There have been tons of amazing trades hitting my Blitz Tracker the past few weeks to be excited about. And today I want to discuss a name to play spiking car prices…
There have been so many red-hot tickers running in the Blitz Daily Market Color I don’t have enough room to squeeze all of my favorites into the watchlist.
So today I wanted to take a moment to dive into a few of the names and share as much intel as possible about them.
I’m also going to drop a few extra trade ideas to help in your hunt for big gains.
One name from the Blitz Daily Market color and this week’s watchlist I’m super interested in — because of spiking car prices — is KAR Car Auction Services Inc. (NYSE: KAR).
Between the semiconductor shortage bottlenecking production and ramping demand as Americans start to leave their houses, car prices are spiking… especially for used cars.
One of my trucks has actually appreciated in value in the past couple of months! It’s crazy.
And soaring prices for used inventory is great news for a company like KAR.
On June 2, traders jumped in to buy July $20 call options. They actually hit it about two minutes before the close, and it was a big trade — about 3,000 contracts in KAR.
We saw similar trading a few months back before earnings, and the stock catapulted 17% to the upside, so it’s one to keep on your radar.
As I mentioned, my Blitz Daily Market Color is overflowing with so many amazing trade ideas that I have a few bonus tickers you should be watching this week. Be sure to click on the quick video below to get the names!
Of course, for more trade opportunities like this — with specific entry and exit guidance — check out my Weekly Blitz Alerts service.
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Traders need a new way to level the playing field against Wall Street and its lightning-fast trading activity — without putting their entire portfolio at risk.
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Blitz is where I show everyday investors how to capture predictable profits with trades that could pay out overnight.
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