A Lithium Momentum Play and Booking a Pair of Triple-Digit-Percentage Option Gains

Nicholas Vardy

Nicholas Vardy has a unique background that has proven his knack for making money in different markets around the world.

An increasing number of momentum plays that pop up on my screens are coming from emerging markets.

This week’s Momentum Trader Alert recommendation is a stock that dominates the Chilean stock market. So far, Chile is the ninth-best-performing global stock market in 2017. By way of comparison, the U.S. stock market ranks 41st on that same list.

Sociedad Quimica y Minera de Chile S.A. (SQM) produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products. The company sells its products in more than 60 countries throughout the world. SQM is also the world’s largest producer of lithium. Strong second-quarter earnings have been behind the stock’s recent momentum.

Sociedad Quimica y Minera de Chile S.A. (SQM) versus the S&P 500 over three months

Momentum Trader Alert Analysis

Recommendation

Buy Sociedad Quimica y Minera de Chile S.A. (SQM) at market today and place your stop at $41.00.

With the stock rising sharply on Friday, I am holding off on recommending any options this week.

Portfolio Update

Sell your remaining CBOE September $90 calls for a 154.15% gain.

Sell your remaining AABA October $55 calls for a 132.56% gain.

China Internet play Momo Inc. (MOMO) stopped out on Aug. 22 at $40.37 for a 5.02% gain.

Asset manager Invesco plc (IVZ) stopped out Aug. 24 at $32.50 for an 8.36% loss.

Sincerely,

Nicholas Vardy

Nicholas A. Vardy

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