Laden...
Friday Market Overview ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
In times of international unrest, the price of oil is set to spike. Now that Ukraine has fired upon Russia and tensions are rising, Frank and Andrew are ready to make their long oil play. Plus, their Zero Theta trade strategy allows them to spend less money and take on less risk. Click here to find out how.
Friday Market Overview
Hey Traders,
As we wrap up another eventful week, the markets continue to signal a good mix of bullish and bearish moves. While the S&P 500 and NASDAQ have shown strength, breaking through key resistance levels, we still have our conerns about overvaluation in certain sectors, particularly tech stocks like NVIDIA (Ticker: NVDA).
Stay tuned for our Ticker of the Week: NVIDIA (Ticker: NVDA) coming tomorrow.
The followings topics were all covered in our weekly live show "Big Flow Friday"
We host this show every Friday at 8:30am ET.
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Option Pit Team Key Takeaways:
S&P 500 and NASDAQ Strength: Both indices have broken through significant resistance levels. As a team, we think this one has some room to run. So buckle in and enjoy the climb. Bitcoin and Crypto ETFs: The recent surge in Bitcoin and the launch of Bitcoin ETFs have created new opportunities for investors. However, Licia wants to remind everyone that it's important to remain cautious and monitor RSI levels for potential pullbacks. There's also word of a cash-settled bitcoin on it's way. Check it out here. Energy Markets: Geopolitical tensions, obviously the ongoing conflict between Russia and Ukraine, continue to support oil and natural gas prices. Andrew keeps reminding us that tensions are still high and it would take one wrong step to send things into overdrive. Keep an eye on USO and XLE. NVIDIA's Meteoric Rise: NVIDIA's still abiding by the "This Is America, and Stocks Go Up" mantra. It will finish off the year as the real juggernaut of 2024.Trading Strategies:
Volatility Trading: The current market environment presents opportunities for volatility traders. Strangles and straddles can be effective strategies to capitalize on increased market uncertainty. Option Income Strategies: We'll dive more into this in Ticker of the Week breakdown, but selling covered calls on NVIDIA is a solid strategy right now. We think it can generate income while severely limiting our downside risk. Energy Plays: Given the Ukraine/Russia escalation and potential supply disruptions, we see energy as a sector to offer up some real upside.Conclusion
As we head into the holiday season, it's important to maintain a disciplined approach to trading in the market right now.
We could see things dump just as fast as it ran up.
While the market is offering up some exciting opportunities right now, it's essential to pick the right options to maximize profit potential and minimize the downside.
Perfect example of this is the Capitol Gains 5,400% winner using a Zero-Theta trade in RCAT Holdings.
During our morning meeting, Frank gave us a sneak peak at some potential upcoming picks (AI and Drone related.)
It's an exciting time for members of Capitol Gains and there are much more trades coming.
If you're not a member, give this a look.
Have a great weekend!
Your Only Option,
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