The options were up over 100%

Here’s how I traded it:

Here was my reasoning:

The stock I am most interested in right now is – DXCM.

Bull or bear market, this stock has been on a serious uptrend and I don’t think that will quit anytime soon.

Right now, DXCM is trading above the 200-day, 13-day, and 5-day moving averages and above the mid-point of the Keltner channel.

Incredibly strong action regardless of how the market has been trading lately.  I am betting this will continue.

DXCM rallied nearly 20% a month ago after posting strong earnings creating what I call a “flag pole” and has been building the flag since then.  I think it is about time to break out of this and hopefully move higher again.

If I am right, I want to look at $122 as my first target, which would be just under the recent level it stalled at after the earnings report.  After that, I think the $130 level makes sense, which is just under the high from the previous rally in early April.

If I am wrong, I want to use a stop loss under $109, which would be below the low prices we saw over the last couple of weeks.

I only want to start with a half-sized position so I have room to add to this around the $114 level, if it gets there.

The Options were up over 200%

Here’s how I traded it:

I made two trades on these contracts, put in about $9600 in total capital (all trades sent out to my members BEFORE I ever trade them) and then sold these for well over $9000 in profit just a few days later.

Not a bad week at all for old “El Jefe” here!

Here was my reasoning:

Of note, stocks that have been beaten down by the strong Dollar and high rates are in the early stages of making a comeback.  

Most notable to me right now are miners.  This is a great-looking reversal trend that has a good macroeconomic reason to continue.

If I like miners, then GDX is usually my go-to trade.  If I want to add some extra leverage to that trade then I go with NUGT, which is my trade idea for this week.

The miners made a significant bottom over the last 3 months.  They are just now breaking out above the recent range and closing in on the 200-day moving average.

Most trades completely gave up on gold and commodities in general over the summer. These stocks are up quite a bit already from those lows, but I still think they have room to go.

If I am wrong, I am looking at a close below $30 (which has been recent support) as a stop loss on the trade.

If things go my way, I think NUGT has range to $38, then near $42 (the 200-day moving average) as the two targets I will focus on to the upside. 

Hopefully, interest rates will continue to drop and the US Dollar will slide.  Those will both give a boost to the trade.

The options were up over 400%

Here’s how I traded it:

Here was my reasoning:

One of the most bullish stocks I see right now is CELH, and that is my Bullseye idea for this week.

CELH is an earnings winner and the stock rallied over 25% from the lows just a couple of weeks ago.  It is taking a little breather right now but I expect it to continue to move up soon. 

The stock is trading above the 200-day, 13-day, and is sitting right at the 5-day moving averages which are all extremely bullish.

I would like to buy call options on this stock all the way down to $92.  That being said, I will only be starting with a half-sized position today if I get filled on my order.  I want to save some ammo to buy more if the stock goes a little lower from here.

My stop loss will be a closing price below $85.  That has been a strong support level recently and if that fails, I will get out with a loss on the trade.

If things work out, I expect to see CELH break over $100.  My two upside targets are $102 and then $108.

The options were up over 320%

The news that META would be firing around 11,000 employees sent the stock higher. I took my 116% and left, although there was more than 320% available. On to the next one!

Here was my reasoning:

Now, today META is rallying in pre-market on news that they are planning to slash some of their bloated payroll.  This is one of the first positive steps I have seen them take for the business in a while. 

I want to see if META will dip a little after the open and that is where I plan to make my purchase.  I want to buy the $93 calls that expire on the 18th.  They closed around $2.60 on Friday and I am looking to buy them a little higher around $3.20 at some point today.

I think $100 is a nice, round number that is going to attract META on a rebound, so just south of that is going to be my target price.  If it crushes that, then I think around $5 higher is the next logical target I would look at.

If I am wrong, I want to use the recent low of $88 as my stop.  The stock tested that level 2x last week and if it breaks now, then I am going to get out of the trade.

The options were up over 130% in less than a week!

Here was my reasoning:

For this week, I am looking to stay on the short side of things and buy puts on TTD.

This stock had great earnings last quarter, but it has been under constant pressure since then.  There is a common theme with tech stocks that rely on advertising as their primary revenue stream, and a majority have been punished lately.

TTD has earnings coming on Nov 9th, so be aware of that if you decide to trade it. I typically like to be out of my trades prior to earnings announcements, but I just might make an exception on this one.

This trade checks a lot of boxes for me right now: TTD is trading under the mid-point of the Keltner channel, and it is under both the 200 and 5-day moving averages.

If I am wrong on this one, I will stop out for a loss if TTD closes above $58.

If things go my way, I plan to take profits near $50 and possibly even $45 if I am really lucky on this trade.

