VIDEO REMINDER In Today’s Masters in Trading: Live In Today’s Live… -
Right now, institutional investors are driving lots of unusual options trading around one under-the-radar stock – Dick’s Sporting Goods. -
One bearish bet on the stock worth over $2 million is the latest to tip my UOA scanner. -
Our best path forward is to follow the smart money and see which other retail stocks get a boost. One of this week’s biggest stories is flying under most traders’ radars… And it’s a perfect example of how Unusual Options Activity (UOA) is tilting the markets right now. The smart money has been driving lots of trading volume around sports retailer Dick’s (DKS), with one put option spread worth $2 million absolutely catalyzing lots of bearish trading volume around the stock and a whole range of other retailers. A stock like Dick’s represents one of many opportunities to capitalize on the short-term gyrations of the broader stock market. With all the volatility in the stock market right now, we should be paying special attention to retail stocks if we want to see some huge success over the next year. In today’s Masters in Trading Live at 11 a.m. ET, I’ll explain the unusual trading around Dick’s Sporting Goods over the last few weeks and show you where the broader retail sector is likely heading from here. If you want to be part of the action and share your comments and questions in real time, be sure to join me live on YouTube. It’s a great way to connect directly with our trading community and make sure you’re getting the insights you need to help build a deeper understanding of the markets. Remember, the creative trader wins, |
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