There isn’t much in the stock market I love more than a good dip buy…
If you only listen to the financial media, odds are you’re only going to hear about the big movers up 5% or more…
Then the folks at home relying on that advice go and chase stocks already peaking, the trade loses money and they’re left wondering what the heck happened.
It’s human nature. We like to bet on something that’s winning because it feels “safe.”
But going long close to the high is also a safe way to lose money…
There’s an old saying in the markets: “The time to buy is when there’s blood in the streets.”
It means you often find the best opportunities when things are at their worst.
And we saw a buy-the-dip options strategy pan out in the past 24 hours with GreenSky, and Daily Profits War Room members had a front row seat for the action!
Break the Market With Buy-the-Dip Options Strategies
If you want to see some stock market blood, look no further than Tuesday’s trading action.
GreenSky Inc. (Nasdaq: GSKY) saw a nice bull flag breakout in recent weeks. And then, out of nowhere, it got hit with a massive sell-off on Tuesday. Shares dropped more than $1 to shake out all of the stop-loss triggers before closing about 12% to the downside — WOOF!
And while the news media was watching the stock tank, the Blitz Tracker had its eyes on the options chains.
Aggressive buyers hit the September and December monthly $10 strike calls with more than 1,500 contracts bought around $0.10 — that’s dirt cheap!
And my hat’s off to these degenerates and their buy-the-dip options strategy… because Santa came early for GreenSky holders.
News hit the wire Wednesday confirming a report by The Wall Street Journal that the boutique finance firm agreed to an acquisition from Goldman Sachs Group Inc. (NYSE: GS) at around $12 a share.
That was more than enough to shoot the stock above the $11.50 level in premarket trading…
And those dirt-cheap 10-cent September calls? Well, they were up as much as $2.20 a contract — BANG!
Check out the quick video below where I break down the move and talk about buy-the-dip options strategies. 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 me right here talking stocks and options trading — and printing money — on WealthPress.com! And if you have questions or a topic you’d like to discuss, email me at lance@newmoneycrew.com.
P.S. Ever wonder why Wall Street always seems to be one step ahead of the average Joe trader?
It’s because the big firms have a ton of top-secret trading strategies that give them an edge over everyone else!
And while their methods are usually kept under lock and key… I’m pulling back the curtain on Wall Street’s best-kept market strategy…
I’m ready to reveal how tracking what I call a “Shadow Blitz” can help predict which stocks are ready to explode…
Handing everyday traders huge cash windfalls in as little as 24 hours!
