In Wednesday’s Blitz Daily , we take a look at basic materials behemoth Alcoa as facility closures and skyrocketing European gas prices tighten aluminum supplies.
Europe’s energy crunch doesn’t look like it’s going to let up anytime soon. European gas prices are about 14 times higher than in the U.S., and the sky-high energy costs are disrupting energy-intensive aluminum production across the continent... And aluminum prices are climbing as supply and production capacity tighten.
Traders looking to benefit from higher aluminum prices have been turning to Alcoa Corp., with bullish options activity spiking during the shortened trading week!
On top of this red-hot metals trade, I have three more must-see options plays waiting inside…
Anyone placing trades during the week may actually be stacking the deck against themselves…
Look, every week, thousands of headlines like earnings or bad news out of the Federal Reserve or China wreck what may seem to be perfectly good trade setups.
So instead of traders risking their hard-earned cash during the meat of the week, there’s a simple Friday afternoon strategy that is able to skip all of the madness…
It taps into some of the most reliable forces in the market, already giving New Money Crew Head Trader Lance Ippolito direct access to gains like 62% on PM, 28% on AMC and 30% on UAL, all in the past couple of weeks!
Disclaimer: The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "Why a Euro Power Crunch is Driving Aluminum Options Activity"
Post a Comment