Stocks are rebounding today, and we have a new buy alert that has triggered.

Here's what we're doing...

• Buy-To-Open the Melco Resorts & Entertainment (NASDAQ: MLCO) Oct. 16, 2020, $20 call (MLCO201016C00020000) up to $0.80 per contract or better, for the day.

This new bullish signal triggered minutes ago after the New Money Monitor spotted a $15.5 million dollar whale trade, betting shares will soar higher.

If shares of Melco Resorts & Entertainment (NASDAQ: MLCO) soar higher in the coming days, our call would quickly increase into a double or triple-digit gain!

ACTION TO TAKE:

• In your brokerage account, locate the MLCO Oct. 16, 2020, $20 call:
• The symbol is MLCO201016C00020000.
• Make sure you choose the right options expiration (expiring on Oct. 16, 2020).
• Choose the $20 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 $0.80 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 MLCO Oct. 16, 2020, $20 call with a $0.80 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

P.S. Due to the shortened week, we will pick up the mailbag next Wednesday.