Alerts 2024

MP – My Bullseye Pick of the Week

MP Call options near $1.65 – 9 days later $12.20  = 639%

My Trade Plan Details:

• MP Sept 26 $70 calls near $1.65
  
• Stop: Closes MP below $63
• Target 1: $70
  
• Target 2: $75
  

TEM – My Bullseye Pick of the Week

TEM Call options near $2.20 –  4 days later $8.35  = 279%

My Trade Plan Details:

• TEM Sept 19 $85 calls near $2.20
  
• Stop: Closes TEM below $73
• Target 1: $85
  
• Target 2: $90
  

MRK – My Bullseye Pick of the Week

MRK Call options near $1.20 (hit $1.50) –  2 days later $2.05  = 36%

My Trade Plan Details:

• MRK Sept 12 $85 calls near $1.20
  
• Stop: Closes MRK below $83
• Target 1: $87
  
• Target 2: $90
  

SMR – My Bullseye Pick of the Week

SMR Call options near $1.20 – 7 days later $6  = 400%

My Trade Plan Details:

• • • SMR Sept 5 $37 calls near $1.20
      
    • Stop: Closes SMR below $32
    • Target 1: $38
      
    • Target 2: $42
      
    My reasoning:

    After the massive rally we had on Friday, today is a tough day to look for new stock ideas.

    Things typically need to cool off for a couple of days before they can resume higher after what we just saw.

    I really like the nuclear sector again, however.

    These stocks have been beaten down from their highs due to fears that AI data centers will soon slow down, but I have very little doubt that the demand for more electricity will continue for many years to come.

    If you recall, this week’s pick on SMR was one of the biggest potential winners of the year for Bullseye when I alerted it a couple of months ago for the first time.

    I hope to see even half the success this time around!

FIG – My Bullseye Pick of the Week

FIG Call options near $2–  days later $0.70 = – 70%, not all of them work out

My Trade Plan Details:

• • • FIG August, 29 $83 calls near $4.00
      
    • Stop: Closes FIG below $76
    • Target 1: $83
      
    • Target 2: $87
      
    My reasoning:

    Heading into this week, the market appears indecisive about its next direction.  While the trend has definitely been higher for the last few months, markets are now trading under their short-term moving averages, which makes me cautious with new long trades.

    The sentiment isn’t bad enough to make me want to start new short positions either, so if I had a choice on what to do for the moment… I would be in cash!

    However, there are a handful of trades I like right now, and FIG is at the top of my list for its risk/reward profile at the moment.

    This is a very volatile recent IPO, and I like the potential base it has been establishing lately.  

    I also don’t think this stock will be as susceptible to general moves in the market, so it could breakout even if the markets do trend lower this week.

COIN – My Bullseye Pick of the Week

COIN Call options near $5.50 – 3 days later $13.60  = 147%

My Trade Plan Details:

• • • COIN August, 22 $340 calls near $5.50
      
    • Stop: Closes COIN below $300
    • Target 1: $340
      
    • Target 2: $360
      

TSLA – My Bullseye Pick of the Week

TSLA Call options near $8 (open price) – 6 days later $21.06  = 163%+

My Trade Plan Details:

• • • TSLA 9/19 $350 calls
      
    • Stop: Closes TSLA below $300
    • Target 1: $340’s
      
    • Target 2: $360’s
      

I’m filling in for Jeff Bishop and have walked through this trade idea with him. I like the TSLA $350 calls expiring September 19. One could consider the end of August for a more volatile trade but while this trade could deliver this week, I might need a few weeks to unfold.

The rationale is Powell’s anticipated interest rate cut and its impact on the sales of TSLA cars. Elon stands to do quite well when rates come down as margins and sales volume will improve due to customers having more money to spend.

Overall markets had a nice pullback to end last week so as long as that’s the bottom, this trade should deliver a nice win.

My Bullseye pick this week is to buy (TSLA) call options.

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 $300.

If things go my way, I think we could see TSLA rise to $350, and possibly even an inside bar breakout to $370, which is target #2 for me.

