Hey traders, Lance Ippolito here! Welcome to our Weekly Rundown, where we’ll share some of our top trading ideas — and our biggest winners!
If there’s one hobby from my youth that primed me for becoming a professional trader, it’s the collectables market.
To this day, I'm still a fan of the whole scene...
Whether it's collecting sports cards, classic cars or even comic books, these alternative assets are a great way for the trading bug to get its hooks in you at any age.
And you might be surprised by what some people are willing to pay big money for...
One guy I know collected vintage glass bottles, which might sound crazy... But that kind of thing is the reason why eBay Inc. (Nasdaq: EBAY) is valued at more than $47 billion.
So what might seem like a niche industry at first glance can wind up being worth billions...
And that’s exactly what’s happening right in front of our eyes...
The Market We Didn’t See Coming
A week ago, I was watching CNBC from my trading desk while Gary Vaynerchuk pitched non-fungible tokens.
For the uninitiated, NFTs are chunks of data that certify a digital asset as one of a kind. That information lives on a distributed ledger — the same technology that makes cryptocurrencies possible.
This could disrupt the whole collectibles industry.
Now... it is a bummer that Topps called off its SPAC merger with Mudrick Capital Acquisition Corp. (Nasdaq: MUDS). But there are plenty of high-profile companies ready to pick up the slack.
I’m talking about names like DraftKings Inc. (Nasdaq: DKNG), which is ready to pick up the sports NFT slack MUDS missed out on. Even World Wrestling Entertainment Inc. (NYSE: WWE) announced plans to launch WWE superstar John Cena NFTs.
So why am I talking about this?
Because these are multi-billion-dollar companies getting into what is going to be the next billion-dollar market. We’re already seeing it in the price of these collectibles. Over the past two or three years, people have been paying five… 10… even 20 times what they were for these cards.
I wish I had hung onto my baseball cards, that’s for sure...
We kicked the week off right Monday morning in the Daily Profits Challenge War Room with some quick profits in Match Group Inc. (Nasdaq: MTCH). The ticker hit the scanner late in the live session, with repeat buying across the options chain in a company that doesn’t trade much stock day to day.
Shares traded near record highs before Match’s Aug. 3 earnings report but dropped more than 20% after forward guidance failed to meet expectations. The bulls decided MTCH has been punished enough, launching a buy program with the share price skipping off the $130 level for the fourth time in the past six months.
The buying spiked volatility... but our patience paid off! After booking the trade on a mid-day pullback, the underlying stock then took out its prior intraday high for a 1.5% gain. That was enough to shoot our options up over 33% for a nice profit in less than five hours of holding! BANG!
+33.33% on MTCH Aug. 27 $138 CALL.
Entered on Aug. 23 at $1.80 a contract.
Exited on Aug. 23 at $2.40 a contract.
For weeks, I told anyone who would listen about the explosive potential of a few top Chinese casino stocks. So when the dice rollers flooded into Las Vegas Sands Corp. (NYSE: LVS) on Aug. 20, I couldn’t pass the opportunity up. The degenerates bought cheap weekly Aug. 27 call options like they were going out of style, which included a sweep of over 1,300 $38 strike calls.
These options were cheap for a reason... The stock broke below its 200-day moving average in early June, trading all the way down to a new 52-week low on Aug. 19. The alert went out to Weekly Blitz Alertsmembers that Friday, with contracts trading at $0.60. Jump ahead to Monday as news of loosening travel restrictions broke, and shares closed more than 8.5% higher, followed by another 3% move after hours — BANG!
This pushed out $0.60 options as high as $4.23 Monday — a potential 550% return in under two trading days! Of course, old Lance is human and closed a little too early on Monday for an 83% gain... But I’ll take those meat-and-potatoes returns any day of the week — especially for less than a day of time in the market!
+83.33% on LVS Aug. 27 $38 CALL.
Entered on Aug. 20 at $0.60 a contract.
Exited on Aug. 23 at $1.10 a contract.
On Wednesday, my Daily Profits Challenge members and I were back on the hunt for more earnings momentum... and we found another prime target in cosmetics powerhouse Coty Inc. (NYSE: COTY).
In the lead up to Coty’s Aug. 26 earnings report, the company saw more than a half-dozen gigantic bullish bets in the weekly Aug. 27 calls with over 15,000 contracts purchased. Add in another massive order of 7,505 contracts purchased in the September monthly $9 strike calls, and this was too much to ignore.
With the bulls out in full force and earnings just a few hours away, I booked a position in the Sept. 17 $8 strike calls live in the War Room. The beauty behemoth missed its earnings forecast but the stock refused to lose its momentum, opening 5% higher from Wednesday’s close, scoring a 47% win for Daily Profits Challenge in the process!
Cash in on Triple-Digit Profit Opportunities — EVEN if the Price Barely Moves
This massive discovery could have helped anyone grab triple-digit windfalls from the markets from a simple “0.01” rating…
Chuck Hughes has been able to use this formula to signal a recent 96.2% win rate on over 100 positions… And now for the first time ever, he’s going to share it with the world.
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:
Disclaimer & Disclosures The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our Terms and Conditions for more information.
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