04/11/2020
Happy Saturday,
For those of you who are enjoying a three-day weekend - Happy Saturday! For anyone who worked yesterday, Happy Weekend!
With quarantines still in place, this weekend is a perfect opportunity to study what markets could do for you as early as this upcoming week.
As you know, TrackStar sources its research from the most qualified financial audience data available on the Internet. These exclusive findings are categorically revealing about how financial professionals are planning to propel their sails into the wind.
Two short weeks ago, MGM Resorts International (NYSE: [MGM]() was featured in TrackStar as one of the top twenty most analyzed stocks by financial professionals all around the country.
While there hadnât been a high-probability financial upswing signal a couple weeks ago, it can really pay to keep an eye on stocks featured in TrackStar, brought to you by yours truly, because an increase of observed interest in a distinct security usually carries an overtone that is less apparent to the average trader...
As you can infer from Las Vegas closing the Strip and casino resorts such as MGM closing their doors in response to the COVID-19 pandemic has resulted in layoffs of thousands of employees in the gaming and hospitality industry.
By exhibiting patience, enhancing my research through my premium paid software, and utilizing TrackStarâs exclusive financial professional data which I provide to you on a daily basis, I prepared myself to strike quickly should MGMâs proverbial âironâ get hot.
Around noon on Wednesday, April 8th, I noticed $296,076 worth of MGM April 17 $16.50 Calls had been traded. In my opinion, I speculated that those trades had likely emanated from financial institutions, as it is very unusual for retail traders to trade dollar amounts of that size.
So, after conducting some exploration, I discovered MGMâs partners had united to propose an emergency grant fund to aid MGM employees who have been indefinitely laid off in response to COVID-19.
I looked at a chart and was immediately persuaded by its respective technical analysis. Therefore, I bought to open MGM April 17 $16.50 Calls at $0.68 in response to the $296,076 purchase I witnessed only seconds beforehand.
The very next day, minutes before the opening bell, news was released that MGM did indeed put together an $11 Million grant fund to assist its furloughed employees.
While the stock rose a measly 1%, I sold to close my MGM April 17 $16.50 Calls for a 241% return on investment - mere seconds after the opening bell rang.
I contend that TrackStarâs exclusive financial data revealed the existence of a looming opportunity with this stock several weeks before more pronounced indicators materialized. Doubters might say it was pure luck, but I would warn that those claims sound a little tone-deaf.
There are always precursors to events that are later determined to be bellwethers, but unfortunately these signals are not identified until after the event has transpired. If you can try to tap into these - you can be rewarded with tremendous success. I observed that Wall Street put north of a quarter million dollars down on an inapparent bullish financial position, and then by leveraging my paid research software to reaffirm the sound reasoning of my trading strategy, I more than tripled my money overnight.
In a world of working from home, many new traders may be taking the leap into trading with a small account...
Just think - A $1,000 position could be worth $3,421.
And for those with a well-established account?
Imagine $10,000 soaring to $30,421 overnight...
... with only ONE trade!
Regardless of your experience and account size, TrackStarâs elite insights on Wall Street can work for you too!
Keep your eyes open heading into next week...
You bet Iâve got more trades of this nature coming in the days, weeks and months to come.
After all, who doesnât want an edge on Wall Street before financial professional data hits the Wall Street Journal...
Yours for TrackStar trading,
Davis Martin
Americaâs #1 Premarket and Day Trader
P.S. Did you catch Thursday's price action on Wells Fargo (NYSE: [WFC]()? I saw the stock rally up to +14% while markets were up about 1.5% at the same time. The call options I was watching on the other hand⦠those propelled over +100% within the first hour of trading!
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