REVEALED: The Video Game Stock I Just Made a New Trade In

REVEALED: The Video Game Stock I Just Made a New Trade In

Posted On June 29, 2021 2:58 pm

This week, I took to the woods of Tennessee, to spend some quality time with my father. Filial bonding aside, getting into nature has given me a new perspective on the stock market. 

Jump on board my Options360 Concierge Trading Service for just $19 for the first month. It’ll be, as our trading experts put it: “The best $19 you’ve ever spent.”

Recently, there’s been significant cross-currents of economic data, leading to daily/weekly rotation between a variety of sectors — making trading anything but easy.  For the past two-plus months, the S&P 500’s been range-bound, up until last week that is, which is when the index broke out.

In lieu of it, I’m reminded of Edwin Lefèvre, author of the classic Reminiscences of a Stock Operator’s, credo, “It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets.”

This is why I’ve kept my trades tight and light. For example, in my Options360 service, we exited a Microsoft (MSFT) bullish trade once it crossed the spreads’ maximum profit of a 57% return above $255.  MSFT proceeded to go up another $10 or 4%, but I can’t play the “woulda, shoulda” game, which happens to be a great options book title by Charles Cottle that I highly recommend.

Overall, I’ve maintained a bullish bias and the Options360 portfolio’s currently up 18% YTD.  Not a number that sets off fireworks. But remember, I do everything in my power to avoid the stress that comes with wild swings in my trading portfolio and I’m very pleased with making 45% annual returns.  

Claim your $19 trial into the trading service that’s delivered its members 39% to 122% in overall annual gains (before it’s gone!)— The Options360

Keeping this in mind, in two current positions in the Options 360 portfolio, Sketchers (SKX) and Akamai (AKAM), I’ve employed an options strategy known as a ratio back spread.  Neither SKX nor AKAM have done much since initiating those positions — two and three weeks ago.  Yes, I’ve taken weekly rolls to reduce the cost basis.  However, other than that, I’m following Lefèvre’s credo and sitting tight with my bullish stance. 

Today we added a new position in the Options360 service: video game developer Electronic Arts (EA), which looks to be breaking out. I’ll be keeping a close eye on it, as the formation looks like we can target a new high above $150 within the next few weeks. 

[Last Chance] Get full, unrestricted access to the Options360 Concierge Trading Service with this crazy-discounted, $19 promotion!


About author

Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.