Archive Category: Max Profit Alert (Alerts)

Last week I recommended adding a short position on Tesla Inc. (Nasdaq: TSLA), and the week prior a bullish play on Pacific Biosciences Inc. (Nasdaq: PACB).

I explained two weeks ago how the Tesla puts we bought on July 5 will expire on January 20 … likely not giving us enough time to capture the full extent of a potentially massive drop in Tesla shares ahead.

Our portfolio now holds four positions with the recent expiration of the call options we held on the Alerian MLP ETF (NYSE: AMLP). Three are “bearish” put options, and all four are due to expire on January 20, 2023. As such, it’s time to add a new position and extend our exposure beyond January. We’ll do that with a bullish play on a promising biotech company that’s selling for 70% less than it was in 2021.

I recommend you take your final chunk of profits from our bearish trade on Spanish stocks. The contracts we hold expire on October 21, so our time’s up. You’ll see later today in your full issue of Max Profit Alert that I don’t think “the bottom” is in just yet. But yesterday we saw the vast majority of stocks and equity-market ETFs climb higher.

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