A Few Trades

A Few Trades

The stock market continues to set up for a sharp ending to 2016.

I remain open for either conclusion, but will not trade for it.  Instead I'm entering small directional trades on stocks that I think will move regardless of what the overall market does.

Trade #1

$WYNN $103  weekly calls for $.79.

I am trading for $WYNN to touch the upside of it's current channel at $110 and continue to trade for that type of move.

Trade #2

I entered some $GPRO calls a few weeks ago and watched them promptly drop 70% in value and then end the week up over 700%.

GPRO is currently around the $15 level and down over 4% today.  The $16 calls at $.08-$.10 are what I am trading for a high risk/reward on a move higher this week.

With a $.10 option I keep my cost low, but also have the opportunity for a significant percentage gain on a sharp move to the upside.



Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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