$7 Telecom Name showing huge buying
Every week, you’ll get an unusual options update from Tim Biggam.
Last time, he said PLTR was seeing unusual call buying… over 671k contracts exchanged… and PLTR popped 10% from that video.
Today, Tim’s dug out a $7 telecom name seeing unusual buying after a 20% pop then drop back down in the last month.
Tim shares the trade he’s putting on to play this name.
Remember, with unusual options buying, consider a few factors:
- If the options volume is far out in the distant, it could be bullish or a hedge from an institution.
- Check the charts first to see if we’re near a point of resistance it could break over/under
How should you trade it?
Tim recommends a covered call approach as the stock is only $7.
Watch this free, 3 minute video to see the stock… plus
- Quick update on the SPX and why it’s floundering
- The importance of the 10-yield at this level
- A market warning last seen Dec ‘21 (before a 25% pullback)
- A VIX update — and it gives us a good time for options
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8 option income trades open… all winners right now
How Adam Mesh trades options for income.
Right now, I have 8 options trades open and they’re all producing income.
One of them, Uber, I opened last week and it’s producing hundreds in income with just a few contracts.
These types of trades are working like wildfire in this market… and I want to share with you how I do it.
I recorded a special presentation sharing my setups, strategy and approach to how I make these trades.