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Virgin Galactic Holdings (SPCE) was one of the hottest stocks on Monday after it skyrocketed and closed 25% higher.

Options traders were jumping into calls left and right, and more than 274K calls traded…

I looked at my “smart money” scanner to see if there were any specific trades that looked interesting, and there were two specific orders that looked interesting.

I want to show you how I locked in a 50% winner in less than 30 minutes, SPCE on Tuesday morning…*

 

 

Can SPCE Take Off From Here?

 

Although SPCE wasn’t popping off as it did on Monday, I think we’re going to see a run higher very soon.

Why?

Well, let’s turn back the clock a bit.

Shares of Virgin Galactic Holdings (SPCE) ripped higher on Monday, gaining nearly 25% and closing at $20.51.

All thanks to a very bullish note that Bank of America sent out to its clients

 

 

And you know what else?

Options traders were in a frenzy, as more than 274K calls traded.

In between all that action is information.

On my Dollar Ace Watchlist on Tuesday in the pre-market hours, I included this options activity:

2035 SPCE Oct. 2 $22 Calls For $0.50

They Paid $101,750 In Premium

Of course, that action happened on Monday, and I figured I can find a better entry than those call buyers.

At 10:22 AM ET, those calls came in a bit from the closing price on Monday.

I decided to follow the “smart money” into the trade, and I bought 100 SPCE Oct. 2 $22 calls at that price.

In less than 30 minutes, those options exploded from my entry price, and I locked in about a 50% win.*

 

 

Listen, that wasn’t the only activity that stuck out to me that indicates SPCE may be headed higher.

For example, at 10:44 AM ET on Monday, a trader came in and bought

1478 SPCE Oct $23 Calls

They Paid $1 Per Contract

For A Total Premium $148K

But that’s not all…

This trader paid above the market’s asking price.

That’s how badly they needed these options.

At the time of the trade, SPCE was trading at $20.09.

I’m going to keep an eye on SPCE, even though I locked in a 50% winner on the options play already.

It’s pretty easy to see that it’s possible to effortlessly generate trade ideas. Allow me to show you how I let the “smart money” and Wall Street whales do most of the heavy lifting for me

And how I legally take their best ideas and turn them into monster gains.*

Register for this exclusive training workshop.

Let me show you how to start following “smart money”.

 

*Results presented are not typical and may vary from person to person. Please see our full disclaimer here: ragingbull.com/disclaimer

 

Author:
Kyle Dennis

Straight outta college Kyle Dennis taught himself to trade, and then made over $7 million in trading profits by the time he was 28 years old. Kyle reveals how to find, track, and profit from lucrative trades for exceptional profits. Thousands of traders follow him every day to learn how to target these high probability trades.

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