THE NEXT BULLSEYE TRADE DROPS IN:
[Date 00 00 00]
*I want to emphasize that I have estimated the Max profit potential of these trade plans. These do not represent my personal, realized profits (except if noted). Options trade in a huge range from opening to expiry, and exact profits and losses depend on when the trade was entered and when exited. Trading is hard, results not guaranteed and should not be expected to be replicated typically.
Sep. 26, 2022
My Trade Details:
- SNOW Oct 14 2022 180 Call near $7.50
- Stop : Close below $160
- Target : $185
SNOW – Your Bullseye Pick Of The Week (09-26) - Bullseye Pick of the Week
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.
Sep. 19, 2022
My Trade Details:
- CAT Oct 7 2022 180 Put near $6
- Stop : Close above $188
- Target : $170
Bullseye Pick Of The Week – CAT - Bullseye Pick of the Week
CAT over 200% move potential
I think the downtrend will continue and it will retest the lows that we saw in July around $170. That is my target if things go my way. Remember, if you are betting against a stock by buying puts, then you want the price of the stock to fall. We will discuss this live today @ 11am.
If I am wrong, CAT will go up from here. I would then stop out or a loss with a close above $188.
I am also only going to start with a half position size on this trade. I would like to have room to add to the position if CAT gets back to the low-$180 area.
Sep. 15, 2022
My Trade Details:
- ETSY Sep 30 2022 110 Call near $6
- Stop : Close under $102
- Target : $120
Bullseye Pick Of The Week Recap – ETSY - Bullseye Pick of the Week
Over 30% potential in 2 days, adjusted the trading strategy due to changing conditions!
ETSY was my weekly Bullseye trade of the week Idea on Monday. I used the weakness on Tuesday to get in at favorable prices and I took ½ of my position off into strength yesterday. That’s a quick 30% in 2 days