We have 2 NEW TRADE for the Weekly Wrap as we open up the playbook. We have exciting additions coming to the publication and one of the new strategies we are going to use is selling short. This involves selling a stock at current prices and buying it back at lower prices.
There is a stock we have been following for years and although we normally play put options, we have decided to short the stock instead. There is risk of course with shorting but with shares making fresh 52-week lows and currently at $16, we believe there is a chance they trade to $12. A 100 shares sold short will produce us a $400 profit, or 25%, if the low teens trigger.
The other trade is on a stock we feel is going from $15 to $20.
Subscribers, check the Members Area for the updates.