Keith Harwood, President and Chief Options Strategist of Option Hotline, will be joining us to explain how he evaluates options opportunities in a chopping, trendless market. While trending markets and explosive technical moves are often easier to trade for many, there are some high probability trades that traditionally can work very well in a trendless market.
The key is the options strategy utilized! Knowing how to evaluate market conditions to find a great options trade is a crucial skill for any options trader.
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Pay close attention to the global video game market.
For one, according to analysts at Newzoo, the global gaming market could generate up to $187.7 billion just this year. For one, highly anticipated titles have been released this year, including Final Fantasy 16, Spider-Man 2, Super Mario Bros. Wonder, as noted by GameIndustry.biz. Two, even more are expected to hit the shelves in 2024, which could include the next much-anticipated Grand Theft Auto.
Take-Two Interactive (TTWO)
CEO Strauss Zelnick hinted at a possible release date for Grand Theft Auto VI. “We leave the announcement of upcoming titles to our labels and we have said we have a very robust pipeline of titles and we have a great outlook for fiscal 2025 where we’ve reiterated our belief that we’ll generate about $8 billion in net bookings,” he said, as quoted by HypeBeast.
That answer is the best hint yet on the potential release date. That’s because GTA is one of the very few TTWO games that can generate sales anywhere near $8 billion. Plus, analysts at Barclays just raised their price target on TTWO to $161 from $160.
Electronic Arts (EA)
There’s also Electronic Arts (EA), which has become technically oversold on disappointing bookings. However, bookings were still up 21% year over year thanks to the release of Star Wars Jedi: Survivor. Two, the company is set to release even more hotly anticipated game titles, which should boost net bookings.
You can arrange with most online brokers to receive email “price alerts” once you incur a certain percentage of profit or loss, which can alert you to times to buy or sell. This helps when you are not able to sit in front of the computer to monitor your trade.
It is advisable to have a profit goal and stop loss established at the time of you enter a trade. The profit goal can be a percentage above the premium paid or it can be an amount just under a resistance level, pivot point or trend line.
Traders often feel like they must garner the highest profit possible, yet some of the most successful traders are those who establish profit targets based on their strategy and trading plan, stick to them, and close out the day with consistent profits no matter the percentage.
Elite Wall Street trader, Joe Duffy, is allowing a limited group of future-elite investors into his masterful daily trades at thousands of dollars less than what others charge.
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