I said it almost nonstop for the past two weeks, and the “junk” stocks keep delivering spectacular moves!
It’s the gift that keeps on giving… Last week, we hit huge wins on Affirm Holdings Inc. (Nasdaq: AFRM) and Roku Inc. (Nasdaq: ROKU)
This weekend delivered all over again on another familiar name — Robinhood Markets Inc. (Nasdaq: HOOD)!
And the New Money Crew strategies added another notch to a growing list of amazing buyout rumor breakouts!
Robinhood Reels in Another Buyout Rumor Breakout
Even though the market was losing steam on Monday, Robinhood was still going strong!
Time after time in 2022, New Money Crew has seen firsthand just how powerful a breakout force the even just the rumor of a merger or buyout can be…
We saw it with Zynga and Activision Blizzard Inc. (Nasdaq ATVI) in January, and kept rolling through 2022 with names like Kohl’s Corp. (NYSE: KSS) and Peloton Interactive Inc. (Nasdaq: PTON)…
And of course, we hit the mother lode with Elon Musk and Twitter Inc. (NYSE: TWTR)!
This time, the Wall Street rumor mill was spinning away on talk that Sam Bankman-Fried, CEO of crypto exchange FTX, could be interested in acquiring the beleaguered stock brokerage.
HOOD spiked as high as $9.49 on Monday from its previous $8 closing price, with shares getting halted in the late afternoon while everyone on Wall Street tried to latch onto the headline momentum.
Monday’s spike in volatility helped Weekly Blitz Alerts close the final leg of our trade on HOOD’s July 1 expiration, $8 strike calls for a 101% total return* over six days, crushing the average return of 17.28% in all winning and losing trades, and the average hold time of eight days since the strategy launched in February 2020.
Meanwhile, members of the War Room saw the Aug. 19, $9 calls hit the tape, trading around $0.76… Those options went on to peak at $1.65 before the closing bell!
It just goes to show that when you follow the order flow, amazing things can happen!
Check out the video to see my take on the buyout rumor breakout as it hit the tape. Don’t forget you can follow me @LanceIppolito on Twitter, Instagram and our YouTube channel for more trading insights and tips. And as always, you can find meright here talking stocks and options trading — and printing money — on WealthPress.com!
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
P.S. One Trade Per Week Could Save Your Summer!
It’s summer and I don’t know about anyone else…
But being inside on my computer hovering over the markets, news and my brokerage account is the LAST thing I want to be doing.
Life is too short for hard-working traders to be wasting all our time staring at stock charts…
So it’s time for everyday traders to ditch their screens and enjoy the simple freedoms of life!
And it couldn’t be more straightforward…
One Stock. One Trade. One Chance Each Week.
