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Options Action Fridays — Take Profits on SMH Now (Plus, a New 80x Opportunity)

Written By Sean McCloskey

Posted July 2, 2021

Last Friday, June 25, for the inaugural trade in our Options Action Fridays series, I recommended you buy a VanEck Vectors Semiconductor ETF (NASDAQ: SMH) July 2021 $260.00 call(s) that expires on July 23, 2021.

This trade has played out perfectly for us, and we sold our SMH call for a nice 56% gain in Tuesday’s issue. But if you missed that sell alert, you still have a chance to cash out for a nice profit. 

The share value of SMH surged faster than I expected. As I type, the ETF is trading right around $260.

This means our call option is almost “in the money” and by the time you read this, our call option on SMH should be “in the money.” 

It doesn’t pay to chase, and if you missed out on the max gain on Tuesday, you still have the chance to profit, so let’s sell now.

Here’s how this will play out.

By selling our VanEck Vectors Semiconductor ETF (NASDAQ: SMH) July 2021 $260.00 call(s) at market today, you should be able to lock in a premium of around $445 per option contract. Since our purchase of the SMH call option only cost $335 per contract, we will walk away with a gain of 32% and a net profit of $110. 

But that’s not all. 

I have another investment potentially offering fast-moving investors the chance at over an 8,000% return to tell you about.

There’s More to Electric Vehicles (EVs) Than Tesla

It’s no secret Tesla Inc. (NASDAQ: TSLA) paved the way for EV technology in ways no other car company could have thought possible. Investors who grabbed an early stake in it have made a killing. 

Part of the secret sauce behind Tesla’s success is its maverick CEO and founder, Elon Musk. 

Musk’s enigmatic personality is a main reason people believe in Tesla, both as a product to own and as a company to invest in.

A young company like Tesla needs a leader like Musk — someone who keeps the company name in the headlines and still seems to connect personally with the masses, turning a curious public into Teslaphiles.

My best friend is one. 

Now don’t get me wrong. When I visit my friend in Los Angeles, I thoroughly enjoy cruising down Hollywood Boulevard or Abbot Kinney in Santa Monica in his tricked-out Model 3.

And I do like Elon Musk a lot. He’s doing a lot of positive things for the betterment of humanity. But I don’t think of him as some demigod like others do. Musk isn’t always right about everything! 

Heck, I don’t even think he’s the “most right” about some of the things he’s right about… And more to that, I don’t think Tesla is the only EV play in town for investors.

Especially at the price point Tesla’s at today. 

How many more times can this stock double? Can it hit $2,800 in the next five–10 years? That’s a big ask.

The big gains in Tesla are a thing of the past. I understand it hurts knowing you missed out on this opportunity, especially after your friends and coworkers all made a killing when they bought in and you didn’t.

***Begin your journey on the NEWEST EV investment of our lifetime by clicking here right now.*** 

Take a breath, though; it’ll be OK. As I said earlier, there’s more than one way to earn stacks of cash in EV investing.  

The “Apex Charger”

There’s a problem with Elon Musk’s EV-only vision. The infrastructure to support a world that almost exclusively uses EVs is nonexistent. Current efforts to change this are already falling behind demand for EVs. 

It’s arguably the biggest problem holding back the EV revolution. We’ve overcome the first problem, which is making the world aware of and in favor of EVs, but the second problem — mass adoption — is a more daunting one.

People want to drive EVs but with the lack of infrastructure, folks have too many worries about their ability to go where they need to go when they need to. 

It’s a fair concern. Most EVs have a range of about 300 miles, and if you’re off the beaten path, good luck trying to find a charging station.

The reason I bring this up is because there’s a new technology that could put those fears to rest and spur the wave of mass adoption at any moment. 

As this new “Apex Charger” takes over the EV infrastructure market, the company behind the technology could soar in value. Currently, this company is projected to bank upward of $2.4 billion in annual sales.

And with the U.S. government’s plan to build up to 500,000 new EV charging outlets as part of its $1 trillion infrastructure deal, this should trigger a massive increase in EV ownership and subsequently even more demand for the “Apex Charger.”

Now, you have the chance to get in on the ground floor. 

To get started on your way to owning what could be the next-best EV stock after Tesla, click here right now.

I wish you all a happy Fourth of July.

To your wealth,

Sean McCloskey
Editor, Energy and Capital

follow basic@TheRL_McCloskey on Twitter

After spending 10 years in the consumer tech reporting and educational publishing industries, Sean has since redevoted himself to one of his original passions: identifying and cashing in on the most lucrative opportunities the market has to offer. As the former managing editor of multiple investment newsletters, he's covered virtually every sector of the market, ranging from energy and tech to gold and cannabis. Over the years, Sean has offered his followers the chance to score numerous triple-digit gains, and today he continues his mission to deliver followers the best chance to score big wins on Wall Street and beyond as an editor for Energy and Capital.

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