We have a new buy alert that has triggered.
Our Hot Money monitor just spotted a massive amount of new put option contracts purchased, betting these will sink sink lower.
Here's what I’m doing...
Buy-To-Open the Li Auto Inc. ADR (NASDAQ: LI) May 28, 2021, $15 put (LI210528P00015000)
At last glance, these are trading at $0.36 x $0.41 per contract.
My profit target will be around $0.55 and our stop-out price at $0.24 per contract.
Buy-To-Open the JD.com, Inc. ADR (NASDAQ: JD) May 21, 2021, $67.50 put (JD210521P00067500)
At last glance, these are trading at $0.98 x $0.99 per contract.
My profit target will be around $1.30 and our stop-out price at $0.58 per contract.
Now, let’s manage our risk before entry and I’ll keep you updated every step of the way.
To your wealth, freedom, and options!
Joshua M. Belanger