| Hey traders, Lance Ippolito here! Welcome to our Weekly Rundown, where we'll share some of our top trading ideas — and our biggest winners!
Traders, let's talk about an alternative to Cathie Wood's ARK Innovation ETF (Nasdaq: ARKK).
Ark Investment Management's new space ETF would keep track of all of the companies — both U.S. and global — that delve in space innovation and exploration.
And investors can't seem to stop talking about the ETF either. Ark's assets under management (AUM) went from $10 billion to almost $59 billion in about a year.
But… there's a new ETF on the market right now that's out-performing ARKK by a mile, and it could be shooting straight to the moon.
Direxion Moonshot Innovators ETF (Nasdaq: MOON) tracks the 50 most innovative U.S. companies with the potential to change existing tech and life through things like smart transportation, clean power and human evolution.
Sounds fancy!
MOON consists of high-growth and high-beta companies that can be volatile. But unlike ARKK, the MOON ETF has been holding up extremely well during this volatile time in tech stocks.
Just the other day, while tech stocks and the Nasdaq 100 were down, ARKK fell 3% and MOON barely fell 1%.
If you still don't believe me, just look at Microvision Inc.'s (Nasdaq: MVIS) daily chart — one of MOON's top holdings.
But more than putting the MOON ETF on your radar, I want you traders to know that you don't always have to follow the herd.
I mean, I look at ARKK buys at the end of the day every day, and Wood is still adding companies like Palantir Technologies Inc. (NYSE: PLTR) and Teladoc Health Inc. (NYSE: TDOC), which aren't doing well at all. And while the transparency might not all be there with MOON, you can easily google all of its top holdings — and be impressed like I am. Trust me, I think the MOON ETF is something to be bullish about.
BIG Wins!
Trading was choppy this week but we had another big Weekly Blitz Alerts winner in a familiar name, Box Inc. (NYSE: BOX).
A big dip buyer in BOX was back on Friday, March 19, scooping up 10,000 May bull call spreads to the tune of $1.5 million in some super aggressive action. We follow the money in times like this, and we reeled in a 122% gain!
+122.22% on BOX (May 21 $22 CALL).
Entered on March 19 at $1.80 a contract.
Exited on March 22 at $4 a contract Box was all over the media this week, getting mentioned as a potential M&A target.
We saw big orders for calls throughout the month of April, and implied volatility surged with each new headline, similar to what we saw recently with DropBox, a competitor in the same space.
If you have a big score you'd like to share with your fellow Future of Wealth readers, email us your screenshots of the trade and/or any details you want to share at wptestimonial@gmail.com, and we'll celebrate them here!
How To Get in Ahead of the Next Big Short Squeeze
But what you probably haven't heard is that it's not the only stock getting squeezed! Wall Street doesn't want you to know about these massive moves because the big firms lose money whenever short squeezes happen.
Mastermind trader and Forbes contributor Adam Sarhan is pulling the curtain back to reveal how YOU can take advantage of these trades — every single week!
Click this link and see exactly how to find the kinds of trades that have turned everyday traders into real-life, bonafide millionaires in just a handful of months!
Our Members-Only Pick of the Week
Finally, just for our VIP members, we have our free pick of the week from our 3D Profit Surges service, and it's on Vistra Corp. (NYSE: VST).
We got back into VST as the overall market remained choppy and slightly bearish most of the week.
VST is a utility stock and should hold up well in the face of more volatility ahead. This name worked well off the $17 level before falling some Friday, and we're looking for a move over $19 and a possible gap fill to the upside. So we're going long on the stock with a stop loss at $16.10 and...
If you're trading the option...
VST (July 16 $17 CALL).
Enter at no more than $1.50 a contract with a $2.25 profit target.
Signing Off
If you're looking for more compelling trade ideas and stock market musings to read and help you prepare for what lies ahead, here's what other experts at WealthPress are saying:
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