3 Trade Ideas I Gave Schwab

I was on Schwab Network this morning for the Big Three. Three stocks, three trades.

All three are the same trade wearing different clothes. Every one of them is a fade. Somebody is bidding, and I want the other side of it.

Here's the shape of each without the names attached.

The one that ripped on an AI headline. A big name in a group that's been oscillating back and forth for months. Good news came out, the crowd piled in, and I think it's got its feet back under it. I also don't think it lasts. So I'm stepping in and fading it in the near term. Any opportunity I get to sell what looks like a top over here, I'm going for it. These oscillations are great for the traders.

The IPO everybody thinks they missed. I hear from traders constantly who feel locked out of this one. Look where it is right now. You didn't miss anything. And the answer is not to rush into the open market and pay whatever it's trading at today, because I don't know where the bottom is in this thing and neither does anybody else. So I'm not guessing. I'm choosing my own entry point and getting paid a credit while I wait for the market to come to my price. If it comes to me, I own it lower than everyone who chased. If it doesn't, I keep the money.

The one that gapped hard this morning. A company with a long and ugly history, ripe with controversy and scandals, widespread throughout the firm. Preliminary numbers hit and it took off. I'm fading it, and I'm going further out in time to do it. The more it moves up, the better it is for me. Any opportunity I get to fade this marketplace, I'm going to take it.

I gave the exact strikes, expirations and prices on air this morning. All three of them.

Watch the full segment here.

To your success,
Don Kaufman

P.S. Tomorrow morning I'm going live and doing something I don't usually do on a free session. I'm walking through a position I actually have on right now, not a hypothetical, and showing brokerage statements on screen. 19 wins, zero losses, $12,789 on one unit. The trade collected over $1,300 in credit the day I placed it, and ThinkOrSwim put the probability on it at 99.87%. It runs in an IRA, works with around $10,000, no charts and no screen-watching. Four steps: alert, place, live your life, close. 

It's free, Thursday, 9:15 AM Eastern. Save your seat here.