Alerts 2024
UPST – My Bullseye Pick of the Week
Jan. 21, 2025
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.
DJT – My Bullseye Pick of the Week
Jan. 13, 2025
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.
UBER – My Bullseye Pick of the Week
Jan. 6, 2025
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.
SATX – My Bullseye Pick of the Week
Dec. 30, 2024
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
Dec. 23, 2024
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%]
LULU Calls – My Bullseye Pick of the Week
Dec. 16, 2024
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.
ZM Calls – My Bullseye Pick of the Week
Dec. 9, 2024
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
Dec. 2, 2024
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.)
SHOP Calls – My Bullseye Pick of the Week
Nov. 26, 2024
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.
XLE Calls – My Bullseye Pick of the Week
Nov. 18, 2024
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.
CVNA Calls – Jason’s Bullseye Pick of the Week
Nov. 11, 2024
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 Calls – My Bullseye Pick of the Week
Nov. 4, 2024
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 Calls – My Bullseye Pick of the Week
Oct. 28, 2024
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.
UPST– Your Bullseye Pick of the Week
Oct. 21, 2024
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
Oct. 14, 2024
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%]
COIN calls – My Bullseye Pick of the Week
Oct. 7, 2024
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 puts. – My Bullseye Pick of the Week
Sep. 30, 2024
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 Calls – My Bullseye Pick of the Week
Sep. 23, 2024
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.
My Bullseye pick (ASTS) calls.
Sep. 16, 2024
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 Calls – My Bullseye Pick of the Week
Sep. 9, 2024
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 Calls – My Bullseye Pick of the Week
Sep. 3, 2024
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 Calls – My Bullseye Pick of the Week
Aug. 26, 2024
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 Calls – My Bullseye Pick of the Week
Aug. 19, 2024
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.
NVDA Calls – My Bullseye Pick of the Week
Aug. 12, 2024
NVDA options 08/12/24 near $2.20 ($2.33 open) – 9 days later $18.60 = 698%
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
Coming into this week, I am still a little gun-shy, but I think the market can keep adding to the recent gains we’ve seen.
If that happens, I want to go with the leaders and not try to speculate too much with smaller momentum stocks.
When it comes to market leaders, we all know the one that stands above the rest…
My Bullseye pick that I want to buy this week is (NVDA) 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, then I am going to use a closing price under $97 as a stop, which is the recent low from the dip last week.
If this works out, I am looking for a move near $115 as target #1 and possibly even $120 as target #2.
DELAYED – NO TRADE
Aug. 5, 2024
Well, I haven’t done this in a long time, but I think the best trade today is NOT to trade.
ENPH Calls – My Bullseye Pick of the Week
Jul. 29, 2024
Options up over 16% in less than 1 day
My Reasoning:
I am pretty optimistic about a market rebound this week, but it could also be very choppy.
We have a lot of economic data coming out, plus earnings reports from some of the biggest tech stocks in the world. They will likely decide the fate of the market, but that will come later in the week.
Today, I am focused on a stock that I really don’t like very much, but I have to respect its great trading pattern right now.
It is also a big piece of a sector that has been on the rebound lately.
My Bullseye pick that I want to buy this week is (EPNH) 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.
I will admit this isn’t the absolute best trend out there right now, and it might break down. If that happens, I am going to use a closing price under $115 as my stop limit on this trade.
If things go my way, I think ENPH could be headed to $130 as target #1 and possibly even $140 as target #2.
As usual, I plan to buy multiple positions on this and shoot for 30-50% gains if I can get them.
My Trade Plan Details:
- ENPH Aug 16 $125 calls near $4.20
- Stop: Close ENPH below $115
- Target 1: $130
- Target 2: $140
IWM Calls – My Bullseye Pick of the Week
Jul. 22, 2024
Options up over 157% in just 5 days
My Trade Plan Details:
- IWM Aug 2 $220 calls near $2.80
- Stop: Close IWM below $215
- Target 1: $224
- Target 2: $228
My Reasoning:
I typically don’t go after ETFs (which is a single trade that owns a basket of stocks in an index), but in times of uncertainty, I find this helps lower my risk.
Today, I am eyeing what is probably the strongest index in the market over the last couple of weeks. The recent pullback has my attention, and I think we will see it resume the uptrend soon.
