Today's trade is in a name that recently broke a 52-week high, yet on a longer term horizon appears to be climbing the right side of a much larger base.
I don't think the energy and oil services bull market is over. I think there's much further to run. So I'm going to take today's buying opportunity to get positioned for a run into the end of the year.
I had the opportunity to appear with Spencer Israel this morning on a special episode of Stock Market TV to discuss his Golden Dome theme of investments. He was asking for some more shorter-term options ideas on the names he's interested in...
I really enjoy trains. When I lived in Chicago, I rode the elevated train ("The EL") nearly every day. I would often head downtown to the Metra train terminals and take those longer commuter trains out to the farthest reaches of the Chicagoland region...
Today's trade is in a name that once treated me very well. Since then, it built a solid base. It recently had a fake breakout, but has since retraced back to the highs. That feels very bullish to me.
We're taking advantage of today's pullback to get attractively positioned in a stock that recently printed a fresh All-time high and is now giving us a second chance to get in.
I'm looking to collect some premium in a delta-neutral position. Where better to look than in the software sector, where implied volatilities remain elevated and the bounce may soon run out of steam?