Adding Some Cheddar to Your Turkey

Dear New Money Club Member,

Stocks were in a buying frenzy the last few weeks but stalled this week. The vaccine news is wearing off, and now stocks seem like they want to roll over.

Even though stocks cooled off, that didn’t stop us from locking in another triple-digit gain ... overnight!

It’s been a great month for us, adding winners left and right. We’re working up a solid win streak.

But with Thanksgiving next week, markets will likely slow down a bit. We’ll keep following the money, though.

Now, the CBOE Volatility Index (VIX), aka the “fear” index, is still above our key 15 levels, trading at 23.

So, we’ll continue to be nimble and lock in big, fast gains.

With that, let’s take a look at our model portfolio and the moves we made this week…

Portfolio Update

On Monday, we issued alerts to:

Sell to Close Murphy Oil Corp. (NYSE: MUR) Dec. 18, 2020, $10 calls (MUR201218C00010000) at the market.

Buy to Open Vale SA (NYSE: VALE) Nov. 27, 2020, $12 calls (VALE201127C00012000) up to $0.25 per contract or better, for the day.

And on Tuesday, we were able to grab that big, overnight gain after sending an alert to:

Sell to Close Vale SA (NYSE: VALE) Nov. 27, 2020, $12 calls (VALE201127C00012000) at the market.

That means right now, we’re holding:

  • Hostess Brands Inc. (Nasdaq: TWNK) Dec. 18, 2020, $15 calls (TWNK201218C00015000).
  • Sandstorm Gold Ltd. (NYSE: SAND) Jan. 15, 2021, $10 calls (SAND210115C00010000).

Now we wait and let the market come to us. Patience and persistence are key, and I’ll be keeping you updated every step of the way.

After-Action Report

Vale SA (NYSE: VALE) Nov. 27, 2020, $12 calls (VALE201127C00012000)

Date: Nov. 16, 2020

Reason: Our system triggered a bullish signal after a $2.9 million New Money bet. This activity was a 604% surge in calls purchased, which would only profit if shares jumped higher.

Outcome: 225% gain.

Notes: We executed this perfectly by being patient and letting the market come to us. We took our gains on this position into strength and locked in some huge overnight gains. This is what I mean when I say greed is good, but we weren’t foolish. Enjoy the win, and go enjoy the profits this weekend!

That wraps it up for me this week, but I’m looking forward to answering your most pressing questions this upcoming Wednesday. If you want yours included, send it over to questions@newmoneycrew.com.

Have a great weekend, and I’ll have a new trade for you on Monday.

To your wealth, freedom and options!

Joshua M. Belanger

New Money Club