My Bullseye pick that I want to buy this week is (IWM) 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 for me, I will look at a closing price under $215 as my stop loss, which has been a key resistance/support level from last week’s pullback.
If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.
I know the IWM has already made a 10% move higher from the $200 level a couple of weeks ago, and this is late in the game on this epic rally. I like it right now because it is starting to reverse off of the first meaningful pullback, which usually leads to another move higher.
I think the next move could retest the 52-week high of around $225, which printed last week.
If that happens, there is a good chance we will see the high taken out and then a spike a few dollars higher, maybe to $228 after that.
CVNA Calls – My Bullseye Pick of the Week
Jul. 15, 2024
Options up over 111% in just 2 days!
CVNA Options 7/15/24 near $3.60 – 2 days later $7.62 = 111%
My Trade Plan Details:
- CVNA July 26 $145 calls near $3.60
- Stop: Close CVNA below $127
- Target 1: $145
- Target 2: $160
My Reasoning:
The market continues to rip higher, but I have to say that this has been one of the more difficult trading environments I have seen in a long time.
The volatile swings in momentum stocks have been very tough to nail down. There are no chart patterns to capture what has been happening.
Personally, I am sizing down on my risk for each trade at this time.
It is crucial to use limit orders to take advantage of the price spikes to the upside, which sometimes only last a few minutes.
On the downside, I want to make sure I leave myself a bigger stop loss than normal and I’m willing to buy sharp drops in the price rather than get shaken out for losses.
While it is tougher than usual right now, I still think there are a ton of good looking trades out there.
Today, I am going back to an old favorite of mine. I talked to you about this stock around a month ago when it was trading for $110.
Right now, it is around $136, and even though it has rallied 20% this month, I still think this stock can go a lot higher from here.
My Bullseye pick that I want to buy this week is (CVNA) 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.
f this trade doesn’t work out for me, I will look at a closing price under $127 as my stop loss, which has been a key resistance/support level over the last couple of weeks.
If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.
On Friday last week, CVNA hit a new 52-week high just over $140, before pulling back a bit. I think the stock will power through that soon and hit at least $145 as target #1 for me.
If $145 clears, I think it is possible to see a spike to $160, which is where I have target #2.
Keep in mind that earnings are on July 31, so I am going with options that are only two weeks away from expiration.
CRWD Calls – My Bullseye Pick of the Week
Jul. 8, 2024
Options up over 58% in just 2 days!
CRWD Options 7/08/24 near $6 – 2 days later $9.50 = 58%
My Trade Plan Details:
- CRWD July 19 $400 calls near $6.00
- Stop: Close CRWD below $378
- Target 1: $400
- Target 2: $410
My Reasoning:
Today, I am going after a very strong stock that has been crushing earnings estimates. It was recently added to the S&P 500 and is knocking on the door of a new all-time high. It is also closing in on a key level.
My Bullseye pick that I want to buy this week is (CRWD) 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 for me, I will look at a closing price under $378 as my stop loss, which has been a key support level over the last couple of weeks.
If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.
With the all-time high for CRWD hitting around $394 a couple of weeks ago, I think a break above that level again will propel the stock to $400+, which is the target price I am aiming for.
If $400 clears, I think it is possible to see $410 soon as target #2.
CAVA Calls – My Bullseye Pick of the Week
Jul. 1, 2024
CAVA options up over 55% in just 5 days!
CAVA Options 7/01/24 near $3.80 – 5 days later $5.90 = 55%
My Trade Plan Details:
- CAVA July 19 $95 calls near $3.80
- Stop: Close CAVA below $89
- Target 1: $100
- Target 2: $110
My Reasoning:
Today, I am going after a previous winner from a couple of months ago.
In fact, I have alerted this stock a few times and have had a lot of success in the past.
I last told you about it in early June, when the stock was trading at $72.
Today, the stock is around $92… and I still think it is going higher!
My Bullseye pick that I want to buy this week is (CAVA) 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 for me, I will look at a closing price under $89 as my stop loss, which has been a key support level over the last couple of weeks.
If things work out as I hope, I would like to scale out of most of my position for a 30-50% gain.
With the all-time high for CAVA hitting around $97 a couple of weeks ago, I think a break above that level again will propel the stock to $100, which is the target price I am aiming for.
If the all-time high is taken out again, then I think the stock could soon rise to $110+.
