Hello there, fellow traders! It’s Barrie Einarson from Trade Ideas. The focus today? Our brilliant trade scans. Rather than our usual discussion on ‘what makes this trade great,’ we’re switching things up a bit to explore the power of an exceptional scan. The one taking the spotlight today? The ‘Abnormal Option Activity plus the 10-Day Daily Breakout’ scan which I fondly refer to as ‘Pepe’. So, let’s jump right in.
To Subscribe: https://go.trade-ideas.com/SHQ
Use Promo Code BARRIE15 for 15% off

The Birth of ‘Pepe’

You might be familiar with the term ‘Pepe’ if you frequent our trading room. Pepe is essentially the brainchild of one of our trading room community members, who ingeniously combined these two scans. The results have been nothing short of outstanding. This was initially a combination of two individual scans which were woven into a single powerhouse scan.

Over the past few weeks, I’ve monitored this trade scan and it’s safe to say, the anticipation of the results each morning has gradually become a highlight of my day.

“This is all I would probably do. I’m so excited about seeing this scan every morning now.”

Proceed with Caution

When using this scan, remember not to jump on any trade immediately. As is the rule of thumb with trading, always watch to see how it’s trading a bit before making a move.

Now, I’d like to take you through a couple that’ve caught my eye in particular.

(CIEN)

Our alert for CIEN came on at 9:50 and displayed a downward direction because our AI suggested a short. However, the market behavior dictated otherwise. From an initial value of $47, it climbed to a peak of $48.38 before experiencing any pull back.

(ALT)

The alert for ALT stumbled onto our radar at 10:01. There was some delay due to unmet filter values otherwise it might have shown up even earlier. Nevertheless, ALT’s price soared from the alerted value of $8.29 to touch $8.63.

Verint Systems (VRNT)

VRNT’s alert rang out at 10:30 at $28.37. It experienced a rather impressive leap to reach $29.71 before it began to pull back.

G1 Therapeutics (GTHX)

Our scan picked up on GTHX at 10:45 at a value of $2.80. The first climb took it upto $3.20 before it pulled back, then rose again to peak at $3.37.

Solid Biosciences (SLDB)

The last stock on this list, SLDB, broke into our watchlist at 12:16 at $4.80. The trading value rose sharply to hit $5.73, all before it pulled back.

Every single one of these, bar none, had excellent short opportunities. While we didn’t explore many of them due to the soaring market, they are worth keeping an eye on for future trades.

Summing Up

The market never sleeps, and every fresh day brings new possibilities and opportunities. And with this scan, I genuinely look forward to each new trading day.

This scan isn’t the only trick I’ve got up my sleeve, though. We’ve got a bunch more lined up! So, if you’d like learn more about the different scans we have available, come join us in the trading room.

Hope you all have a great weekend, and I’ll catch you bright and early on Monday morning. Until then, happy trading!