Here’s My Free Trade – As Promised
Dear Profit Takeover reader,
During the live Profit Takeover show, I promised a free trade this week, and here’s what I found…
When I ran my Big Money Flow scanner, a familiar name popped up: CCJ – Cameco Corp (NYSE:CCJ).
CCJ reported spectacular earnings today, February 9, 2023. Earnings per share beat 65.78% and revenue beat 17.42%.
We saw a big pop this morning, as CCJ briefly touched $29.50, and big money is still bullish.
When I say big money, I mean a trader who buys massive quantities of options on a stock – over 10,000 at a time.
This trader bought up some June $35 calls and took profits in shorter-dated calls. And the stock appears to be heading higher.
This is the biggest roll we saw:
April has the cheapest options on the board in CCJ.
And I’ve spotted some juicy calls for under $2 that I think will double your money.
Here’s the exact trade I’m recommending to play CCJ…
I would be a buyer of the April 21st $30 calls for about $1.60 because I think they are going to double.
Action to Take: Buy-To-Open the CCJ April 21, 2023, $30 call for $1.60 or less.
Exit Instructions: If you buy a multiple of 4, sell half at $2.40, the next 1/4 at $3.00, then sell the balance at $4.00. If you only buy one, exit the entire position at $3.00.
I’ll see you tomorrow morning at 10:30 am (ET) for the live Profit Takeover show – right here in the main room.
Until next time,
February 09 2023
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