The team at All Star Charts has started putting out a new report called "Follow the Flow." The goal of this report is to "create a universe of stocks that experienced the most unusual options activity – either bullish or bearish… but NOT both."
The unusual activity we're witnessing in these stocks is not necessarily "smart" money, but "aggressive" or "motivated" money. This is a useful signal.
With this in mind, one of the names mentioned in the most recent report caught my eye for a shorter duration bullish options bet.
We're continuing to see strength and leadership in the semiconductor space. And a name the All Star Charts teams has been high on for some time has recently begun to break out from a new consolidation. Being that the stock is also making all-time highs -- you know situations like this get me excited.
So heading into a long Memorial Day Weekend, we're putting one more position on the books to round out our month.
The ASC team had a post out last week highlighting some bullish developments here, and the strength continues in early trading this week. And one stock, in particular, is threatening new all-time highs coupled with declining options prices --- my favorite kind of setup.
I'll be honest with you. I've been on cruises before. I don't think I have a need to ever do them again. I mean, the time spent "in port" was where the real fun for me was. Time trapped on the boat? Meh.
But, I know many people disagree with me and LOVE going on cruises.
I'm fine with that. Especially if it gives me an opportunity to make some money. And we've got one such opportunity on board!
A few of my readers have pinged me privately drawing my attention to an Oil & Gas sector name that could possible make for a good "catch up" trade in the space. I generally would rather play in the leaders, rather than hope for the laggards to catch up, but I've been observing the price action from a safe distance after the ASC team put out a bullish idea in this name during their Monthly Charts Strategy Session a couple weeks back.
I like the way it put in a hard reversal last week and it's giving me some comfort to get in now with calls options priced pretty affordably.
The latest Young Aristocrats report dropped on Friday last week. If you love dividends combined with momentum (who wouldn't?), then this report is always a must read.
Banks of all sizes have been a bright spot for us lately as we're currently enjoying gains in Morgan Stanley $MS and the Regional Banks ETF $KRE.
Well, this week's YA report highlighted a couple more banks with attractive setups and one in particular looks like a great setup to play with straight long call options.
Fortunes change. We've seen it time and time again, where once-prominent companies -- even entire industries -- fade away to shadows of their former selves or worse -- fade to oblivion. To the trash heap of has-beens.
But, occasionally we see these companies then reinvent themselves and rise like a Phoenix from the ashes.
SpaceX has made it cool to talk and dream about Space again. I'm sure many of you, like me, had dreams of being an Astronaut and walking on the moon when you were growing up.
Now that I've grown up, I dream of stocks going on rocket ship rides to the moon. Same difference ;)