Things are moving and shaking Tuesday, so we’re skipping the usual Blitz Daily to talk about the latest inflation numbers… and, more importantly, monster wins!
The Consumer Price Index print came in lower than expected at 7.1% year over year, signaling markets may have passed peak inflation and sending Wall Street into a wild rally… At least at the open…
The S&P 500 gapped up over 2.75% while the Nasdaq jumped more than 3.8% as tech and growth names spiked in the last hour before the opening bell!
The CPI-driven rally cooled off by midday as traders took profits and prepared for Wednesday’s Federal Open Market Committee interest rate announcement.
Markets move quickly, and traders need to be ready and waiting when big catalysts hit the tape.
Our New Money Crew strategies spent the past week getting in position to pounce… and it paid off Tuesday morning in a big way!
CPI Rally Sends Options Trades Soaring
We’re going to start the roundup with Heavyweight Trades… Our Master Indicator spotted a major surge of volume Monday into Paramount Global (Nasdaq: PARA).
Share prices struggled thanks to ugly headlines in recent weeks, first with a collapsed buyout offer for publisher Simon & Shuster in addition to CEO Bob Bakish warning of sluggish ad revenues for the fourth quarter…
With the upcoming release of the long-anticipated sequel to Avatar — the highest-grossing film of all time — alongside the volume spike and repeat bullish options activity, I couldn’t pass it up.
Normally, I’d be fine with holding until the movie hits theaters on Friday… But thanks to the CPI rally, we didn’t have to wait long to take profits on the options!
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
Shares of PARA leapt more than 6% from Monday’s closing price in the first 15 minutes of trading, sending our January calls skyward for a 47%* overnight return — BOOM! That pushed our average return, including winners and losers, to 7.8% with a 68.75% win rate in an eight-day average hold time since we debuted the strategy on May 19!
But that was just the start of the fun… Today’s pop also helped Wiretaps Alerts close out our longest trade to date, as Tuesday’s 2.6% bounce in Juniper Networks Inc. (NYSE: JNPR) helped springboard our January monthly, $32 strike calls for a 21.5%* gain!
With the trade closed, that seals up two weeks of winners for the strategy, stretching the win rate to 73% with an average return of 12.4%, including winners and losers, over a three-day holding period since we launched on Sept. 24, 2021 — you have to love it!
Capping off Tuesday’s hat trick of winning trades is Weekly Blitz Alerts, with another monster overnight gain on a beaten-down tech name, Asana Inc. (NYSE: ASAN).
After soaring high through the pandemic, the software stock has since crashed back to earth with shares plummeting over 78% in 2022…
This isn’t a name seeing a lot of call buying lately — the short float on ASAN is over 17% — and when my scanner spotted repeat bullish order flow for cheap options on a short squeeze candidate on Tuesday, we had to tag along!
Shares broke out over $16 with Tuesday’s rally, topping 8.5% from its previous close as our Dec. 30, $15 calls squeezed higher!
We exited for a lightning-fast 61.5%* return, crushing the 13.6% average gain — including winners and losers — and eight-day average hold time, bolstering our 66.7% win rate since the strategy went live back on Feb. 21, 2020!
This is why I love trading institutional order flow… Because when big events rock the tape, we’re in position to take advantage!
And with another major market event lined up for Wednesday, I’m going LIVE extra early to trade the open ahead of the Fed’s decision to pull back the curtain on some of my favorite strategies!
I’ll also show traders how to read and track unusual activity inside the options market, and discover the THREE most important elements of any trade… along with a special one-time surprise for attendees!
It all kicks off at 9:30 a.m. ET sharp on Wednesday, Dec. 14, so click this link and grab your seat now!
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.