Flash Buy: Dead Cat Bounce Profit in Energy

August 31, 2020

This is the last week of summer trading and is usually one of the quietest trading weeks of the year.

But you can’t stop this market!

And our Hot Money Monitor just triggered our newest profit opportunity.

Here's what we're doing…

  • Buy-To-Open the Energy Transfer LP Unit (NYSE: ET) Sept. 18, 2020, $6.50 call (ET200918C00006500) up to $0.20 per contract or better, for the day.

Someone just placed a $2.1 million-dollar Hot Money bet, that will only profit if shares soar higher in the coming days.

If they are right, these calls would quickly increase into a double or triple-digit gain!

ACTION TO TAKE:

  • In your brokerage account, locate the ET Sept. 18, 2020, $6.50 call:
  • The symbol is ET200918C00006500.
  • Make sure you choose the right options expiration (expiring on Sept. 18, 2020).
  • Choose the $6.50 strike price.
  • Select "call" options.
  • Select how many contracts to buy.
  • Once you have the right contract, click "buy to open."
  • Choose "limit order." (This sets the max price you'll pay per contract).
  • Use a limit of $0.20 per contract.
  • Click "Day" for TIF (Time in Force).
  • Then click "buy" to transmit the order.

You can also call your broker and say, "I want to Buy-To-Open ET Sept. 18, 2020, $6.50 call with a $0.20 limit or better; for the day."

Now, I’m looking forward to closing out profits from this quickly.

And I’ll be keeping you updated every step of the way.

To your wealth, freedom, and options!

Joshua M. Belanger

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Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%