Archive Category: Max Profit Alert (Alerts)

I recommend you make three trades today. This is your first action to take. Stay tuned for a trade alert coming shortly with two more actions to take, including a brand-new position! First, though, we’ll cut our losses on a position that’s no longer well-suited for the current market environment. I recommended a bullish trade on the Financial Select Sector SPDR Fund (NYSE: XLF) on February 15.

Yesterday, I recommended you set a profit-taking trap on our Chevron Corp. (NYSE: CVX) calls. That involved placing a limit order to sell at $37. I’m pleased to confirm that we hit that profit trap this morning. We got in at $6.15 and out at $37 — a gain of 502% on the final third of this position. Congratulations!

Shares of Chevron Corp. (NYSE: CVX) have gone vertical in the past week. Including today, the stock is up five days in a row and has gained more than 15%. This exponential move higher has been great for the $120-strike call options we bought on December 7. They’re up nearly 500%! Today, I recommend you set a profit trap to sell the final portion of your position for $37.

Alongside the continued geopolitical turmoil surrounding Russia’s invasion of Ukraine, the price of gold remains strong and is holding its bullish breakout of a week ago. It’s time to make a play! Shares of the VanEck Vectors Gold Miners ETF (NYSE: GDX) made a bullish breakout above $35 last week. That $35 level was where the diversified gold miners exchange-traded fund ran out of steam on its last rally, in November 2021.

Last week, we took two positions off our books — our calls on the Energy Select Sector SPDR Fund (NYSE: XLE) and our puts on the iShares Russell 2000 ETF (NYSE: IWM).