| Hey traders, Lance Ippolito here! Welcome to our Weekly Rundown, where we'll share some of our top trading ideas — and our biggest winners!
It's time again for every trader's favorite game…
Bang, Buy, Bust!
For those who want to play along at home, I'm going to share three stock tickers with you.
One of them is a bang for quick profits… Another is a buy and hold... And the third is a bust that stinks so bad, I wouldn't buy it with someone else's money!
Today's buy is way out of the norm for my taste... Some would call it "conservative." Others might say, "Lance, you're losing it. An inflation stock play? What happened to that crazy degenerate trader we know and love?"
But this situation has profit potential that just can't be ignored!
Let's Play!
◾ Bang: Mudrick Special Acquisition Corp. (Nasdaq: MUDS): MUDS is a SPAC that's ready to acquire sports trading card and memorabilia firm The Topps Company. Topps, and therefore MUDS, is riding the non-fungible token (NFT) wave that is sweeping the nation. The new digital way of trading baseball cards is much different than when I bought them at yard sales, but it looks to be profitable for traders.
Keep in mind... this is a SPAC, which means it's a growth stock… which have taken it on the chin lately. However, after getting a shoutout from Citron Research last week, the stock popped 8% in about an hour — putting it back on my radar for some short-term profits.
◾ Buy: SSR Mining Inc. (Nasdaq: SSRM): This is a silver and gold mining company. Now, I'm not pounding the table saying to buy gold because doomsday is coming. There are two reasons I like this stock long term, though. The first being that I'm seeing a technical breakout over the eight-, 20- and 200-day moving averages… on high volume, too. On top of that, we saw big money move into this stock last week as SSRM saw an order of more than 9,000 contracts, shortly followed by a 3,000-plus order, in the June 20 call options. Someone is quite bullish on this stock, and I am, too.
◾ Bust: Jumia Technologies (NYSE: JMIA): This is another one that Citron shouted out recently and, frankly… it got it wrong — way wrong. Every time this stock goes up, it goes up really fast and then fades lower. I watched it fall from about $69 per share to roughly $20 in a day… No thanks.
Now, onto some...
BIG Wins
It was another banner week with a bevy of big winners for our Weekly Blitz Alerts. Sometimes it feels like I'm just printing money, and it feels so good!
On Wednesday, the Blitz scanner picked up on more heavy buying short-dated June 4 calls in Under Armour Inc. (NYSE: UAA). This was a high-risk, high-reward scenario... But with retail names squeezing higher this week, the big traders (and Weekly Blitz Alerts members) were looking for continued momentum to the upside. On Thursday, the shares popped 4% and the service closed the June 4 $22.50 strike call for a nice 50% gain — overnight!
- +50% on UAA (June 4, 2021 $22.50 CALL)..
- Entered on May 26 at $0.40 a contract.
- Exited on May 27 at $0.60 a contract
Monday saw call buyers looking for a gap fill in online retailer RealReal Inc. (Nasdaq: REAL). The options traded over 1,000 contracts split between June and July expirations to start the week. The luxury goods site stock had recently sold off, and big traders were betting on a gap fill to the upside. On May 26, the service sold half the position as the stock shot up 3%, pushing the July 16 $15 strike call up 50% from our entry. The next day, the company continued its move higher, and Blitz members took an 80% gain on the second leg. A smooth and profitable ride from beginning to end!
- +80% on the second half of REAL (July 16, 2021 $15 CALL).
- Entered on May 24 at $1.80 a contract.
- Exited on May 26 at $3.24 a contract
At eight trading days, this next Blitz winner wasn't the fastest win the strategy has seen, but it was certainly worth the wait! This past week, General Electric Co. (NYSE: GE) hit the Blitz scanner as traders bought over 15,000 contracts of the June 11 calls. The trade took some time to develop in a choppy market, but Thursday's aggressive order flow catapulted the underlying stock up over 4%. With the stock hitting six-week highs, Blitz closed the options trade for an 81.25% win!
- +81.25% on GE (June 11, 2021 $13.50 CALL).
- Entered on May 18 at $0.32 a contract.
- Exited on May 27 at $0.58 a contract
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!
My Newest Trading Discovery
We've all heard of insider trading…
It's unethical and indefensible, and the punishment — jail — fits the crime.
Meanwhile, everyone else is left scrambling to get in after their shares have catapulted the stock's value to new heights…
These corporate insiders are literally pumping their own stocks, and doing it 100% legally…We don't know about you, but that doesn't sound fair.
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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