The market has been taking a bit of a dive recently and volatility is starting to increase (which we like as volatility based traders!)
But here is a stock with super high volatility (for no apparent reason that I'm aware of) and near its annual lows.
As a trader, that is all I care about. So as a contrarian, I'll bet the stock drifts upwards over the next month and we'll look to close this trade prior to Earnings on 9/11.
Hopefully, by that point we will have ourselves a winner :)
Watch the video to get the details.
Kal
Trading Risk Disclaimer
All the information shared in this video is provided for educational purposes only. Any trades placed upon reliance of SharperTrades.com are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, commodities, options and forex, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. This is not an offer to buy or sell stocks, forex, futures, options, commodity interests or any other trading security.