SPOT – Your Bullseye Pick of the Week
Jun. 24, 2024
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%]
VST Calls – My Bullseye Pick of the Week
Jun. 17, 2024
VST Options 6/17/24 near $2.60 – 3 days later $3.10 = 19%
My Trade Plan Details:
- VST June 28 $90 calls near $2.60
- Stop: Close VST below $84
- Target 1: $95
- Target 2: $100
My Reasoning:
I don’t think I am ready to start betting against stocks, though. This is still a very strong market, and it should be easier to find stocks with a bullish upside ahead rather than trying to bet on breakdowns.
This week, I am going back to a stock I picked in April this year, and it performed really well.
It has been one of the strongest stocks in the entire market over the last year, and with a recent 20% pullback, I think it is showing signs of building strength once again.
My Bullseye pick that I want to buy this week is (VST) calls.
I also had several “backup” ideas that were very close today I’ll share with you in the 11am session today in the Market Master’s Room – so make sure you’re there!
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 for me, I will look at a closing price under $84 as my stop loss, which has been a key support level over the last couple of weeks.
If this trade works as I hope, then I think we could see VST hit $95 as target #1 in the coming week and possibly even $100 before these options expire in 2 weeks.
During the day though, I would be very happy to secure gains of 30-50% on a bigger position, as usual. If I can do that, I don’t mind holding a smaller size for a few more days and try to score larger gains.
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CVNA Calls – My Bullseye Pick of the Week
Jun. 10, 2024
Options up over 53% in just 3 days
CVNA Options 6/10/24 near $1.80 – 3 days later $2.76 = 53%
My Trade Plan Details:
- CVNA June 21 $120 calls near $1.80
- Stop: Close CVNA below $105
- Target 1: $115
- Target 2: $125
My Reasoning:
I have had great success with this in the past, and it just got a fresh analyst upgrade this morning, which is helping boost the price a bit in pre-market trading (though I could care less about what analysts say!).
It has a great chart pattern right now and a very sizeable short position, which I think could help get it on the radar of many traders who are piling in stocks with “short squeeze” potential after seeing how GME has reacted lately.
My Bullseye pick that I want to buy this week is (CVNA) calls.
My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price I list below.
If this trade doesn’t work out for me, I will look at a closing price under $205 as my stop loss, which has been a key support level over the last couple of weeks.
If things go my way, I think CVNA could trade back up to $115 relatively soon, and $125 as target #2. That would put it within spitting distance of a new all-time high as well, and I would not rule that out.
My goal is always to try to take a lot of my position off the table when I get to the 30-50% profit level. It doesn’t matter if it happens in minutes or days for me.
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ELF Calls – My Bullseye Pick of the Week
Jun. 3, 2024
ELF options up icer 170% in just 1 day!
My Trade Plan Details:
- ELF June 21 $200 calls near $4.00
- Stop: Close ELF below $180
- Target 1: $195
- Target 2: $210
My Reasoning:
After a rocky end to last week, the markets had an epic final hour of trading on Friday, nearly erasing all of that day’s heavy losses.
It looks like the optimism is continuing into this week, but I am not convinced it will be smooth sailing.
Markets have been up nearly every Monday for quite some time now. When is the last Monday you recall when it opened red?
That said, I have to give the benefit of the doubt to the bulls right now, and I will stay in “buy mode,” at least until the market tells me otherwise.
There are a lot of stocks on the verge of breakouts right now. I think that is a very healthy thing to see overall.
In fact, one of my favorite stocks has a great breakout setup that I really like right now.
I have picked this stock as a Bullseye pick a couple of times in the past, and I am looking forward to buying it again.
My Bullseye pick that I want to buy this week is (ELF) calls.
If this trade doesn’t work out for me, I will look at a closing price under $180 as my stop loss, which has been a key support level.
If things go my way, I think ELF could trade back up to $195 relatively soon, and if it can manage to break $200, then I think we could see a nice move to $210.
My goal is always to try to take a lot of my position off the table when I get to the 30-50% profit level. It doesn’t matter if it happens in minutes or days for me.
COIN Calls – My Bullseye Pick of the Week
May. 28, 2024
VKTX options up over 74% in just 3 days!
My Trade Plan Details:
- COIN June 7 $260 calls near $5.80
- Stop: Close COIN below $220
- Target 1: $250
- Target 2: $270
My Reasoning:
As we head into this week, I am pretty optimistic about the markets. Based on how well they are performing, I think another all-time high is right around the corner.
