Dear Profit Takeover reader,
I really shouldn’t be telling you this…
But I work as a double-agent, spying on big money flow to help retail traders profit.
I’m like James Bond and Robin Hood combined.
I like to look for 5-digit call/put moves, consider what other triggers could affect big money moves, evaluate the flow, and then decide how to either replicate it – or find an even better move.
Here’s some big money flow I saw in CHPT:
This trader bought and sold 20,000 puts in CHPT – making $0.64 profit on each, THEN they doubled-down, buying another 20,000 puts that they think could give a similar return.
I pulled up CHPT in my proprietary asymmetric trading software – wallstreet.io.
CHPT is sitting at the recent lows – but I think we could see it move lower…
Since implied volatility (IV30 RED LINE) is fairly stable, it’s a good time to copycat the big money move in CHPT –
So, I walked through a couple different ways you might play it…
I’m following the big money on CHPT with this 10-day trade…
Trade Recap: Sell-to-open the CHPT July 22, 2022 $10 put at $0.22, buy-to-open, August 19 2022, $11 put for $1.00 creating a put diagonal spread.
Watch the full replay here if you’d like to see how I laid it out…
Until next time,
Founder, Profit Takeover
July 12 2022