Let’s talk Fundamentals.
Our guest today in our 1pm (EST) Live Trading Webinar will be Bill Olsen of Newsware and he’s going to show us lots of tricks to get the most out of his platform, which is better than a Bloomberg Terminal for bringing you the headlines before they become headlines. While I’m mostly a Fundamental, Long-Term Trader, who doesn’t like to get a jump on a quick trade because you know something that’s not generally known yet?
As Gordon Gekko said in “Wall Street”: “I don’t throw darts at a board, I bet on sure things.” Information is power and we’re living in the information age but, unfortunately, like everything else, you have to learn to read and filter the news and, while Bill has many pre-set filters you are going to love – you are still going to have to put your 10,000 hours in if you want to get your Gekko on.
Just this morning, for example, the following alert popped up at 6:14:
Ant Said to Reach Agreement with Regulators on Overhaul – Bloomberg
(Street Insider 02/03 06:14:06)
Perhaps that headline by itself isn’t helpful but we know that Jack Ma has been out of favor with the Chinese Government and that AliBaba’s (BABA) stock price has suffered because of it. We also know Amazon (AMZN) just knocked it out of the park on earnings so BABA should also do well and that means we BUYBUYBUYU on that news.
BABA is already up $10 pre-market at $264 but that’s down from $319 in October and the best way to play it is to say we WOULD like to own it for $200, so we can sell 5 2023 $200 puts for $33 (perhaps $30 if we open higher, so call it a $15,000 credit) and then we can buy 15 of the 2023 $250 ($70)/300 ($50) bull call spreads for net $20 ($30,000) in our Long-Term Portfolio (LTP) and that’s net $15,000 on the $75,000 spread so there’s $60,000 (400%) of upside potential at $300 and, as our Members know, we can look forward to selling short calls like (but NOT YET) 5 March $290s
Provided courtesy of Phil’s Stock World.
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