Flash Buy: Here’s Your First New Trade for August

Dear New Money Club Trader,

The market is trading higher and I continue to see more bullish than bearish positioning. This leads us to our newest buy alert that’s been triggered.

Here's what we're doing:

Buy-To-Open the Cameco Corp. (NYSE:CCJ) Sept. 18, 2020, $12 call (CCJ200918C00012000) up to $0.35 per contract or better, for the day.

This new bullish signal triggered because $11 million in “bets” were just placed. If shares of Cameco Corp. (NYSE:CCJ) soar higher in the coming days, our call would quickly increase into a double or triple-digit gain!

ACTION TO TAKE:

In your brokerage account, locate the CCJ Sept. 18, 2020, $12 call:

The symbol is CCJ200918C00012000.

Make sure you choose the right options expiration (expiring on Sept. 18, 2020).

Choose the $12 strike price.

Select "call" options.

Select how many contracts to buy.

Once you have the right contract, click "buy to open."

Choose "limit order." (This sets the max price you'll pay per contract).

Use a limit of $0.35 per contract.

Click "Day" for TIF (Time In Force).

Then click "buy" to transmit the order.

You can also call your broker and say, "I want to Buy-To-Open CCJ Sept. 18, 2020, $12 call with a $0.35 limit or better; for the day."

Now, I’m looking forward to closing out profits from this quickly. And I’ll be keeping you updated every step of the way.

As always, you can track our portfolio here.

To your wealth, freedom, and options!