NVDA: JW’s BET Pick of the Week

NVDA Call options near $3.80 (opened at $2.15) – 2 days later $5.40  = 115%+

My Trade Plan Details:

• • NVDA August 1 $175 Calls around $3.80 to $4
    
  • Stop: NVDA closes below $170
  • Target 1: $178
    
  • Target 2: $80
    
  • Target 3: $182
    

ANET – My Bullseye Pick of the Week

ANET Call options near $2.20 – 7 days later $5.80  =  163%

My Trade Plan Details:

• • ANET Aug 1 $115 calls near $2.20
    
  • Stop: Closes ANET below $108
  • Target 1: $115
    
  • Target 2: $120
    

SMR – My Bullseye Pick of the Week

SMR Call options near $1.50  – 9 days later $12.15  =  710%

My Trade Plan Details:

• • SMR July 25 $40 calls near $1.50
    
  • Stop: Closes SMR below $35
  • Target 1: $40
    
  • Target 2: $45
    

CRCL – My Bullseye Pick of the Week

CRCL Call options near $7  – 10 days later $48.20  =  588%

My Trade Plan Details:

• • CRCL July 18 $215 calls near $7.00
    
  • Stop: Closes CRCL below $175
  • Target 1: $210
    
  • Target 2: $230
    

OSCR – My Bullseye Pick of the Week

OSCR Call options near $1.10 (hit $1.15) – 2  days later $1.90  = 50%+

My Trade Plan Details:

• • OSCR July 11 $21 calls near $1.10
    
  • Stop: Closes OSCR below $19
  • Target 1: $22
    
  • Target 2: $24
    

TSLA – My Bullseye Pick of the Week

TSLA Call options near $7 (open $7.45) –  1 days later $20.54  = 175%

My Trade Plan Details:

• • TSLA July 3 $350 calls near $7.00
    
  • Stop: Closes TSLA below $312
  • Target 1: $345
    
  • Target 2: $360
    

DASH – My Bullseye Pick of the Week

DASH Call options near $3.70 – 9 days later $16.25  = 339%

My Trade Plan Details:

• • DASH June 27 $225 calls near $3.70
    
  • Stop: Closes DASH below $210
  • Target 1: $230
    
  • Target 2: $240
    

RR – My Bullseye Pick of the Week

RR stock near $2.40 – 1 days later $2.53  = 5%

My Bullseye pick this week is to buy (RR) stock.

My plan is to get started near the open today near the $2.40 level.

If this trade doesn’t work out, I will use a stop with a closing price below $2.40.

If things go my way, I think we could see RR rise to $2.75, and possibly even over $3.00, which is target #2 for me.

LMT – My Bullseye Pick of the Week

LMT Call options near $6 – 10 days later $8.60  = 43%

My Trade Plan Details:

• • LMT June 20 $490 calls near $6.00
    
  • Stop: Closes LMT below $470
  • Target 1: $490
    
  • Target 2: $500
    

TSLA – My Bullseye Pick of the Week

TSLA Call options near $5.50 (open $8.80)– 3 days later $15.90  =  80%

My Trade Plan Details:

• • TSLA June 6 $365 calls near $5.50
    
  • Stop: Closes TSLA below $335
  • Target 1: $365
    
  • Target 2: $385
    

STZ – My Bullseye Pick of the Week

STZ Call options near $2– 1 days later $2.20  =  10%

My Trade Plan Details:

• • STZ May 30 $200 calls near $2.00
    
  • Stop: Closes STZ below $190
  • Target 1: $205
    
  • Target 2: $210
    

This Weeks Play is WMT Calls

GDX options  near $1 (touched $1.02)  –  2 days later $2.55 = 140%

My Trade Plan Details:

• WMT May 16 $100 calls around $1.50 to $1.75
  
• Stop: WMT below $95 close or sell by Wednesday close
• Target 1: $102
  
• Target 2: $103 for gap closure
  
• Target 3: $105 for previous high test
  

This Weeks Play is: GDX Calls

GDX options  near $1 (touched $1.02)  –  2 days later $2.55 = 140%

My Trade Plan Details:

