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Mar. 28, 2022

My Trading Plan:

  • Buy LULU 14 Apr 22 $320 calls 
  • Target : $325
  • Target : $330
  • Stop : $315

 

LULU - Bullseye Pick of the Week

LULU 14 Apr 22 $320 calls



Opening Price 3/28 $16 

High $66.43 after earnings

Mar. 9, 2022

The Trade Plan:

I am going to keep a pretty tight leash on this trade. If it breaks the $61 level, I will exit with a loss. I am aiming for low-$70’s as an initial target on the upside and possibly even $78 if I am lucky in the next couple of weeks.

The Trade Details:

  • Higher-risk “spicy” idea:  CHWY Nov 5 2021 67 Call near $1.30
  • More conservative “mild” idea:  CHWY Nov 12 2021 62 Call near $4.20

CHWY Chewy Inc. (CHWY) March 2022 - Bullseye Pick of the Week

This Bullseye trade of the week was CHWY. The stock took off after the alert was issued and ran up to a high of almost $80 dollars a share before retracing.

Original Alert went out on October 25, 2021.

CHWY is starting to find a base above the low-$60 support level that it has been building for a few weeks now. I might be a little bit early, but I think this is a good time to start to build a position.

Additionally, there is a Bull Flag pattern that is forming and if there is a breakout to the upside the measured move suggests there is a bit of room for the stock to run before the bulls take out profits.

This target level also correlates with a prior support level which could become future resistance for the bulls, suggesting that the bears will be waiting to jump back in at those price levels.

So, why am I doing this?

I think CHWY is going to be a strong stock into the end of the year as funds begin to “bargain shop” for overlooked ideas that have room to run.

Symbol Trade Date Bullseye Alert Price Maximum Potential Yield Position Results
CHWY Spicy Oct 25 $1.30 $12.57 Nov 5 67 strike call 966%
CHWY More conservative Oct 25 $3.25 $16.85 Nov 12 62 strike call 518%

November 5 $67 “Spicy Call Option Chart”

November 12 $62 “Conservative Call Option Chart”

Mar. 7, 2022

My Trade Plan:

  • Buy $125 entry price
  • Target 1: $148
  • Target 2: $174
  • Stop : $111

 

Upstart Holdings Inc. (PG) - Bullseye Pick of the Week

Original Alert went out on February 28, 2022.

For most of the month of February, UPST has built an incredible base, and with the strong earnings on the 16th, I feel the stock has now picked the next direction it wants to go – and that is higher!

I do want to wait on my entry though…

With all of the volatility we’re seeing, I think I will get a chance to enter about $10 lower from the close on Friday, so I am looking @ $125 as my target entry price. That is why I am looking at the option contracts at a significant discount to where they are today.

If I am wrong though, I will stop out of this if UPST wants to close under $111, which is near the recent low from 3 daily candles ago.  I will talk more about this in my live training session @ 11am EST today.

On the upside, I am looking at $148 as the first target and $174 as the next target.  I expect there to be a lot of range on this stock during the week, so keep a close eye on it!

UPST – Bullseye Pick Of The Week

Overall, there is still a lot of volatility in the market as we see the daily headlines keep rolling in.  

I personally think we have seen the lows (at least for a while) for most stocks.  

Current Market Outlook

One way to cut through the noise is to use technical analysis to determine where to place your trades.

QQQ Daily

The QQQ’s traded down into major support levels, and with the RSI oversold the buyers wanted to step in for a pop back to the upside.

And even though the markets are volatile, it is important to remember this is a market of stocks, and every stock can operate on it’s own.

USPT

I am going with UPST because it meets a lot of the criteria I am looking for right now: Oversold tech stock, great earnings, bullish trending chart in the face of a weak market.

UPST is not for the faint of heart though.  

This stock has some massive swings up and down each day.  It is so volatile, that most people are probably better off buying the stock than trying to time the options and worrying about time decay there.

For most of the month of February, UPST has built an incredible base, and with the strong earnings on the 16th, I feel the stock has now picked the next direction it wants to go – and that is higher!

I do want to wait on my entry though…

With all of the volatility we’re seeing, I think I will get a chance to enter about $10 lower from the close on Friday, so I am looking @ $125 as my target entry price. That is why I am looking at the option contracts at a significant discount to where they are today. 

If I am wrong though, I will stop out of this if UPST wants to close under $111, which is near the recent low from 3 daily candles ago.  I will talk more about this in my live training session @ 11am EST today.

