We’ve been on an absolute heater in our Jeff Zananiri Trading strategies, and on Crush the Open, my show with Lance Ippolito…
On last week’s Monday episode, I discussed going short on Goldman Sachs Group Inc. (NYSE: GS) when it was about $336 a share, and long Advanced Micro Devices Inc. (Nasdaq: AMD) when it was about $84… Check the tape!
Here we are, one week later, so let’s look at the results…
GS has fallen from $336 the morning of March 10 to a low of $302 this Friday morning. Looking at the $330 strike, March 17 put option, they were about $6.28 a contract last Friday, and they peaked over $30 today, March 17.
Folks, that’s a potential 380% gain.
Now let’s take a look at AMD over the same period…
Right after last week’s show, it was trading right around $84 a share. This morning, it reached a peak of just under $99. Looking at the $85 strike, March 17 calls… they were about $1.99. And today, they reached a peak of $12.05 by lunchtime on the East Coast. That’s a potential 500% gain!
Like I said, we are on a HEATER!
I say all this not to toot my own horn but rather to make the case that you can’t afford to miss Crush the Open at 9 a.m. ET every Monday and most Friday! For Lance and myself, our goal is to have fun and joke around a bit, teach everyone what we’ve learned in our many years of trading, and even discuss potential plays we’re looking at.
This is, of course, for informational and educational purposes only, and there is inherent risk in trading — so always trade at your own risk. How we manage risk is something we discuss constantly.
So what trades did we look at on today’s show? Check out the recording up top and find out!
In addition, we also discussed gold…. Lance is bullish while I’m not — yet… some stories from my old days coming up trading in the ’90s… and more!
See you at 9 a.m. ET Monday for Crush the Open! You can join our Telegram channel here!
I’ve been tweeting a lot more… charts, news reaction and general trading information, so be sure and give me a follow on Twitter @jeffzan.
You can also join my free Telegram channel, where I share market insights in real time throughout the week, articles, videos and more!
*This is for informational and educational purposes only. There is an inherent risk in trading, so trade at your own risk.
P.S. Focus Trading on 1 Hour of the Day
The rest of this year may be filled with opportunities to potentially win big in the markets…
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