When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.
TRADE ALERT - (BLK) - BUY
Buy the Blackrock (BLK) December 2024 $950-$960 in-the-money vertical bull call debit spread at $8.60 or best
Opening Trade
11-20-2024
expiration date: December 20, 2024
Portfolio weighting: 10% weighting
Number of Contracts = 12 contracts
If you can’t do the options, buy the stock. The options for this name are fairly illiquid.
It is hard to imagine an industry that will benefit more from the current industry than the fund management industry. You get a hockey stick effect on earnings as share prices rise, management fees rise and more money flows into fund managers.
Blackrock is the world’s largest fund manager with $13 trillion in assets under management. (BLK) will also benefit immensely from the coming deregulation trend.
Therefore, I am buying the Blackrock (BLK) December 2024 $950-$960 in-the-money vertical bull call debit spread at $8.60 or best.
DO NOT USE MARKET ORDERS UNDER ANY CIRCUMSTANCES.
Simply enter your limit order, wait five minutes, and if you don’t get done, cancel your order and increase your bid by 10 cents with a second order.
Do not pay more than $9.40 or you will be chasing.
If you live in a foreign time zone when the US stock market is closed, such as Australia, or don’t want to sit in front of a screen all day, simply enter a spread of Good-Until-Cancelled orders overnight, like $8.60, $8.70, $8.80, $8.90, and $9.00. You should get done on some or all of these.
BlackRock, Inc. is an American multinational investment company. It manages a staggering 506 equity funds and 316 fixed income funds. (BLK) is headquartered in New York City, has 70 offices in 30 countries, and clients in 100 countries.
BlackRock is the manager of the iShares group of ETFs. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services.
To learn more about Blackrock, please their website at https://www.blackrock.com/us/individual
Here are the specific trades you need to execute this position:
Buy 12 December 2024 (BLK) $950 calls at………....…$86.00
Sell short 12 December 2024 (BLK) $960 calls at…….$77.40
Net cost:………………………….……….………................……$8.60
Potential Profit: $10.00 - $8.60 = $1.40
(12 X 100 X $1.40) = $1,680 or 16.28%
If you are uncertain on how to execute an options spread, please watch my training video by clicking here.
The best execution can be had by placing your bid for the entire spread in the middle market and waiting for the market to come to you. The difference between the bid and the offer on these deep in-the-money spread trades can be enormous.
Don’t execute the legs individually or you will end up losing much of your profit. Spread pricing can be very volatile on expiration months farther out.
Keep in mind that these are ballpark prices at best. After the alerts go out, prices can be all over the map.
