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evolvedtrader.com
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mark@evolvedtrader.com
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Tue, Aug 16, 2022 08:00 PM
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Is today the blow-off top? 08/16/2022 My thoughts on BBBY … the biggest short squeeze on the pl
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Is today the blow-off top? 08/16/2022 My thoughts on BBBY ⦠the biggest short squeeze on the planet Hey, On Friday, I briefly discussed the insane short squeeze happening in shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY). Since then, this stock has taken on a life of its own, surging from a close of $13 on Friday to as high as $28.60 at the time of writing. To put this in perspective, BBBY has been up as much as 73% today alone. If you had bought 8/19/2022 $6 calls at the beginning of the month for around $0.35 (when the stock was trading for just under $6), you couldâve sold them today for over $20.00! Thatâs a potential gain of over 5,600% on $6 calls in three weeks. In the same period, the stock gained 376%. The move in the shares is nothing to sneeze at, but the call options have outpaced that move exponentially. This is a textbook example of the incredible power of options trading. Now, most traders look at this meme stock mania and think if they missed the entry on the upside theyâre too late. But Iâm the opposite. When stocks start to peak near euphoric highs, thatâs when I start paying very close attention. I start to consider loading up on put contracts. I root for meme stocks, like BBBY, to go as high as possible. The higher they go, the further they have to drop when the inevitable reversal occurs. And I think the reversal might happen very soon. So, today Iâd like to go into further detail on this crazy move and tell you about my potential plans for trading puts on BBBY⦠Click below to keep reading⦠[>>Click Here To Read My Thoughts On BBBY<<]( Keep evolving, Mark Croock Editor, Evolved Trader Daily P.S. When stocks like BBBY start ripping higher, I get excited. Not because Iâm bullish, but because I believe it will create an incredible opportunity to short. However, shorting stocks is dangerous. Thatâs why I prefer to use put options. If youâd like to learn how I get down with options, then [click here to get a copy of my brand new eBook](. sponsored [REPLAY STREAMING NOW:]( Sykes 46-Day Account Accelerator]( [>> Click here to stream OR press play below <<]( sponsored [Why Elon Musk is Probably Laughing Right Now]( These days it seems like everybody wants to take their shot at Elon Musk. And yet â Tim Bohen thinks heâs gotta be laughing his ass off right now. Why? [Because of what heâs predicting could happen on or around October 21st.]( Youâll see what he means when you watch this video. [Go here to watch this now before itâs too late.]( [Alternate text] 66 West Flagler Street STE 900 Miami, Florida 33130 United States [Click Here To Unsubscribe]( All content in this newsletter is intended for educational and informational purposes only. The material in this newsletter is not to be construed as (i) a recommendation to buy or sell stocks, (ii) investment advice, or (iii) a representation that the investments being discussed are suitable or appropriate for any person. No representation is being made that following Evolved Trader Daily strategies will guarantee a particular outcome or result in profits. The price and value of stocks may fluctuate depending upon various market factors, and, as such, the strategies used by Evolved Trader Daily to adjust for those fluctuations may change without notice. There are significant risks associated with trading stocks and you must be aware of those risks, and willing to accept them, in order to invest in these markets. Past performance of any trading system or methodology is not indicative of future results. You should always conduct your own analysis before making investments. You should not trade with money you cannot afford to lose and there is a risk that trading stocks will result in a complete loss of your investment. Trading stocks, particularly penny stocks, is not suitable for everyone and requires hard work, due diligence, capital, and substantial time to monitor the market and timely execute trades.
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