Everyone chases trendy stocks and other stuff, which is why no one saw back-to-back triple-digit gains opportunities...
On Macy's, of all stocks.
Now, news recently broke that Amazon is going after Macy's iconic NYC billboard...
And it's easy to see why. According to Morning Brew:
"The chain (Macy's) crushed Q2 earnings and reported that digital customers accounted for 41% of its 5 million new shoppers last quarter."
As you'd expect, Macy's sued the company that owns the billboard space to stop this from happening. They claimed the lease barred that company from leasing to anyone else.
(Fun fact: they signed that lease in 1963… a few months before Bezos was even born… and years before the Internet's precursor (ARPANET) even existed!
But forget the news...
You see, JR spotted someone building a massive options position on Macy's ahead of earnings…
But JR didn't care about the earnings themselves… only the giant yet silent flow of capital from this mysterious investor.
And what do you know…
Macy's stock jumped overnight, giving us 150% gains in 24 hours!
Some of his Profit Flow Group members booked their profits right there. Not a bad payday.
But things didn't stop there. He saw more potential in Macy's, so he carefully repositioned himself and his PFG community for more potential gains.
Macy's had another good run over the next couple of weeks.
By the time JR exited the trade… the stock had run 41% in 41 days…
Delivering yet another 200% gain.
At best, his members had 2 opportunities for big profits. At worst, they held on and took that 200% gain.
Either way, that's a win...
And it's what happens when you filter out most of the news and pay attention to the hidden disruptions bubbling just below the market's surface.
Market Traders Daily Director of Client Services 888-228-2376
Disclaimer:Futures, forex, stock, and options trading are not appropriate for all traders. There is a substantial risk of loss associated with trading these markets. Losses can and will occur. No system or methodology has ever been developed that can ensure returns or against losses. No representation or implication is being made that using any of these methodologies or systems will generate returns or ensure against losses.
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