Tackle Today: The ❌ marks the spot
June 12, 2019
≈ Vote for the Stock of the Week on Instagram. ≈
I don’t know if you guys are aware of this but every Tuesday we running a Stock of the Week quiz on Tackle’s Instagram. It is very simple: go to Tackle Trading’ Instagram profile › click on the coin on the top left corner › choose the stock you want the coaches to analyze for you. The stock that gets voted the most is the winner and will be dissected by one of us.
Votes are opened this week for:
Urban Outfitters, Inc.
NASDAQ: URBN
Wells Fargo & Co
NYSE: WFC
United States Steel Corporation
NYSE: X
I already got my preferred stock: X. What happened to U.S. Steel over the last year is ridiculous. From the highs on July 2018 @ $38.89 to the 7th Circle of Hell on May 2019 @ $11.67, a –233% loss in price.
U.S. Steel is part of the Dirty Sexy Money list, released as part of the Tackle 25 2019 edition. It has always been a great candidate for cash flow strategies like the Naked Put and the Covered Call. But is it still?
Is it on a nice set up for a directional S.T.E.P. System trading?
Is it on a nice set up for selling puts in a bottom-fishing style?
VOTE X! Let’s hear what the Coaches have to say about the most recent dog in the financial markets. Follow and vote in your favorite stock HERE.
PS: Speaking of Tackle 25, tonight we are holding the June MasterMind Group meeting. Owners of the system are very welcome to participate.
Chart of the Day
1 year of suffering
And here’s poor U.S. Steel. Battered. Get on Tackle’s Instagram to vote for the Stock of the Week.
Video of the Day
Analysing a Naked Put vs Bull Put Spread
Coach Matt and Noah compare using a Naked Put vs a Bull Put Spread. They compare the pros and cons of each and talk about how traders should decide which strategy to use.
Today’s line up
Tales of a Technician
The Killer Combo for Options Sellers
Want a killer combination for eye-popping returns when selling premium? It’s very simple and easy to remember. I used it yesterday during a mentorship session to show a 60% return on a high probability short strangle trade. Some of you probably already know the combo. It’s not really a secret, unless you haven’t heard of it before. Now that I think of it, everything you don’t know is a secret.
Traders Lounge 11AM EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
The Coaches Show Replay
If you missed last night’s episode where Coaches Noah Davidson and Tyler Craig talked about Module 1 from the S.T.E.P. System or would like to watch it again, check it out here.
Tackle 25 MasterMind Group 8:30PM EST
Join and learn how to better use the Covered Call System with the Tackle 25 with Coach Noah Davidson.
Halftime Report 12:30PM EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Market Recap 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
Trading Justice Episode 325: Square Off
In this episode of the podcast, Matt and Tim play a game called ‘square off’ where they debate 8 different topics and Mark decides on who won the argument. Is the FED put in full force? Will they cut rates at or near an all-time high? Is the trade war easing down? Listen to the episode on the player below.
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