NFLX options 10/28/24 near $6  –  4  days later $22.88 = 281%

My Reasoning:

We are in for another very volatile week, so if you can’t stomach some big ups and downs, this may not be the week for you.  No harm in sitting things out and waiting until we see a stronger trend in place, hopefully next week.

I have been stalking this week’s top idea for a while.  I had a great trade on it Friday with my Bullseye Unlimited members, and now I think it is setting up for bigger move higher soon.

This is a big earnings winner that has been consolidating for a few weeks.  As long as the market doesn’t fall apart this week (no guarantees it won’t!), I think this stock is headed to $800+ by the end of the year.

NVDA options 10/28/24 near $3.50 (opened $3.60) –  1 days later $4.70 = 30%

My Trade Plan Details:

• NVDA Nov 8 $147 calls near $3.50
• Stop: Closes NVDA below $138
  
• Target 1: $147
  
• Target 2: $152

My Reasoning:

This week, I am generally optimistic about the market again. For all the wild swings we have seen lately, NVDA managed to attempt a new all-time high on Friday, even though it was rejected.

I think the market will power higher this week as we digest the latest round of big earnings announcements from most of the “big boys” including GOOGL, META, AAPL, MSFT and AMZN.

This will create a lot of volatility, so make sure you are ready for it.  This will not be an easy week of smooth sailing.

Assuming the NVDA powers to new highs, I am very confident that semiconductors will lead the way.

The chart I like best (and also doesn’t have earnings this week) is the pack’s leader, and I am betting it hits my $150 price target very soon.

COIN options 10/07/24 near $ 5 –  10 days later $41.15 = 720%

My Trade Plan Details:

• COIN Oct 18 $180 calls near $5.00
• Stop: Closes COIN below $165
  
• Target 1: $180
  
• Target 2: $190

My Reasoning:

QQQ options 09/30//24 near $3.60) – 2 days later $7.16 = 98%

My Trade Plan Details:

• QQQ Oct 11 $478 puts near $3.60
• Stop: Closes QQQ above $488
  
• Target 1: $480
  
• Target 2: $475

My Reasoning:

This is the first week in a long time that I am not very optimistic about the market continuing to move upwards.

QQQ has started to trade under the 20-hour moving average, after hitting a blow-off top on Thursday last week, which was fueled by the resurgence of Chinese stocks.

That optimism quickly faded, though, and we are now seeing QQQ trade right back to what I think is a crucial support level @ $485.

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 stop with a closing price above $488.

Remember, puts are a bet that a stock will go lower, so my stop loss on the trade will be if the stock gets above a certain level, not below it.

If things go my way, I think we could see QQQ break below the $485 support level soon and quickly tumble to $480 or even $475 if things really break down.

TSLA options 09/23//24 near $5 (reached $5.70) – 6 days later $14.30 = 150%

My Trade Plan Details:

• TSLA Oct 4 $255 calls near $5.00
• Stop: Closes TSLA below $235
  
• Target 1: $260
  
• Target 2: $270

My Reasoning:

I am glad to have the Fed rate cut from last week behind us.  I wasn’t really sure how the market would react to this, and I tried to trade very cautiously ahead of that.

Unfortunately, the stock I was most confident about didn’t pan out.  I am still very bullish on ASTS, though, and I will open a new position again shortly when it starts to set up properly for me again. That would probably be a couple of days back above $30. 

This week, I am returning to a stock that I have had great success with. In fact, earlier this month, the options I alerted you to on this stock jumped over 200% in two days.

While I never know if that type of magic will repeat itself, this is a great time to revisit this stock for another bull run higher.

I like the overall strength in the market, and this stock has been finding a lot of renewed interest lately, which I expect to carry it higher.

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 stop with a closing price under $235. That was the recent resistance level from the last few weeks.  I now expect that to act as support if TSLA dips, and if a closing price below that would be my stop loss. 

If things go my way, I think we could see TSLA break above $260 soon and possibly even squeeze to $270 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.

ASTS options 09/16//24 near $1.50 – 2 days later $2.05 = 36%

My Trade Plan Details:

• ASTS Sept 27 $32 calls near $1.50
• Stop: Closes ASTS below $26
  
• Target 1: $33
  
• Target 2: $37

My Reasoning:

Last week was one of my best of the year.  

The Bullseye pick I had on Monday for DJT performed very well, with near 100% potential in just a couple of days.  This was exactly what I planned, as I thought there would be a lot of buyers into the debate on Tuesday night.

If you are a Bullseye Unlimited member, you also saw huge winners from APP, CAVA, DUOL, COIN and XLE.

It was one of those weeks where everything seemed to work out magically.

I am all cashed up now, and I hold no positions going into this week. I am looking to get started with one of my favorite momentum stocks, a brand-new stock I have never traded with Bullseye members before.

Keep in mind there is a very important Fed meeting on Wednesday this week where they are expected to start cutting interest rates (I am guessing they begin with a ¼ point cut).

As the market rallied strong for five straight days last week, I am fully expecting some profit-taking today and tomorrow in advance of that event.

This is going to be a choppy week, so don’t expect smooth sailing like we did last week.

If the market can’t find stability, then trying to go long with any stock will be a challenge, but I am confident that my target stock this week will find buyers as the week goes on.

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.