You already know the pandemic has reshaped our way of life. And you know that's an opportunity too.
We're here to help you turn this opportunity into profits with our best options trade on Robinhood right now.
We're zeroing in on the growing work-from-home trend inspired by the pandemic. Those who can are already working at home and many have been told not to come back to the office until next year - if at all. Alphabet Inc. (NASDAQ: GOOGL) has already told its employees to stay home until the summer of 2021.
This massive overhaul in the labor force is also going to make savvy investors a fortune. Zoom Video Communications Inc. (NASDAQ: ZM) skyrocketed 284% so far this year. While this was one of the most visible winners of the shift to work from home, it's only the first of many.
About 20% of the American workforce has already shifted indefinitely to remote work setups, a trend likely to remain a mainstay long after COVID-19 is dead and gone. The success of work from home this year has made companies realize they can save on real estate and cast wider nets when searching for talent.
And what makes this all possible is cloud computing.
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Money Morning Quantitative Specialist Chris Johnson's research has uncovered one company that's going to be essential for businesses across the globe.
It's not the obvious names either, like Microsoft Corp. (NASDAQ: MSFT) or Amazon.com Inc. (NASDAQ: AMZN).
This stock is tiny in comparison. And by using a simple options trade that anyone can do on a free platform like Robinhood, you can turbocharge your returns.
Here's exactly how to do it...
The Best Options Trade on Robinhood Right Now
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Chris' research shows Citrix Systems Inc. (NASDAQ: CTXS) is positioned to take advantage of the work-from-home reality. Aside from cloud computing, the company offers work-at-home solutions, including the ability to log into your office computer from the comfort of your own home.
Citrix has already been a good trading stock thanks to its volatility. That was on full display in mid-July as traders bid up shares ahead of the earnings report - which was good - and then sold it hard after the report came out. Chris called it a classic "buy the rumor, sell the news" situation.
But today he sees the stock, now cheaper than it was before earnings, sitting on an important technical support level. This is a price at which a stock tends to find buyers who think it's a good value.
Think about it. A 12% rally turned into a 20% decline. That makes it a good candidate for some fast profits on a rebound.
You see, the business is sound. The earnings report showed the company beat revenue and earnings expectations and raised forward guidance. The sell-off was merely profit taking.
And that's just the short term. Over the long term, this stock will continue rising thanks to its importance to work-from-home operations.
Given the solid fundamentals and a sharp technical pullback, Chris thinks there is an upside potential of 20% from here. That would put shares around $170.
Sure, you can just buy and hold the stock, but in order to really juice those returns, we're looking to options. Chris suggests looking for a call option with a strike price near $150. Look four to six months out to give the trade plenty of time to work, and be conscious about your costs.
One option that fits this parameter is showing upside of 160% by the end of October if the stock jumps to Chris' price target.
And if you want specific trade suggestions from our experts delivered right to your inbox, make sure you check this out...
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