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Showing posts from January, 2023

Tesla's Q4 results, BuzzFeed partners with Meta and more

In this week's issue we cover Tesla’s Q4 results, BuzzFeed's recent run and more.  According to the Wall Street Journal, BuzzFeed (BZFD) would reportedly receive millions from Meta Platforms (META) in exchange for attracting additional content creators to the site.  An upbeat earnings report for the fourth quarter of 2022 has put the intense demand worries that sent Tesla (TSLA) shares tumbling in 2022 in the rearview mirror. Tesla earnings topped analysts' projections, and the company's recent price cuts are largely responsible for the uptick in demand.  Visa (V), Mastercard (MA), and American Express (AXP) reported earnings as investors evaluate the state of the economy based on consumer spending. Southwest Airlines (LUV) troubles continue. Chipotle is gearing up for burrito seasons. Watch the video to get the insight. Good Trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of Sharper

DOJ Targeting Google's Ad Business in Second Antitrust Suit

In its second antitrust suit against Google in less than two years, the U.S. government has set its sights on the company's advertising division.  The case, the first of its kind under the Biden administration, challenges Google's right to monopolize the online advertising market.  Let's see what happens next.  Good Trading!  Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state re

Wash Sale

The term wash sale refers to a transaction in which a person sells or trades a security at a loss and then re-purchases the same stock or security, or obtains a contract or option to do so, within 30 days before or after the date when the loss-generating investment was sold. This window of time account as a total of 61-day wait period. Another scenario that leads to a wash sale is when a person sells a security and then, during the 61-day waiting period, their spouse or a business they control purchases a substantially identical investment. Under Internal Revenue Service (IRS) regulations, a tax deduction for a loss on a securities sold in a wash sale is not allowed. This provision is known as the wash-sale rule. The rule is intended to discourage investors from making an investment loss in order to claim a tax deduction while effectively keeping their stake in the securities.

Kal's Option Trade of the Week - QQQ New Year's Iron Condor

    Happy New Year everyone, wishing you all a healthy, happy and profitable 2023!  I like to start every year by putting Iron Condors on in all the major indices. Since QQQ (NASDAQ) is the most volatile right now, we'll start with that one. :) Watch  the video  to get the trade details and learn. Hope you enjoy it! Kal Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agen

2023's Biggest Trade So Far: How We Caught It and Trade It

Today we cover a day trade from our premarket focus list: BIOR BIOR is today's big winner: +75% in just a few hours. Watch this video and see how we traded it, and found it, as we were building our watch list for the day (link inside). Good trading!  Trading Risk Disclaimer All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stocks, forex, futures, options, commodity interests or any other trading security.

Accolade Q1 Report Surprised Investors

Accolade Inc. (ACCD) has reported their Q1 earnings for the fiscal year 2023. The company has reported strong financial results, exceeding market expectations and demonstrating a solid start to the year. Accolade Inc. is a leading provider of personalized, technology-enabled solutions that help individuals navigate the complex healthcare system. The company's platform connects users with healthcare professionals and guides them through the healthcare process, from choosing the right health plan to managing chronic conditions and finding appropriate care. According to the Q1 earnings report, Accolade Inc. reported a revenue of $82.5 million, an increase of 29% year-over-year. This was significantly higher than the market consensus estimate of $76.6 million, indicating strong growth in the company's core business. Additionally, the company reported a gross profit of $48.4 million, a year-over-year increase of 31%. This increase in gross profit can be attributed to the company'

Butterfly Spread

Option strategy that combines both a bull and bear spread with a defined risk and capped reward. The most lucrative scenario for these spreads, which are meant to be market-neutral strategies, is for the underlying asset to remain stationary until option expiration. They either involve four puts, four calls, or a mix of both with three strike prices. Understanding Butterfly Spreads Option trading strategy.  An option is a financial instrument based on an underline asset (stock or commodity) value. Options contracts provide buyers a defined date to buy or sell the underlying asset. Butterfly spread strategy uses a combination of bull and bear spreads. It's a neutral method of using four options contracts with the same expiration and three different strike prices: at-the-money, higher and lower strike prices. Higher and lower strike prices are equally far from at-the-money option strike price. If at-the-money options have a $30 strike price, higher and lower options should be above a

Southwest Airlines Is Going South

Today we take a look at Southwest Airlines (LUV).  Watch this video to get the technicals.  Good Trading!  Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is not an offer to buy or sell stocks, cryptos, forex, futures, options, commodity interests or any other trading securities.

Bond Fund

A bond fund is a mutual fund invested solely in bonds . Many investors prefer bond funds versus buying individual bonds. Bond mutual funds are like stock mutual funds in that you combine your money with other investors and a professional invests it based on the best chances. Some bond funds try to replicate the performance of the market as a whole by investing in a wide range of bonds issued by entities as diverse as the United States Treasury, state and local governments, businesses, and money market funds. Short-term Treasury bond funds and corporate high-yield bond funds are two examples of specialized bond funds that invest only in those segments of the bond market where they see the greatest potential for growth. Bond funds, regardless of their focus, invest in a wide range of bonds and other securities, trading in and out as market conditions dictate rather than keeping their holdings until maturity. Monthly payments reflect the fund's bond composition and payment schedules.

Volume-Weighted Average Price (VWAP)

An intraday technical indicator that displays the daily average price at which a security has traded in terms of both volume and price. The VWAP resets at the beginning of each new trading session. VWAP is an important indicator, especially for day trading, because it provides traders with price information into both the trend and value of a security.

Uptrend

An uptrend is the upward price movement of a financial asset, characterized by price making higher highs and higher lows. This means that after a bullish run, the lows following a pullback will still be near or above the highs that were seen earlier in the trend. The uptrend is regarded intact as long as price continues to make higher highs (during the run) and higher lows (during the pullback). Some traders choose to trade solely during uptrends. These type of long-trend traders employ a variety of tactics to capitalize on the price's proclivity to make higher highs and lower lows. They enter trades earlier as price begins the raise; they manage their position(s) during the bullish run by adjusting their stops (in case price suddenly reverses); they exit and take profit (fully or partially) as price loses strength and starts to reverse direction.