I’d like to share with you a great trade that we just pulled off inside The War Room – because this is a trade that’ll have major profit implications leading up to the moment SpaceX sets an official IPO date.

Here’s the breakdown…

To start, one of my favorite CBOE trading mentors used to repeatedly tell me that when it comes to trading, “I’d rather be lucky than good.”

It’s something that’s stuck with me my entire career.

Of course, being lucky requires putting yourself in the right position to be lucky – and that in and of itself is an artform.

But when it comes to my trading, research, and recommendations, this is what I’m always repeating in the back of my mind.

And last Friday, we were in position to be lucky.

It all begins with EchoStar Corporation (SATS).

You probably think of SATS for their programming services under the DISH and SLING brand names.

But, here’s the secret…

They own $2.6 billion of SpaceX stock – making SATS a fantastic trading proxy for this upcoming IPO.

So, when the news broke late last week that we could see a potential SpaceX IPO in the upcoming month, shares of SATS popped very aggressively.

And since we were positioned on calls, we went along for the ride.

You can see the stock rection below – and how some War Room members doubled their money off this move.

YOUR ACTION PLAN

There could be more upside to SATS in the coming days – all with the major SpaceX IPO date as the trigger. A re-test of $130 looks possible, so consider this a buying opportunity on any coming dip. The instant a new trade opportunity happens, I’ll post the trade inside The War Room.