Broad markets are firming up as we head into a heavy weak of earning releases.
Bulls are stepping back in after news that the government is close to passing another stimulus package.
Minutes ago, we had a new buy alert that has triggered.
Here's what we're doing...
- Buy-To-Open the IQIYI INC ADR (NASDAQ: IQ) Aug. 28, 2020, $22 call (IQ200828C00022000) up to $0.98 per contract or better, for the day.
This new bullish signal triggered because $14.5 million in notional value, betting shares will soar higher.
If shares of IQIYI INC ADR (NASDAQ: IQ) 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 IQ Aug. 28, 2020, $22 call:
- The symbol is IQ200828C00022000.
- Make sure you choose the right options expiration (expiring on Aug. 28, 2020).
- Choose the $22 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 $0.98 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 IQ Aug. 28, 2020, $22 call with a $0.98 limit or better; for the day."
Now, I’m looking forward to seeing the profits that come from this shortly.
And I’ll be keeping you updated every step of the way.
To your wealth, freedom & options!