Jason’s been on FIRE 🔥 with Jason Bond Picks lately and he is PUMPED 💪.
And now…did you know the human mind is mysteriously wired to love the number 3?
Just think for a minute about how many things we group in “3’s” or start with the word “tri”?
Don’t ask me why, but the experts have some theories.
There’s also the theory that ideas given in threes are especially interesting and memorable to an audience. There’s what’s called the Forgetting Curve and if the information isn’t an easy-to-remember pattern like groups of three, it’s more easily forgotten.
Hence breakfast, lunch, and dinner… blood, sweat, and tears… and lights, camera, action!
Or one of my favorites – “Eat. Sleep. TRADE!”
I tell you all of this because I wonder if it contributed to Birkenstock’s flop of an IPO on Wednesday. It was the 4th to launch in the U.S. within the span of a month, following Arm Holdings, Klaviyo, and Instacart.
I say this tongue in cheek, of course, but there’s no question that investors did not respond to this latest IPO with any level of enthusiasm.
It turns out expensive, hippie-loving sandals don’t seem to be a hot item in the current high-inflation, war-torn environment.
Look, I’m all for stalking IPOs for potential short term trades.
That’s how I grabbed great profits on September 14th. (Be warned though that trading is hard and results are never guaranteed.)
Here’s what I sent to readers on September 13…
In case you don’t want to scroll in on that image, I said, “If I can scoop some shares (of ARM) near the IPO price today, I may do so. I think this has a 10-20% potential just today.”
ARM rallied 25% at its peak 🚀.
I was live at noon yesterday when ARM started to trade, and I walked everyone through my deviously simple plan – buy the stock near the IPO price and then flip it for quick profits.
My plan played out flawlessly, and I called that 20%+ move to perfection!
*trading is very hard in general so be careful gang, results not typical and cannot expect to be replicated
Day trading for the win 🥇!
And that on the largest IPO in nearly two years! Double win 🥇🏆!
CART’s IPO wasn’t as big of a deal… and its timing was terrible. On its first day – September 19 – it fared better against the market’s losses. But since then, the stock has been on the struggle bus.
At time of writing, it was hovering around $24.70. That’s a 17% loss from its opening bid of $30. And a whopping 40% drop from its high of $41 on IPO day!
KVYO went public on September 21. The fanfare around that stock took a couple of days to warm up. It’s had some really bad days, dropping to a low of around $30 intraday on October 3. But it’s pulled back and is doing reasonably well, sitting at around $33… around $2 higher than its opening price.
In comparison BIRK is a big old nothing burger 🍔.
But here’s the thing: While I’ll absolutely make hay on IPOs when the opportunity arises, I don’t bet my livelihood on that market.
Instead, I look to strong stocks in the market and then play opportunities using the powerful strategy of selling options.
Why sell options rather than buy them?
Because the strategy doesn’t require me to be right on the direction of a stock’s move. I don’t need to be right about the size of the move either. And I don’t need to be right about the timing of that move.
It’s this very strategy that I’m using to steadily march myself towards earning $120,000 in 12 months. Through this challenge, I’m teaching my Alpha Hunter members how to sell options and why they should be doing this rather than buying options. They’re learning from my wins. And most importantly, they’re learning from my losses.
Look, trading is hard. Results are never guaranteed. But, just like the pain of falling off your bike is the ultimate motivator to learn to ride, trade losses are the best way to learn and do better.
There was a cool trade on this sheet on ARM where I made a quick $1700 by selling puts to some poor sucker.
It’s a great type of trade, and I’d love to teach it to you so you can use it on stocks you follow.
Forget IPOs, especially the most recent flop… what was its name again? I forget…
Here’s to YOUR success,
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