Lottery Ticket Trade

Before I tell you about today’s Free Trade Idea I want to let everyone know this trade is not for everyone.  Please keep in mind that all Free Trade Ideas may or May NOT be traded by me and should always be evaluated by you to determine suitability.  Today’s idea is a Lottery Ticket Trade.

I used the term lottery ticket because this trade is trying to make big profit on a small move in the the stock FIT.  FIT is a volatile and very newsy stock.  Today we see nice price pattern with stock trying to recover after a long bottoming pattern.  Consider the 22 DEC 7 strike Calls trading for less than $0.25.  Remember your maximum loss is what you paid for the trade.  A $0.40 gain in the stock could produce a better than 50% gain.

Recently Closed Trades

CSCO 17% • BAC 31% • CREE 48% • WMT 245% • NFLX -40% • STX 42% • 2^nd CSCO Trade 30%

Today’s Market Prep Note

I have to admit that I was somewhat surprised that yesterdays FOMC announcement turned out to be such a non-event.  The market just yawned and saw nothing to react too.  Today is another big news day with some big after the bell earnings reports tossed in for good measure.  The Bulls are firmly in control buy at the end of the day yesterday price action suggested a little weariness and maybe a rest in the rally is possible.  With all the news the market will have a lot to chew on and potentially react so stay on your toes.  In an all bull market it’s very easy to become complacent because you can buy almost anything at anytime and the rising tide makes you money.  Guard yourself against complacency by staying focused on the only thing that really matters, Price!  The clues will be there if you watch and listen to the market.

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Investing and Trading involves significant financial risk and is not suitable for everyone. No communication from Hit and Run Candlesticks Inc. is financial or trading advice. All information is intended for Educational Purposes Only.  Terms of Service.

Doug Campbell is not a licensed financial adviser, nor does he offer trade recommendations or advice to anyone except for the trading desk of Right Way Options Inc.