The team is out with a couple bullish pieces on the metals sector this week. This chart in Gold, in particular has my attention:

This looks like an upside move I want to play.

Feels to me the stock market is at one of those inflection points. Personally, I'm finding it difficult to find trades that I'm willing to bet too aggressively long here. But on the flip side, I'm not willing to get aggressively short here either. In situations like this, the best move is often to patiently wait for the market to tip her hand. Problem is, we all know waiting is the hardest part (cue Tom Petty).

Of course, there are strategies options traders can employ profitably when the expected move is a sideways chop fest. And the best way to line the odds of profitability more in our favor is to find situations where a sideways grind has already begun to take shape and it is coupled with higher than average volatility being priced into the options. When selling premium, this gives us some nice cushion to absorb some moves.

I've found just such a situation for us to take advantage of.

The ASC team is out with a piece calling for a potential short-term bottom in the Energy space. I'm liking some of the setups I'm seeing and I've got an options play to get us involved.

JC is out with a piece today that is bearish on Latin America broadly, and more specifically, Mecradolibre $MELI.

Here's the money line:

Here is the chart showing Mecradolibre failing once again near this 677 level that has been trouble since last year. There is clearly still an overwhelming amount of supply here. The bet is that $MELI gets back down to 517, which would put it near the lower end of this multi-year range:

The stock is expensive so if getting short a $650 stock feels pretty unappealing to you, I've got an options trade that may be more palatable.

It's been an interesting couple of weeks, eh? Tesla put on a show, Coronavirus, we've gotten a little two-sided action in the broader markets, and volatility reminded us it still exists. But as we know, volatility fades. And right now, there is some elevated premium levels too tempting to ignore. So we're selling some premium here.

This is the video recording of the February 2020 Conference Call for Members of All Star Options

"It's a Miracle!" has probably been uttered through tears by stock market bears, news watchers, and particularly Tesla $TSLA bears repeatedly in recent weeks. We're not sorry. If you ignore price action, well... that's on you, friendo.

That said, we've got our own "miracle" play that is setting up nicely...

Well here we are, the first "panic" of 2020. Markets are selling off a bit, the TV and twitter birds are chirping, trying their best to get you to act irresponsibly in your portfolio.  And maybe you're even feeling a bit of unfamiliar heat on some of your long positions. Time to get scared, right?

Maybe. I dunno. But this I do know -- fear subsides. And in options trading parlance, volatility mean reverts. I'm stepping in and selling the fear today.

In a recent piece, JC laid out the case for why we should be considering some bullish plays in the Utilities sector. A bunch of the stocks mentioned have already broken out, but another one is setting up nicely today so we're getting to work here.

Looks like a stock that trades in sympathy with the Homebuilders sector (which we're bullish on) is finally breaking out and ready for us to spring to action.

Wow.

What a run we're having in our Long May 100-strike calls in $BYND purchased on December 20th for $4.00 when the stock was trading below $77/share.

I wish I could say this was a regular occurrence, but of course we know this isn't true. However, this I know with absolute certainty: stepping up to the plate and taking our swings in trades with proper reward-to-risk setups, appropriate position size, and a plan for risk management again and again allows us to "get lucky" every once in a while. And sometimes it only takes one or two trades to make your month or your year. This $BYND trade certainly has a solid chance to become one of those year-makers.

Back to luck, there's a big difference between true "luck" like winning the lottery, and manufacturing your own luck through Best Practices. Which luck would you rather have?

I've been contacted a bunch by people who followed us into this trade and the general feeling I get from people is that they are scared -- scared of letting these enormous open profits get taken away by the evil Mr. Market.