• GDX May 16 $49 calls around $.85 to $1
  
• Stop: GDX below $45 close
• Target 1: $49.80
  
• Target 2: $51
  
• Target 3: $53
  

This Weeks Play is: MCD Calls

MCD options  near $3.50  –  3 days later $5.74 = 64%

My Trade Plan Details:

• MCD May 2 $320 calls around $3.50 to $3.70
  
• Stop: MCD below $306 close
• Target 1: $320
  
• Target 2: $326
  
• Target 3: $330
  

My Bullseye pick this week is to buy (MSTR) call options.

MSTR calls near $7 – 5 days later $28 = %300

My Reasoning:

My Trade Plan Details:

• MSTR May 2 $350 calls near $7.00
  
• Stop: Closes MSTR below $310
• Target 1: $340
  
• Target 2: $360
  

This continues to be a very challenging time to be a trader right now.

It doesn’t matter if you are betting to the upside or downside, the market swings each day are very tough to manage.

I am being very nimble with my trading, and I have very little conviction in the markets right now.

This is not the ideal trading environment for me, so I continue to take small shots when I see opportunities I like, and take profits (or losses) very quickly.

I am mainly in cash, patiently waiting on the sidelines most days.

One of the interesting trends I’m currently observing is in the crypto space.

Surprisingly, Bitcoin has been very stable lately, and stocks in that sector have been steadily rising.

While I am not a big fan of the markets overall right now, I do see a bright spot in the crypto space, and I am cautiously wading into it.

My Bullseye pick this week is to buy (TEM) call options.

TEM calls near $2.30 –   8 days later $5.90  = 156%

My Reasoning:

My Trade Plan Details:

• TEM April 25 $47 calls near $2.30
  
• Stop: Closes TEM below $40
• Target 1: $48
  
• Target 2: $52
  

The market continues to be extremely volatile, but is showing signs of strength over the last few days.

I still expect stocks to bounce around a lot, but I think the worst is behind us.

If you are a brave soul, this market might present some excellent rebound opportunities if things continue to grind higher.

There are so many charts right now that are worthy of attention. I think it is very tempting to keep things simple and just buy QQQ on dips and sell into rallies.

One of my favorite setups right now is with a small AI company that is starting to break out of a nice consolidation phase.

If the stock can break past $45, I think there is a lot of upside ahead of it. 

My Bullseye pick this week is to buy (SVIX) stock.

SVIX stock near $12 –  1  days later $13.96  = 16%

My Reasoning:

This market continues to be extremely challenging to trade, especially if you are looking for idea to trade to the upside, like I am.

I’ve been pretty spot on the last few weeks with Bullseye ideas, and I hope this week will lead to another winner.

With the massive 3-day descent we’ve seen for the market, I think we are very close to at least a short-term bottom.

Even if things drift lower from here, the “panic” in the market could subside very quickly, and that will cause VIX (the volatility index) to start drop much lower from here.

If that happens, my top trade idea this week will profit very nicely.

Make a note that I am NOT planning to buy the options on SVIX this week, I am only looking to buy the stock (well, it is an ETF technically)

The main reason is that the options are very expensive right now because of insanely high implied volatility.  That doesn’t mean that the options won’t work out.  They certainly could lead to a massive win, if VIX starts to collapse this week.

I find it much easier to manage a large stock position instead, which is what I am planning to do.

I also plan to scale into this trade over the next few days if necessary, not all at once this morning.

My Bullseye pick this week is to buy (CELH) call options.

CELH calls near $1 –  9  days later $3.25  = 225%

My Reasoning:

My Trade Plan Details:

• CELH April 11 $35 calls near $1.00
  
• Stop: Closes CELH below $32
• Target 1: $38
  
• Target 2: $42
  

In fact, I have zero positions right now as I head into trading this week.  There was just nothing that looked great to me as Friday closed, so I figured I would just come to work 100% cash on Monday and get back to work.

Last week’s idea with TSLA worked out phenomenally, if you watched that one.

