As we’ve talked about all week, it was time to short EV and EV-related battery stocks.
And guess what happened Friday morning… After a pop on the open, I loaded up on puts… and they all started to crash — despite the Nasdaq being up!
This paid off big time for quick day trades Friday morning, making it one of the best trading days of the year!
I thought we’d have to hold several positions into earnings next week, but nope… This morning’s crash let me exit put positions in ENVX, QS, GM, F and RIVN…
Which brings me to a big-money trader who was an animal Friday morning, just repeatedly slamming Rivian puts. Check out today’s video for all of the action — and actionable trading info!
Video Highlights:
- 📉 EV and EV-related stocks crashed hard, leading to one of the best trading days of the year so far.
- 📉 ENVX fell over 6% on a downgrade, QS fell over 7%, and GM sank over 2.25%.
- 📉 Rivian tanked from up 4.4% to down 5.6%, a 10% swing down!
- 🚗 The EV crash arrived earlier than expected, eliminating the need to hold positions through upcoming earnings announcements.
- 💰 A trader purchased over 3,500 weekly puts for Rivian, resulting in a significant increase gains in a matter of minutes.
Friday’s Top Order Flow:
- Rivian Automotive Inc. (Nasdaq: RIVN): July $26 PUT.
- Amazon.com Inc. (Nasdaq: AMZN): July 28, $135 CALL.
- Confluent Inc. (Nasdaq: CFLT): January $65 CALL.
- And more!
Note: If no date is listed after the month, it’s the monthly expiration (third Friday).
P.S. One of the Best Ways to Limit the Impact of Market Volatility
Trading the market AND limiting your exposure volatility?
That would be a dream — and I can help make this dream come true!
Yes, you read correctly!
With my system, I found a way to achieve exactly this, and you might wonder how easy it is to adopt…
For example, look at a Friday, Jan. 14 entry…
That afternoon, we noticed the wire signal flash on Las Vegas Sands…
This was a sign that something BIG might make headlines over the weekend.
Now, under normal circumstances…
It wouldn’t have made sense to open a position in the stock.
Casino names were some of the weakest in the S&P 500 at that time. But because this way of trading is so different… market volatility rarely affects our trades!
But because the wire signal flashed, I alerted traders to open a call option position…
And sure enough, look at what news surfaced before Monday’s open.
When the market opened, LVS popped 68%.
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And the best part is nearly no one knows about this system!
If you’re wondering how this works, I have a surprise for you…
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The profits and performance shown are not typical, we make no future earnings claims, and you may lose money. From 9/17/21 through 6/12/23, the average win rate is 72.4%. The average weighted rate of return on options trades was 9.4% over a 3 day average hold time with an annualized return of 490%.
