Someone Just Bought 9,300 Contracts on This No-Name Stock
Mark’s Watchlist
Yesterday, I gave you a brand-new, free Profit Takeover trade recommendation on Uber.
We recorded a $2.22 fill on this trade. And we’re targeting another asymmetric trade, just like we made last time on the ride-share stock. You can follow along with this trade in the portfolio.
In the meantime, though, there are more than a few more stocks on my radar, ripe for bullish – or bearish – moves.
- Campbell Soup Co. (NYSE:CPB)
CPB just touched its 50-day moving average, and I think this thing could get ahead of steam:
This isn’t the most volatile stock out there, so a small move can mean a lot. The October $43 calls, for example, are only $0.60, and they don’t need a big move in CPB to pay off.
These calls are looking ‘mmm, ‘mmm good – sorry, I had to.
- Macy’s Inc. (NYSE:M)
I was bullish on M a few weeks ago – I even recommended a call on the retailer to my Profit Revolution members in early September!
But that’s the beauty of trading. Things are always changing. And I think M is about to see some reversion to the mean.
It’s already begun – as I type, M has dropped almost 9%!
In this morning’s Money Morning LIVE show, I recommended the October $23.50 puts on M. At the time, they looked to be going for about $0.75.
Now, just a few hours later, those same puts are at $1.47. That’s an almost 100% gain in a single day.
I highly suggest tuning into the daily Money Morning LIVE show if you haven’t already. It’s a great place to get on-the-fly trades like this one on M – and it’s live every day the market’s open. Check out the rest of this week’s schedule right here!
- Walt Disney Co. (NYSE:DIS)
DIS landed on my Watchlist earlier this week. On Tuesday, I said that I saw the stock heading to $180 per share.
Since then, the stock has actually dropped. And I can see $170 holding from here.
But if the market can get out of bed, then DIS will lead the charge higher. Remember – once this breaks $180, I could see it heading all the way to $200.
VIX Traffic Light
Not much has changed regarding the VIX traffic light since yesterday.
While the VIX is moving slightly lower today, it’s not enough to change our light red quite yet.
We’re still sitting on a yellow VIX light while we wait for volatility to make a decision – up or down, we can’t say just yet.
Today’s Impact Money Trades – Plural
Big money was big-time flowing yesterday – and I’ve got not one, not two, but three impact money trades to show you today.
One is even on a stock that I’d never heard of before – not until a 9,400 contract trade hit my radar, that is.
- Five9 Inc. (Nasdaq:FIVN)
Before yesterday, I’d never heard of this software company. But then, 9,400 contracts traded in what we call a risk reversal.:
Essentially, someone purchased a call spread – and financed the spread by selling a put. This is a bullish trade looking for a breakout higher, and I’m interested because, well, this is a stock that doesn’t trade.
Volume on FIVN is typically light – hence why I hadn’t heard of it before. So a few thousand contracts in a single trade is huge.
FIVN dipped down a few days ago, and now appears like it could move the other way:
You don’t need to put on a risk reversal to play this name. A much simpler way to go bullish on FIVN is with the November $180 calls – but because this is somewhat of a no-name stock, I’d want to do a bit more research before diving in headfirst.
- Energy Transfer LP Unit (NYSE:ET)
I actually recommended a trade on ET to my Profit Revolution members this week – and it appears we aren’t the only ones going bullish on the natural gas company:
Someone paid a dime 30,000 times for the October 22 $10.50 calls, clearly looking for a homerun move.
Anytime there’s a big money trade like this after I make one of my own, it makes me feel really confident – it’s essentially two-factor authentication for our trade.
If you’re interested in checking out my research and the $0.55 trade I sent my Profit Revolution members – complete with a three-step exit plan – then give our team a call at 877.212.9163.
- Globalstar Inc. (NYSEAMERICAN:GSAT)
Last but not least, we’ve got someone reaching for the stars on GSAT:
This wasn’t a single trade, but we’re still seeing a ton of volume in the October $3 calls – 78,000 contracts were purchased yesterday for a nickel.
These people are playing for a short-dated move here. But there’s something strange going on…
The stock opened at $1.52 today. A jump to $3 would be an almost 100% move. Meanwhile, the $2 and $2.5 calls on GSAT are the same price as the $3 calls – so why pay for the $3 calls?
I suspect we’re looking at heavy retail activity here – but either way, this is a high volume trade that’s landing GSAT on my Watchlist today.
If you like tracking big-money trades like these, then you’ve got to check this out.
My colleague, Andrew Keene, just built a scanner that scours the market for trades of $50K or more. And he goes live every Monday-Thursday for his 1450 Club members, giving them trade after trade based on what the scanner shows.
In the first hour of the trading day alone, five to 10 of these $50K trades will hit the scanner – if you thought the three impact money trades I showed you today were good, then you won’t believe what Andrew’s scanner is capable of.
You can click here to learn more, or give our Trading Services Team a call at 877.212.9163.
They’ve got a special discounted deal going on right now… but from what I’ve heard, it’s not going to last past 5PM today.
So make sure you get in ASAP – and never let an impact money trade slip through the cracks.
Mark Sebastian
Founder, Profit Takeover
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September 30 2021
Your service is great.