The options made a move of more than 250% a few days after I alerted them, something that was very rare.

This week, there are not many great-looking setups to the long side, and I don’t really want to hold short trades overnight right now either (though I wish I did over the weekend!)

One of the best-looking stocks I see right now is an early-stage recovery, and one of my favorite stocks from the past.

My Bullseye pick this week is to buy (TSLA) call options.

TSLA Calls near $6.50 –   4 days later $24.10  = 270%

My Reasoning:

My Trade Plan Details:

• TSLA April 4 $275 calls near $6.50
  
• Stop: Closes TSLA below $240
• Target 1: $280
  
• Target 2: $300
  

QQQ is trading well above $480 now, which I consider to be a crucial breakout level.  I think this could carry all stocks for a while.

One of the most beat-up stocks out there is former darling, Tesla.

Headlines everywhere show public outrage against the company, and I even have seen Reddit groups trying to organize “plots to bring down the company” by collectively buying massive amounts of far out-of-the-money puts.

Good luck with that kids, lol.

If you understood option mechanics, they would know they are only fueling more buying on the upside.

When I see the market re-start a rally, I like to go after the names that have been most beaten up, yet still have the chance to make moves again.

I think TSLA fits the bill perfectly right now.

My Bullseye pick this week is to buy (PLTR) call options.

PLTR Calls near $2.40 –  7  days later $4.60 = 91 %

My Reasoning:

My Trade Plan Details:

• PLTR Mar 28 $95 calls near $2.40
  
• Stop: Closes PLTR below $83
• Target 1: $95
  
• Target 2: $105
  

I didn’t have high hopes for the market last week, and sadly, that proved to be the correct call.  

Even with a HUGE rally on Friday, the markets still ended the week significantly lower.

I was on vacation and didn’t trade much during the week.  It was a much-needed time for me to relax and reset after this very tough year of trading.

While I still don’t trust the markets much overnight right now, I am somewhat optimistic that we can have a positive week overall.  

So many of the tech stock charts I look at are suggesting higher moves. I would be shocked to see new lows for the year (this week, at least) unless there is some new news out of the blue.

With so many great-looking rebound charts out there, I am especially drawn to PLTR, which has been fighting in the $80-90 range for around three weeks now.

I think if the stock can finally close above $90, we could see a nice move higher.  

My Bullseye pick that I want to buy this week is to buy (ASTS) call options.

ASTS calls near $1.80 –   1 day later $2.20  =  22%

My Reasoning:

My Trade Plan Details:

• ASTS Mar 28 $35 calls near $1.80
  
• Stop: Closes ASTS below $28
• Target 1: $38
  
• Target 2: $44
  

It’s nearly impossible to see a trend for a stock go either up or down for more than one day.

For me, that means I am focusing more on daytrading strategies where I am in and out of a trade in less than an hour. 

I can usually find two or three moves that make sense for me each day in this market. It’s definitely more challenging, but that’s what I have to do to make it work.

While I will not be live trading today because I am out of town this week on vacation with my family, I really encourage you to join me again next week in our live room and I will show you what has been working for me. 

This week, I want to focus on one of the smaller stocks out there with huge momentum right now.

The stock has had a lot of big days lately, even though the market has been tanking. I would like to use today’s weakness to start a new position on the stock.

It is extremely volatile and while I’m listing some options I would consider, I really just prefer to buy the stock itself on this trade.  

My Bullseye pick that I want to buy this week is to buy (TSLA) put options.

META Calls near $6 –   1 days later $6.30=  5%

My Reasoning:

My Trade Plan Details:

• META Mar 14 $700 calls near $6.00
  
• Stop: Closes META below $652
• Target 1: $700
  
• Target 2: $720
  

This week, I am looking to get back on the long side of trading and go after a large-cap tech stock that has been recovering nicely.

I had a lot of good trades last week on this one, and I think the trend will continue to the upside from here (unless the markets break down again!)

My Bullseye pick that I want to buy this week is to buy (TSLA) put options.

