Stock. Gains. Won't. Quit!

Dear New Money Club Member,

The market continues to bubble higher.

The S&P 500 will close the week at all-time highs … again.

Most think this money train is about to crash. But there’s still more monster momentum in play for stocks, and there doesn’t seem to be an end in sight.

Precious metals have been soaring, too, which allowed us to put winning trade on the board.

Note: We do have an options position that expires today. There’s nothing you need to do, but I will address it below.

Now … the fear gauge for the S&P 500, known as the CBOE Market Volatility Index (VIX), is holding at 23. This is a point higher than last week, but keep in mind the S&P 500 is also higher.

Volatility sits at the lower end of that March peak, but it’s elevated compared to exact price levels in the S&P 500 before the corona crash. So, that means markets will continue to whip around.

Next week is the unofficial end of “summer” trading as we head into Labor Day weekend. We usually see slower trading during this week as we gear up for more wild market action.

But there will be plenty of fast profit opportunities coming our way, so be prepared.

That’s my promise to you: to navigate you through any market, easily and profitably.

Portfolio Update:

One of our positions, which fell short of our profit target, expires today:

  • Snap Inc. (NYSE: SNAP) Aug. 28, 2020, $23.50 calls (SNAP200828C00023500).

Unfortunately, we don’t have more time for this position to play out.

There’s nothing that you need to do, and SNAP will be removed from your account by Monday morning.

Sure, taking losses is never fun and can be painful, which is why position size is so important.

But remember…

Our limited risk options allow us to trade profit opportunities with greater flexibility — and for much higher potential gains than buying stocks outright.

We’ll have a brand-new batch of trades coming in a few weeks for another shot at quick profits. (So, stay tuned!)

On Monday, we added our newest position:

  •     Buy to open ANGI Homeservices Inc. (Nasdaq: ANGI) Sept. 18, 2020, $15 calls (ANGI200918C00015000) up to $0.90 per contract or better, for the day.

Earlier today, I sent out a flash sell alert:

  •     Sell to close Cameco Corp. (NYSE: CCJ) Sept. 18, 2020, $12 calls (CCJ200918C00012000) at the market.

Right now, our open positions are:

  • Nordic Amer Tankers (NYSE: NAT) Oct. 16, 2020, $5 calls (NAT201016C00005000).
  • ANGI Homeservices Inc. (Nasdaq: ANGI) Sept. 18, 2020, $15 calls (ANGI200918C00015000).

Now we wait and let the market come to us.

If ANGI doesn’t soar early next week, we’ll cut this going into a long weekend.

And of course, I’ll be keeping you updated every step of the way.

After-Action Report:

  • Cameco Corp. (NYSE: CCJ) Sept. 18, 2020, $12 calls.

Date: Aug. 3, 2020

Reason: Our system triggered a buy signal after an $11 million bet was placed wagering those prices would only profit if shares soared higher by the September 18 expiration.

Outcome: 5% gain.

Notes: You executed this perfectly. We exited the position into strength as we sold. Unfortunately, this took too much time to play out, which decayed at our premium paid. If the move occurred a few weeks ago, this would’ve been a double-digit gain. Putting wins on the board is what’s important; the profits will follow.

  • Snap Inc. (NYSE: SNAP) Aug. 28, 2020, $23.50 calls.

Date: Aug. 10, 2020

Reason: Our system triggered a buy signal after a $6.5 million bet was placed that would only profit if shares soared above $23.50 by August 28.

Outcome: Expired worthless.

Notes: We’ve profited from activity in this name before, but it didn’t play out as we anticipated. It’s frustrating to see prices drift while waiting for that big spike higher. And shares finally did spike higher the last two days, but we didn’t have enough time. I plan on tweaking our approach and not letting options over $0.75 expire worthless.

All in all, the slow grind in August hasn’t been favorable, but we’ll get back to our winning ways.

I’m looking forward to answering your most pressing questions this upcoming Wednesday. So, if you want yours included, send it over now to questions@newmoneycrew.com.

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

As always, you can track our portfolio here.

To your wealth, freedom and options!

Joshua Belanger
New Money Club

P.S. If you're new to the New Money Club or have any questions about how to allocate positions or how to execute trades, make sure to watch this video.