As I suspected, we’re seeing election volatility.
Stocks opened higher this morning but reversed.
That means you need to be nimble, loose, and selective.
The best way to approach right now is to remain both long and short, and I think a trader must have both positions right now.
Here's what we're doing...
- Buy-To-Open the Hostess Brands Inc. (NASDAQ: TWNK) Dec. 18, 2020, $15 call (TWNK201218C00015000) up to $0.35 per contract or better, for the day.
This new bullish signal triggered after a new $5.8 million Hot Money bet, which is a 1,800% surge in call options purchased.
If shares of Hostess Brands Inc. (NASDAQ: TWNK) 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 TWNK Dec. 18, 2020, $15 call:
- The symbol is TWNK201218C00015000.
- Make sure you choose the right options expiration (expiring on Dec. 18, 2020).
- Choose the $15 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 $0.35 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 TWNK Dec. 18, 2020, $15 call 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