DJT options 09/09//24 near $1.60 – 5 days later $3.55 = 121% 

My Reasoning:

My Trade Plan Details:

• DJT Sept 20 $20 calls near $1.60
• Stop: Closes DJT below $17
  
• Target 1: $20
  
• Target 2: $25

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, I will use a fairly tight stop with a closing price under $17. That was the recent support from last week.

If things go my way, I think we could see DJT break above $20 soon and possibly even squeeze to $25 if things really go well.

As always, I aim to lock in 30-50% on my trades and ensure I secure a winner when possible. If the trend holds up, I also want to let some positions ride for a bigger win.

TSLA options 09/03//24 near $5 – 13  days later $19.53 = 290% 

My Reasoning:

My Trade Plan Details:

• TSLA Sept 20 $225 calls near $5.00
• Stop: Closes TSLA below $210
  
• Target 1: $225
  
• Target 2: $240

I am very cautious about the markets this week. Right now, things don’t look clearly bullish or bearish to me.

I am going to give the markets the benefit of the doubt and bet that we will see the uptrend continue soon.

While most of the stocks I am looking at are in downtrends right now, one large tech stock has been bucking this trend the last few days, and I think it can stage a short-term rally from here.

My Bullseye pick that I want to buy this week is (TSLA) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, I will use a fairly tight stop with a closing price under $210. That was the recent support from last week.

If things go my way, I think we could see TSLA break higher and retest the $225 resistance level from a couple of weeks ago, and possibly even $240 if it really starts to move.

As always, I aim to lock in 30-50% on my trades and ensure I secure a winner when possible. If the trend holds up, I also want to let some positions ride for a bigger win.

APP options 08/26/24 near $1.60 – 14 days later $17.71 = 1000%

My Reasoning:

My Trade Plan Details:

• APP Sept 13 $95 calls near $1.60
  
• Stop: Close APP below $87
• Target 1: $95
• Target 2: $100

This week, I am targeting a stock that I have been stalking for several weeks.  If you are a member of Bullseye Unlimited (by the way… only 28 seats left before thisincredible price is gone!) then you have seen me talk about this one a lot recently.

I think the trend will continue, and we could see a bigger breakout from these levels.

My Bullseye pick that I want to buy this week is (APP) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, I will use a fairly tight stop with a closing price under $87. That was the recent support from last week.

If things go my way, I think we could see APP could break out to new all-time highs again this week if the market strength continues.  That could lead to $95 or even $100 as upside target #2.

As always, I aim to lock in 30-50% on my trades and ensure I secure a winner when possible. If the trend holds up, I also want to let some positions ride for a bigger win.

LEN options 08//19/24 near $3.30 ($3.90 open) – 5 days later $10.85 =  228%

My Reasoning:

My Trade Plan Details:

• IWM Aug 2 $220 calls near $2.80
  
• Stop: Close IWM below $215
• Target 1: $224
• Target 2: $228

This week, I am still giving the market the benefit of the doubt that things will still climb higher.

I don’t see many charts that would suggest otherwise, but I am very cautious about opening new positions right now. This rebound rally for the market is getting extended, and I think a pullback could happen at any time… so be prepared for it!

While I think the market has more upside room to run, I don’t want to dive in to tech stocks right now.
With interest rates finally coming down, we are seeing a resurgence in home refinancing and also new home sales.

I am looking to buy my favorite homebuilder this week…

My Bullseye pick that I want to buy this week is (LEN) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, I am going to use a fairly tight stop with a closing price under $168. That was the recent support from last week.

If things go my way, I think we could see LEN approach its all-time high near $180 soon, and possibly even break out past that to $185 as target #2.

NVDA options 08/12/24 near $2.20 ($2.33 open) – 9 days later $18.60 = 698%

My Reasoning:

My Trade Plan Details:

• IWM Aug 2 $220 calls near $2.80
  
• Stop: Close IWM below $215
• Target 1: $224
• Target 2: $228

Coming into this week, I am still a little gun-shy, but I think the market can keep adding to the recent gains we’ve seen.

If that happens, I want to go with the leaders and not try to speculate too much with smaller momentum stocks.

When it comes to market leaders, we all know the one that stands above the rest…

My Bullseye pick that I want to buy this week is (NVDA) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out, then I am going to use a closing price under $97 as a stop, which is the recent low from the dip last week.

If this works out, I am looking for a move near $115 as target #1 and possibly even $120 as target #2.

Options up over 16% in less than 1 day

My Reasoning:

I am pretty optimistic about a market rebound this week, but it could also be very choppy.

We have a lot of economic data coming out, plus earnings reports from some of the biggest tech stocks in the world. They will likely decide the fate of the market, but that will come later in the week.

Today, I am focused on a stock that I really don’t like very much, but I have to respect its great trading pattern right now.

It is also a big piece of a sector that has been on the rebound lately.

My Bullseye pick that I want to buy this week is (EPNH) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

I will admit this isn’t the absolute best trend out there right now, and it might break down. If that happens, I am going to use a closing price under $115 as my stop limit on this trade.

