We made 300% on Friday options 👏
We came in with a plan today. I thought there would be some residual selling, and I was looking to short the $QQQ.
And here’s the fun part: it worked.
We had the full rollover pre-market, and we got out near the lows. Then the open happened, we got short again for the fade, and we got paid again. Once it hit the orange line and started rolling over, I shorted it again.
Don't be ashamed of quitting early.
Quitting while you're ahead is not quitting.
But for those who stayed, there was a long trade. This is exactly why I teach chart patterns -because they replicate. When you see a fake out, shake out, and VWAP break on the $QQQ, you buy the $710 calls. We grabbed them at $3.00, and they went to $6.00. That’s 100% on your money.
But that wasn't even the trade of the day...
The trade of the day was SpaceX. The shorter morons still think stocks are allowed to go down. When a stock tries to break VWAP seven times and holds it, creating that "W" pattern, why would you be short? As it lifted off, we bought it at $15,270 and made 4 points.
Instead of buying the stock, you could have bought the $15,250 calls. We got them at $2.50 and they went to $5.00 for a 100% move. Your $2,000 trade turned into $4,000.
Then we had $CBRG. The shorts - idiots that they are - thought it was going to zero because it broke the IPO price. But the real money was shorting at $380, and they were already covering at $160. The Johnny-come-lately shorters were getting trapped.
We took their money on a long trade. A one-minute multi-day VWAP reversal. Entry at $163, and the stock went up 10 points. On 200 shares, that’s $2,000.
If you played the options, we went for the $165 strikes as the stock broke $163. We bought them for $3.00, and they went to $10.00. That’s 300% on your money.
And don’t forget we traded BlackBerry as well.
If you want to see exactly how these trades went down today, click below to watch the video I made summarizing everything we did.
This was one of the best weeks in the history of our website.
Congratulations to everybody participating and catching these moves.
Most of the trades were profitable because it's nice to know what you're doing.
If you’re already inside the room, I’ll see you on Monday.
If you’re not in here yet, here’s the link to join us.
Have a great weekend.
Kenny Glick | Founder, Hit The Bid
P.S. 300% on $CBRG options. 100% on $QQQ calls. 100% on SpaceX calls. The chart patterns replicate, and we just keep trading them. If you’re not navigating this market right, join us and I'll show you how.