TSLA puts near $6 (reached $7.58) –   10 days later $78.15 =  870%

My Reasoning:

My Trade Plan Details:

• TSLA Mar 7 $330 puts near $6.00
  
• SStop: Closes TSLA above $360
• Target 1: $330
  
• Target 2: $300
  

Today, we are seeing a feeble attempt at a recovery after having a whole weekend to sober up and decide if things are a good value right now.
I guess not too many traders are enthusiastic about putting what little money they have left to work today and buying stocks.
If that doesn’t happen in the first hour of the normal trading session today, I think it will be time to start adding some new short bets against the market.
One of my favorite stocks is likely to lead the way lower if that is the case (TSLA).
This stock was exceptionally weak before Friday’s carnage, and it has had few buyers willing to step up as the stock continues to break key support levels.
I think we could be headed under $300 very soon

My Bullseye pick that I want to buy this week is to buy (CLS) call options.

CLS calls near $3.50  –   2 days later $3.80 =  8%

My Reasoning:

My Trade Plan Details:

• CLS Feb 28 $140 calls near $3.50
  
• Stop: Closes CLS below $128
• Target 1: $140
  
• Target 2: $148
  

This is what you see in bull markets, and it has been very frustrating for anyone who continues to bet against this market.

The trend right now continues to appear to be higher, so I will keep placing my bets accordingly (at least until proven otherwise!)

One trend that has been nearly unstoppable is for companies supplying virtually anything for data centers.

While a lot of stocks in that sector are already breaking out, and I don’t want to chase them at these levels, there is a stock that I appears to be ready to breakout once again, and I think now is a great time to look at it again

My Bullseye pick that I want to buy this week is to buy PDYN stock

PDYN stock near $10.50  –   1 days later $12.40 =  18%

My Reasoning:

My Trade Plan Details:

• Buy PDYN stock near $10.50
  
• Add near under $10 or a break over $11
• Stop if closing price is under $9.50
  
• Scale out of stock into rallies, and buy dips above my stop price.
  

There are not a lot of great large-cap stocks out there that can give you exposure to this sector as a pure play.  

Sure, stocks like AMZN and TSLA are robotics themes, but they are not going to move much based on market sentiment for robots right now.

When I trade this sector, I want to trade some of the small-cap stocks that are emerging leaders in the space.

If you want to know what they are, my top list of small-cap robotics stocks are:  PDYN, RR, SERV, IRBT and ARBE. 

Today, I want to start to build positions in several of these, but there is one in particular that I am focused on…

My Bullseye pick that I want to buy this week is buy (SMH).puts.

SMH options 02/14/25 near $3.50  –  10 days later $0  = 0   %

My Reasoning:

My Trade Plan Details:

• SMH Feb 14 $230 puts near $3.50
  
• Stop: Closes SMH above $245
  
• Target 1: $228
  
• Target 2: $220

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

My Trade Plan Details:

• UPST Jan 31 $68 calls near $2.00
• Stop: Closes UPST below $59
  
• Target 1: $68
  
• Target 2: $74

Alerted at $1.65, 3  days later $4.50 = 170%

e-mail:

UPST options 01/31/25 near $2  – 3  days later $4.50 = 125%

My Reasoning:

This week, I am going with what I consider a “high risk, high reward” type of trading idea.

With interest rates starting to reverse course and head a little lower, I think small caps and tech stocks will find a tailwind for a short period of time if that continues to stay in place.

By the way, if you’re looking for what I think is a more “conservative” play this week, check out the small-cap index – IWM – instead of the stock I am looking at!

The stock I am taking aim at can be very volatile, and is heavily dependent on the market continuing with the “risk on” mentality.

If it works, it can be a really big play… but it might be very choppy as well, so make sure you are prepared for that if you decide you like it!

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 $59.

If things go my way, I think we could see UPST could rally to $68, and possibly even to $74, which is target #2 for me.