The TSLA puts I mentioned were up over 44% in the first hour of trade.

I’ve been bearish TSLA for a while now and that continued into this week. I thought that the pressure from the Twitter deal and operational issues were going to keep a lid on the stock’s upside potential for a while. Well, on Monday it was announced that TSLA would be slashing prices in China and it sent the stock cratering. The TSLA puts I mentioned were up over 44% in the first hour of trade. 

Here was my reasoning:

Now, since I am so bearish on the market right now, I want to go after the stocks that I think have the biggest immediate-term downside even if the market doesn continue to drift higher a bit more.

This week, I am going after TSLA to the downside.  I think the pressure from the Twitter deal and operational issues are going to keep a lid on the stock’s upside potential for a while.

If I am wrong, I will be looking to exit this trade with a loss if TSLA closes above $217 which is just above the 5-day moving average.

If things go my way, I think we will see TSLA crack below the $200 level this week and $198 is my first target on the trade.  If things really spiral, I think TSLA could see $190 soon.

I know trying to bet against TSLA really is stirring a hornet’s nest with traders. Make sure you join me today to get my full game plan on this stock plus the market in general.  We are in for a wild few weeks ahead, so buckle up! 

I’ve been bearish solar for a few weeks now. I really felt that too many people were hiding out in this space as the rest of the market was falling and that sooner or later the rug would get pulled. I finally pulled the trigger on the Idea Monday and FSLR tanked. Here’s what happened

Unfortunately I didn’t get filled. I had my order in at $5 but FSLR only got to $5.15. It then went over $10 in 1 day! 

Here was my reasoning:

This week, I am betting against one of the biggest stocks in one of the summer’s best sectors.  I think the air will continue to deflate from solar stocks and FSLR in particular.

In early October, FSLR hit its highest price in over a decade as investors were piling into solar stocks.  The last couple of weeks we have seen a steady decline in the sector in general.  FSLR has not had a huge drop yet, but I think it is around the corner.

Earnings are coming up on Oct 26, so be aware of that if you decide to trade it into next week.

I think FSLR could drop to $115 soon, if I am right.  That would be my first profit target.

If I am wrong, I am looking at a close above $131, which is the mid-point of the recent Keltner range, and above the 5-day moving average.

The options were up over 100% from the open price on Monday in just 4 days.

Target 2 was hit before  there was a major bounce! 

The options were up over 100% from the open price on Monday. Unfortunately I was a bit too patient and didn’t get my fill at $4.50, those put options only traded as low as $5.24. My job is to plan my trade and trade my plan. The idea was correct, but I never got the pullback I wanted. The main thing is that the reasoning was correct and I stayed disciplined! On to the next one!

Here’s What Happened to The Bullseye Trade Idea!

Here was my reasoning for the trade:

My plan this week is to be patient for a while, maybe a couple of days even?  I want to see the market have a “fakeout rally” before I start a new short position.  I am not looking for much, but I do want to see the QQQ’s rally to over $270 for my first entry and then I want to add to this if QQQ’s go over $274.

If I am wrong, I will stop out of this trade if QQQ closes higher than $278 (which is just above the 5-day average).

If I am right, then I think QQQ’s will convincingly break below the mid-$260’s that have acted as support both in June and last week.  If that happens, I would expect to see $260 fairly quickly and then possibly $255 right behind it.

Up over 200% on entry

I noticed relative strength in Bitcoin last week and over the weekend. Given the fear last week in the QQQ’s, this was really unusual and led me to believe that the market would bounce and Bitcoin would outperform. I chose to express this Idea by making MARA my Bullseye Trade of the week!

Here’s What Happened to The Bullseye Trade Idea!

I got out the rest of my MARA trade this morning and here was the result:

The options I mentioned went up OVER 200% and I was able to capture over 144% being the piker that I am!

https://shared.tradersync.com/jeffrb/e25e68ac-4327-11ed-8217-061a3d52649f

Over 200% move potential

Now, this week I am looking to buy calls on SNOW.  

This is a recent earnings winner and one of the few tech stocks still in an uptrend.  I think if the market does turn around soon, this will be one of the biggest movers.

The biggest problem I see right now is timing.  I don’t have a lot of faith that we will see a rally today, but we are likely close, and it could happen in the next few days.

I also don’t want to push all of my chips in on this trade at once.  I want to scale in over a few days, most likely.

If I am wrong, I will use a closing price below $160 as my stop.  That was the recent resistance level prior to the huge earnings win in August.

If things go my way, I am looking for a rally to the mid-$180’s as my upside target.

I got out of this one a bit early but it was still a nice trade for me.