I sent an important trade alert to subscribers to my Options360 concierge trading service.
Here’s a copy of the email I sent:
The whipsaw action continues. I think we need to be very careful not to get chopped up as intraday ranges expand, reversals occur on a daily basis and sector rotation is swift. And of course, this stems from headline risk which is creating a lack of liquidity which leads to wide bid/ask and ‘air pockets’ of price movement making for treacherous trading. Meaning, patience for solid setups and waiting for prices to hit extreme/stress levels before taking a stand. For now, it’s hard to sell things in the hole and equally difficult to try to bottom fish.
That said, let’s establish a relatively small and moderately bullish position in Lithium America Corp (LAC).
LAC is an exploration and soon-to-be producer of lithium, a key metal needed for EV batteries among other applications.
LAC does have an equity interest in producing Argentinian mines, which can both be a plus or potential risk as there has been chatter of Argentina nationalizing some natural resource businesses.
Still, the trend for strong demand and higher prices create fundamental bullish underpinnings.
From a technical standpoint, the chart could be on the cusp of breaking channel downtrend.
I can’t share the exact trade with you, however, you can access this trade and all of the Options360 recommendations for an entire 30 days, for just $19!
If you hurry you might be able to get in this trade.
To Your Success,
Steve
PS. Even if you’re too late for this trade…
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