This past week, there was quite a bit of options action in Square (SQ). SQ has been a popular stock over the past year or so as one of Cathie Wood’s largest holdings in her ARK funds. The company is known for its payment processing business and also for its buy-in to the cryptocurrency industry. SQ has received positive attention lately from analysts and financial news outlets for its expansion into international markets. One large block trade last week involved purchasing far out-of-the-money calls in September.
Last week was big for Bitcoin holders and traders. Bitcoin broke through $60,000 and then there was the Coinbase IPO - one of the most followed possibly since the botched FB IPO just under a decade ago. And there's even more to come, espeically for options traders. That's why I'm making trades on companies that are taking off and giving my readers outsized returns in what some call the best market ever for options traders. And they're doing it even with small accounts and little to no experience. It's like nothing I've ever seen. Click here to find out for yourself.
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