My Bullseye pick that I want to buy this week is
Satixfy Communications (SATX).

SATX stock12/30/24 near $1.40 (touched $1.55)   –  1 days later $2.39 = 54%

My Reasoning:

Most of the bigger stocks I am looking at are trending under their 20-hour moving averages, and I don’t want to try and pick a bottom before the time is right.

The bottom will probably be in place later today or tomorrow, but until I see more signs of that, I don’t want to try and get aggressive.  I’ll have several new long positions with Bullseye Unlimited later this week though, so keep an eye out for those.

Today, I want to try something new with Bullseye.

I have been having a lot of success trading smaller “penny stocks” lately, and I want to share some of these when there are weeks I am not very confident with the market (like right now!)

There is one stock that I am looking to buy today that I think has a lot of potential. 

My plan is to get started with an opening position during my live 11am session today, somewhere around $1.40 where it currently is now. 

If this trade doesn’t work out, I will use a stop with a closing price below $1.15.

If things go my way, I think we could see SAXT could rally to $2, and possibly even to $2.50, which is target #2 for me.

GOOGL  – Your Bullseye Pick of the Week

My Trade Plan Details:

• GOOGL Jan 3 $200 calls near $1.30
• Stop: Closes GOOGL below $187
  
• Target 1: $198
  
• Target 2: $205

[Max potential win: 19%]

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

LULU options 12/27/24 near $5  –  1  day later $7.05 = 41%

My Reasoning:

This week, I am going after one of my favorite retail themes for the holiday season.  It was an “unloved” stock for most of the year until I pointed it out a couple of months ago as a strong rebound candidate under $300.

Well, now it is approaching $400 once again, and I still think it is a great opportunity.  The stock had a great earnings report a couple of weeks ago, and now it is starting to reverse back above the 20-hour moving average, which is a “buy signal” for me.

My plan is to get started near the open today and buy both stock and options, 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 below $380.

If things go my way, I think we could see LULU could surge to $410, and possibly even to $420, which is target #2 for me.

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

ZM options 12/20/24 near $1.30  – 1  days later $2.05 = 57%

My Reasoning:

My top target this week is an old favorite of mine back from the early Covid days (hard to believe that is almost 5 years ago now?!)

This stock surged from obscurity to becoming on of the high-flying darlings of the time, gaining almost 1000% at one point.  

Of course, the stock crashed eventually, and gave all of those gains back (and more!)

Most people gave up on this stock, and it has been “dead money” for the last couple of years.

However, it has been perking up lately

The stock has a lot going for it right now with a breakout above recent resistance of $85, and both weekly and daily “GO” trends in place again.

This reminds me a lot of my LULU pick recently (another stock the market gave up on), and we all know what happened there.

MSTR – JASON’s Bullseye Pick of the Week

Jason Bond subbed in for Jeff with this trade plan:

• MSTR Dec 13 $350 puts
• Stop: Closes MSTR above $400-$410
  
• Target 1: $350
  
• Target 2: $320

(No entry target provided so could not be used to calculate max potential win.)

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

SHOP options 12/06/24 near $1.80  –  9  days later $8.50 = 372%

My Reasoning:

This week, I am headed back into tech stocks.  QQQ is looking very strong after getting through a lot of choppiness following the NVDA earnings report last week.

There are a lot of stocks that I think make great candidates right now to buy, but I am going with a stock with a great-looking breakout on the hourly chart and the benefit of “seasonality” in its favor.  This stock tends too do well in the weeks leading up too Christmas, and I am hoping the same happens this year as well.

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 below $105. 

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 SHOP could rally to $112, and possibly even shoot to $118, which is target #2 for me.

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

XLE options 11/29/24 near $1  –  4  days later $2.33 = 133%

My Reasoning:

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 below $94. 

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 XLE could rally to $98, and possibly even shoot to $100, which is target #2 for me.

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.

Good morning, Bullseye!

Jason Bond here and I’ll be filling in for Jeff Bishop Monday and Tuesday.

We’ll use my chat room this morning at 9:20 AM ET for premium members and again at 11 AM ET for ALL Bullseye members:

https://app.ragingbull.com/rooms/jason-bond

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

The trade plan is 11/29 CVNA $250 Calls around $8. 

CVNA options 11/29//24 near $8  –  11  days later $19.1 = 138%

Jason’s Reasoning:

CVNA is heavily short at 12% of the float and given their recent earnings beat and interest rates coming down, I think it’s on the way to $300 in the near future.

Shares are up a few dollars in the premarket so I’ll be patient and wait for a dip to enter. The stop loss would be on a break of clear support at $238. 

I’ll be looking to exit on a breakout at $260 using fibonacci extensions which we’ll discuss live today at 11 AM ET.

Eat. Sleep. Trade!  

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.