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Obtaining the Weekly Options Results.....
The Weekly Recommendations were sent to Members before trading started on Monday, November 16, 2020. As the market was volatile 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 Alibaba Group Holding Ltd (NYSE:BABA) NOV 27 2020 250.000 PUTS
Time bought 11.13am for a cost of $3.69 – Sold at 11.47am for $4.50 – quick profit of 22%.
For those that held the trade the profit climbed to 30% potential profit Wednesday.
Alibaba regained positive momentum Friday but with circumstances surrounding its stock price moving forward there is likely to be a great deal more volatility experienced before the expiry date of this options trade.
2. Buy Nutanix Inc. (NASDAQ:NTNX) NOV 27 2020 27.000 CALLS
Options trade was executed on Monday for a cost of $1.92 – Sold Friday for $2.94 – potential profit of 53%.
As with Alibaba, for those traders still holding the trade, there is still a week before expiry to gain more profits.
Total Potential Profit is 75%
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 – Alibaba Group Holding Ltd (NYSE:BABA) Puts
The Chinese e-commerce goliath Alibaba Group Holding Ltd (NYSE:BABA), an online and mobile commerce company, will find that newly drafted antitrust rules could make it tougher for the company to continue expanding its ecosystems.
Many of China's top tech stocks recently tumbled after Chinese regulators drafted new antitrust rules targeting the country's top internet companies. The proposed rules target "monopolistic practices" like price discrimination, preferential treatment for online merchants who sign exclusive agreements, and the mandatory collection of user data.
China's State Administration for Market Regulation (SAMR) will seek public feedback on the drafted rules until Nov. 30. The SAMR could then finalize the rules to rein in leading internet companies like Alibaba.
These catalysts should continue to push the stock price upwards.
2. Weekly Options Trade – Nutanix Inc. (NASDAQ:NTNX) Calls
Enterprise cloud company Nutanix Inc. (NASDAQ:NTNX) will report earnings next Monday, November 23, 2020, after the market closes. Analysts expect Nutanix to post earnings of ($0.95) per share for the quarter. Analysts also forecast that Nutanix will announce sales of $300.17 million for the current fiscal quarter.
In this case, the major catalyst is still on-going. So, if the report is expected, or is better than expected, the share price should move to our benefit.
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 two trades so far, it comes to 75%. Even half of this presents a good week’s work.
However, as already noted, there is still time to gain more profits before the options trades expire.
To be part of this profit making, join us here at Weekly Options USA, and get the full details on the next trade.
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