On the upside, I am looking at $148 as the first target and $174 as the next target.  I expect there to be a lot of range on this stock during the week, so keep a close eye on it!

To YOUR Success!

Symbol Trade Date Bullseye Alert Price Maximum Potential Yield Position Results
PG Long call March 07  $ $161 Buy March 25 $155 call 17%

Mar. 4, 2022

My Trade Plan:

  • Stop:  Under $420
  • Target 1: $450
  • Target 2: $475

My Trade #1 (spicy):

  • Buy DPZ Calls
  • Expiration: Feb 11 2022
  • Strike: $440 
  • Price: near $8.00

My Trade #2 (mild):

  • Sell DPZ Put Credit Spread
  • Expiration: Feb 11 2022
  • Strike: $420/410
  • Price: near $3.00

Digital World Acquisitions Corp. (DWAC) - Bullseye Pick of the Week

DWAC was the Bullseye trade of the week. The stock IPO was on September 30, and the stock skyrocketed upward reaching a high of $170. With stock’s huge volatility, and the chart pulling back to lower levels, it became the Bullseye candidate of the week.

Original Alert went out on January 31`, 2022.

If I am right and the market reverses, I think DPZ has a great chance to rebound, which I will discuss with you at the live training session today @ 11am EST.

DPZ stock has lost over 20% of its value just since the New Year started.  

It has been trending in oversold territory for most of the month and it has recently shown signals that this could be the short-term bottom. 

The hourly chart has also started to form a descending triangle pattern as the bulls have stepped in to defend the $425 price level from the bears.

Where do I think DPZ can go from here?

I do think DPZ stock will trade lower and test the $430 level soon.  

But this is a good thing!

This is the area where I want to be a buyer for the options.  My stop on this would be a break for DPZ below the $420 level, which is where I would put my stop on the trade.

Feb. 28, 2022

My Trade Plan:

  • Buy $125 entry price
  • Target 1: $148
  • Target 2: $174
  • Stop : $111

 

Upstart Holdings Inc. (UPST) - Bullseye Pick of the Week

Original Alert went out on February 28, 2022.

For most of the month of February, UPST has built an incredible base, and with the strong earnings on the 16th, I feel the stock has now picked the next direction it wants to go – and that is higher!

I do want to wait on my entry though…

With all of the volatility we’re seeing, I think I will get a chance to enter about $10 lower from the close on Friday, so I am looking @ $125 as my target entry price. That is why I am looking at the option contracts at a significant discount to where they are today.

If I am wrong though, I will stop out of this if UPST wants to close under $111, which is near the recent low from 3 daily candles ago.  I will talk more about this in my live training session @ 11am EST today.

On the upside, I am looking at $148 as the first target and $174 as the next target.  I expect there to be a lot of range on this stock during the week, so keep a close eye on it!

UPST – Bullseye Pick Of The Week

Overall, there is still a lot of volatility in the market as we see the daily headlines keep rolling in.  

I personally think we have seen the lows (at least for a while) for most stocks.  

Current Market Outlook

One way to cut through the noise is to use technical analysis to determine where to place your trades.

QQQ Daily

The QQQ’s traded down into major support levels, and with the RSI oversold the buyers wanted to step in for a pop back to the upside.

And even though the markets are volatile, it is important to remember this is a market of stocks, and every stock can operate on it’s own.

USPT

I am going with UPST because it meets a lot of the criteria I am looking for right now: Oversold tech stock, great earnings, bullish trending chart in the face of a weak market.

UPST is not for the faint of heart though.  

This stock has some massive swings up and down each day.  It is so volatile, that most people are probably better off buying the stock than trying to time the options and worrying about time decay there.

For most of the month of February, UPST has built an incredible base, and with the strong earnings on the 16th, I feel the stock has now picked the next direction it wants to go – and that is higher!

I do want to wait on my entry though…

With all of the volatility we’re seeing, I think I will get a chance to enter about $10 lower from the close on Friday, so I am looking @ $125 as my target entry price. That is why I am looking at the option contracts at a significant discount to where they are today. 

If I am wrong though, I will stop out of this if UPST wants to close under $111, which is near the recent low from 3 daily candles ago.  I will talk more about this in my live training session @ 11am EST today.

On the upside, I am looking at $148 as the first target and $174 as the next target.  I expect there to be a lot of range on this stock during the week, so keep a close eye on it!

