There’s been some chop, but markets have held up after last week’s impressive rally.
A lot of people might look at the indexes and think the market makers must be taking some pain with everything up…
But they’d be wrong.
For the past several weeks, you’ve heard me complain about sky-high implied volatility and expensive options premiums…
Well, one of the side effects of markets rising is volatility comes down — along with options prices.
But even though the market makers are stacking the deck against retail traders, our New Money Crew strategies have put more trades in the win column!
On top of the wins, traders who joined me for the special open house session Thursday in my War Room saw some mega trades hit the wire in real time!
About 20 minutes after markets opened, the Blitz Tracker spotted one trader sweeping up about 1,300 contracts of Tellurian calls trading around $0.45.
Shares of the natural gas name jumped as high as 15.4% in early trading Friday, helping those May 20, $5.50 calls reach $0.99 — BANG!
It just goes to show that even in tricky markets like this, there are still big movers out there…
We just have to be ready to pounce when they show up.
That’s why I’ve put more names together traders need to have on their radar heading into Monday with a new installment of the New Money Crew Weekend Watchlist!
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