Liz here! Congratulations again on your two 100% wins in the oil patch earlier today. I told you I’d be back with a brand-new AK oil play later today – and once again, I was telling you the truth. (You really should have more faith in me.)
AK’s new play is Phillips 66 (NYSE: PSX), a $34B fuel processing and storage company that beat Q2 expectations and is set to outperform in Q3 as well. They’re developing a processing plant that turns garbage and used cooking oil into viable fuel, which I find utterly fascinating. They should visit my house, where the previous owners left their final trash can of garbage right out front. (Thanks Lois.)
PSX is set to report earnings on October 28 (mark your calendar) which should give them a nice boost. And that brings me to a very important point…
The most profitable 30 days of the year start Wednesday.
Day Traders know that Christmas doesn’t come December. The real magic happens in mid-October. That’s when you get a real chance to consistently find earnings plays that can double your money in a matter of minutes…
Letting you take home a day’s pay by 10 A.M.
That’s why our friend Kenny Glick is hosting VWAP Locked & Loaded on October 13 at 9:30 AM. He’s going to show you what makes the next 30 days so special and how to play it for the maximum profit potential using only 1 indicator.
To make sure you don’t miss out, click on the link below.
Click here to confirm your attendance to VWAP Locked and Loaded.
Beyond earnings, AK’s main point of interest in PSX is a big institutional trade that crossed his scanner. “I love the oil space and an ‘insider’ trader just bought over 1000 of these calls for $.90,” he emailed me quickly (probably from the Sydney Opera House).
Here’s what AK saw…
>> OptionHacker2 Signal 1452 PSX 2021-11-19 90.0 Calls $0.90 OI=930 $77.91 Ref, Target #1 $1.35,Target #2 $1.80 (09:38:17 ET) |
And here’s what he wants you to buy for a shot at 100%. This is pretty darn cheap, so even though it’s unhedged, we’ll toss it in the Nickel Slots bucket.
Here’s what to do:
NICKEL SLOTS
Action to Take: BUY-to-OPEN PSX November 19 $90 Calls (PSX211119C00090000) for a limit price of $0.85 Open as a Good-til-Canceled order (GTC) |
Oh, and that’s right…
It’s Money Calendar Friday tomorrow and we’ll have Tom Gentile back for our latest 100% gainer on a big, liquid ETF.
Hang loose and have a great afternoon!
Liz