My Trade Plan:

  • Buy $125 entry price
  • Target 1: $148
  • Target 2: $174
  • Stop : $111

 

To YOUR Success!

Symbol Trade Date Bullseye Alert Price Maximum Potential Yield Position Results
UPST Long stock Feb 28  $137 $161 Long stock 17%

Feb. 7, 2022

My Trade Plan:

  • Buy ARKK Mar 4 2022 $70 calls near $5.00
  • Stop:  Under $69
  • Target 1: $77
  • Target 2: $80

 

ARK Innovations ETF. (ARKK) - Bullseye Pick of the Week

ARK Innovations ETF.  (ARKK)

Original Alert went out on February 07, 2022.

ARKK is going to be a pretty straight-forward play for me.

I am not going to be a hero and try to guess what is going to happen with the overall market, just solely focus on this one trade.

That being said, I want to set my stop on the trade if ARKK closes below $69.  Otherwise, I am setting my profit targets at $77 and just shy of $80.

If you notice the option contract I am going with this week, you will notice that it is 3 weeks to expiration, not 2 weeks as I have been targeting lately.  This is because I want to give this trade extra time to work out if that is what it takes.

How did the options do?

And looking at the options chart, you can see the options went from $5 to $7!

Not such a bad move here compared to the stock so this is why I’m always looking for opportunities in the markets to take options trades each week

ARKK – Bullseye Pick Of The Week

Good Morning, Traders!

Right now we are far from smooth sailing in the markets.  

With the VIX at panic levels and investors fretting over interest rates, inflation, and the Ukraine situation – the markets are very choppy

All of this uncertainty has pushed many traders to sell positions at huge losses so far this year…

But is there an opportunity in the markets right now?

Of course there is!

Current Market Outlook:

Last week was another wreck for the market, yet my Bullseye idea for MARA turned out to be a huge winner if you watched that all week.  

This is a great time to be very selective, approach trades with a good gameplan, and then execute it.

This week, I am targeting ARKK, which is honestly one of my least favorite stocks (ok, it is an ETF) to trade. 

Sometimes, even the worst stocks are bound to go up and I feel like we are at that moment for ARKK, which is despised by almost everyone on Wall Street as shown by the record amount of shares sold short right now (source found here).

ARKK

ARKK is going to be a pretty straight-forward play for me. 

I am not going to be a hero and try to guess what is going to happen with the overall market, just solely focus on this one trade.  

That being said, I want to set my stop on the trade if ARKK closes below $69.  Otherwise, I am setting my profit targets at $77 and just shy of $80.  

If you notice the option contract I am going with this week, you will notice that it is 3 weeks to expiration, not 2 weeks as I have been targeting lately.  This is because I want to give this trade extra time to work out if that is what it takes

To YOUR Success!

Symbol Trade Date Bullseye Alert Price Maximum Potential Yield Position Results
AARK Long call Feb 14  $3.30 $5.25 March 04 $70 strike call 59%

ARKK was the Bullseye trade of the week.

March 04 $70 “Long Call Option Chart”

Feb. 7, 2022

My Trade Plan:

  • Stop:  Under $20
  • Target 1: $28
  • Target 2: $30

 

My Trade #1 (spicy):

  • Buy MARA calls
  • Expiration: Feb 18 2022
  • Strike: $23
  • Price: near $2.20

 

Marathon Digital Holdings Inc. (MARA) - Bullseye Pick of the Week

Marathon Digital Holdings Inc.  (MARA)

Original Alert went out on February 07, 2022.

Looking at the stock chart, you can see this has been in a nasty downtrend for the last 3 months.

If you have been watching crypto at all lately you will see that the market has bounced strongly yet the stocks in the sector have lagged.

And looking at the charts even closer, there was a double bottom followed by a pennant breakout to the upside.

These two combo patterns are showing the bulls are here to stay, so therefore, I am betting this will be a “catch up week” for those stocks and MARA could be a leader there.

Now, if I am wrong I think Bitcoin will drop under $36k and MARA will drop under $20.  I want to set my stop loss if either of those things happens.

On the upside, I think MARA can trade near $28 on the upside as my first goal and $30 as the 2nd target.

Why are these my target levels?

Those correspond to the upper limits of the Keltner channels right now.

Also, if you are still wondering about some previous Bullseye ideas… I still really like DPZ and DWAC.

I’m not taking these stocks off my radar just because the week is over.  Stocks tend to move in waves for several weeks at a time.