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

My Trade Plan Details:

• DJT Jan 24 $38 calls near $2.00
• Stop: Closes DJT below $33
  
• Target 1: $38
  
• Target 2: $44

DJT options 01/24/25 near $2  – 1  days later $7.71 = 285%

My Reasoning:

This week, I am expecting a very volatile market. While we are currently trading in a downtrend, I am expecting some sharp reversals along the way to scare out short sellers and try to get bullish buyers excited.

Be very careful starting new long positions in a market downtrend – that is fighting against the tide and can be very tricky.

While you might think it sounds obvious to short the market from here, I think the “meat” of the move has already happened.  I was early to cash in on winners for my IWM short positions last week, and at this point I think it is a little late to the party to start new shorts.

My best bet would be to sit on the sidelines until the conditions improve, or be very selective in trades that have the potential to work no matter what.

I think that one of those trades might be DJT right now.

With the inauguration coming next week, I am expecting buyers to re-emerge in this stock. You never know how high it will go if things get crazy, to the upside but that is not my main concern.

I am looking for a stock that I don’t think will collapse if the markets continue lower. Because of the inauguration, I think we will see a lot of optimistic buyers for this stock over the course of the week, and I think the downside will be limited.

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

My Trade Plan Details:

• UBER Jan 17 $70 calls near $.65
• Stop: Closes UBER below $64
  
• Target 1: $72
  
• Target 2: $80

UBER options 01/17/25 near $0.65  – 2  days later $1.25 = 92%

My Reasoning:

This week, I feel a lot more confident in the market, with the QQQ trading solidly above the 20-hour moving average.  That is a great technical signal for me.

The biggest problem I see right now is that so many stocks have already made a very big move, and I feel like it is late to the party.

On the other hand, if I try to buy stocks that haven’t moved much yet, I have found that to be a losing strategy.  If a stock hasn’t moved by now… why would it move higher anytime soon?

Right now, I am going with a stock that I am honestly not a huge fan of and have avoided for a long time.

I think the tides are starting to turn, though, and we could see a resurgence in investor interest that carries this stock higher from here.

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 $64.

If things go my way, I think we could see UBER could rally to $72, and possibly even to $80, which is target #2 for me.

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!  

UPST– Your Bullseye Pick of the Week

My Trade Plan Details:

• UPST Nov 1 $55 calls near $2.20
• Stop: Closes UPST below $51
  
• Target 1: $57
  
• Target 2: $62

[Max potential win: 12%]

HD – Your Bullseye Pick of the Week

My Trade Plan Details:

• HD Nov 1 $420 calls near $4.00
• Stop: Closes HD below $407
  
• Target 1: $420
  
• Target 2: $430

[Max potential win: 100%]

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.

Well, I haven’t done this in a long time, but I think the best trade today is NOT to trade.

SPOT  – Your Bullseye Pick of the Week

My Trade Plan Details:

• SPOT July 5 $325 calls near $5
• Stop: Close SPOT below $308
  
• Target 1: $325
  
• TTarget 2: $335

[Max potential win: 27%]

My Trade Plan Details:

• HOOD Mar 28 $19 calls near $.60
  
• Stop: Close HOOD below $17.50
  
• Target 1: $19
• Target 2: $21
  

Options up over 166% in just 8 days

My Reasoning:

There are still some very strong sectors to look at like oil, gold, materials, transports, etc.  My biggest problem is that while these are strong uptrends, they are pretty extended right now.

This week, I am going after a stock that has been in a strong uptrend, but I think fundamentals suggest that this still has a lot of room to go.

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

My plan is to get started with a half-sized position on the HOOD calls I want somewhere near the market open, hopefully near my ideal entry price.

I want to save room to add to this position if HOOD drops under $18 in the next couple of days.

If this trade goes against me, I plan to use a closing price of $17.50 on HOOD stock as my stop loss on the options.

If this works out, then I think we’ll see a pretty quick move to $19+ soon and possibly even $21 as target #2.

As always, I will alert you on the app as I make any trades, so make sure you have those setup on your phone!

My Trade Plan Details:

• ERX Mar 28 $63 calls near $1.40
  
• Stop: Close ERX below $59
  
• Target 1: $65
• Target 2: $68
  

Options up over 470% in just 14 days!