All of this enthusiasm tends to bleed over to crypto, which has been holding up remarkably well lately.
While I really don’t like this stock, it has grown on me lately, especially after their last earnings report.
I think it is on the verge of another breakout soon, so I want to get back in today.
My Bullseye pick that I want to buy this week is (COIN) calls.
My plan is to get started near the open today and buy both stock and options, hopefully near my target entry price I list below.
COIN set a low of around $220 last week, after a surge from $200 the week before. If the stock closes under that $220 level, I will use that as a stop loss and exit the trade.
If things go my way, I plan to take quick profits on the stock if I get ahead. I always look to lock in at least (maybe even all) of my options if I can get a 30-50% profit the same day.
Over the next week or so, I think COIN has range up to $250 as my first target and possibly $270+ as the second level to watch.
BA Calls – My Bullseye Pick of the Week
May. 20, 2024
My Trade Plan Details:
- BA May 31 $190 calls near $2.00
- Stop: Close BA below $178
- Target 1: $190
- Target 2: $200
Options up over 80% in just 1 day!
My Reasoning:
Anyways, looking at this week we have a major earnings report coming out for BA on Wednesday night.
That is going to likely show us the next direction for the market. I don’t want to make too many guesses on that. I don’t think tech stocks are the place I want to be this week with that event coming up.
As I look at other sectors, there are several looking good right now.
But, this week, I especially like a company that has been in the news a lot this year (mainly for Bad reasons), but it is showing all the signs I would look for on a reversal, and I think it deserves attention right now.
My Bullseye pick that I want to buy this week is (BA) calls.
My plan is to get started buying both BA stock and options near the open today, hopefully, somewhere near my target entry price I posted below.
I will probably buy a sizeable position, and try to flip out of it during the day if we see a nice rally if I can get 30-50% on the options.
If things go against me, I plan to use a closing price under $178 as a stop price for my trade.
VKTX Calls – My Bullseye Pick of the Week
May. 13, 2024
VKTX options up over 74% in just 3 days!
My Trade Plan Details:
- VKTX May 24 $80 calls near $2.70
- Stop: Close VKTX below $70
- Target 1: $80
- Target 2: $85
My Reasoning:
This week, I am straying away from what I would call a “perfect setup” on the price chart.
I am going more with my gut on this trade. I have been following this stock closely for the last six months, and I have had pretty good results with it. In fact, it is the stock I have booked the most profits on this whole year!
I am hoping to add to it today as well.
This is a stock that is trying to become a leader in the “fat loss” space, which is basically owned by NVO and LLY right now (I love those stocks too, btw)
I have a lot to discuss regarding this stock in our live session at 11 a.m. today, so make sure you join me for that.
My Bullseye pick that I want to buy this week is (VKTX) calls.
My plan is to get started with both calls (hopefully near the target price below) and also VKTX stock near the open.
I will be looking at a closing price under $70 for my stop loss on this one. That has been the recent support level, so I need to respect that if it breaks again.
If the stock moves higher today, I plan to scale out of some (possibly all) of my positions into strength.
This is one of my favorite stocks, and I hope to hold at least a portion of the contracts for a multi-day run, if it works out.
I think $80 is a good upside target (it traded at that level a lot last week), and then somewhere above $85 as target #2 if things really start to move.
CAVA Calls – My Bullseye Pick of the Week
May. 6, 2024
CAVA options up over 146% in just 5 days!
Entry $1.80m high $4.44
My Trade Plan Details:
- CAVA May 24 $78 calls near $1.80
- Stop: Close CAVA below $68
- Target 1: $78
- Target 2: $82
My reasoning:
For this week’s new trade, I’m going with a stock that is in pure breakout mode.
This stock is defying all the skeptics and breaking out to all-time highs.
This is an excellent setup, and the stock has a high amount of short interest behind it too (we’ll talk about why that is important today also).
My Bullseye pick that I want to buy this week is (CAVA) calls.
My plan is to buy CAVA stock and also buy a half-sized position in the call options I have listed below, hopefully near my target price.
I would like to save room so I can add to this position if it dips to around $70 in the next couple of days.
