It was a slow afternoon for me as the markets worked through a multi-week pullback.
But out of nowhere, my chimes ring.
The standing order I had on for five months was finally filled.
This position had been a nagging pain inside my trading account…
And I finally cleared it for a double.
Here’s the backstory:
One of the major news events in 2022 was buyout rumors from WWE Entertainment.
Back in the day, I was a huge fan.
I was there for the entire Stone Cold Steve Austin saga.
And I quoted all the lines from The Rock.
After the buyout news, the stock saw options flow that suggested a higher buyout price.
I didn’t want to take a massive position, so I put on what’s known as a “butterfly spread.”
It’s where I can make a bet on the upside for just a little bit of risk.
It was the July 100/105/110 call.
So if WWE traded above 100, I’d make some money.
I got the move I was looking for, but it took forever to get filled.
The bid/ask spread was so wide that there was no way to exit for any kind of gain.
So yes, I was relieved when I got out of that trade with a double after five months.
Still, you don’t need to wait that long to make substantial gains in this market.
There are several overlooked “profit zones” with less risk and more significant upside.
And for three days next week (Tuesday, Wednesday and Thursday)…
You can trade live with me as I play three profit zones for triple-digit gains.
No sign-up fee is required; click here to save your seat.
