VST Options 6/17/24 near $2.60 – 3 days later $3.10 = 19% 

My Trade Plan Details:

• VST June 28 $90 calls near $2.60
  
• Stop: Close VST below $84
• Target 1: $95
• Target 2: $100

My Reasoning:

I don’t think I am ready to start betting against stocks, though. This is still a very strong market, and it should be easier to find stocks with a bullish upside ahead rather than trying to bet on breakdowns.

This week, I am going back to a stock I picked in April this year, and it performed really well.

It has been one of the strongest stocks in the entire market over the last year, and with a recent 20% pullback, I think it is showing signs of building strength once again.

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

I also had several “backup” ideas that were very close today I’ll share with you in the 11am session today in the Market Master’s Room – so make sure you’re there!

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 $84 as my stop loss, which has been a key support level over the last couple of weeks.

If this trade works as I hope, then I think we could see VST hit $95 as target #1 in the coming week and possibly even $100 before these options expire in 2 weeks.

During the day though, I would be very happy to secure gains of 30-50% on a bigger position, as usual.  If I can do that, I don’t mind holding a smaller size for a few more days and try to score larger gains. 

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