My Reasoning:

This week, I am expecting the market to be very choppy and probably move lower as the week moves on.

With VIX elevated right now, I think the market is rotating toward “safe havens.”  

You can see this with gold prices skyrocketing lately, and dare I say… even Bitcoin is considered “safe” right now?

Oil stocks are a sector that has been in a “stealth rally” lately, and I don’t hear a lot of people talking about it, yet at least.

That is where I am looking to put my money to work this week.  The chart is great and there are a lot of reasons to love it right now.

My Bullseye pick this week is to buy (ERX) calls.

My plan today for ERX is to try and pick up some options near my target entry price.  You never know exactly where the price will be at the market open.

Then, I’d like to add to the position if ERX trades down to around $60.70.

If the stock looks like it will close under $59, then I will use that as a stop loss and look to exit the trade.

If this rally continues, I will be looking at $65 as my first profit target, and possibly $68 as target #2.

My Trade Plan Details:

• ARM Mar 15 $165 calls near $5.80
  
• Stop: Close ARM below $138
  
• Target 1: $160
• Target 2: $175
  

ARM options up over 42% in just 1 day!

My Reasoning:

This week, I am once again picking a stock that I really hate! 

I think it is terribly overvalued, and is not something I would look to put in my long-term retirement account anytime soon.

This is just a trading vehicle, and I think the short-term catalysts are looking strong for this sector and this stock in particular.

This week, I am sticking with the semiconductor sector which has been one of the biggest winners of the year.  I see no reason for that to stop anytime soon.

My Bullseye pick this week is to buy (ARM) calls.

Keep in mind that I don’t know exactly where the stock or options prices will open. I am trying to get in the ballpark with my estimates.

My Trade Plan Details:

• COIN Mar 15 $185 calls near $5.80
  
• Stop: Close COIN below $162
  
• Target 1: $182
• Target 2: $195
  

Options up over 1200% in just 10 days

My Reasoning:

This week, I am generally bullish on the market.  I know we have had a big run again, and the market is digesting those gains at elevated levels, but I just don’t see a lot of charts breaking down in the various sectors and important stocks I look at.

I am not super confident this will be a big week of gains for the market, though.  I expect another choppy market, though I think it will drift higher.

One sector that is looking like a potential breakout to me right now is crypto.

You know, I am not a huge fan of crypto stocks in general, but when a sector is hot, I want to ride the trend. 

While I really don’t like this company, I really like the chart setup right now.

My Bullseye pick this week is to buy (COIN) calls.

I plan today to open a starting position with the calls I detail below, hopefully somewhere near my target price. 

This will be a half-sized position for me, as I want to save room to add to this around $164 if COIN decides to trade there over the next few days.

If I am wrong, and this trade doesn’t work out, I am going to keep a very tight stop on this trade and use a closing price under $162 as my stop loss.

If things go my way, I think COIN could rally over $180 soon, so somewhere around $182 makes sense as target #1 and then around $195 as target #2.

My Trade Plan Details:

• CELH Mar 8 $70 calls near $2.50
  
• Stop: Close CELH below $61
  
• Target 1: $70
  
• Target 2: $74

Options up over 720% In just 13 days

My Reasoning:

My plan today is to buy some stock near, and the options I list below, somewhere near the target price.  

Remember, it is impossible to predict where option prices will actually open or trade at when the market closes, so I am just giving my best guess here.

Keep in mind that CELH earnings are on March 7.  This is a stock that I actually plan to hold a partial position into earnings, realizing that it could be a total $0 or a big winner if things go well.

I would also like to add to this position if CELH trades slightly lower in the next day or two.  I think it will rebound if that happens, as long as it stays above $61, which is my stop loss on this trade.

If I do get stopped out, I will definitely come back to the trade at some point prior to their earrings date.

If things do go well for me, I would like to trim this position if CELH rallies near $70, and definitely near $74 which is my #2 target price.

I have said this for a long time, but I think CELH is going to $100 and we will see the company get bought at some point this year.  Both are completely my speculation, not advice of any type.