This Is How A Pro Would Trade This Stock

Here's a smart way to exploit this move͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ Markets continue to show strength on the whole but are consolidating and rotating as we await fundamental inputs. Markets continue to show strength on the whole but are consolidating and rotating as we await fundamental inputs. Earnings as well as non-farms payrolls and the US election are in focus for the markets, and are driving the bus, and as those unknowns become knowns, we will see if a new high for the market is in store. Let’s review the tech market via the ETF QQQ given the big tech earnings coming this week: Tech is pressing all-time highs as we prepare for earnings. If AAPL earnings come out strong tomorrow afternoon, that could be the trigger for further explosive growth within the broad market, particularly tech. [Looking for the best trades most traders overlook? click here for the top Outliers.]( But for me, I’m looking for names that can remove that fundamental input of earnings from the near-term trade. Financials have broadly traded through their earnings updates and continue to look strong, while a handful of names have looked particularly weak (such as CROX on earnings yesterday). A key focus could certainly be to find stocks that have digested their earnings and are not finding major pullbacks or risk-reduction by the bullish investors. One such name that caught my attention is Las Vegas Sands (LVS): LVS announced earnings last Wednesday after the market close and had a mildly bullish response. It also ran up more than 20% through the market rally out of China. And now, it’s pressing against the highs of the last 6 months, showing signs of investment flows are still coming in. Add to that the implied volatility is dropping now that earnings are behind us: *From LiveVol Pro With a strong technical setup ad implied volatility lower, this could be an interesting opportunity for a call debit spread, which would profit ideally on a continued bull trend for the stock with implied volatility drifting lower to get in line with historical realized volatility. That’s the great thing about options – if I can find a good technical and options setup, I can leverage it with options and generate a significant return utilizing a combination of multiple market edges. If casino stocks continue to get market inflows, I don’t need LVS to spike like it did in September to generate a significant return. This trade is setup such that I’d prefer to see the stock to continue to grind higher and compound the returns of a trend, but a spike certainly wouldn’t hurt! If you’d like to get a list of more ideas and setups just like this that could be of interest for trading opportunities, check out my Outlier Watch List. And as always, please go to []( to review how I traditionally apply technical signals, volatility analysis, and probability analysis to my options trades. And if you have any questions, never hesitate to reach out. Keith Harwood Keith@optionhotline.com --------------------------------------------------------------- See Related Articles on [TradewinsDaily.com]( [This Is How A Pro Would Trade This Stock]( [This Strong Move Is A Great Opportunity]( [Lots to Love about AppLovin’s Trend]( [Two Top Ways to Trade the 2024 Tax Season]( [Covered LEAPS]( --------------------------------------------------------------- [TradeWins Logo]( © 2024 Tradewins Publishing. All rights reserved. | [Privacy Policy]( | [Terms and Conditions]( | [Contact Us]( Auto-trading, or any broker or advisor-directed type of trading, is not supported or endorsed by TradeWins. For additional information on auto-trading, you may visit the SEC's website: All About Auto-Trading, TradeWins does not recommend or refer subscribers to broker-dealers. You should perform your own due diligence with respect to satisfactory broker-dealers and whether to open a brokerage account. 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