Options volume is through the roof!
We’re seeing a 200% increase in overall options volume traded thus far.
This is great, but there’s a lot of noise to filter thought.
Today’s broad market weakness is also causing some headwinds as premiums across the board are higher.
But I found a new trade we can act on that provides us a little time as well.
Here's what we're doing...
- Buy-To-Open the Amer Axle & Manufacturing (NYSE: AXL) April 16, 2021, $13 call (AXL210416C00013000) up to $0.45 per contract or better, for the day.
We will look to risk the whole premium paid on this and will exit ahead of earnings on Feb. 12th.
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