Like many of you tomorrow, I will be chowing down on turkey and stuffing.
And the one thing I look forward to every year is leftover turkey sandwiches with mayo.
But I’ll also make sure to enjoy the opportunity to give thanks for all my blessings.
One of the best blessings I have is the opportunity to help you build your wealth by booking consistent trading gains every week.
Looking at the markets, we see slower action going into the holiday and I expect the same on Friday.
Even still, we continue to notch new highs for the year in all three major indexes.
Now, the fear gauge known as the CBOE Market Volatility Index (VIX) for the S&P 500 is at 21 and below our key level at 15 — indicating that volatility can rear its head anytime.
Now let’s talk shop…
Buy-To-Open the Plug Power Inc. (NYSE: PLUG) Dec. 24, 2020, $35 call (PLUG201218C00035000) up to $1.14 per contract or better, for the day.
Right now, we’re holding:
- Hostess Brands Inc. (NASDAQ: TWNK) Dec. 18, 2020, $15 call (TWNK201218C00015000)
- Sandstorm Gold Ltd. (NYSE: SAND) Jan. 15, 2021, $10 call (SAND210115C00010000)
- Plug Power Inc. (NYSE: PLUG) Dec. 24, 2020, $35 call (PLUG201218C00035000)
Let’s keep focused and let the market come to us.
And I’ll be keeping you updated every step of the way.
Your Questions, Answered!
The mailbag is full, so let’s get to your most pressing questions.
The stock market is closed on Thanksgiving Day. Could you send us a list of all the other days that the market will be closed this year? - Joe R.
Yes, the U.S. market will be closed tomorrow Thanksgiving Day, then open for a half-day on Friday.
In total, there are only a few more days this year where the markets will be closed or have shortened hours for the holidays.
As we watch our positions, it’s always helpful to know ahead of time when these days are coming.
So, you’ll want to mark these dates on your calendar.
Here are the remaining market off days in 2020:
- Thanksgiving Day, November 25th
- Black Friday*, November 26th
- Christmas Eve*, December 24th
- Christmas Day, December 25th
*The stock market will be open but closes early at 1 pm EST.
That’s it for me today, be on the lookout for our next profit alert.
If you want your questions answered next week, make sure you email it in today at [email protected]
Happy Thanksgiving to you and your family!
Joshua M. Belanger