Hey Guys,
I wanted to give you guys a quick update on how this week went. The market crashed this week, and there was a huge downside. Spy dropped from $323 to $310!
That gives room for a lot of potential opportunity!
Enough of the negative, let’s look at what the positive was before the market crashed!
I want to show you how I made an amazing trade on Monday!
Take a look at this chart.
AMD stock was going sideways for a long time. You can see from 5/27 until 6/8, nothing really happened with the price of the stock. It kept bouncing between $52 and $53.
This is a huge opportunity for traders. You could have made +$1 out of the money calls and profit 200% every other day!
However, I waited for this stock to consolidate.
When a stock goes sideways for a long period of time, it gets closer and closer to the gravitational line (Pink Line).
This means that the buying and selling has reached an equilibrium.
Once all the short sellers get bought out, the only direction for the stock is STRAIGHT UP!
I purchased the $54 call for AMD expiring 6/19. And guess what? I locked in a 275% profit! I could have gotten more, but I decided to sell it and go for a $58 call to preserve some of my cash flow. You can view the stream if you want to get more detail on why I chose to scale out.
Trading is quite easy if you know what to look for!
Stay tuned, learn more, ask questions. Become a 6 digit survivor. Check out the live stream.
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Disclaimer:
I want to point out, I am not a registered investment adviser or broker/dealer. I am a highly profitable options trader who has been successful time after time, and I have changed the lives of many people through the art of trading on the stock market.
– Ken