This Is A Crystal Clear Pattern With Big Upside
The Commodity Channel Index (CCI) reveals big reversals as they are about to happen. To get more info on the CCI, click here. On this chart you can see the pattern shaping up:
This latest move is above the zero-line indicating a BULLISH move. We want CCI on C OIN to go UP to create a fin shape. We also want the price to go UP to at least $210 before entering a trade. The first target would be $215 and then HIGHER.
The next step is to consider what you can do with this information. Let’s take a look at how an option trade could provide a big win.
To buy stock shares of COIN today, price would be approximately $209.16. If price moved to 215 you would make about $5.84 per share.
That said, option trading offers the potential of a smaller initial investment and higher percentage gain even when price is expected to rise or fall. Let’s take a look.
If you bought one CALL option contract covering 100 shares of COIN’s stock with a Nov 15th expiration date for the 210 strike, premium would be approximately $19.30 today, or a total of $1930 per contract. If the stock price ROSE the expected $5 the premium might increase approximately $250 to $2180 per share on your 100-share contract. This is a 13% gain over a few days.
To learn more about trading options, see the other indicators I uses to spot trades, and to get these examples before they are emailed out, be sure to visit my site here.
I love to trade, and I love to teach. It is my thing.
I wish you the very best,
Wendy
Past potential trade update:
Last week we discussed buying ABNB calls. On 10-18 the 140 call was around $5.40. You could have sold on 10-21 for $6.00, an 11% profit.
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The information provided by the newsletters, trading, training and educational products related to various markets (collectively referred to as the “Services”) is not customized or personalized to any particular risk profile or tolerance. Nor is the information published by Wendy Kirkland a customized or personalized recommendation to buy, sell, hold, or invest in particular financial products. Past performance is not necessarily indicative of future results. Trading and investing involve substantial risk and is not appropriate for everyone. The actual profit results presented here may vary with the actual profit results presented in other Wendy Kirkland publications due to the different strategies and time frames presented in other publications. Trading on margin carries a high level of risk, and may not be suitable for all investors. Other than the refund policy detailed elsewhere, Wendy Kirkland does not make any guarantee or other promise as to any results that may be obtained from using the Services. Wendy Kirkland disclaims any and all liability for any investment or trading loss sustained by a subscriber. You should trade or invest only “risk capital” – money you can afford to lose. Trading stocks and stock options involves high risk and you can lose the entire principal amount invested or more. There is no guarantee that systems, indicators, or trading signals will result in profits or that they will not produce losses.
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