New Money Link Trade Alert:

If you're new to Money Link or have any questions about how to allocate stock positions vs. options or how to execute Money Link trades, watch this video first.

Hey guys!

We’re closing a trade and I’ve got a new Money Link for you today!

They are valid as long as both sides of the Money Link are executed under the limit prices.

It’s important to execute both sides of the link at the same time and to respect the limit levels mentioned above -- never chase a trade!

Exit previous Core Portfolio Trade:

COVER SELL STNG at $12.65 or HIGHER.

COVER BUY PBR at $8.20 or LOWER.

The options have already expired.

The new Core Portfolio trade:

BUY LONG DKNG at $36.00 or LOWER.

SELL SHORT  LVS at $41.50 or HIGHER.

Here’s the options play:

BUY DKNG 8/21/20 $30 CALLS at $10.50 or LOWER.

BUY LVS 8/21/20 $45 PUTS at $6.00 or LOWER.

I’ve had my eye on this Money Link for a while. This is a pure link where one company is directly taking another one's business. Draft Kings represents gaming in the post COVID era. Las Vegas Sands is the biggest brick and mortar casino company in the world.

Draft Kings focuses on sports gaming and is a whopping 30% of the New Jersey online Sportsbook total volume! You’ll see many other huge states legalize sports gaming as the desperate need for tax revenue grows.

As bullish as I am on DKNG, I’m equally bearish on LVS. They are hugely dependent on Chinese casino revenues (80%). A they were already getting killed on the slowdown in the Chinese economy before COVID even began.

This is a Covid-19 stay at home Money Link with a collapse of China kicker play.

This Money Link is already exploding I just needed a slight pull back to pull the trigger and I just got it as you can see the chart below:

I’ll be in touch soon,

It’s important to execute both sides of the link at the same time and to respect the limit levels mentioned above -- never chase a trade.

As always, you can track our open positions here.

LFG!

Jeff Zananiri
Joy of the Trade

P.S. Don't forget to sign up for SMS Text Alerts if you haven't already. It is on the right-hand side of the members' area.