TLT PLAY OF THE WEEK!

Play of the week #001


I'm going to try and start a play of the week where I show you my best picks from last week and let you know where I think it will be trading next week. 

This week my best trade was on TLT. The Covid-19 virus has institutional investors spooked. These are government bonds people flock to these type of investments in times of turmoil. 

I bought a TLT 158 CALL for $4.63 and sold for $14.90. 

 

TLT 158 5/15

 

Another fabulous trade I made was on UVXY. TVIX which is Uvxy's older brother used to be worth like 5 Billion why not hold on to like at least one share to protect yourself from the downturn? I use UVXY because it has the options, this is inverse to the market most times and goes up a lot when people are scared. 

Here is a UVXY 37 CALL I bought for $2.04 and sold for $8.5. 

 

UVXY 37 Call 4/17

 

I don't have a crystal ball but I'm guessing these would go down next week if there is a rally and into the fed meeting and may spike after the meeting itself or a day or two after. If there is no market bounce I would expect TLT to be up another 5%-10% and UVXY to be up another 20%-50%.

 

If you guys have insights on these plays or have your own play of the week please share in the comments! Thanks! 

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Market Speculation
Market Speculation

Profitable self-taught trader living in the Bay Area. I watch the crypto market and stock market on a daily basis. Over a decade of trading under my belt. Preferred sectors: tech, defense, space, biotech, healthcare, energy.


Market Speculation
Market Speculation

This channel is here to provide you with financial expertise. I'm a professional equities trader from the Bay Area. I plan to share with you what I know about stocks, crypto, and life.

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