Today's trade is in a stock that has been seemingly left for dead. Which is ironic, considering this company is engaged in keeping people alive.
This biotech company is an astounding 95% off it's 2021 highs.
But here's the thing... this stock just crossed above its 50-day moving average and appears to be holding there. And with a new leg higher in the stock market likely to lift a lot of boats, there is opportunity here.
Back in early April, I made a bet that silver would play catch-up to the vastly outperforming gold complex utilizing an options trader's version of a pairs trade. You can read about it here.
Both instruments had a bit of a wild ride following the "Liberation Day" Luau, especially SLV. But thanks to the somewhat offsetting risks of the short-biased GLD trade, we road out the volatility admirably.
Today, following SLV's recent run and dramatic outperformance against GLD, I think now is the time to take our profits.
Today's trade is in a silver miner that has already had a great run, but could surprise everyone by further doubling from here.
Buying after a big run is always hard, psychologically, and today is no different. So I'm going to take some of the sting out of the purchase with a creative spread and aggressive rolling strategy.
Today's trade is in a biotech stock. And the word "biotech" should cue thoughts of "risky" and "volatile."
And this trade is no exception. So I'm going to get creative, utilizing a spread to lower my cost of participation, define my risk, and give me two paths to profitability.
I love finding stocks that are under the radar, but are starting to get noticed, quietly. That's what my team's Under the Hood report uncovers, and today's trade comes from the most recent release.
We're getting involved early, before the masses catch on and send this stock back to yearly highs, which would be a nice ride from here.
Last week, I got involved in Coinbase as a play on a new alt-season being on the cusp of breaking out. But Coinbase isn't the only brokerage with a chart that looks great.
Another one broke out to a post-IPO high today and I'm getting involved to broaden my exposure to this space.
More and more stocks are flirting with all time highs. Today's trade has all-timers in sight, as well as a possible Hundred-dolla-roll -- two things that make me incredibly bullish.
With Bitcoin holding high in the 107-108K neighborhood, above last year's resistance, it feels like the stage is being set for another crypto bull. Not just for bitcoin, but for many of the so-called "alt-coins" as well. And today's trade is in the company that is best positioned to take advantage of a resurgence of alt-coin activity.
And following a recent gap move higher, the consolidation over the past couple weeks and today's morning dip provide a great entry point.
The banking sector in Canada is vastly different than the U.S. For one thing, there are far fewer of them! And there's really only a handful that matter.
One of those that matters is currently doing something that matters -- it's breaking out to new all-time highs!
It's been awhile since I've talked about one of my favorite setups: The Hundred-Dolla-Roll!
Stocks that are making fresh-all time highs above $80 per share tend to run to $100. Not all in one day. But the tractor beam, magnet, whatever you want to call the collective market mindset that is responsible for moves just seems to pull stocks to that big, round, sexy number.
Markets and prices are driven by humans (and the algorithms we write), and human behavior is sometimes so predictably reliable.
We've got a trade today that is taking advantage of this reliability.
Today's trade is in a $39B leading provider of software solutions for the global life sciences sector that is on the verge of breaking multi-year highs with an eye towards making a run at all-time highs.
There is an earnings release coming up soon which I think will be the catalyst to get the move underway.
I talk all the time about how the options market makers are not stupid. Options are priced the way they are, when they are, because options market makers know what they are doing. Usually.
But once in a blue moon, they can get caught sleeping.
I think I may have found one such opportunity and I want to pounce on it today.