Another day, another bloodbath — and the New Money Crew strategies are still standing tall and ready to roll into next week, armed with a new Weekend Watchlist!
There’s been nowhere to hide in these sell-offs, and traders holding long term are going to feel some pain — I know I have.
Thankfully, we’ve had some fantastic trades amid all the volatility that have saved the day.
We started the week off with another hat trick of winning trades for Wiretap Alerts including a nice upside gain on Quidel Corp. (Nasdaq: QDEL).
Of course, the trade of the week goes to Weekly Blitz Alerts with an absolute MONSTER return on Walmart Inc. (NYSE: WMT) puts…
Top Retail Stocks Plunge on Earnings
Several retail stocks including top discount chain Walmart and rival Target Inc. (NYSE: TGT) delivered dismal results for the first quarter…
But it didn’t shock everyone on Wall Street… Just before lunchtime on May 13, we spotted a massive institutional buy of the May 20 expiration, $142 strike puts for more than $360,000 in premium.
We took a position closer to the money at the $145 strike, which was trading around $2.01.
We trimmed the position on Monday as shares dipped as much $1.50 for a quick 24%* gain and held the rest, hoping for some fireworks on Tuesday’s earnings report…
Spoiler alert — there were fireworks, and they were amazing!
Walmart topped revenue expectations but inflationary pressure on its supply chain dropped its earnings to $1.30 per share — missing Wall Street expectations by about 12%.
The disappointing news cratered the stock — sinking shares more than 11% Tuesday — and sending those put premiums ripping higher.
Blitz members got the alert to sell the balance around $9 a contract on Tuesday for a HUGE 347.8% gain**… But like 16-time world’s heavyweight champion, Ric Flair who’s set to return to the damn ring at 73 years old, these options just kept going… and going…
Last I checked, those options peaked over $26 per contract.
No, we didn’t get peak gains… But I’ll take a “meat and potatoes” 347%** gain in two trading days any time!
That’s our top trade of 2022 so far, crushing our average 8.9% return and seven-day hold time per trade — including winners and losers — since we started back in 2020.
It’s always great to catch a rocket, but markets like these don’t give you a lot of time to celebrate…
And that’s why I’m here every Friday with some fresh tickers for the New Money Crew Weekend Watchlist!
New Money Crew Weekend Watchlist: May 20, 2022
Starting off the Weekend Watchlist, New Money Crew is going to stick with our friend PayPal Holdings Inc. (Nasdaq: PYPL)…
As we mentioned in Thursday’s Blitz Daily, we saw some rotation back into growth this week.
Volume picked up on Thursday with shares gaining 5%. Shares continued to gain in the premarket before losing momentum at the open and dropping 4% by midday… But I don’t mind the pullback.
PayPal is starting to form a long signal after a nasty sell-off, and we’re seeing some large call buying in the options!
I will say, if you’ve been following growth stocks, you can’t overlook Roblox Corp. (NYSE: RBLX), our next addition to the New Money Crew Weekend Watchlist.
While tech names have struggled through May, the augmented reality gaming platform has spent the past two weeks on a scorching rally.
Since bottoming out around $22 per share on May 11, the stock gained more than 55% by Thursday’s close with repeat institutional buying in the options chain!
Our third name on the New Money Crew Weekend Watchlist is EV newcomer Rivian Automotive Inc. (Nasdaq: RIVN).
The stock made its debut back in November, so we don’t have a lot of history with it… But the history we do have has been explosive!
We’ve seen increased options activity in Rivian this week including some long-dated calls with lofty price targets.
Like it or not, these names are going to move with the Nasdaq…
But with growth names so beaten down this year, don’t be surprised if these names make outsized jumps when the markets rally.
P.S. My team and I have been working on a brand-new trading indicator for the better part of this year…
We’ve code-named this initiative “Project X.”
But before we roll it out as a full-blown trading strategy, we need to make sure the system is as rock solid as we believe it to be…
So far, our system has signaled winning positions in TSLA, AMD, COIN, UPST and PYPL.***
Now I want to take our testing to the next level — and I need your help!
I’m looking for around 100 traders interested in beta testing this new indicator over the next couple of months.
Of course, I don’t expect traders to jump in sight unseen, so I’ve put together a small demonstration on how it works…
*Stated results are typical for given period. Past performance is not indicative of any future results. Trade at your own risk.
**Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.
***Past performance is not indicative of any future results. Trade at your own risk. From Feb. 25, 2022, through May 4, 2022, five winning positions were issued while four remain open. The average rate of return was 38.33% over a seven-day hold time.