Trade Of The Week: SPCE

Options Portfolio Manager – Investors Alley • Jan 18, 2021 at 8:06 AM EST

Virgin Galactic has been a popular stock this past year, but it got a huge boost this past week. SPCE jumped 20% on news that ARK Invest will be creating a new space ETF.

Virgin Galactic (SPCE) has been a popular stock this past year, but it got a huge boost this past week. SPCE jumped 20% on news that ARK Invest will be creating a new space ETF. ARK ETFs are quite heavily traded, so being added to any of the ETFs is generally a boon for the companies selected.

SPCE is focused on commercial space flight and research and is certainly a speculative company to invest in. However, plenty of traders have loaded up on SPCE calls – which tends to be a bullish signal – especially after the ARK news.

Video Length: 00:04:46

Disclaimer:

Information contained in this email and websites maintained by Investors Alley Corp. ("Investors Alley") are provided for educational purposes only and are neither an offer nor a recommendation to buy or sell any security, options on equities, or cryptocurrency. Investors Alley and its affiliates may hold a position in any of the companies mentioned. Investors Alley is neither a registered investment adviser nor a broker-dealer and does not provide customized or personalized recommendations. Any one-on-one coaching or similar products or services offered by or through Investors Alley does not provide or constitute personal advice, does not take into consideration and is not based on the unique or specific needs, objectives or financial circumstances of any person, and is intended for educational purposes only. Past performance is not necessarily indicative of future results. No trading strategy is risk free. Trading and investing involve substantial risk, and you may lose the entire amount of your principal investment or more. You should trade or invest only "risk capital" - money you can afford to lose. Trading and investing is not appropriate for everyone. We urge you to conduct your own research and due diligence and obtain professional advice from your personal financial adviser or investment broker before making any investment decision.