CELH Calls – My Bullseye Pick of the Week
Apr. 29, 2024
CELH options up over 345% in just 13 days
My Trade Plan Details:
- CELH May 17 $80 calls near $3.30
- Stop: Close CELH below $70
- Target 1: $78
- Target 2: $82
My Reasoning:
This week, I am revisiting a former “rockstar trade” I shared with you a few months ago (the options made a 700% move higher after I picked them a couple of months ago!)
The story here is still excellent.
I think the stock has bottomed out and is ready to resume the uptrend if the market can hold up this week.
My Bullseye pick that I want to buy this week is (CELH) calls.
My plan this morning is to start a half-sized position on the CELH calls I listed below. Hopefully, at or near the entry price I listed.
As usual, I’ll send you an app alert as soon as I get filled on the trade and updates on the position during the week.
If this trade doesn’t work out for me, I plan to take a loss if CELH closes under $70, which has been a strong support level.
If things work out well, then I think CELH can hit $78 as my first target and even $82 over the next couple of weeks. That should lead to a triple-digit profit if I am right.
CPNG Calls – My Bullseye Pick of the Week
Apr. 22, 2024
Options up over 120% in just 5 days
My Trade Plan Details:
- CPNG May 3 $23 calls near $.30
- Stop: Close CPNG below $21.50
- Target 1: $23
- Target 2: $24.50
My Reasoning:
Instead of trying to pick the bottom on stocks, I want to stick with trends that have been moving up even in the face of a bad market.
That is exactly where I landed this week – a very strong, uptrending stock with great institutional ownership.
My Bullseye pick that I want to buy this week is (CPNG) calls.
My plan is to get started with a half-sized position on CPNG this morning somewhere near my target entry price below.
Then, I’d like to add to this tomorrow or Wednesday, if the stock is flat or lower, but still above my stop loss price of $21.50 for the stock. Remember, I am always looking at closing prices, not intraday.
If things go in my favor, I think CPNG could be headed for $23, and even $25 as target #2. That would provide a very good return if that happens.
NUGT Calls – My Bullseye Pick of the Week
Apr. 15, 2024
NUGT didn’t work out, only up 19% before fading away
My Trade Plan Details:
- NUGT May 3 $42 calls near $1.80
- Stop: Close NUGT below $37
- Target 1: $42
- Target 2: $45
My Reasoning:
So, while I am leaning to the bearish side right now, I am ready to switch gears pretty quickly and start buying stocks again in anticipation of the next breakout if the markets do react well this week.
I am not going to get faked out by big one-day moves like we’ve been seeing. That is how amateurs get shaken out of trades.
While it is always possible, I just don’t see a sustained rally as the most likely move right now, so I am going to stay on the defensive.
Some of the most defensive stocks out there are in strong bull trends right now. While it is tough to buy a stock after it has moved up for a few weeks, I don’t see any reason why the trends should stop right now.
One of the biggest uptrends we have seen over the last month has been rising gold prices, and I think they will continue moving up after the pullback we saw on Friday.
If you have followed me any length of time, you probably know what my favorite trade to make is when I want to buy gold stocks…
My Bullseye pick that I want to buy this week is (NUGT) calls.
My plan for the trade is to get started with a half-sized position on the options I list below, somewhere around the target entry price.
RDDT Calls – My Bullseye Pick of the Week
Apr. 8, 2024
RDDT Calls up 29% in one day before falling away
My Trade Plan Details:
- RDDT Apr 19 $55 calls near $1.50
- Stop: Close RDDT below $44
- Target 1: $55
- Target 2: $63
My Reasoning:
This is a tough week for ideas. I think interest rate jitters are going to keep a lid on the market moving higher overall, but I don’t see a lot of reason to think things are going to break down, either.
I have been having a lot of success with strong trends like energy and miners lately, but those trends are so extended now that I don’t think right now is a good time to start a new position.
Instead, I am going after a stock that has proven it can make some very big moves, yet the stock has been suspiciously quiet over the last week or so.
I think there is a very big upside potential with this one, while keeping my risk relatively limited.
Love it or hate it as a company, this week my pick is…
My Bullseye pick that I want to buy this week is (RDDT) calls.
My plan for the trade is to get started with a half-sized position on the options I list below, somewhere around the target entry price.
RDDT is a very volatile stock, so the options on it are very expensive compared to options on other stocks around the same price level.
