Markets were quiet on Friday after hitting all-time highs in the S&P 500 and Nasdaq 100 on Thursday.
The fear gauge for the S&P 500, known as the CBOE Market Volatility Index (VIX), is at 12 and below our key level at 15 — indicating that we can keep our rally hats on.
I’m currently on my way home from Las Vegas, where I presented at the TradersExpo Saturday Morning.
It was a packed house and great seeing those of you who were able to make it out.
So many afterward came up and told me that it was the best presentation they heard during the three days.
But if you didn’t don’t worry...
When I get back, I’ll send you all the details so you can learn about ALL three options trading strategies anyone can use to get rich.
On Tuesday, we bought to open EQT Corp (NYSE: EQT) November 15, 2019, $12 calls up to $0.15 per contract.
On Thursday, you sold to close Teradata Corporation (NYSE: TDC) November 15, 2019, $32.50 calls for a 12.5% gain!
Right now we’re holding:
- EQT Corp (NYSE: EQT) November 15, 2019, $12 calls.
Teradata Corporation (NYSE: TDC) November 15, 2019, $32.50 calls
- Date: October 29, 2019
- Reason: Our Hot Money Tracker spotted a large bullish bet placed in the short-term call options, which would pay off if prices increased in the coming weeks.
- Outcome: Exited for 12.5%.
- Improvements: We executed flawlessly. We sold ahead of earnings and took the gain we had instead of gambling on a binary event such as earnings.
As always, keep sending your questions and feedback to [email protected]
My team and I will have a new trade for you on Tuesday.
To your wealth, freedom and options!