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
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
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
Nutanix Inc. (NASDAQ:NTNX) NOV 27 2020 27.000
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.
Profit is 75%
Due to the volatility experienced in the stock
market at the moment, taking profits early, and not waiting until expiry, is