A few of my readers have pinged me privately drawing my attention to an Oil & Gas sector name that could possible make for a good "catch up" trade in the space. I generally would rather play in the leaders, rather than hope for the laggards to catch up, but I've been observing the price action from a safe distance after the ASC team put out a bullish idea in this name during their Monthly Charts Strategy Session a couple weeks back.
I like the way it put in a hard reversal last week and it's giving me some comfort to get in now with calls options priced pretty affordably.
The latest Young Aristocrats report dropped on Friday last week. If you love dividends combined with momentum (who wouldn't?), then this report is always a must read.
Banks of all sizes have been a bright spot for us lately as we're currently enjoying gains in Morgan Stanley $MS and the Regional Banks ETF $KRE.
Well, this week's YA report highlighted a couple more banks with attractive setups and one in particular looks like a great setup to play with straight long call options.
Fortunes change. We've seen it time and time again, where once-prominent companies -- even entire industries -- fade away to shadows of their former selves or worse -- fade to oblivion. To the trash heap of has-beens.
But, occasionally we see these companies then reinvent themselves and rise like a Phoenix from the ashes.
SpaceX has made it cool to talk and dream about Space again. I'm sure many of you, like me, had dreams of being an Astronaut and walking on the moon when you were growing up.
Now that I've grown up, I dream of stocks going on rocket ship rides to the moon. Same difference ;)
Believe it or not, it's not just Apple that makes desktop and laptop computers. I know, some of the newer generations of consumers may be shocked to learn this.
But way back in the Before Times, there was another computer maker that dominated the consumer space and invented novel ways to deliver them to consumers.
These days, they are a long way from the mass market dominance they once enjoyed, but investors in the stock are enjoying the fruits of a resurgence.
I usually enter new trades on Monday. I love starting the week with fresh opportunities.
But one of the best things about trading is there are no called strikes. Meaning, we don't have to swing. And we won't get called out for putting our bat on our shoulder and waiting for our favorite pitch to take a swing at.
This is on my mind today as I scan the list of trade ideas published by the All Star Charts team.
I have fond memories of my very first cellular phone in 1995. I was still in college and had a "job" selling advertising for the local arts & entertainment newspaper in town. One of the perks of the job was having a cellphone so I could be reached at any time.
In 1995, having a flip phone (that barely fit in my pocket), was pretty cool. Or at least I thought I was...
I'm headed down this nostalgic lane thanks to today's trade idea.
During our latest Options Conference call, me and JC riffed on a couple potential trades -- one of which I wanted to wait a bit on, since it's not a type of play I do with great frequency.
Well, on Friday, the stock had a nice little pullback nearer to recent IPO support which offers us a nice opportunity to get positioned at a bit of a discount, so I'm going to pull the trigger today.
JC and I put together this months Options Conference call and it was one of my favorites yet!
We discussed positions we closed out in Google in Biotechs, as well as some of the trades we have on that are worth an update. There are a few new ideas on our radar and we get into some of that as well so you can get a little bit of a behind the scenes look at our thought process.
The latest 2-to-100 Club Report is out with a handful of actionable names to participate in.
These aren't trades where we expect a face-ripping rally to imminently commence. But we do think there are underlying trends that can propel these names higher over the next 3-6 months.
With that in mind, I've got a trade in November options on deck to play one of my favorites from this report.