*Past performance is not indicative of any future results. Trade at your own risk. From Feb. 25, 2022, through May 4, 2022, five winning positions were issued while four remain open. The average rate of return was 38.33% over a seven-day hold time.
I know I’ve been focused on the iShares 20 Plus Year Treasury Bond ETF (Nasdaq: TLT) all week, but it’s for a good reason… Because if the bond market decides to go higher after choppy trading, it’ll show us it believes long-term interest rates are going to stabilize.
If that happens, it’ll be a positive sign for the price of stocks…
In terms of the put/call ratio, it has moved higher to the 1.21 level on Friday, which still tells me the market is grossly oversold and near a turning point. That’s because the put/call ratio is a mean-reversion indicator. In other words, it tends to rise when the number of call buyers gets too low, and fall when the number of put buyers is too high.
Thursday saw order flow rotate into beaten-down growth stocks as markets digested Wednesday’s steep sell-off…
The break in the volatility storm hit at the right time for EV-maker Rivian as the company announced a new influx of financing for a manufacturing facility in Saudi Arabia.
The news helped shares jump as much as 11.4% from Wednesday’s closing price, sending the bulls storming up and down the options chain!
Traders piled into the Aug. 19 expiration, $40 strike calls trading around 1,800 contracts for more than $275,000 in premium!
Of course that wasn’t the only growth name hitting the tape…
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Open interest is the total number of open or outstanding options and/or futures contracts that exist at a given time. Open interest is commonly associated with the futures and options markets, where the number of existing contracts changes from day to day.
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Jeff is also rolling out an all-new option for my readers to receive analysis and other updates in real time — and anyone can sign up! When it comes to trading, every second counts. And in choppy markets like these, often driven by headlines, stocks can make big moves in a flash.
That’s why I want you to get his latest trading ideas and market updates as fast as possible. So I’m happy to announce Jeff has a new Telegram channel dedicated to getting his latest analysis to you even faster!
Telegram is an instant messaging app that allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
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