Another wild week is in the books along with the first month of 2023 — and what a ride it’s been so far, especially if you’ve been trading options on tech stocks!
If you’ve been following New Money Crew for any length of time, you probably know I’m not really interested in ultra-long-term outlooks…
When you follow institutional order flow like we do, you learn that markets turn on a dime. And what feels like a sure thing one minute can be a rug pull the next.
With volatility like that, a month might as well be a lifetime for options traders…
But that doesn’t mean we’re running out into the markets without a plan…
New Money Crew Strategies Continue Hot Streak Trading Tech Stock Options
It’s critical that traders be able to identify broader trends in order to spot and exploit opportunities in the market.
In late December, I released my outlook for 2023… And our strategies have executed fantastic results in the new year — week after week!
Long story short… I NAILED IT!
In that outlook, I covered the opportunity that was brewing across the tech landscape from the mega-caps like Netflix Inc. (Nasdaq: NFLX), Apple Inc. (Nasdaq: AAPL) and Amazon.com Inc. (Nasdaq: AMZN)… to the highly shorted junk stocks and Cathie Wood darlings like Zoom Video Communications Inc. (Nasdaq: ZM), Roku Inc. (Nasdaq: ROKU) and Coinbase Global Inc. (Nasdaq: COIN).
All of those tech names were a complete bloodbath with the Nasdaq losing a third of its value in 2022.
People thought I was crazy when I made that prediction…
But when the capital flowed back into the top of the QQQ, it brought the junk companies along for the ride — with a little extra juice from traders having to cover their shorts as the Nasdaq squeezed higher.
All told, the Nasdaq is up 17% so far in 2023, leaving the S&P 500 and its 8.5% gain in the dust…
Not so crazy anymore, is it? This week, we saw the same story play out again… Just look at what happened with Coinbase…
Wondering what those little arrows mean and how they can help improve your trading? Get the details here!
And while it would be great for the COIN bonus call options we issued Monday for Weekly Trade Alliance to be officially on the books… Just look at that moonshot…
If you took that trade, email me a tradelancetrade@gmail.com and let me know how you did so I can nominate you for the Hall of Fame…
Can’t Stop Trading That Options Flow
Those aren’t the only fantastic options gains the New Money Crew strategies saw this week — Weekly Blitz Alerts saw mixed results playing the downside with a 39%* put gain on Pfizer Inc. (NYSE: PFE) before getting caught in front of the freight train with Affirm Inc. (Nasdaq: AFRM) puts for a 46%* loss…
But we didn’t let that stop us from a quick bounce back on Thursday with a fantastic 50%*, one-day gain on Carvana Co. (NYSE: CVNA)-correlated junk stock ACV Auctions Inc. (Nasdaq: ACVA) — you love to see it!
If you’re wondering how that stacks up… This week’s results brought the Blitz overall win rate to 66.4% since the strategy’s debut on Feb. 21, 2020, with an average return of 13% — including all winners and losers — and an average hold time of 7.4 days.
If you’re not day or swing trading this phenomenal order flow… I don’t know what you’re doing.
This continues to be some of the best trading conditions I’ve seen in years.
I can’t tell you how long it’s going to last, but what I can tell you is that our strategies are going to ride this trend as hard as we can for as long as we can.
Of course, trading is risky — like we saw with AFRM, not all of these trades are going to work out.
But that’s why I preach day and night about proper risk management and keeping position sizes manageable, so that even if the worst happens, we’ll still be standing…
Check out the clip from our Friday edition of Crush the Open and let’s talk about trading tech stock options. And if you like what you see, be sure to join me and Jeff Z every Monday at 9 a.m. ET!
Mannnn do I LOVE this market.
Bulls are back… Stocks are volatile…
S#$% stocks like CVNA popping 30% in a day… and then dropping like a rock…
I love to see it! Because it’s the perfect environment for my Wiretap Trade Alerts.
You see, WIRES are often used by Wall Street to trade ahead of major weekend news releases…
And by spotting them on Friday afternoons with my scanner…
We’ve been able to position ourselves in front of MASSIVE market moving stories!
Find Out How to Get in on My Next Round of Trades
*Stated results are atypical for given period. Past performance is not indicative of any future results. Trade at your own risk.