On Monday we spotted a very attractive setup. In just a few days it nearly doubled. We used one key element to increase it’s potential.

Costco (COST) caught our eye on Monday as we were keeping an eye on stocks that would get a lift as consumer prices rose. You can check out the article here.

The key signs were a cross above the 200 day moving average and also a recent crossover in the MACD.

Grab this free guide that not only starts from the very beginning oif options trading but gives you the #1 tip for mastering options months before other beginners. Get your copy here

At over $500 a share, it was a really rich trade to place. That led us to take a look at some of the options and see if we could find one that fit our risk profile and looked like a bargain. We spotted the April 540 calls and there were at 8.40. Not a bargain on its own, but compared to buying into the stock, it looked attractive.

In just a couple days it has jumped up to nearly $16.

If you aren’t trading options yet, this is another compelling reason to get started. This market is ripe for great options trades with unprecedented volatility and some easy to spot trends out there.

If you are looking for a way to get in and make sure you have a start to get you up to speed quick, grab Don Fishback’s guide. It is a great, brief how to that will shorten the learning curve. You can grab a free copy here.

Keep learning and trade wisely,

John Boyer


Market Wealth Daily