We’re seeing a buying frenzy in today’s session, which is pushing the S&P 500 and Nasdaq 100 back into all-time highs.
It’s not ideal to chase stocks here and smarter to have a hedge in place for a pullback.
Despite the overall market being strong, the energy sector is trading lower.
That is exactly where our newest buy alert has triggered.
Here's what we're doing...
This new bearish signal triggered after a $2.3 million Hot Money bet, which is a 4,732% surge in put option contracts purchased.
If shares of Suncor Energy Inc. (NYSE: SU) continue to sink lower in the coming days, our put would quickly increase into a double or triple-digit gain!
ACTION TO TAKE:
You can also call your broker and say, "I want to Buy-To-Open SU Oct. 23, 2020, $12.50 put with a $0.35 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
Executive Publisher & Founder