[Find Out] New Trades I Initiated During This Wild Week in the Stock Market

Today’s featured article reveals the “New Trades I Initiated During This Wild Week in the Stock Market.” Read on for all the details. February 26, 2021 [Option Sensei] [[Find Out] New Trades I Initiated During This Wild Week in the Stock Market]( While I can't say that I predicted this week's wild market action, I was certainly prepared for it. And now I feel like I'm in a position to leverage fresh opportunities. Again last Tuesday, we got a whiff that [rising inflations were sending interest rates higher]( which may in turn trigger selling in stocks, especially the high-growth tech names whose valuations were able to float unanchored by pedestrian metrics such as price to earnings, or even price to sales. [I said I'd be patient]( and now with Nasdaq Invesco Powershares 100 ([QQQ]( and the SPDR 500 ([SPY)]( down 8.5% and 4.7% respectively, over the past week, I'm starting to nibble at some names to add upside exposure. It's interesting that even as the bluest of chip names such as Apple [(AAPL]( and Microsoft ([MSFT]( have declined over 15% each, we've seen a resurgence in the Reddit/WallstreetBets names such as Gamestop ([GME]( Koss ([KOSS]( +{EMAIL})) and Nokia ([NOK]( as GME shares tripled within a few hours on no apparent news beyond an ice cream cone emoji. I don't play in that sandbox. But, it’s fun to watch the insanity. One speculative area my Options360 Service dipped a toe in was the electric vehicle sector through a bullish position in Electra Meccanica ([SOLO]( — initiated some seven weeks ago. Thankfully, in the ensuing weeks, it took several rolls to reduce the cost basis from an initial $650 debit to less than a $1.00 cost basis. Still, while our risk is minimal, the drop in SOLO's price this week from $8.50 to below $6 per share has been a bummer. [Learn about the Trading Service That's Gained an Average Return of 64% from 2015 to 2020 — the Options360]( But, not as bad, people that piled into Churchill ([CCIV]( in anticipation of the SPAC consummating a deal for Lucid Motors. CCIV shares had ramped above $60 or a near $80 billion valuation, ahead of the official announcement. However, once the details were released, shares plummeted below $30. This cast a pall over the over-exuberant EV startup space. The Options360 Service made another adjustment in SOLO, bringing the total cost below $100 with three weeks remaining for the stock to catch a renewed bid. [Lock in your Options360 Service trial for the discounted rate of $19 — before it's too late!]( SOLO is just another example of how managing positions, especially with an eye on reducing cost basis or risk, can keep you in the game and allow you to take advantage of a turn in price action. We discussed how a Facebook ([FB]( trade went from bad to glad simply by making an adjustment and then being patient knowing the risk/reward was well defined. Similarly, as I peck away at new additions this week, whether it be a bullish diagonal in Mosaic ([MOS]( or an iron condor in Visa ([V]( I'm making sure my risk is well within my comfort zone and I'm maintaining the flexibility to make adjustments through time and price. A couple of new names I'm gaining some bullish exposure through bull put spreads include Advanced Micro Devices ([AMD]( and FuelCell ([FCEL](. It looks like both have pulled back to support and now offer an attractive risk/reward entry point. [Keep up with all my Options360 Service trades by taking advantage of this special offer of just $19 per month!]( SPONSOR [Anxious Dog Owners are Fueling an $89 Billion Market]( Growth in one new sector is off the charts, thanks to nervous, overbearing dog owners. [See why this peculiar group is sparking the biggest trading opportunity of the year.]( Copyright © 2021 Mesh Publishing | All rights reserved. 146 W 29th St, Rm 8E, NY, NY 10001 [Contact]( / [Terms & Conditions]( [Click here to unsubscribe](