By Money Morning Staff Reports, Money Morning - • Print | Email
With all the hype in the market these days as the economy recovers, the vaccines are rolled out and more stimulus from Washington seems to be just over the horizon, you've likely noticed options contracts are getting very expensive.
Those high prices for contracts take the wind out of sails when it comes to trading options.
For one, higher prices means more risk since you have more to lose.
And when you start at a high price, there may not be as much room for the trade to profit.
We have a solution for that problem, and it's making for our best call options to trade right now.
By Money Morning Staff Reports, Money Morning - • Print | Email
It's the time of year when investors expect Santa to come to town, stuffing their stockings with profits.
Over the years, there has been an upward bias in December dubbed "the Santa Claus Rally" and it has been a reliable tendency to spread holiday cheer.
Since 1945, December has had an upward bias – nearly 1.5% on average – with about a three in four chance of producing winning trades.
This year is shaping up to be no different.
And we're going to help you make the most of it with the best call options to trade right now.
By Money Morning Staff Reports, Money Morning - • Print | Email
With three COVID-19 vaccines getting close to approval and production, there truly is an end in sight to this year's virus and lockdown nightmare.
The question for traders is what to buy as the economy roars back to life.
After getting smacked down in 2020, you can bet that the public is itching to get back to normal.
That means unleashing huge pent up demand for goods, services, business upgrades and travel.
And our experts can help you find the biggest opportunities right now.
Today, we'll show you the best call and put options trades our experts have uncovered.
By Money Morning Staff Reports, Money Morning - • Print | Email
The streaming or "cord-cutting" market is starting to look increasingly bullish.
And furloughs from a pandemic have been a big part of that.
As we watch COVID-19 case numbers tick upward again, we can expect more power from the streaming market.
This is driving our best options trade today.
But maybe not in the way you think…
By Money Morning Staff Reports, Money Morning - • Print | Email
It's easy for new investors to dismiss options trading as "too risky." And that's perfectly understandable.
But once you learn some options trading basics, it can become a valuable source of income.
Today, we're going to go over writing covered calls for beginners.
By Tom Gentile, America's No. 1 Pattern Trader, Money Morning • @powerproftrades - • Print | Email
Typical situation: You do the research, you buy a stock on the market, you hold the stock, the stock goes up and down, and, often, you sell the stock to the market – for more than you paid, I hope.
But… what most investors don't know is that you can get paid just for, essentially, offering the stock for sale!
You can sell someone an option to buy a stock you own at a specified price at an appointed time.
It's true: It's one of the easiest, most basic options trades there is – and you can do it the minute you get level 1 trading clearance from your brokerage.
If you're a trading rookie, you can do it with no sweat. If you're a pro, you can practically do it in your sleep.
Whether you want a weekly payday, or a monthly or even yearly payout, you can use any stock you own outright to make this "instant income" move work.
And with the example I'm showing you today, you'll see just how easy it is for traders of any experience level to pull this off profitably… Full Story
By Tom Gentile, America's No. 1 Pattern Trader, Money Morning • @powerproftrades - • Print | Email
The S&P 500 has skyrocketed 46% over the past four months, and the Nasdaq hit an all-time closing high of 10,767 on July 20, surging 56% over the same period.
Thanks to mobile investing, more and more people are getting in on the big stock-buying party.
If you're following along with us, I'm sure you're taking down winners, too.
Now, I'm the last guy that who'd want to spoil a good party – especially one where we're raking it in hand over fist.
So, rather than harp on the obvious systemic risks which we all know are out there, I'm going to show you an inexpensive way to protect those bull-market profits and, even better, pocket more when the market makes its inevitable turn.
Because your profits don't have to take a hit just because a bull market has. There's an added benefit to hedging when the markets are close to highs, too: Protection is ridiculously cheap.
The timing's good, and the price is right. Let's jump in… Full Story
The timing's good, and the price is right. Let's jump in...
By Tom Gentile, America's No. 1 Pattern Trader, Money Morning • @powerproftrades - • Print | Email
We are in the midst of one of the most important earnings seasons to date.
The coronavirus has impacted revenue across the globe, and it isn't over. Now we're getting a glimpse as to how big that impact is.
The pandemic has left 174 million people unemployed worldwide, which has ultimately resulted in $2.1 trillion in lost income. Yet the Nasdaq just hit an all-time high of 11,069.
We don't know which way each stock will go after earnings, but we don't need to…
What we do know is there will be volatility in the coming weeks – and where there's volatility, there's opportunity. There are tons of gains on the table for your taking.
Today, I'm going to show you a strategy that allows you to secure profits no matter what direction stocks move on their earnings reports.
Then I'm going to give five trade recommendations to put this strategy to work now – you want to get into the first one by Thursday… Full Story
By Tom Gentile, America's No. 1 Pattern Trader, Money Morning • @powerproftrades - • Print | Email
Sandwiches, suits, couches, Bitcoin mining rigs – pretty much anything I can think of, there's nothing quite like getting something custom made, just the way I like it.
There's trucks, for instance. If you click here, you can take a look at my trophy-winning custom job… "Goliath."
Goliath came off the "shelf" as a Ford pickup… then we made some tweaks here and there.
I'm really proud of it (as you can see). Goliath is beautiful and practical; we regularly pile in for family road trips, rolling in style in a ride that's got "my truck" written all over it.
Putting together a good trade is the same way – custom made.
When you put on the special trade I'm going to tell you about in a second, you'll be making a move that's perfectly tailor-made to your unique risk tolerances and profit goals… Full Story
By Money Morning Staff Reports, Money Morning - • Print | Email
We've been waiting for Wall Street to latch onto electric vehicle stocks.
And that moment seems to have arrived.
Tesla Inc. (NASDAQ: TSLA) is up 84% in the last month.
Workhorse Group Inc. (NASDAQ: WKHS) is up 275%.
Another top EV stock is up 133%.
But we're going to show how you can still profit from this stock using our best Robinhood options trade this week.
That's even if it pulls back.
