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Crude oil is leading the market higher this earnings season on a wave of killer earnings announcements. And on today's Fast Profits, we'll be riding the rising trend with a trade on the largest "old school" energy ETF on the market.
Don't get me wrong - I'm still "all in" on renewables. But while we wait for last week's clean energy play to get some legs (I imagine once Capitol Hill irons out the last details on the upcoming infrastructure bill), we're playing the other side of the coin with some good old-fashioned fossil fuel stocks.
And the timing couldn't be better.
The weather is starting to warm up, and summer travel is kicking in early. An army of stir-crazed tourists are starting to stretch their legs and fill their gas tanks, making up for a year of lost travel plans. And for one gas and oil ETF, that's setting into motion a bullish trend I expect to keep climbing through the next several months.
So, to add a little fire power to the coming oil explosion, I've put together an options trade sure to make you a happy camper this summer.
Watch the video below for the full details...
Trade details...
Action to Take No. 1: Buy shares of the Energy Select SDPR Fund (NYSE: XLE) using a limit order of $52.50.
Action to Take No. 2: Buy to open XLE Sept. 17, 2021 $50 calls (XLE210917C00050000) using a limit order of $5.20.
The 88X Effect Is Reshaping the Markets
Something massive is single-handedly reshaping the financial markets... an unprecedented 88X phenomenon powerful enough to radically transform the way you make money.
And we can't wait for you to see it. Because Tom Gentile is sharing how the 88X factor has unleashed a flurry of trading opportunities - 50 plays per week, give or take. The quantity is uncommonly large - and so are the gains you could capture.
To be sure, we verified every single trade since this phenomenon began. And if you'd hit the top plays with a starting stake of $2,000, you'd have walked away with enormous payouts, like:
$12,400 on Maxar in five days... $11,140 on Shutterstock in two weeks... and $15,000 on Mitek in eight days.
The best part: Anyone - absolutely anyone - can do this. The only thing is that most people don't know about this 88X factor or how to play it. Luckily, Tom's walking you through how his followers can take full advantage of this phenomenon right here.
So are you ready to see the proof firsthand? All you have to do is watch this.
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Here Are 10 “One-Click” Ways to Earn 10% or Better on Your Money Every Quarter
Appreciation is great, but it’s possible to get even more out of the shares you own. A lot more: you can easily beat inflation and collect regular income to spare. There are no complicated trades to put on, no high-level options clearances necessary. In fact, you can do this with a couple of mouse clicks – passive income redefined. Click here for the report…
About the Author
Chris Johnson is a highly regarded equity and options analyst who has spent much of his nearly 30-year market career designing and interpreting complex models to help investment firms transform millions of data points into impressive gains for clients.
At heart Chris is a quant - like the "rocket scientists" of investing - with a specialty in applying advanced mathematics like stochastic calculus, linear algebra, differential equations, and statistics to Wall Street's data-rich environment.
He began building his proprietary models in 1998, analyzing about 2,000 records per day. Today, that database, which Chris designed and coded from scratch, analyzes a staggering 700,000 records per day. It's the secret behind his track record.
Chris holds degrees in finance, statistics, and accounting. He worked as a licensed broker for 11 years before taking on the role of Director of Quantitative Analysis at a big-name equity and options research firm for eight years. He recently served as Director of Research of a Cleveland-based investment firm responsible for hundreds of millions in AUM. He is also the Founder/CIO of ETF Advisory Research Partners since 2007, noted for its groundbreaking work in Behavioral Valuation systems. Their research is widely read by leaders in the RIA business.
Chris is ranked in the top 99.3% of financial bloggers and top 98.6% of overall experts by TipRanks, the track record registry of financial analysts dating back to January 2009.
He is a frequent commentator on financial markets for CNBC, Fox, Bloomberg TV, and CBS Radio and has been featured in Barron's, USA Today, Newsweek, and The Wall Street Journal, and numerous books.
Today, Chris is the editor of Night Trader and Penny Hawk. He also contributes to Money Morning as the Quant Analysis Specialist.