Position Updates & Watchlist into This Afternoon!

AAPL, FB, SNAP, CLDR, IDEX & all trades from this week! [Click to view in browser](. Jun 26th 2020 Happy Friday! What a morning. About a 2% drop in markets and [PCG]( was actually halted through the first hour of trading. And as I touched on the other day, there’s no reason to shy away from red markets! Fat cats on Wall Street always seem to be making precise moves before the moves even happen - it’s improbable that their income looks the way it does by a mere coincidence. Actually, I can thank them for tipping me off on AAPL puts this morning, which very quickly became my most profitable day trade (about $9,000 in total) of this entire month. It’s improbable that money would have been made in under 60 minutes in green markets! Position Updates: Sold to close 30 IDEX July 17 2.5 Puts at $1.20. Just shy of +100% or $1,350 overnight. Nice trade. Sold to close 50 CLDR July 17 13.5 Calls at $1.05. About +71% or $2,100 and change in total as it exceeded my profit target during yesterday’s trading session. Bought to open FB July 2 200 Puts at $1.30: The social media world (Facebook and Twitter both) are being hit pretty hard by put option buyers today and Facebook is down almost 7% as I’m typing with markets down significantly less than 7%. I’m definitely keeping an eye on this one this afternoon. If it breaks 50 sma support (red line below), just off the chart it could see the $210 area or lower, especially if markets remain red and Facebook gets hit with bad news. Watchlist: PCG July 10 9.50 Calls: This one was halted for the first hour (which made it difficult to move on!) and is currently trading below $9.50/share [which I touch on this morning.]( If it can trade above $9.50/share, then I’ll be interested and consider taking a starter position for a probable swing trade. If not, I can simply revisit next week. SNAP July 17 22 Puts: Extended stock pulling back + red markets + $1.9M in put options purchased on this one so far + a social media name (similar to Facebook). That’s the formula here. I’ll consider a light position for a possible swing trade if it can continue trading below $24.48 resistance. Despite this week’s choppy price action, I’m up five-figures again, for the second week in a row. You can take a look at all of the week’s financial professional data in a trader’s context from yours truly by [clicking this link.]( I have you have a fantastic weekend, [Davis Martin]( America’s #1 Options Trader [@DavisMartin88]( [@DavisMartin88]( Disclaimer: This is not investment advice. This newsletter is for information purposes only and opinion-based on financial advisor data across a selection of websites. Investors should be cautious about any and all investments and are advised to conduct their own due diligence prior to making any investment decisions. Copyright 2020, InvestingChannel, All Rights Reserved | [Privacy Policy](//investingchannel.com/policy) [InvestingChannel, Inc.]( P.O. Box 118 New York, NY 10018. To unsubscribe, [click here]( [Link](