CVNA trade of the week

How that worked out

Author

Amanda Jones
December 10, 2023

Today's sponsor

Liquid Assets, Solid Returns

If you're tired of traditional investment options that offer little diversity and unpredictable returns, it's time to consider the world of fine wine and whiskey investing. Vinovest makes it easy for anyone to invest in high-quality wines and whiskies with the potential for excellent returns. It's why the ultra-wealthy have invested in fine wine and whiskey for centuries and now it’s your turn to do it too. Start investing today.

Hey Folks!  Jeff Bishop here.  

Coming into this week, I was not super optimistic about how large-cap tech stocks would trade, so I wanted to look elsewhere for my Bullseye Pick of the Week 🎯.

Unfortunately, so many sectors are trading at nosebleed prices right now, and I couldn't stomach paying such hefty prices 🤢.

The “sector” (if you want to call it that) which has been working well lately were the high-short interest, or “meme stocks” as they are called.

So I decided to press my luck 🍀 and go back to this sector and find the stock I felt had the most opportunity ahead of it.  

That stock was Carvana (CVNA).

Here is a copy of part of the email I sent out to members before the market opened on Monday this week…

Today, my plan is to start with a half-sized position on CVNA calls near the opening.

Assuming I get my initial order filled, I will wait until we see a test of $35 to make an additional purchase.

If I am wrong, CVNA will break down and close under $34.  I see this as a very short-term trade, so this will either work out good or bad in the next few days I think.

If I am right, I expect to see CVNA trade around $40 as target #1, and then just under $45 as target #2.

My Trade Plan Details:

  • CVNA Dec 15, 2023 $40 calls near $1.40

  • Stop: Close under $34

  • Target 1: $40

  • Target 2: $44

If you’re not in Bullseye, this is how all my emails are structured – so a pretty clear game plan I had going into the week, right?

Well, things worked out perfectly once again.

The options made well over a 100% move on the FIRST DAY 💪💪💪.

Below is a chart showing exactly what I was looking at and the two signals that my system caught.

The first alert went out to my Bullseye Trades members.

👉The SECOND alert you see on the chart was an options-selling trigger that I sent to my Alpha Hunter members.  

(Personally, I am up around $1000, or 50%, on just a $2000-sized trade since I made it on Thursday.) 

Although not all trades work out this well, this was not too shabby for a day’s work, and just waiting for the right setup!

I have to say, after 20 years of trading, I think I am really good at this stuff.

Maybe I am the “luckiest trader in the world,” or maybe I just happen to know a thing or two about finding breakout trade ideas?

Either way, why don’t you find out and decide for yourself?  Try Bullseye out and if you don’t like it, I offer a 30 Day Satisfaction Guarantee!

To YOUR success,

Jeff Bishop

More GREAT trading resources:

Questions or concerns about our products? Email [email protected] 

© Copyright 2022, RagingBull

DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at https://ragingbull.com/disclaimer.

*Sponsored content: We’re a proud affiliate for Vinovest, meaning if you click a link for a product or service, we may earn a commission at no extra cost to you. We believe in the companies we form affiliate relationships with, but please don’t spend any money on these products or services unless you believe they will help you achieve your goals.

FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. AnyRagingBull Service offered is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. RagingBull strongly recommends you consult a licensed or registered professional before making any investment decision.

RESULTS PRESENTED NOT TYPICAL OR VERIFIED. RagingBull Services may contain information regarding the historical trading performance of RagingBull owners or employees, and/or testimonials of non-employees depicting profitability that are believed to be true based on the representations of the persons voluntarily providing the testimonial. However, subscribers' trading results have NOT been tracked or verified and past performance is not necessarily indicative of future results, and the results presented in this communication are NOT TYPICAL. Actual results will vary widely given a variety of factors such as experience, skill, risk mitigation practices, market dynamics and the amount of capital deployed. Investing in securities is speculative and carries a high degree of risk; you may lose some, all, or possibly more than your original investment.

RAGINGBULL IS NOT AN INVESTMENT ADVISOR OR REGISTERED BROKER. Neither RagingBull nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor(IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization.

WE MAY HOLD SECURITIES DISCUSSED. RagingBull has not been paid directly or indirectly by the issuer of any security mentioned in the Services. However, Ragingbull.com, LLC, its owners, and its employees may purchase, sell, or hold long or short positions in securities of the companies mentioned in this communication.

RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements. In the event that any suit or action is instituted as a result of doing business with RagingBull.com, LLC and/or its affiliates or if any suit or action is necessary to enforce or interpret these Terms of Service, RagingBull.com, LLC shall be entitled to recover attorneys’ fees, costs and disbursements in addition to any other relief to which it may be entitled.