Our Fast Profits plays have been crushing it in 2021, with an average 40% gain on open positions and a running 80% win rate - and they're all bets on stocks going up. But today, it's about time we cash in on the market's downside and add a "short" move to our call-heavy roster.
On today's Fast Profits with Money Morning, I'm targeting a stock in the semiconductor sector that looks like it's headed toward a drop-off.
Though the financial media is crying out to "buy the dip" on semiconductor companies following the global chip shortage, some of these stocks are down for a reason... like today's stock to short.
And amid so much uncertainty on the market, it's the perfect way to play a downside move after any Fed-induced volatility.
Check out the video below for the full play-by-play...
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Trade details...
Action to Take: Buy to open CREE Sept. 17, 2021 $97.50 puts (CREE210917C0009750) using a limit order of $9.
Volatility's ramping up on the markets, and that means one thing... fast lucrative opportunities are headed our way.
And in a Zoom call every Wednesday, Thursday, and Friday, Tom Gentile can help you to ride the coming wave of explosive stock moves.
In fact, if you got in on the last live trading session, you could have bagged 110% and 132% in about an hour. Since June 1, they've locked down 15 winning trades.
And starting tomorrow, the next triple-digit payday could be yours.
Just click here to get started...
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