- The NCAA Men’s Basketball tournament narrowed the field down to the Final Four teams this past weekend, but those games were
nothing compared to the volatility we’ve seen in our OptionsZone March Madness Trading Contest.We’ve selected our Final Four based on the highest percentage gainers of our Sweet 16 trades as of the close of market on Monday,
March 30. One of these four traders will be crowned the National Champion on April 6 — and take home the $1,000 grand prize.With the recent market rally, it makes sense that the majority of our Final Four trades are call options, but the leader is
actually a put option on a major bank. And since the top four trades were selected, one of the trades actually went from triple-digit
gains to being underwater by more than 75%.It just goes to show you that with the volatility we’re seeing in the market, it’s still anyone’s game!
Here are the OptionsZone March Madness Final Four trades…
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Trade #4: CME June 300 Call (CMEFC)
“The stock market is in rally mode, and people are afraid to miss this move. This will bring increased trading volume and
gives an upbeat look at stock market futures. This bodes well for brokers and CME.” — Trade submitted by shmid.Our fourth-place trade entered the Sweet 16 as the No. 1 seed, generating a 182.61% profit in just three days of trading.
It entered the Final Four with an 89.13% return.
Want some more trading ideas? Check out 10 NCAA Tournament
Stocks to Trade and 10 Stocks ‘On the Bubble’ to Trade.
And for the latest trading results, view the current
leaderboard.
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Trade #3: BKE April 25 Call (BKEDE)
“Just a hunch — from a climbing positive sentiment.” — Trade submitted by motionH20.
Our third-place trade entered the Sweet 16 as the No. 14 seed, generating a 62.16% profit in just three days of trading.
It entered the Final Four with a 100% return.
View the current leaderboard for the latest trading results.
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Trade #2: APOL April 90 Call (OAQDR)
“My trade is a buy on 90 calls for Apollo. I think that when they have earnings at the end of March, the stock will reach
a new high — previous 52-week high is $90. I think earnings will take the stock over $100.”– Trade submitted by
juliecav.Our second-place trade entered the Sweet 16 as the No. 6 seed, generating an 86.96% profit in just three days of trading.
It entered the Final Four with a 160.87% return.
View the current leaderboard for the latest trading results.
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Trade #1: JPM April 5 Put (JSAPP)
“The market isn’t finished bringing this one down.” — Trade submitted by HM.
Our top trade entered the Sweet 16 as the No. 3 seed, generating a 100% profit in just three days of trading.
It entered the Final Four with a 200% return.
Is JSAPP still the top-rated trade? Find out here.
These “Final Four” traders are OptionsZone readers just like you. Ever wonder what your fellow options
traders are doing, and how and why they are doing it? Discover 10
secrets to successful options trading here!
