Weekly Options Results for the Week
Beginning November 09, 2020


Quick Profits by Picking the Right Time!

Obtaining the Weekly Options Results.....

The Weekly Recommendations were sent to Members before trading started on Tuesday, November 10, 2020. As the market was in a decline at the start of the day it was advisable to wait and try to pick the bottom before executing the trade.

Taking the bottom reached and then selling at an appropriate top was the main objective to gain the maximum potential profit. Obviously this is quite difficult but even 50% attained was quite excellent for a few hours of trading.

The Recommendations and Profits…..

1. Buy CGC NOV 13 2020 25.000 CALLS

Time bought 9.34am for a cost of $0.22 – Sold at 11.04am for $0.82 - profit of 273%

2. RKT NOV 13 2020 22.000 CALLS

Time bought 1.04pm for a cost of $1.01 – Sold at 3.35pm for $1.85 - profit of 83%

3. PFE NOV 13 2020 40.000 CALLS

Time bought 10.44am for a cost of $0.17 – Sold at 10.55pm for $0.31 - profit of 82%

Total Potential Profit is 438%

Due to the volatility experienced in the stock market at the moment, taking profits early, and not waiting until expiry, is advisable!

The Catalyst for the Trades.....

1. Weekly Options Trade – Canopy Growth Corp (NYSE: CGC) Calls

Canadian pot producer Canopy Growth Corp (NYSE: CGC) reported earnings Monday, before the market opened, posting a narrower-than-expected fiscal second-quarter loss and revenue that topped forecasts.

On top of this report Cannabis stocks are enjoyed a third consecutive day of big gains amid expectations that Joe Biden will lead a reform effort that will spark investment in the sector. "While Tuesday night's election did not clearly show who America thinks should lead the nation, it did make clear that we are united on replacing our country's archaic cannabis laws," said the Cannabis Consumer Policy Council. Marijuana would be decriminalized at a federal level in the United States under a Biden administration, but efforts toward full legalization may also not be off the table.

These catalysts should continue to push the stock price upwards.

2. Weekly Options Trade – Rocket Companies Inc (NYSE: RKT) Calls

The Detroit-based mortgage lender Rocket Companies Inc (NYSE: RKT) will report earnings after the market closes today, Tuesday, November 10, 2020. The consensus earnings estimate is $1.03 per share on revenue of $4.34 billion; but the Whisper number is higher at $1.13 per share.

Rocket Companies is a “very well-run company.

Rocket Companies is a much better lender than traditional lenders in terms of defaults.

Other catalysts for the stock are low interest rates, an exodus of people moving from the city to the suburbs and a Joe Biden win in the presidential race.

There’s going to be a wave of immigration.

3. Weekly Options Trade – Pfizer Inc. (NYSE:PFE) Calls

Pfizer Inc. (NYSE:PFE) vaccine trial success signals a breakthrough in the pandemic battle. Pfizer's experimental COVID-19 vaccine is more than 90% effective based on initial trial results, the drugmaker said on Monday, a major victory in the war against a virus that has killed over a million people and battered the world's economy.

An interim analysis of a phase 3 study of tens of thousands of volunteers showed their COVID-19 vaccine candidate was more than 90% effective in participants who were not previously infected with the virus. As a result, PFE shares were up 13.4% Monday morning. The stock closed the day up 7.69%. Expect this to continue to climb during the week.

If you wish to read the complete details about the recommendations CLICK HERE.

Summary of Weekly Options Results......

So combining the total potential profits for these three trades, it comes to 438% for a few hours’ work. Even half of this comes to 219%.

Therefore…..

To be part of this profit making, join us here at Weekly Options USA, and get the full details on the next trade.


Join us today and find out!

While there are many more areas that can help to explain option trading, this is a basic overview of what stock options are, and where and how they started.

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