The market slid Wednesday after disappointing earnings news and inflation fears crept back into the spotlight ahead of the Federal Open Market Committee minutes release.
With storm clouds moving into the markets, tech and growth stocks are seeing heavy selling, and bearish order flow is burning up the tape!
Semiconductor name Microchip Technology was among the hardest hit, dropping as much 5.7% from Tuesday’s closing price as shareholders unloaded the stock ahead of its Aug. 18 dividend date.
Of course, this wasn’t the only name seeing outsized options activity...
And we uncovered some of the most incredible trades during some of the worst market conditions I can remember…
We scored a 42%* gain on PYPL in 3 days, 38%* gain on SU in 4 days and a 38%* gain on SDGR*...
And at 11 a.m. EDT, this Thursday, August 18 I’m hosting a special session where I’ll reveal how these 80 brave traders and I outsmarted 2022’s dumpy market.
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk. From May 19, 2022, through Aug. 18, 2022,, the average win rate was 71%. The average return on options was 13.04% over a six-day average hold time.
Disclaimer : The material in this document is for informational purposes based on our proprietary research. It is not an offering, specific recommendation, or a solicitation of an offer to buy or sell any securities mentioned or discussed herein.
Any performance results discussed herein represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment.
Due to the timing of information presented, any investment performance reflected within this document may be adjusted after the publication and distribution of this material. There can be no assurance that the future performance of any specific investment, investment strategy, or product made reference to directly or indirectly in this communication will be profitable, be equal to any corresponding indicated historical performance levels or be suitable for your portfolio. Any investment results set forth in this document are not net of expenses and execution costs, nor do they account for other relevant trading or investment fees. Please visit wealthpress.com/terms for our full Terms and Conditions.
0 Response to "Bears Dig Their Claws Into Semiconductors as Inflation Woes Tank Tech"
Post a Comment