Take this review with a grain of salt as we went back to cash on most.
Still, it's good to take a look at what worked and what didn't - especially since those that didn't are often some of our best new opportunities! It's been a crazy market environment but we try to find at least one Top Trade each week for our Alert subscribers (and, of course, our Premium Members). I don't force them - I either like a trade enough to feature it or I don't.
Top Trade Alerts are sent out once or twice a week via EMail and Text Message from our Basic and Premium Live Member's Chat Room. These trades are just a very small portion of what we discuss during chat each day, but hopefully a good representative sample of the dozens of trade ideas we share with our Members each week in our Live Member Chat Room as well as our Weekly Live Webinars (Tuesday's replay can be seen here).
Keep in mind these are just snapshots of trades as of today – it's up to you to take good trades off the table and cut the losses (or make adjustments) on ones that go bad. We're always discussing adjustments in our Live Member Chat Room – join us there for follow-ups.
2/20 - GOGO was our pick around lunchtime as we liked the story on the provider of WiFi services for airplanes. GOGO was a part of our Income Portfolio before we cashed that out and it was just starting to rally back from the low end of the range and we didn't want to miss the breakout. I wrote quite a dissertation about why I liked them and our new trade idea was:
So, for the LTP, let's sell 10 2017 $15 puts for $4.40 and buy the $20/25 bull call spread for $1.20 so we still have a net $3.20 credit for a net $11.80 entry (worst case) on 1,000 shares with the upside of $8,200 at $25.
