Scheduling Notice: Please note our offices will be closed July 4 and 5 in recognition of the Independence Day holiday. You can expect your next weekly update on July 12. | A Big Week of Nimble Wins By Larry Benedict, editor, The Opportunistic Trader It’s been a hive of activity this past week… And the important thing is that we’ve given our trading account a real boost. Our results highlighted the importance of having a nimble strategy that can capture short, sharp moves in both directions. There’s no better example than our recent trades on chipmaker Nvidia (NVDA)… In just a single week, we profited from three separate moves in NVDA. One of those trades only lasted a day. And that wasn’t our only quick move. In our trade on aircraft and defense contractor Boeing (BA), we sold half our position yesterday for a 56.6% gain after just two days. And we sold the second half today for a 47% gain. (I’ll cover this trade in full in our next update on July 12.) As volatility picks up, we’ll see lots of other great opportunities ahead. On the flip side, we still have our open put option trade on Invesco QQQ Trust Series 1 (QQQ), which expires on July 19… QQQ is trading a long way above the option’s strike price. So, unfortunately, it’s looking likely that the option will expire worthless. Now let’s check our closed trades for the week… A Week of Wins Let’s start with tech giant Apple (AAPL). At the time of your update last week, we’d just closed out half our position for a 54.5% gain. So let’s see how things panned out with the remainder of the trade… Trade: AAPL August 16 $205 Puts -
Bought on June 12 for $3.30 -
Sold half on June 20 for $5.10 (54.5% gain) -
Sold the remaining half on June 24 for $5.30 (60.6% gain) -
Blended gain: 57.5% -
Holding period: 12 days AAPL looked overbought and vulnerable to a pullback. So we anticipated a reversal and bought a put option. And we got our timing spot on, entering the trade on the same day as AAPL’s all-time high. After banking our 54.5% on the first half, we captured a further sell-off and picked up a 60.6% profit on the second half. Altogether, that resulted in a blended 57.5% gain over a total holding period of 12 days. We also notched another win with our latest Bitcoin Streaming trade on the crypto exchange Coinbase Global (COIN). Trade: COIN August 16 $330 Calls After hitting their peaks in mid-June, Bitcoin and crypto-related stocks began to retrace. But momentum on that pullback stretched to the downside. COIN was trading near support at the $200 level. So we set ourselves up to profit from a potential bounce. COIN’s reversal and subsequent rally enabled us to close out an 18% gain in just a day. Next, let’s look at NVDA. We’ll begin by pulling up a chart. It shows how even small changes in momentum can help set up multiple trades in a short period. Those changes in momentum are signaled by the orange arrows in the Relative Strength Index (RSI) in the bottom part of the chart… Nvidia (NVDA) 
Source: eSignal (Click here to expand image) The left arrow marks a reversal in the RSI that helped provide the setup for our first trade (red line). When momentum lowers like this, it’s a clear sign that buyers are losing their enthusiasm, which typically causes a stock to fall. So let’s see how our first trade went… Trade: NVDA August 16 $115 Puts -
Bought on June 20 for $3.25 -
Sold half on June 21 for $5.14 (58.2% gain) -
Sold the remaining half on June 24 for $5.65 (73.8% gain) -
Blended gain: 66.0% -
Holding period: 4 days This trade went our way right from the start. We took some profits off the table after one day. But we still kept half our position open to capture a further move down. This unfolded as expected, letting us pick up a bigger gain on the second half. Overall, we earned a blended 66.0% profit over four days. This exit coincided with a momentum reversal (middle arrow) to the upside. That also provided the setup for our second NVDA trade (blue line). Trade: NVDA August 16 $140 Calls -
Bought on June 24 for $3.55 -
Sold half on June 25 for $4.20 (18.3% gain) -
Sold the remaining half also on June 25 for $4.35 (22.5% gain) -
Blended gain: 20.4% -
Holding period: 1 day NVDA rallied after we entered our call position. So we were happy to bank an 18.3% gain the following day. Yet momentum stalled and then began sliding that same day. So we exited the remaining half of our position for an overall blended gain of 20.4%. Again, this next momentum reversal (right arrow) helped provide the setup for our third NVDA trade of this week (green line). Trade: NVDA August 16 $110 Puts -
Bought on June 25 for $3.30 -
Sold half on June 26 for $3.65 (10.6% gain) -
Sold the remaining half also on June 26 for $3.50 (6.1% gain) -
Blended gain: 8.3% -
Holding period: 1 day This time, we banked a smaller profit, picking up a 10.6% profit the following day on half of our position. But the anticipated fall started losing momentum, so we decided to close out the remaining half the same day. That resulted in a blended 8.3% gain. Altogether, if you took part in the AAPL, COIN, and NVDA trades, you could’ve earned $560 just by trading one contract. If you traded two contracts, you could’ve made $1,120. That’s the power of options. We're able to draw gains like these quickly – in this case, in just over a week. Your Feedback I hope you’ve been able to take part in these winning trades and are looking forward to more to come. If you haven’t already, please consider taking a moment to rate The Opportunistic Trader on Trustpilot. It means a lot and helps spread the word about the benefits of becoming a subscriber. And as always, if you have suggestions, questions, or any other comments, you can always reach out to me at feedback@opportunistictrader.com. Happy trading, Larry Benedict
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