Kyle Dennis looks for reasons why the market moves.
Recently that led him to look at what companies could benefit from riots and non-peaceful protests.
He came up with a few trades that he, and other RagingBull traders, were able to capitalize on! These included trades on Wrap Technologies (WRTC), Digital Ally (DGLY), and Axon Enterprise (AAXN).
In our interview, Kyle explains two fundamental tenets of his trading; catalysts and unusual options activity. Between these two components he has the basis of his approach. With these two components he has a way to target why stocks move.
With the opening up of Vegas casinos Kyle was able to score a 150% win on Penn National (PENN) and another 150% on AstraZeneca (AZN), with AstraZeneca’s catalyst positive news they gave at a cancer conference.
Catalyst events and watching unusual options activity. Catalysts are triggers. Unusual options activity are the pointers of what big money thinks about catalysts.