I’d prefer to share with you an awesome commerce that we simply pulled off inside The Battle Room – as a result of this can be a commerce that’ll have main revenue implications main up to date SpaceX units an official IPO date.
Right here’s the breakdown…
To begin, one in every of my favourite CBOE buying and selling mentors used to repeatedly inform me that in relation to buying and selling, “I’d quite be fortunate than good.”
It’s one thing that’s caught with me my complete profession.
After all, being fortunate requires placing your self in the precise place to be fortunate – and that in and of itself is an artform.
However in relation to my buying and selling, analysis, and proposals, that is what I’m at all times repeating behind my thoughts.
And final Friday, we had been in place to be fortunate.
All of it begins with EchoStar Company (SATS).
You most likely consider SATS for his or her programming companies beneath the DISH and SLING model names.
However, right here’s the key…
They personal $2.6 billion of SpaceX inventory – making SATS a incredible buying and selling proxy for this upcoming IPO.
So, when the information broke late final week that we might see a possible SpaceX IPO within the upcoming month, shares of SATS popped very aggressively.
And since we had been positioned on calls, we went alongside for the journey.
You may see the inventory rection under – and the way some Battle Room members doubled their cash off this transfer.
YOUR ACTION PLAN
There could possibly be extra upside to SATS within the coming days – all with the main SpaceX IPO date because the set off. A re-test of $130 seems to be attainable, so contemplate this a shopping for alternative on any coming dip. The moment a brand new commerce alternative occurs, I’ll publish the commerce inside The Battle Room.