Shares of Target Corp. (NYSE: TGT) were down about 25% premarket after reporting earnings, which will drag the entire sector down with it.
Believe it or not, but the iShares 20+ Year Treasury Bond (Nasdaq: TLT) has been trading sideways for the past month. If we continue to see this or the bond market finally goes higher, there’s a good chance the worst of the inflationary pressure is behind us because interest rates and bonds have an inverse relationship.
The put/call ratio — now at 1.02 — still tells me that the market is oversold and needs to bounce…
Put buyers have been outpacing call buyers but typically when we see action like this, it shifts down. We haven’t seen the put/call ratio shift down since November, which is why I’m confident that stocks aren’t going to go much lower before they head higher.
The big thing about this market right now is if you’re getting married to stocks… if you’re hoping to pick the bottom… sitting in names for too long…
You will get run over by the pain train at some point.
So the key is to keep your inventory of holdings fresh, keep it moving and keep trading.
That said, what do PayPal and Nucor have in common?
On the surface, they’re both stocks and American companies…
And that’s true, but here’s the good part… Both are stocks we traded in Burn Notice, bought on the close and sold within the first few hours after the opening bell the next day, locking in gains between 23.52 (NUE) and 33.10%* (PYPL) in the options!
For the sake of full disclosure and total transparency, from Dec. 15. 2020, through May 12, 2022, the average return on options — winners and losers — is 2.01% overnight. And there’s a minimum of four trades each week!
Hit it, quit it and get the heck out, and do it all over again the next day. That’s how pros make money when the market is a whipsaw of volatility.
“What a valuable lesson I am getting from you. Thanks Roger!”
Choon L.
The Strike Price is the price at which a derivative — an option play — can be exercised, and refers to the price of the derivative’s underlying asset. In a call option, the strike price is the price at which the option holder can purchase the underlying security. For a put option, the strike price is the price at which the option holder can sell the underlying security.
Give us a follow and join the conversation on our official social media channels! Jeff discussed why it’s crucial to keep freshening up your positions in this market on Tuesday.
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 my latest trading ideas and market updates as fast as possible. So I’m happy to announce we now have a Telegram channel dedicated to getting my 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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