We have another New Trade for our Weekly Wrap and a Profit Alert on a LEAP option trade that is up 107%!
We mentioned we would be opening up the playbook as volatility heated up and our New Trade is a strangle option play.
Today’s recommendation is on a stock that could move 15%-20% over the next day or two as shares recover to trade past $20 on a short-squeeze. Or, the stock could challenge the mid-teens after testing recent 52-week lows just north of $18.
Subscribers, check the Weekly Wrap premium section for the New Trade and Profit Alert. We are also selling call options against one of our current positions.