Here at Breakout Multiplier, we're all about booking big gains—and our Peloton $PTON play just hit it out of the park.
A month ago, we scooped up the 11/15 $7 calls for a cool $0.16.
By October 18th, we'd already sold half for a triple. This set us up to let the rest ride into earnings, while already securing a profit on the full position.
In other words, if the remaining calls went to zero (which they did not), we still made money on this trade.
Today, Peloton's ripping, up over 30% on the heels of earnings, and our calls are going through the roof, trading as high as $2.00 in today’s session.
That’s right—a 12-bagger, a whopping 1,000%+ return!
With the election right around the corner, we think banks are offering an extra spicy setup.
Bank of America $BAC is the perfect vehicle to express a bullish thesis on this theme.
The primary trend has recently shifted higher, and price has been consolidating in a triangle since it peaked back in July.
Our volatility squeeze indicator (weekly) has crossed higher off an extreme low, suggesting some big momentum could be coming.
If we get a valid resolution from this multi-week coil, the follow-through move should earn us a quick double.
And then we’ll have the election reaction which will dictate whether we book a big gain on the remaining position.
That is why we are only going out to December with these calls. It gives us about three weeks to get the move we're looking for, and allows the election to be the catalyst for it before the theta decay window kicks in.
The Breakout Multiplier strategy is all about persistence and risk management.
Sometimes, the trades we put on take a few tries to materialize, with some losses along the way. But when you hit that one winning trade, it makes up for everything—often covering those earlier losses and more. That's the key to this approach.
Our recent persistence with $SOUN has paid off in a big way.
We put some calls on a few months back and they went to zero.
We liked the setup even more at this point, so we simply put the trade on again, this time, buying ourselves even more time.
After surging 18% yesterday, our 1/17/25 $7 calls are at a double.
It is time to secure some profits. We want to close half the calls and let the rest ride risk-free....