIOT is ready to make a move back up towards $38.
The earnings report is due out on August 9, so I like buying something that expires before then.
Options within earnings periods will always have a higher implied volatility due to the uncertainty of the report and how the stock will react.
Now, you know me, and I like to buy cheap options.
Let’s look at the Aug. 06 expiry:
I like buying the 28-strike calls and selling the 34.50-strike calls.
As you can see, these markets are very wide, so this could be a tough one to execute.
I would pay up to around $1.90 for this six-and-a-half point spread with two weeks to go.
I would take my losses at $1.30 and begin to take profits at $3 and higher.
- Pinterest (Ticker: PINS) What a nice move yesterday! I sold my July 23 71-strike calls at $4.55 for a 225% gain.
And they actually traded $2,00 higher from there, too!
Enjoy your weekend …
Thanks for Reading … See You Next Tuesday!