Portfolio Updates: PENN, TLRD & LK... KA-CHING!

[Click to view in browser](. Jun 10th 2020 Good Morning! I’ve exited the trades I got into yesterday which were alerted to you via email. [PENN]( was indeed downgraded! A catalyst of this nature is why I got into the trade to begin with, so I’m content with this one overnight. This stock is now bouncing off its 20-day simple moving average line support, so given this is a short-biased position, I’m taking profits. I sold to close my June 19 $3.75 Puts at $5 for +100% or about $5.9k in total profits as I scaled out in two pieces. [TLRD]( is trading right at its 20-day simple moving average line support, which to me is a sign to take profits on a short-biased position and possibly revisit this one later on. I sold to close my June 19 $2 Puts at $0.85 for +80% or about $4k in profits. [LK]( is down about 10% today and I’ve sold to close my June 12 $4.50 Puts at $0.83 for about +73%. As noted I had a small position, but I’ll take an extra few hundred bucks! Nice batch of overnight trades! Volume will likely be pretty light until the FOMC announcement takes place. That’s typically how FOMC days go! Remember, please [reply to this email](mailto:email@investingchannel.com) with your best cell phone number so I can text you entries/exits - timeliness will increase, and therefore trade alerts will become more valuable to you! [Reply with this link.](mailto:email@investingchannel.com) Yours for TrackStar trading, Davis Martin America’s #1 Premarket and Day Trader P.S. Did YOU happen to catch any of these moves? YOUR success is what matters to me the most! If you caught even a piece of these trades, [let me know how you did here!]( 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](