Part 1: Trading Options 101
Welcome to Rude Awakening for Monday, December 28, 2020.
I hope you had a great holiday, for anyone celebrating Christmas. And I hope you’re looking forward to the New Year as much as I am…
For this week, I will be sharing some unique videos for you, different from what we normally send out every day.
After the survey I sent out last week, I learned a lot about where you all are in your investment and trading journeys. So, I wanted to put together some primer videos to teach you the basics so you will be able to take the most advantage of my daily market insights and our watchlists.
Today’s video will teach you everything you need to know about options.
Click here to watch.
We will be sending out more of these this week, but to continue to check back for updates, you can click here to see my YouTube page, where I will also be posting these videos.
Now, for a quick update on today’s market action…
Relief Bill Signed, Stocks Rise
This morning, stocks opened higher after President Donald Trump signed off on Congress’s relief package after a multi-day delay.
The Dow is up 1% (about 301 points), the S&P 500 is up 0.89% (about 32 points) and the Nasdaq is up about 0.43% as I write. Each of the three major indices hit record intraday highs.
And, to check in on some of our bullish watchlist picks…
We added Blink Charging Co. (BLNK) to our bullish watchlist last week on December 23rd when it was trading around the $47 level. Now, it’s up around $53 — a nearly 13% rise in just 5 days.
Another one in the EV space, we added Tata Motors Limited (TTM) on December 21st when it was around the $11 level. Now it’s up around $12.50, a nearly 14% move in just one week.
There was also AutoZone, Inc. (AZO) from a few weeks ago, when it was trading around $1,095. Now it’s up to $1,210, for over 10% gains.
We still see upside in these stocks, and the best way to play them might be through options!
Make sure to watch today’s Options 101 video to find out all about how to use them for gains…
Have a great trading day, folks.
We’ll talk soon.
Editor, Rude Awakening