Dollar Ace Program Latest Trades (2020)
As I sat down at my desk and reviewed my trades… looking for ways to tweak my Dollar Ace strategy – I came across a very interesting options trade in Beyond Meat (BYND).
An options trader came in and swept up $92K in BYND calls, a seemingly long-shot bet that was doomed to be worthless… at least that’s what many would think.
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That’s right… at the time, a Wall Street whale came in and bought options — $92,000 worth of options destined to go to ZERO in less than a few days — that is, unless that stock MOVED.
I’ve been following the largest players in the options game for quite some time now, and I know these long-shot bets actually signal a large potential move. The smart money doesn’t just throw down massive bets like that just to gamble… they may know something.
Kyle Dennis Dollar Ace Review – How Dollar Ace Program Works?
Dollar Ace follows the real money players… those traders and insiders who risk it all to make a fortune — the type that put their money where their mouth is.
Let me show you how it all works…
If you were searching for trade ideas and where BYND could head… you would’ve been hard-pressed to find them if you listened to the talking heads on T.V. or read the financial media.
The financial news outlets had a field day, trying to figure out where BYND could head to next…
There was a slew of bearish headlines prior to that trade… as they praised Beyond’s demise.
After all, the stock was 60% off its 52-week high of $239.71 per share just a few weeks ago.
Not only that, shares were stuck in a tight range between November and December.
Of course, with a stock that was as beaten down as BYND… it was easy to bully. However, once I saw that baller throw down a massive options bet, I knew something was up.
An Inside Look At The $1.7M Winner
To the naked eye, it may have appeared like a gamble… but I still took the trade.
First, my Dollar Ace options scanner spotted some heavy call buying action in BYND — and I simply couldn’t ignore that order flow.
Second, the chart was a “screaming buy” to me.
Check out the daily chart in BYND when I was eyeing the trade. The stock found support around $70 and held at that level… and bounced around the two blue horizontal lines.
When I see a stock like BYND get crushed and consolidate, then hold at a key support level, it signals to me it could retest the upper-end of the range. Not only that, but if BYND broke above that resistance level, it could’ve made a monster move.
Kyle Dennis Dollar Ace Service – Dollar Ace Picks (2020)
Well, here’s what happened with BYND just a few days after I got in…
And with just a few days until expiration— THE MOVE HAPPENED.
The thing is… if the baller trader would’ve held until the expiration date… those 92 cent options would’ve been worth around $18.
In other words, that $92K wild bet would have turned into $1,710,000 in trading profits.
Of course, I missed out on potentially multiplying my money by 18 fold… but when you’re in the moment, a 33% winner is not something I would just let ride. So I’m not mad about the actions I took, instead, I took the win and used it as a learning experience.
The thing is… I wasn’t the only one feasting from the trade.
Kyle Dennis Dollar Ace Strategy Review | Dollar Ace Update (2020)
So were plenty of Dollar Ace subscribers.
If you really want to easily follow the smart money and spot trades like the one in BYND, Dollar Ace is the closest thing you’ll get to plug and play.
My scanner does all the hard work. I interpret the action and then send out the alert.
It’s really that simple.
The confidence in the trade doesn’t come from someone’s opinion… it comes from real money ballers who have a lot more at stake than you and I do.
[Ed.note: Kyle Dennis runs BiotechBreakouts.com. He is an event-based trader, who prefers low-priced and small-cap biotech stocks.