One sector that I feel a bit underexposed to right now is real estate — particularly REITs. And when a dominant player in New York City’s commercial real estate sector pops up in our scans with a beautiful chart, it feels to me like this one might be set to surprise a lot of people.
It’s All or Nothing
[Options] Buy the Biotech Sector
Steve Strazza and I hosted another Flow Show today on Stock Market TV and discussed opportunities in the Biotech space.
Starting at an index level, we see that biotechs are clearing a base and appear set on breaking out:
From there, we started diving into some individual biotech names to play the breakout, but many of the charts offered unique challenges that made it tricky to pick one to take the most advantage or the sector breakout.
So when that happens, sometimes the best move is simply to buy the index!
And that’s what we’re going to do here, using the sector ETF $XBI as a vehicle for expressing our bet.
Here’s the Play: [Read more…]
[Options Premium] Dashing For the Door
Today’s trade is a bet on the speculative juices continuing to flow through the summer. This stock has been performing fantastically since the November stock market explosion, but if we’re a believer that this stock is simply tracing out the right side of a larger base, then we’ve still got plenty of upside to go.
Here’s a chart of DoorDash $DASH: [Read more…]
[Options Premium] If It’s Gonna Go, It’s GONNA GO.
Today’s trade is in a name that has the potential to really rip. Of course, the nature of this type of trade is that it has a lower probability of success.
But if we get it right, our potential gains will likely be exponentially higher than any heat we’re likely to take in this trade if we’re early or wrong.
So let’s get right to it. [Read more…]
To Quit or Not to Quit
[Options] Looking For an Energetic Breakout
This morning, my Head Technical Analyst Steve Strazza joined me on The Flow Show to put our heads together on a new trade:
Strazza loves the Energy sector here, and of all the charts he likes, I liked this one in Valero Energy $VLO the best:
Best of all, options premiums are near the lowest levels of the year for $VLO:
This isn’t entirely surprising. The stock has been consolidating just below all-time highs since early 2022. And the consolidation has been continually tightening.
Sideways markets may not stop you out of your positions, but they are likely to wear you out. And when traders are exiting their positions giving up on the thought of any directional movement, options premiums tend to decline because few participants feel the need to protect their positions or aggressively bet on accelerating price change.
This creates an opportunity for those of us who can position ahead of the big perspective change that comes with new all-time highs.
Here’s the Play: [Read more…]
[Options Premium] All is Good in the Hood
The speculative fever is returning in a big way.
Today’s trade is in one of those names that has already benefited from the recent surge in stocks and crypto prices and is likely to continue thriving if this brewing mania is here to stay for a while longer.
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