A story has been unfolding behind the scenes… One unlikely stock is set for a potential buyout.
If the rumors are true – traders need to be aware!
Luckily, New Money Crew Head Trader Lance Ippolito has been following the story along with the bevy of options activity on this stock leading up to this news…
And he wants to share all the details with you — including TWO specific option calls to play this coming news!
Electric vehicle-makers and tech names surrounding the industry continue to hit the tape as share prices squeezed higher into the end of May.
One unusual name seeing an equally unusual amount of attention is Luminar Technologies.
The lidar developer is at the forefront of self-driving car technology, and it announced a strategic partnership to establish a foothold in China.
The news has helped shares soar over 11% over the past five sessions — including this past Tuesday’s 5% jump — as bullish traders pile into options plays.
One trader swept up around 1,800 contracts of the July 15 expiration, $12.50 strike call options for about $115,000 in premium!
And that’s just one of the top tech trades hitting the tape…
I hosted an open house live trader call earlier this week that I usually do with members of my strategies, but we decided to do something a little different and share the video with everyone…
We covered a wealth of topics in the 30-plus-minute session including my thoughts on individual stocks, the broader market, a recession and how to survive it, why I never use stop losses for options trades and the biggest thing causing inflation — oil prices.
And I answered a ton of great questions submitted by viewers!
We also discussed our different strategies and another event I’m hosting at 1 p.m. EDT on Friday, June 3 — and everyone’s invited!
We’ll discuss exactly how I pick stocks most likely to see institutional buying each and every month for Monthly Money Flows! And I’m going to show everyone how to locate these “money flows” on their own so be sure to take notes!
Consolidation is a technical analysis term referring to security prices oscillating within a corridor and is generally interpreted as market indecisiveness. Said another way, consolidation is used in technical analysis to describe the movement of a stock's price within a well-defined pattern of trading levels. Consolidation is generally regarded as a period of indecision, which ends when the price of the asset moves above or below the prices in the trading pattern.
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