It hasn’t been easy finding quality trades in the post-Turkey Day whipsaw markets of the past week.
Between the low-volume holiday hangover, Federal Reserve Chair Jerome Powell loving the sound of his own voice and omicron fears spiking volatility, no corner of the market is safe.
In times like this, we should trade small, stay nimble and aggressively take profits…
And in my Weekly Blitz Alerts strategy, that’s exactly what we’ve been doing!
Let’s take a look at some of the fantastic results and then turn our attention to a few tickers I’m keeping my eyes glued on as we head into a new week in the New Money Crew Weekend Watchlist…
A Big Overnight Win and the New Money Crew Weekend Watchlist
The bulls revved up on Harley-Davidson Inc. (NYSE: HOG) on Tuesday with a buyer scooping up 3,000 contracts in a calendar spread between the Dec. 17 $37 strike call, and Feb. 18, 2022, $41 call spread.
As the S&P 500 seesawed up and down on COVID-19 fears and Powell’s comments, the markets were rough with a liquidation break of Friday’s low into a light volume bounce Tuesday afternoon.
With HOG down 3% on the day and some bullish call flow, a move to $38 per share — HOG’s 20-day moving average at the time — was in a prime spot for a pop. And pop it did on Wednesday for a 50% overnight gain!
Of course not every trade is going to be a winner… let alone this fast… but that’s something Weekly Blitz Alerts has been able to do, even in these choppy markets.
That’s because we like to target companies seeing unusual options order flow throughout the day… Then we get in on these plays and follow the “smart money.”
In fact, on my New Money Crew Weekend Watchlist, I have a short list of names seeing heavy options activity as we close out the week.
First up, we have Uber Technologies (NYSE: UBER) attracting the big accounts as they prepare to roll out a few new features in the coming weeks. Shares were down more than 6.5% during Friday’s session.
Next, we have EV-maker Lucid Group Inc. (Nasdaq: LCID) as its shares continue to flag this week. The stock saw prices run up from $24 at the end of October to a high of $57.75 on Nov. 17 on the power of earning “car of the year” honors from the powers that be.
Last up on the New Money Crew Weekend Watchlist, we have Opendoor Technologies Inc. (Nasdaq: OPEN) seeing bullish order flow after a nasty skid in November. Realtor names took a beating across the board for the month. Bullish traders came in to buy the dip Thursday on OPEN, which will likely benefit from the exit of competitor Zillow Group Inc. (NYSE: Z) in the online house-flipping business.
Check out the quick video below to get my thoughts on our winning HOG trade. And if you’re looking for more guidance on trades like this one, be sure to check out my Wiretap Trade Alerts strategy!
P.S. I just revealed how I was able to spot trades that have returned up to five times my initial investment.
Not only has this strategy protected my portfolio from long-term volatility, but it’s allowed me to bank massive winners, sometimes in as little as 24 hours!
We’ve never really seen anything quite like this before.
With Weekly Blitz Alerts, we can slash our dependence on the old buy-and-hold strategy. And forget spending hours reading through pages of earnings reports and squinting at stock charts.