I did everything I could to beat the war drums and shout from the hilltops that growth and junk stocks were poised for a bounce…
When you see a strong move down like that, you’ll often see a big bounce like we are Tuesday…
And it shouldn’t be any surprise that tech names are leading the way up!
I hope you took advantage of Tuesday’s junk stock bounce because our New Money Crew strategies did just that…
In fact, it’s one of the best weekends Wiretap Alerts has ever seen!
How We Crushed Tuesday’s Junk Stock Bounce
This time last week, I was laser-focused on one thing — the energy pullback.
I said then the stocks that would bounce most if we get energy selling off should be the Ark Invest names, the high-growth stocks…
But you don’t have to take my word for it. Check the clip up top for yourself.
Well… energy names kept selling, and would you look at that…
Our good friend Cathie Wood, the CEO of Ark Invest, is having an excellent start to her holiday-shortened week… In fact, her junk stock behemoth, ARK Innovation ETF (NYSEARCA: ARKK), bounced 8% before lunchtime!
On Friday, we saw big wires hit the tape on her latest No. 1 holding, Roku Inc. (Nasdaq: ROKU).
Given everything we’d seen last week, I was willing to take a risk and size up on ROKU’s June 24 expiration, $82 strike calls. We also had a bonus trade in addition to our three weekly plays — all of which were winners! A 4-for-4 week — BANG!
As a result, our Wiretap Alerts strategy, which reeled in a 45%* winner on ROKU in a beefed-up position size brings the weighted average return for this week’s four trades to 155%!*
That’s the second-biggest week in strategy history, trouncing the 14.44% weighted average return each week among the three trades issued — including all winners and losers — since its debut!
And this week’s hat trick plus one of winning trades makes us 11 for 12 over the past four weeks, bringing Wiretap Alerts’ win rate up to 68.7% since our Sept. 24, 2021, launch date… Not bad… not bad at all! I mean… have you seen how brutal this market is?!
And we’re bringing home winners in better than two-thirds of our trades every week on average!
If you got in on any of these trades, write and let me know how you did at firstname.lastname@example.org. We’ve already gotten a couple of nice emails from some of you, which always puts a big ol’ smile on my face!
One thing is for sure, we’ve seen some crazy, choppy markets so far in 2022. And with price action like this, options spread strategies are fantastic tools to have in your trading arsenal…
That’s why at 4 p.m. EDT on Wednesday, June 22, I’m holding a LIVE advanced spread strategy workshop!
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.