Dear New Money Club Member,
Stocks are rallying from yesterday’s shakeout, and our newest buy alert is looking to break out to new 52-week highs in the coming days.
That said, we’re going to play this stock differently today. Typically, we use a single option, but today we’re going to use a vertical spread.
Specifically, here's what we're doing…
Action to Take:
Buy to Open the Dana Inc. (NYSE: DAN) Feb. 19, 2021, $21/$23 call vertical up to $0.70 per contract or better, for the day.
To create this spread:
Buy to open the Feb. 19, 2021, $21 call (DAN210219C00021000).
AND
Sell to open the Feb. 19, 2021, $23 call (DAN210219C00023000).
Or, you can call your broker and say, "I want to Buy to Open the Dana Inc. (NYSE: DAN) Feb. 19, 2021, $21/$23 call vertical up to $0.70 per contract or better, for the day."
This new bullish signal triggered after a $20 million New Money bet, which is a 4,500% surge in new call options purchased.
If shares of DAN soar higher in the coming days, our call spread would quickly increase into a double- or triple-digit gain!
Now, I’m looking forward to closing out profits from this quickly. And, as always, I’ll be keeping you updated every step of the way.
To your wealth, freedom and options!
Joshua M. Belanger