What an amazing week!
I'm thrilled to take you on a deep dive into the past week at OptionPundit. If you've ever been curious about the inner workings of a dynamic investment community, this post will provide a comprehensive look. In this article, hidden is a potential trade idea. So, read carefully!
The Rollercoaster Ride of VinFast Auto Ltd. (VFS)
The stock market is often likened to a wild beast, unpredictable and full of surprises. VinFast's recent IPO on the New York Stock Exchange was a prime example. After its initial crash, the stock made a jaw-dropping 700% rally in just ten days, moving from $11.61 to a staggering $93. While many were caught up in the euphoria, we at OptionPundit took a step back, analyzing the situation especially due to sky high implied volatilities and the short squeeze driven by low float.
Recognizing the signs of a short squeeze, I promptly alerted our advance traders' community. Leveraging the situation, we crafted a unique Iron Condor structure, distinct from the norm. This strategy wasn't without its challenges, but the end result was a significant profit, showcasing the importance of experience and foresight in trading. Here is +US$6932 profit for Sky, a student in our "Trading condors as Business" education program.
Not only that this trade provided great profits, it also offered a unique learning opportunity for the students.
Earnings, Earnings, Earnings!
'Money Monday' is always a highlight, and this week was no exception. I spotlighted several companies on the brink of announcing their earnings. Salesforce (CRM), Broadcom (AVGO), and Dollar General (DG) were the names that stood out.
Our strategic decision to trade on Salesforce (CRM) using a specialized Condor bore fruit, resulting in a 238% return in a mere 24 hours! The trade was also shared on our public telegram channel.
Our choice to sidestep Dollar General and Broadcom was deliberate, especially noting Broadcom's significant run prior to its earnings announcement. It's a testament to our belief in informed decision-making.
In fact, our 222 strategy for trading corporate earnings would have resulted into significant profits had we trade that on CrowdStrike (CRWD). But for this week I chose to trade only salesforce (CRM).
The Apple of Our Eye
Apple (AAPL), a titan in the tech industry, was another focal point. Following its post-earnings dip, I had highlighted its potential a few weeks back. Our strategy was simple yet effective: buy the dip. By Friday, the results spoke for themselves. A six-figure trade that reaffirmed our belief in strategic patience and timing.
To all community members who followed this trade, congratulations for taking action.
Unraveling the Mystique of Condors
To the uninitiated, Condors, especially Iron Condors, might seem like just another trading strategy. But their true potential is vast. Beyond the traditional approach, they can be adapted into various strategies, from the intricate butterflies to the nuanced back spreads. Our recent 'throwaway trade' on NQ stands as a testament. A mere 30-minute window yielded returns of over 100%.
It's a shining example of how deep understanding and timely application can lead to impressive outcomes.
The Heartbeat of Our Community
The pulse of OptionPundit is its vibrant community. Last week alone saw an exchange of over 400 messages among members. From discussions on options to stock strategies and our elite inner circle mastermind sessions, the engagement levels were through the roof. It's heartening to witness members actively learning, sharing, and growing together. This collaborative approach, where members dissect trades, learn from each other's experiences, and collectively celebrate successes, is what sets OptionPundit apart.
The Grand Launch: The Options Masterclass
Last week marked the debut of our Options Masterclass, a culmination of extensive planning and expertise. Designed specifically for beginners, this class is a gateway to the intricate world of options and stock trading. With a plethora of bonuses, rich educational content, and insights into my top three strategies, it promises to be an enlightening experience for novices.
If you or someone you know is looking to step into this realm, this masterclass is the perfect launchpad. Learn more about the Options Masterclass.
Oh by the way, did you find a potential trade idea yet? if not, you were not paying attention =) Check the Unraveling the Mystique of Condors section once again and look at the screenshot attached.
Have thoughts, suggestions, or burning questions? I'm all ears. Drop a comment below, and let's keep the conversation going.