Archive Category: Max Profit Alert (Alerts)

It’s been a good week for our short Tesla trade. Shares are down more than 12% and both the $200-strike and $100-strike puts I recommended have gained roughly 50% since last Friday. We’ll check in more closely on the Tesla story this coming Tuesday, in your regular weekly Max Profit Alert update. I’m writing briefly and urgently today with a new trade opportunity… As I shared in Tuesday’s WorldView report, “deterioration” of both trends and momentum, is the broad theme I’m now observing in most markets.

Last week, we added a new bullish position in the VanEck Vectors Gold Miners ETF (NYSE: GDX). The June 2023 expiration, $32-strike contracts I recommended are trading this morning for a scant 7% higher than the $3.27 entry price we recorded last Tuesday. In short, if you haven’t gotten in already, this trade is still a “buy.” Today, I’m recommending you make two additional moves — one exit and one new buy.

Last week, I showed how our strategy’s ability to adapt was key to our generating an average profit of 56% on our closing trades in 2022. The thing with adapting to the markets is that your job is never “done.” It’s a never-ending process. It’s a new year now, and four of the option contracts we’re holding are due to expire on January 20.

Today’s note will be a quick one. Both of the Tesla Inc. (Nasdaq: TSLA) put options I recommended on November 8 are already showing a handsome profit. The $200-strike puts are now going for about $61 per contract, up 74% from the $35 we paid for them. The $100-strike puts are selling for more than $7.75 at last glance, up 65% from our $4.70 entry. Today, I recommend you lock in profits on one-third of your position in the $100-strike TSLA puts.

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).