I am traveling this week, so I missed you this morning during our typical Profit Takeover show.
Over the past week or so, I have been covering ways for traders to protect their profits and repair their portfolio during the live Profit Revolution shows.
There are many ways to use options trades to mimic stock holdings – not only to make profit short term, but to build up profit that stocks might have lost AND to lessen the RISK of your investment.
These names had some interesting options last week, and I still think there’s a way to play them:
- Apple Inc (NASDAQ:AAPL)
AAPL continues to look strong today, but is softening up somewhat heading into earnings.
After the nice run, we could see some nice profits.
Just remember when it comes to earnings:
Trade TO IT – not THROUGH IT
Don’t hold AAPL options through earnings, cash out before, and then we can play it again after earnings numbers drop.
- American Express Company (NYSE:AXP)
AXP is looking flat on the day and consolidating for the next move. Hang tight on these, we don’t want to make a play without knowing where AXP is headed.
- Verizon Communications Inc. (NYSE:VZ)
VZ dropped like a rock last week and is attempting recovery today. This would still be a good spot to sell puts.
Garrett loves it when I say Snapchat with my exaggerated Chicago accent…
- Snap Inc (NYSE:SNAP)
I saw huge money flow buying puts in SNAP.
The stock is now trading at $9.96…
Image from wallstreet.io
And it looks like this big money buyer is right – SNAP has nowhere to go but down.
These are the types of SMART big money moves I am following in Inside Money Trader…
Using simple call and put trades for $300 or less.
If you don’t already have access, SIGN UP HERE.
Following SMART big money plays has been the most consistent way I’ve been able to profit in this bear market.
The first trade dropped today in the Inside Money Trader room, for an energy stock that saw MASSIVE money flow.
You can get the trade if you sign up for Inside Money Trader here.
Until next time,
July 25 2022