Social media giant Twitter (TWTR) got a massive boost to the share price recently when the news came out that Elon Musk took a 9% stake in the company. He has since been named to the company’s board. Musk has a huge cult-like following, so many investors assume it will be bullish for the stock. […]
Options
Trade of the Week: Robinhood
Options action returned in a big way last week to the meme stocks, made famous in 2021 through Reddit user groups. The primary platform for trading those meme stocks (and their options) was (and still is) Robinhood (HOOD). The popular mobile brokerage platform has struggled quite a bit since its heyday. However, heavy options activity […]
Are Options Block Trades Saying That Gold Is Going To New Highs?
A couple massive options block trades last week could be very bullish indicators that the price of gold is headed much higher. Call spreads in VanEck Vectors Gold Miners ETF (GDX) and SPDR Gold Shares (GLD) could both be pointing towards much more upside in gold. The precious metal is often used as a hedge […]
Trade of the Week: SMH
Although the meme stocks were grabbing the headlines, there was some interesting options activity last week in VanEck Vectors Semiconductor ETF (SMH). SMH is a popular ETF for tracking the chipmaker industry, with over 30,000 options trading per day on average. On a day last week when options activity was 2x the normal amount, 65% […]
How to Scan Stocks for Possible Trades in a Volatile Market
There are a number of ways to analyze a stock by doing some fundamental and technical homework; using some simple scanning criteria can help with this process as well. There are numerous ways to start your research, but it is important to note that traders may have many different styles and strategies. Some traders like […]
How The Russian Invasion Of Ukraine Affected The Options Market
While the headlines last week were rightfully focused on the humanitarian cost of the Russian invasion of Ukraine, under the surface, a lot was happening in the financial markets. Options action can give investors many clues as to what the market is most concerned with. On the day after the invasion began, there was a […]
Trade of the Week: BITO
The market has been in a downturn lately and this include bitcoin. ProShares Bitcoin Strategy ETF (BITO), which tracks bitcoin futures, is down about 18% year-to-date. BITO trades a fair amount of options on the average day – about 70,000 – so it was surprising to see a 22,400 block of April puts trade last […]
Are Tech Stocks Set To Rebound?
One of the most heavily traded ETFs in the world is the Invesco QQQ Trust (QQQ), which tracks the Nasdaq-100. The ETF also has massive options trading action, with an average of nearly 2 million options contracts trading per day. It’s been a rough start to the year for QQQ, but options activity suggests it […]
How to Make Triple-Digit Profits with Options
Once you start looking for option trades on your own, the most important thing you can do to find trades with triple-digit profit potential is staying up on the news. The market and stocks in general move up and down over time, and the key is to identify these cycles. You will learn to decipher […]
Trade of the Week: RBLX
One of the most active options chains last week was in Roblox (RBLX), the popular video game company. RBLX thrived during the pandemic, when it attracted a massive audience (especially among kids). However, with the earnings release last week, it’s apparent that growth has slowed now that pandemic era seems to be coming to a […]