Before we get to that though, let’s review.
In Altucher’s Secret Income, James recommends selling five PDF Solutions (NASDAQ: PDFS) Feb. 21, 2020, $17.50 puts.
For additional upside, also buy two PDFS May 15, 2020, $17.50 calls. Read on…
After that, James sent a profitable Secret Income exit alert. Sell Telaria (NYSE: TLRA) at market. Go here to learn more.
In the Top 1% Advisory, James uses the U.S.-Iran conflict as a lesson in managing emotions in investing. Go here for more.
Then, we rang the register in Altucher’s Weekly AlphaBrain Alert. Sell to close Planet Fitness (NASDAQ: PLNT) Feb. 21, 2020, $72.50 calls. Here are the full details.
Finally, we published the January issue of The Altucher Report, found here.
In Altucher’s 420% Syndicate, James reveals his 2020 outlook for cannabis ― and how you can impact it. Here’s the full update.
In Altucher’s Weekly AlphaBrain Alert, James sent two new recommendations.
First, buy to open Atlassian (NASDAQ: TEAM) March 20, 2020, $140 calls.
Then, buy to open Slack (NYSE: WORK) April 17, 2020, $22.50 calls. Here’s the full alert.
Later, James’ discussed bitcoin’s recent price movements in Altucher’s Investment Network. Read on…
We started Friday with a Crypto Trader update from James. Read it here.
Finally, The Altucher Report highlighted some reader responses to the question, “What did you do to reinvent yourself recently?” Go here for access.
Enjoy your weekend!
A fresh batch of internal communications from Boeing employees reveals that pretty much everybody involved knew the 737 MAX was a flying garbage fire but prioritized cost-saving measures over the lives of their customers and employees.
This past Wednesday, we looked at a Daily Price chart of ProShares UltraPro QQQ Nasdaq, and noted that the stock had been making a series of 52-Week Highs.
Today’s Chart of the Day is for Sun Communities, Inc.(NYSE: SUI).
Sun Communities, Inc. is a REIT (real estate investment trust) that, as of September 30, 2019, owns, operates, or has an interest in a portfolio of 389 communities over 134,000 developed sites in the United States and Canada.
The Daily Price chart below shows that SUI has traded in a clear bullish pattern of higher highs and higher lows since January of this year.
We know from experience that a pattern like this points to a further advance.
You see, typically stocks that make a series of two or more higher highs and higher lows reliably continue on in an upward trend.
But it’s important to note that strong stock rallies have pullbacks along the way.
These pullbacks present a buying opportunity for us.
Purchasing SUI after a 3-5% price pullback has provided a good entry point for the stock this year, and has produced a healthy return.
On July 22nd, for example, SUI had pulled back, opening the door for savvy investors.
If you had purchased SUI shares on this date, you would be up 25.7%.
But… if you had purchased the right option contract, you would now be up 414.7%! That’s the power of options, and the entire purpose of my investment service, Chuck Hughes’ PowerTrend Options. If you missed the webinar back in October, I highly recommend you watch it now.
It’s the only place to get options recommendations from me using the PowerTrend “X-ray” system.
Editor, Chart Of The Day