Kyle Dennis Dollar Ace Service 2020 Update
Yesterday we saw an unprecedented plummet in crude oil futures. The crude oil futures contracts that expired yesterday settled at -$37.63 per barrel.
You read that right… those futures prices closed at negative territory.
It’s something even the Wall Street veterans are scratching their heads and wondering about.
Why did that happen?
Kyle Dennis Trading Approach On Negative Crude Oil Prices
Well, those futures contracts were thinly traded and were set to expire. Kyle’s take is that there is little to no demand for oil right now due to the coronavirus pandemic… so much so that a buyer of those contracts would have to pay someone to take the barrels of oil off their hands.
That’s a signal to him that there is very little storage capacity out there as the glut of crude oil continues to rise. Not only that but negative oil prices cast a foreboding stormcloud that the coronavirus has damaged the economy.
Of course, low crude oil prices would benefit consumers… but who’s really even driving a lot these days, minus the essential workforce?
What Kyle really thinks happened with oil prices yesterday was a “long squeeze”.
Basically, the buyers of those contracts scrambled to get out because they didn’t want to take delivery of crude oil… so they just sold at any price they could get, leading to negative prices.
What Can You Do With That Information
Of course, you’re probably wondering, “What does this all mean and how is it applicable to my trading?”
Well, one piece of the puzzle is put together… but in order to take advantage of this, I would need to find a potential play.
For me, I love to look to my Dollar Ace strategy to try to figure out where the smart money is placing their bets.
One trade that came across my screen was a $461K bet in Energy Transfer LP (ET) — a diversified midstream energy company that transports, stores, and terminals oil and gas products.
Why was this trade so interesting to me?
Well, someone came in and purchase 2,000 July 20 $4 calls for about $2.30 per contract, when the stock price was around $6 a share. In other words, those were deep in-the-money (ITM) calls.
Why would someone buy the call options instead of buying shares of the stock outright?
Leverage because they would’ve had to pay $1.2M to buy 200K shares of ET outright, but by purchasing those call options… they only had to pay a fraction of that, just $461K.
Could the trader be looking for a massive move in ET… or do they know something that everyday traders don’t?
Who knows… and only time will tell.
There is an interesting chart setup in ET right now. If you look at the daily chart below ET, there’s a bull flag formation.
From my experience, stocks typically breakout when it forms this pattern… and right now, there’s room all the way to about $8.50, and if ET breaks above that, it could potentially fill the gap.
The thing is… I didn’t take this trade.
It simply didn’t fit into Kyle’s Dollar Ace trading system, but I found this setup so interesting that I needed to share it with someone.
Kyle Dennis Dollar Ace focuses on buying out-of-the-money (OTM) options that may look like wild bets to the untrained eye. More specifically, it looks for options priced under $1 that are set to expire worthless, unless there’s a catalyst.
To teach you how to find these trades, Kyle Dennis offers you Dollar Ace Masterclass.
I believe it can open you up to a whole new world of trading opportunities.
What to Expect From Dollar Ace Program?
Started investing in the stock market about 6 weeks ago and joined this service and it has been very beneficial to my portfolio!!!
I have to say, Kyle really knows how to explain everything in his videos.
I have surfed the internet looking for a teacher/mentor. I am happy to say that I came across one.
He is a down to earth guy and his main goal is to have EVERYONE succeed in the trading world. I’ve been using Dollar Ace for only 6 weeks and I have already have had two big profits (60% and 110% gains).
Those gains covered the cost of the program and then some!
I truly hope you consider watching his videos and giving this a shot. I am very excited to see what I will be making 4 weeks from now. I teach full time.
With this virus, I am stuck home doing online teaching.
Here I am, taking advantage of the time being home and learning something new. My goal is to make a side income.
I am telling you, give Kyle a chance to help jumpstart your life in a direction! Good luck all and Happy Trading!
How to Get Started with Kyle Dennis Dollar Ace?
Kyle Dennis offers a free webinar explaining his Dollar Ace program. Kyle is transparent with his methods. He gives you a lot of information for free, so – to be easy for you to make an informed decision. As with Kyle’s other programs that he has offered over the years, Dollar Ace gives you the tools to turn a small trading account into large accounts in a short time.
How much does Dollar Ace Program Cost?
Three subscription options are available:
- 1 Year Membership for $1,499 .
- Dollar Ace (Normally $2,497)
- Priority VIDEO Alerts Via Email, SMS, Dashboard
- View Kyle’s LIVE Streaming Portfolio
- Lifetime membership for $2,499
What Are Dollar Ace Review + Past Results?
“I’ve been trading for 10 years and this service is great. I made just over $150,000s in 2019 trading part time. Kyle provides short and long term trades and will also throw in a watchlist of options trades from time to time with multiple trade ideas which is a GREAT!! bonus if you’re an experienced trader. The price of $2500s is CHEAP!!!! for a service like this. And with all of the leg work Kyle does for me on a daily basis is freakin awesome!”
“I joined Dollar Ace in Sept of 2019, in the first week, I had paid for the yearly subscription. The fluctuations in my account have gone from drastic to minor and consistently upward by following his advice and strategies. I recently used a rebate offer from Raging Bull to upgrade to a lifetime membership. Well worth it in my opinion. Thank you Kyle for all your hard work.”