Subscribers to Schaeffer's Weekend Trader options recommendation service received this xx commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.
Trading platform Robinhood Markets (HOOD) is experiencing a breakout/pullback pattern, with added support from the 50- and 80-day moving averages. There was a doji candle on Thursday that could indicate the stock’s latest pullback is now over, as well as added momentum from the shares doubling off their March lows before the drop.
Short interest has risen 20% since its March lows and now accounts for 5% of its total available float. The stock may have found put support as its low last week was the first strike below where put OI exceeded call OI. Also, the delta crush at the call-heavy 120-strike could mean a relief of selling pressure from a position that has been unwound.”
Our recommended December call has a leverage ratio of 4.8 and will double in value with a 21.3% move in the underlying equity.
Hello there!
Two trades just hit +300% profit targets — in only three trading days.
✔ SPY October 16 $779 Puts: +300%
✔ PENG October 16 $75 Puts: +300%
Our analysts sent this week's Expiration Week Countdown recommendations on Sunday, October 11.
Today, both trades hit their profit targets.
Two triple-digit winners. Three trading days.
Rather than worrying about where the market will be months from now, we focus on finding potential opportunities in the moves happening right now.
That's exactly what Expiration Week Countdown is designed to do.
With this service, you'll receive:
6 trades the Sunday before expiration Friday, all expiring in less than 5 days
Straight purchases of calls and puts
Target gains of 100% to 200% per trade
Each trade comes with specific entry and exit instructions, so you'll know exactly what profit target we're aiming for and when that target has been hit.
And as today's SPY and PENG trades demonstrate, some opportunities can go even further.
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