Trade ideas

Trade ideas

Today’s trade idea for option traders: Sinclair Broadcast Group (trade closed)

trade idea for option traders

My last trade idea on Sinclair Broadcast Group (SBGI) was almost a year ago. And since that time, SBGI had first a nice, dynamic move upwards followed by a pretty steep drop literally within days in March 2021 from the high of around $39. Caused by several negative fundamental news, the price decline finally stopped at the levels of around $28 and since then it was moving sideways in a slight decline till now. Since then a triple bottom was formed at the level of around $26, there is a good chance the price will bounce from this level and move higher. At least in the next couple of weeks. And that would be enough to set up a short term trade as usual. So let’s dive in, folks.

(more…)

Trade ideas

Today’s trade idea for option traders: Bed Bath and Beyond (trade closed)

trade idea for option traders

It’s been a while since I published a new trade idea. The reason for this was that since a couple of weeks the most stocks were rather bearish than bullish. Besides that, the Implied Volatility was too low to get a decent premium. And what should you do in such periods? The answer is simple – do nothing! Stay out of the game and wait, don’t force it. The next opportunity will come for sure which is maybe right now. That’s why I like to publish the next trading idea on options. This time it’s again Bed, Bath and Beyond. I already published a trade on this stock (check it out here). So let’s see if the idea will work out on this stock again.

(more…)

Trade ideas

Today’s trade idea for option traders: Bed Bath and Beyond (trade closed)

trade idea for option traders

I think, everyone knows this company. At least, in the United States. The struggling retailer has been shrinking its portfolio and restructuring the business due to crass operating results in both 2019 and 2018. The good news is that BBBY is emerging from the pandemic with improved sales although investors should still expect a couple of tough few years ahead. And as the indicators are showing an up move, it’s worthwhile to try an options trade on this stock. So let’s check it out, folks.

(more…)

Snoopy Alien