Here's What Turned a Routine OPEC Meeting into a Quick Win

And how to be ready when it happens again [Image](   [ARCHIVES]( [Newly Released Exposé: Wall Street Insider Reveals his Six Figure Investment]( The company has a series of potential contracts on the horizon… with one being from one of the largest tech companies in the world. Their top engineers are actively trying to get their hands on this tiny company’s technology, and this partnership could unleash a BILLION-dollar revenue surge. [Stream the private interview here.]( News from the Desk of Garrett {NAME}   June 06, 2023 Dear Reader, Last week, while Neal and I were setting up a podcast to delve into the energy patch, our discussion naturally veered toward OPEC's Vienna meeting. Neal astutely pointed out that traders would likely rush to cover their short positions ahead of the oil cartel's announcement. So, we wasted no time in capitalizing on trader psychology and put on a call spread on the Energy Select SPDR Fund (XLE) in anticipation of CTAs getting ahead of OPEC’s Sunday announcement. In Flashpoint Trader, we made a strategic move by purchasing the XLE June 3, 2023 $77 call option set to expire on Friday and simultaneously selling the XLE June 3, 2023 $78 call option. Our primary objective was to collect the premium from the $78 call and look to ride a potential short squeeze in the oil market. With this trade, we positioned ourselves to profit if oil prices surged higher. As it turned out, the XLE did open higher on Friday, allowing us to take some quick profits when the market opened. This move for oil, however, sparked a deeper curiosity in me about the intriguing concept of a short squeeze—a market phenomenon that can significantly alter market dynamics and offer big profit potential to folks paying attention. So let's take a look at exactly what a short squeeze entails and how we can harness its power for profit… [Click here to continue reading this edition of Midday Momentum]( Cheers, Garrett {NAME}   These are REAL results produced during the last decade-long commodities bull run. Based on three signals converging right now, Tom Gentile believes it’s happening again (and starting within 30 days). He put more than $1.5 million on the line… and he’s not stopping there. [Join Tom and Brien Lundin for their complete profit plan now.](   PREMIUM CONTENT In the dynamic world of investing, finding the right strategy can sometimes feel like searching for a needle in a haystack. While many investors grapple with the complexities of zero-dated options trading, a potent alternative lies in the financial sphere: leveraged ETFs. These unique financial instruments offer an intriguing blend of opportunity and control, potentially unlocking significant gains without undue risk. 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