Markets were buzzing and our bonus Hot Money signal paid off HUGE this week!
Before we talk about those amazing triple-digit gains, let’s talk about the broad market.
The S&P 500 & Nasdaq 100 will close the week at new all-time highs.
Bulls continue to run this market as long as the Fed's printing presses stay turned on.
We were a little cautious coming into this week as volatility was still elevated with last week’s rally.
The fear gauge for the S&P 500, known as the CBOE Market Volatility Index (VIX), at 13.68, which is below our key level of 15.
That means risk is back on and watch out for new highs.
Speaking of highs, what a HUGE quick gainer we had this week.
Our FireEye Inc. (NYSE: FEYE) Feb. 28, 2020, $16 calls shot up 200% early Thursday afternoon after takeover chatter hit the wires.
It was speculated that Cisco is looking to make a bid for FireEye Inc.
Shares shot up 8% on that news, but we were well positioned ahead of that spike with getting in and out.
Cisco has come out since that report denying the speculation
that it’s looking to make a bid for the company, but that’s typical of a company to deny if they are interested.
Closing out those triple-digit gains in FireEye Inc. (NYSE: FEYE) is your third profitable gain in the last nine days!
As I often repeat myself - stick to our system - come out on top.
Right now we’re holding:
FireEye Inc (NYSE: FEYE) Feb. 28, 2020, $16 call (NET200221C00022500)
Date: Feb. 12, 2020
Outcome: 100% - 200% gain.
Notes: This was an alert that we couldn’t ignore and we didn’t have time to wait and see. Hours later, shares soared, which is our HMT system as ahead of the pop again. We executed flawlessly because markets move quickly. We were able to provide timely entry and exit notifications for a big fast, triple-digit winner!
As always, keep sending your questions and feedback to [email protected]
The market is closed Monday in observation of Presidents Day.
My team and I will have a new trade for you on Tuesday morning.
To your wealth, freedom and options!