If things go my way, I think ENPH could be headed to $130 as target #1 and possibly even $140 as target #2.

As usual, I plan to buy multiple positions on this and shoot for 30-50% gains if I can get them.

My Trade Plan Details:

• ENPH Aug 16 $125 calls near $4.20
  
• Stop: Close ENPH below $115
• Target 1: $130
• Target 2: $140

Options up over 157% in just 5 days

My Trade Plan Details:

• IWM Aug 2 $220 calls near $2.80
  
• Stop: Close IWM below $215
• Target 1: $224
• Target 2: $228

My Reasoning:

I typically don’t go after ETFs (which is a single trade that owns a basket of stocks in an index), but in times of uncertainty, I find this helps lower my risk.

Today, I am eyeing what is probably the strongest index in the market over the last couple of weeks.  The recent pullback has my attention, and I think we will see it resume the uptrend soon.

My Bullseye pick that I want to buy this week is (IWM) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out for me, I will look at a closing price under $215 as my stop loss, which has been a key resistance/support level from last week’s pullback.

If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.  

I know the IWM has already made a 10% move higher from the $200 level a couple of weeks ago, and this is late in the game on this epic rally.  I like it right now because it is starting to reverse off of the first meaningful pullback, which usually leads to another move higher.

I think the next move could retest the 52-week high of around $225, which printed last week.  

If that happens, there is a good chance we will see the high taken out and then a spike a few dollars higher, maybe to $228 after that.

Options up over 111% in just 2 days!

CVNA Options 7/15/24 near $3.60 – 2 days later $7.62 = 111%

My Trade Plan Details:

• CVNA July 26 $145 calls near $3.60
  
• Stop: Close CVNA below $127
• Target 1: $145
• Target 2: $160

My Reasoning:

The market continues to rip higher, but I have to say that this has been one of the more difficult trading environments I have seen in a long time.

The volatile swings in momentum stocks have been very tough to nail down.  There are no chart patterns to capture what has been happening.

Personally, I am sizing down on my risk for each trade at this time.  

It is crucial to use limit orders to take advantage of the price spikes to the upside, which sometimes only last a few minutes.

On the downside, I want to make sure I leave myself a bigger stop loss than normal and I’m willing to buy sharp drops in the price rather than get shaken out for losses.

While it is tougher than usual right now, I still think there are a ton of good looking trades out there.

Today, I am going back to an old favorite of mine.  I talked to you about this stock around a month ago when it was trading for $110.

Right now, it is around $136, and even though it has rallied 20% this month, I still think this stock can go a lot higher from here.

My Bullseye pick that I want to buy this week is (CVNA) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

f this trade doesn’t work out for me, I will look at a closing price under $127 as my stop loss, which has been a key resistance/support level over the last couple of weeks.

If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.  

On Friday last week, CVNA hit a new 52-week high just over $140, before pulling back a bit. I think the stock will power through that soon and hit at least $145 as target #1 for me.

If $145 clears, I think it is possible to see a spike to $160, which is where I have target #2.

Keep in mind that earnings are on July 31, so I am going with options that are only two weeks away from expiration.

Options up over 58% in just 2 days!

CRWD Options 7/08/24 near $6 – 2 days later $9.50 = 58%

My Trade Plan Details:

• CRWD July 19 $400 calls near $6.00
  
• Stop: Close CRWD below $378
• Target 1: $400
• Target 2: $410

My Reasoning:

Today, I am going after a very strong stock that has been crushing earnings estimates. It was recently added to the S&P 500 and is knocking on the door of a new all-time high. It is also closing in on a key level.

My Bullseye pick that I want to buy this week is (CRWD) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out for me, I will look at a closing price under $378 as my stop loss, which has been a key support level over the last couple of weeks.

If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.  

With the all-time high for CRWD hitting around $394 a couple of weeks ago, I think a break above that level again will propel the stock to $400+, which is the target price I am aiming for.

If $400 clears, I think it is possible to see $410 soon as target #2.

CAVA options up over 55% in just 5 days!

CAVA Options 7/01/24 near $3.80 – 5 days later $5.90 = 55% 

My Trade Plan Details:

• CAVA July 19 $95 calls near $3.80
  
• Stop: Close CAVA below $89
• Target 1: $100
• Target 2: $110

My Reasoning:

Today, I am going after a previous winner from a couple of months ago.

In fact, I have alerted this stock a few times and have had a lot of success in the past.

I last told you about it in early June, when the stock was trading at $72.

Today, the stock is around $92… and I still think it is going higher!

My Bullseye pick that I want to buy this week is (CAVA) calls.

My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price, which I list below.

If this trade doesn’t work out for me, I will look at a closing price under $89 as my stop loss, which has been a key support level over the last couple of weeks.

If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.  

With the all-time high for CAVA hitting around $97 a couple of weeks ago, I think a break above that level again will propel the stock to $100, which is the target price I am aiming for.

If the all-time high is taken out again, then I think the stock could soon rise to $110+.