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Legged Spread With AbbVie Delivers Quadruple-Digit Gains

Last week, some War Room members locked in profits ranging from 1,350% to 3,700%.
That wasn’t a fluke…
It was the result of a unique type of trade that you may never find anywhere else. It’s called a “legged spread”…
Sounds weird, I know…
But hear me out…
A couple of months ago, I recommended members buy long-term equity anticipation securities (LEAPS) on AbbVie (NYSE: ABBV). The recommendation was for the $77.50 calls. Members bought in for $4.60. A couple of days later, AbbVie moved up about 5%.

Members’ LEAPS jumped by 20% to 30%…
This is what I told members in The War Room:
I have two …read more […]

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Trading Ideas

UPDATE 1-Twitter tightens bans on political ads and causes ahead of 2020 U.S. election

Twitter Inc on Friday said its political advertising ban will include references to political candidates or legislation, and it will not allow ads that advocate for a certain outcome on social and political causes. The popular social media site, which first announced its political ads ban last month, had not previously provided details on the new policy. Twitter said it will use a combination of automated technology and human teams to enforce the new ad policies. …read more […]

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Trading Ideas

'Joker' expected to cross $1 billion global box office milestone

Comic book movie “Joker” is poised to surpass $1 billion in global ticket sales on Friday, becoming the first R-rated Hollywood movie ever to overcome the milestone. “Joker,” a dark origin story from Warner Bros. about Batman’s arch nemesis, had sold $999.1 billion as of Thursday despite not having been screened in China, which is projected to become the world’s largest movie market next year. Starring Joaquin Phoenix as a mentally-ill loner who finds fame through a random act of violence, the movie earned warm reviews as it opened in early October but stoked controversy in the United …read more […]

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UPDATE 1-Oklahoma judge reduces Johnson & Johnson payout in opioid case to $465 million

An Oklahoma judge on Friday said Johnson & Johnson needs to pay only $465 million of the $572 million he previously concluded it owed the state for fueling the opioid epidemic through deceptive marketing of painkillers. The ruling by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by states, counties and cities seeking to hold drug companies responsible for the deadly epidemic. Following a non-jury trial, Balkman had ruled in August that Oklahoma had proven that J&J engaged in misleading marketing about the benefits …read more […]

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Trading Ideas

Oklahoma judge reduces Johnson & Johnson payout in opioid case to $465 million

The ruling by Cleveland County District Judge Thad Balkman in Norman, Oklahoma, came in the first case to go to trial out of 2,700 nationally by states, counties and cities seeking to hold drug companies responsible for the deadly epidemic. Following a non-jury trial, Balkman had ruled in August that Oklahoma had proven that J&J engaged in misleading marketing about the benefits of painkillers, and that their addictive risks caused a public nuisance in the form of the opioid crisis. …read more […]

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Business News

Cowboys owner Jerry Jones has a long-term game plan for Haynesville gas

At a time when companies in a U.S. natural gas field have been losing money and exiting Louisiana’s Haynesville shale basin, Dallas Cowboys’ owner Jerry Jones’ Comstock Resources is picking up cheap assets, betting on the field’s proximity to the growing U.S. Gulf Coast export hub.

…read more […]

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Cowboys owner Jerry Jones has a long-term game plan for Haynesville gas

Reuters on Wednesday reported that Comstock Resources is in talks to buy Chesapeake Energy Corp’s Haynesville shale assets in Louisiana. A deal would come just months after Comstock paid $1.1 billion to buy privately held Covey Park Energy to become the largest operator in the region. …read more […]