Trend Signal Now: Two Banks and 4x Gains

Thursday, April 16, 2026

Welcome to The Strazza Letter, a free note with market insights from me, All Star Charts Chief Market Strategist Steve Strazza.

This is how we doubled our money on two big banks — back-to-back.

While investors were in full panic mode, we were loading up on the financial sector leaders.

The thesis was simple: financials were deeply oversold, sentiment was washed out, and the charts were setting up for a violent snap-back. We also liked having potential earnings catalysts before expiration.

Our first move was taking a shot at the leader of the group:

Believe it or not, that’s Citigroup $C:

Citigroup had been carving out a rounded bottom for weeks, and on 3/24, we bought the $C 4/17 $120 calls for $2.35 — just as price was breaking back above the cycle high VWAP with authority.

The Strazza Indicator was curling higher, suggesting volatility expansion was underway. Our bet was that the move would be higher as the Takeoff Meter was firing a bullish signal.

And it was– the stock quickly ran back toward its highs.

In a matter of two weeks, we sold half at a double for $4.70 — locking in profits and putting the rest of the position on a free ride.

Those calls continued to run, achieving gains of over 400%.

Then we redeployed some profits into Bank of America $BAC.

BAC was telling the same story. A basing pattern was forming, our Strazza Indicator highlighting volatility expansion was beginning to curl up, and the Takeoff Meter fired three straight bullish bars — just the confirmation we needed.

When the stock reclaimed VWAP on 4/6, we jumped in and bought the $BAC 5/1 $52 calls for $0.84.

Two days later, we sold our calls for a double — same playbook, same outcome.

Those calls have now delivered gains of over 300% and we still have two weeks until expiration.

This is the Wave Trader system working exactly as designed. We identify the setup. We nail the entry. We sell half at a double, so we literally cannot lose. And then we let the rest run.

Back-to-back doubles in the biggest banks in the world. In days, not months.

And now? We're rotating those profits straight into the next trade.

Today, we pulled the trigger on another one of the Big 6 Banks. Same sector. Same setup. And the move is just getting started.

Don't sit on the sidelines for this one. Join us with a free trial to Wave Trader today! — and get all the details on today’s bank trade.

Steve Strazza | Chief Market Strategist, All Star Charts

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