This NBA Team’s Disastrous Year Could Be Your Wallet’s Best One Yet

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The National Basketball Association – better known as the NBA – is one of the biggest franchises in America. It has more viewers than both Major League Baseball (MLB) and the National Hockey League (NHL), and it continues to grow every single year.

This past season, the average NBA team was worth $1.9 billion. That’s up over 13% from last year and three times the average from five years ago.

At the top of that list is the New York Knicks, worth over $4 billion, as the second most valuable sports franchise in the country.

But on June 20, 2019, the NBA draft ended in disaster for the Knicks. The results could tear the entire franchise apart – and even take investors’ portfolios down with it.

But there’s a way to make a fortune off of the number one NBA team’s epic downfall…

And all you need is this strategy…

How to Rake in Cash While the Knicks Implode

Kevin Durant is arguably the best player in the NBA right now – and he just signed a $164 million deal with the Brooklyn Nets.

Ever heard the saying “one man’s trash is another man’s treasure?” Well, it works the other way around, too. This great news for the New York City borough is a catastrophe for the team’s crosstown rival, the New York Knicks. And shareholders of Madison Square Garden Co. (NYSE: MSG), the company that owns the Knicks, are about to feel the pain.

You see, the Knicks have been losing their luster for a while now. The team hasn’t been in the NBA finals since 1999, and they haven’t won the championship since 1973. Last season, they even had the worst record across the entire NBA.

Now, this losing record wasn’t necessarily the end-all be-all for the Knicks. Instead, it gave them a high chance of winning the first pick in the NBA draft lottery back in May. Fans and investors alike had high hopes that the first pick would give the team Duke University player Zion Williamson – one of the best college basketball players in history. With Williamson, the Knicks could fight their way back up to the top.

But then, in a surprising upset, the New Orleans Pelicans won the first pick with only a 6% chance. The Knicks received third choice, and it all went downhill from there.

Since the draft lottery in mid-May, shares of MSG have fallen by 8%. And shares of MSG Networks Inc. (NYSE: MSGN), the network that airs Knicks games, are down 10%.

It was extremely important for the Knicks to hire high-profile players after they lost the lottery. But after Williamson went to the Pelicans and Durant went to the Nets, any leftover hope for the franchise was dashed. And on Monday, MSG shares fell 1% while MSGN went down 2.5%. The broader market was surging, but these Knicks companies just couldn’t keep up.

The NBA’s 2019-20 season will start sometime next fall, and things aren’t looking good for the Knicks – or MSG shareholders, for that matter. If shares fell 8% before the season even started, then they’re likely to drop even harder and faster once the Knicks start losing.

But you can actually play the team’s downfall to your advantage – even if you’re the Knicks’ number one fan.

Because with the power of options, you can rake in some serious cash on MSG while the stock plummets – all you need is a put.

A put option gives you the right to sell a certain security at a specified price by a specified date. More importantly, it allows you to profit off of a stock while it falls.

Let me give you an example…

In May of this year, my readers bought a June 7 $32.50 put on AT&T Inc. (NYSE: T). At the time, T was trading at $32.33 – and my radar was showing me that the stock was about to drop.

The put gave my readers the right to sell T at $32.50. So the next day, when the stock dropped to $31.91, we sold our put and cashed in…

And took home a 104.65% profit in just 24 hours – all on a falling stock.

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All told, folks who take part will have the chance to make $160,000 in just eight weeks.

Naturally, when we’re talking about profit potential like this, it’s hard to keep quiet.

And while Power Profit Trades readers got a first look, my publisher has asked that I open this opportunity up to everyone first thing tomorrow.

When that happens, I suspect spaces will fill almost instantly.

That means if you want to take part, today may be your last chance to do so.

So if you want the chance access the same tools and strategies that built my fortune…

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I hope you’re able to do so in time.

Enjoy your holiday weekend,

 

 

 

Tom Gentile

America’s #1 Pattern Trader

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