Most folks who’ve been looking at the market as a whole are probably ready to throw in the towel…
But that’s only because they have no idea how much opportunity is still out there…
WealthPress Senior Strategist and legendary investor Tom Busby just went live to reveal the full details on this simple strategy in a special presentation.
Last week saw a lot of nasty economic data and global events impacting the markets, pulling the S&P 500 and the other major indexes lower yet again as we headed into the Fourth of July holiday weekend.
Volume was low and trading was subdued Friday as investors prepared for the long weekend. It remains to be seen whether the S&P 500 will recover or continue trending lower, so we’ll keep an eye on how it reacts come Tuesday morning.
But there is a bright spot amid the doom and gloom that’s been 2022 — health care stocks…
P.S. 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 rolling out an all-new option for my students to receive trade alerts with Telegram!
Telegram allows me to get trade ideas, videos and watchlists to you in a matter of seconds.
Check out this short article we put together with instructions on how to download telegram and access my private channel. Go here to get the details.
We had a super busy Thursday with the bulls fighting for control after a BIG gap down at the open… and the tape was printing nonstop!
One name that can’t seem to stay off of my scanners is Shopify...
The e-commerce powerhouse saw its shares plummet more than 15% from its June 24, $38.52 closing price in the run-up to Wednesday’s 10:1 stock split… And things weren’t slowing down Thursday with shares falling another 3%.
Both SHOP and Amazon — which completed its stock split on June 6 — were popular targets for bearish traders Thursday, with one trader grabbing around 700 contracts of the SHOP July 15 expiration, $32 strike puts for over $160,000 in premium!
Of course, that’s just a taste of the unusual activity burning up the tape…
Options are a type of derivative security. An option is a derivative because its price is intrinsically linked to the price of something else (the underlying stock). If you buy an options contract, it grants you the right but not the obligation to buy or sell an underlying asset at a set price, on or before a certain date. Similar to buying a stock, buying a Call Option gives you a long position in the underlying stock. Similar to shorting a stock, buying a Put Option gives you a short position in the underlying stock. Traders who buy options (calls or puts) are not obligated to buy or sell their contracts. They have the choice to exercise their rights. This limits the risk for buyers of options to only the premium spent.
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Jeff Zananiri’s summer vacation from Wall Street continues at the Red Sea in Egypt, where he has some words of wisdom to share.
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DISCLAIMER: FOR INFORMATION PURPOSES ONLY. The materials presented from Wealthpress LLC are for your informational purposes only. Neither Wealthpress nor its employees offer investment, legal or tax advice of any kind, and the analysis displayed with various tools does not constitute investment, legal or tax advice and should not be interpreted as such. Using the data and analysis contained in the materials for reasons other than the informational purposes intended is at the user’s own risk.
DISCLAIMER: TRADE AT YOUR OWN RISK; TRADING INVOLVES RISK OF LOSS; SEEK PROFESSIONAL ADVICE. Wealthpress is not responsible for any losses that may occur from transactions effected based upon information or analysis contained in the presented. To the extent that you make use of the concepts with the presentation material, you are solely responsible for the applicable trading or investment decision. Trading activity, including options transactions, can involve the risk of loss, so use caution when entering any option transaction. You trade at your own risk, and it is recommended you consult with a financial advisor for investment, legal or tax advice relating to options transactions. Please visit wealthpress.com/terms for our full Terms and Conditions.
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