Best Trade Of The Week Ahead

19% 1 Week Return In A Great Company With Activist Involvement

This week is going to be tricky, we have ALOT of economic data incoming, the market will have a big move either way later this week, someone prudent would say we should skip this for the week ahead and I will be honest, personally, I don’t plan on doing much this week myself. We have OPEX ontop of all the economic data. So to say this week will see chaos, will be an understatement.

When I started these best ideas of the week, I never really thought I would be successful on 16 of the first 17, of course I always had confidence in the positions, but you never think 94% of put spreads you sell will expire successfully, but alas, they did. It’s been a fantastic run and it sets a high bar for expectations going forward. I hope I can continue to meet your expectations, but I must warn, being right 94% of the time over the long run is highly improbable, and the last 3 months have been a small sample size.

I was going to go with Zoetis this week, but someone asked me to discuss it on my chart session so I did and won’t post it a second time. My best idea this week is a slightly conservative trade on a good name that will yield 19% in a week. It has many things I look for ie it is a name that filled its earnings gap, it has lots of recent bullish activity in the options market, it is nearly 50% off it’s all time highs, AND has a well known activist involved. If you’ve guessed it by now, well done.

The Trade