Let’s take a look at the chart of MARA

Looking at the chart, these MARA calls traded from around $2.20 and traded to a high of $8.40.

So, now that this trade is almost wrapping up, I’ll be scouring the markets for the next bullseye trade for Monday

 

Symbol Trade Date Bullseye Alert Price Maximum Potential Yield Position Results
MARA Spicy Feb 7  $3.37 $8.40 Feb 18 $23 strike call 149%

 

MARA was the Bullseye trade of the week. The stock had an amazing run up to $30 from $25 area.

February 18 $23 “Spicy Call Option Chart”

Jan. 24, 2022

My Trade Plan:

  • Stop:  Under $68
  • Target 1: $71
  • Target 2: $73+

 

My Trade:

  • Buy XLU Calls
  • Strike: $68 Calls
  • Expiration: Feb 11 2022
  • Price: near $2.00

 

XLU - Bullseye Pick of the Week

Original Alert went out on January 24, 2022

With fear, uncertainty, wild interest rates, there are many reasons starting to shape why traders and investors want to look at the utilities for defenses.

And the utilities sector is one of the primary sectors where investors park money as they rotate out of risky asset classes and wait for new opportunities.

I’m starting to think it is a good bet for the next few weeks at least as the bears have really stepped back into the markets to capitalize on the fear of investors.

If I am wrong, I will keep a tight stop on this trade.  If XLU closes under the pivot lows near the support level of $68, I don’t want to stay involved with this name any longer.

Otherwise, I think that the pivot highs make a great target area around $71, and then near $73 after that if the trade really works out.

Pro tip:  When you are trading the XLU, you can’t expect a long of big moves like a high-beta stock.  Volatility is usually lower, and therefore options are cheaper.  Compared with tech stocks, I’m looking for smaller moves in this name compared to otherwise traded stocks.

XLU – Bullseye Pick Of The Week

 

Good Morning Traders,

This has been a very rough start to the year for most traders.  

It’s hard to believe that we are only 3 weeks into 2022 after all of the damage that has happened.

Instead of trying to short an already oversold market or trying to be a hero and pick the bottom, I want to play some defense this week.

Current Market Outlook:


Now before I get too far, I wanted to remind everyone that just because the markets are looking bleak, there are still pockets of opportunity.

And last week the chance was in DWAC which turned out to be a top performer amongst all of the carnage.

Now for this week I want to start preparing for some defense.  One of the strongest sectors, and most boring, are the utilities stocks.

Instead of trying to find the best one out of the bunch, (my bet would have been NEE, but earnings are coming out soon) I am going to look to buy the utilities ETF, the XLU.

 

Symbol Trade Date Bullseye Alert Price Maximum Potential Yield Position Results
XLU Long call Jan 24 $1.65 $1.71 Feb 11 $68 strike call 3%

 

The Bullseye alert of the week for XLU never gained much traction. Small positive increase on the option.

February 11 $68 “Call Option Chart”

Jan. 10, 2022

My Trade Plan:

  • Stop:  Under $179 at the lower end of the range and near the lows we saw back in July/August last year
  • Target 1: $200
  • Target 2: $215

My Trade:

  • Strike: 190 calls
  • Expiration: Jan 21 2022
  • Price: near $5.00

 

ETSY, Inc. (ETSY) - Bullseye Pick of the Week

ETSY, Inc.   (ETSY)

Original Alert went out on January 10, 2022

I like to look at indicators like Keltner channels and the “average true range” (ATR) of a stock to get a sense of where the stock is most likely to trade in the future. 

ETSY (along with tons of other stocks in the market right now) are trading at -3 ATR which is very uncommon.  

Could these stocks go lower from here?  Certainly.  Is it likely? Not based on historical volatility data.  

That is where I place my bets.

While the chart on ETSY might look ugly right now, I think that is the exact time you want to look for an opportunity for a relief rally that could move the stock 5-10% higher.  

I am not calling for the market to run into full bull mode anytime soon, but I definitely think we are very close to finding that relief rally where shorts will be forced to cover their shares and bullish traders resume buying the dip.  

I think this will be short-lived however and I don’t want to be in trades very long right now

Symbol Trade Date Bullseye Alert Price Maximum Potential Yield Position Results
ETSY Long call Jan 10 $5 $15.32 Jan 21 $190 strike call -29%

The Bullseye alert of the week for ETSY never really materialized. Small loss on the trade.

January 21 $190 “Call Option Chart”

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