New Money Link Trade Alert:
** I'VE UPDATED THE LIMIT PRICE ON IWM 1/15/21 PUTS SINCE THE ORIGINAL ALERT WENT OUT. SEE BELOW FOR UPDATE. **
Hey guys,
I have a new swing trade for you this morning!
Here's what we're doing...
BUY QQQ AT $295 OR LOWER.
SELL SHORT IWM AT $177 OR LOWER.
BUY QQQ 1/15/21 $292 CALLS AT $11 OR LOWER.
BUY IWM 1/15/21 $179 PUTS AT $6.50 $7.70 OR LOWER.
Since the first news on Pfizer’s vaccine breakthrough, we’ve seen the IWM trounce the QQQ in performance. And here we are, this third Monday in a row, with the same sort of positive Covid news boosting futures. Just as I’d hoped by not trading last Friday, we have an opportunity to enter this trade at optimal levels. I expect the small-cap universe to face an increasingly tough mainstreet U.S. economy even after the vaccine is introduced.
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.
LFG!
Jeff Zananiri
Joy of the Trade