Keep that higher price and volatility in mind. Personally, I am not going to trade as big of a trade size as usual because of that volatility.
If this trade doesn’t work out, I am keeping a relatively tight stop on the trade. If RDDT closed under $44 (which is below the recent support), then I plan to take a loss on this trade.
If things work out, I think there is a lot of upside ahead vs the downside risk.
I think RDDT could see a move to $55 if a rebound starts soon, and even $63+ as target #2.
VST Calls – My Bullseye Pick of the Week
Apr. 1, 2024
VST options up over 150% in just 4 days
My Trade Plan Details:
- VST Apr 19 $75 calls near $1.20
- Stop: Close VST below $68
- Target 1: $75
- Target 2: $78
My Reasoning:
There are so many stocks in those sectors that have been making big moves this year, and with the breakout momentum on those indexes now, I think we have another 1-2 week window where they will continue to work.
Honestly, this week I found a lot of good ideas out there. The biggest problem I had was landing on a single idea.
This week’s pick is benefiting from the surge of AI data centers, and they don’t make microchips or hardware.
My Bullseye pick this week I want to buy is (VST) calls.
My plan today is to start with a half-sized position on the VST calls I detail below, hopefully near my target price.
I will save room to add to this position if VST slips to around $69-70 soon.
If I am wrong, I think I will use a closing price under $68 as my stop loss on this trade.
If things go in my favor, then I hope to see $75, which is just past the previous high for the year of $73. Then, I think around $78 is a good spot for target #2.
WING Calls – My Bullseye Pick of the Week
Mar. 25, 2024
WING options up over 87% in just 1 day!
My Trade Plan Details:
- WING Apr 19 $380 calls near $6
- Stop: Close WING below $335
- Target 1: $370
- Target 2: $385
My Reasoning:
This week, I am steering clear of the tech sector once again. I think the market needs another week to decide if this new trend is going to hold up or not.
So, I am going with the chicken stock that trades like an AI-stock. Really, if you haven’t looked at this chart recently, you will probably be shocked at how strong it has been.
After a brief pullback, I think the rally looks ready to resume.
My Bullseye pick this week I want to buy is (WING) calls.
I will say that WING trades at a crazy valuation, and has been a very frustrating trade for bears who are betting against it.
Today, my plan is to start with a half-sized position on the WING options I detail below, hopefully somewhere close to my target entry price.
I would like to add to this trade if WING dips to around $345 level.
If WING looks like it will close below $335, I am going to use that as a stop-loss area.
If things work out well, I would like to take profits near the $370 level, and possibly even $385 as target #2.
Remember, there are no weekly options available on WING right now. The contracts I am looking at have more than three weeks until expiration, which is nice because I have the option to hold these contracts longer than normal.
HOOD Calls – My Bullseye Pick of the Week
Mar. 18, 2024
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!
ERX Calls – Your Bullseye Pick of the Week
Mar. 11, 2024
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.
ARM Calls – Your Bullseye Pick of the Week
Mar. 4, 2024
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.
COIN Calls – Your Bullseye Pick of the Week
Feb. 26, 2024
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.
CELH Calls – Your Bullseye Pick of the Week
Feb. 20, 2024
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.
ELF Calls – Your Bullseye Pick of the Week
Feb. 12, 2024
My Trade Plan Details:
- ELF Feb 23 $185 calls near $2.50
- Stop: Close ELF below $168
- Target 1: $185
- Target 2: $195
Options up over 68% in just 1 day!
LEN Calls – Your Bullseye Pick of the Week
Feb. 5, 2024
My Trade Plan Details:
- LEN Feb 16 $155 calls near $2.00
- Stop: Close LEN below $150
- Target 1: $158
- Target 2: $165
Options up over 125% in just 6 days
COIN calls – Your Bullseye Pick of the Week
Jan. 29, 2024
My Trade Plan Details:
- COIN Feb 9 $135 calls near $3.00
- Stop: Close COIN below $120
- Target 1: $140
- Target 2: $150
Options up over 213% in just 10 days
LLY calls – Your Bullseye Pick of the Week
Jan. 22, 2024
My Trade Plan Details:
- LLY Feb 2, $645 calls near $5.80
- Stop: Close LLY below $620
- Target 1: $645
- Target 2: $660
Options up over 330% in just 10 days
IWM puts – Your Bullseye Pick of the Week
Jan. 16, 2024
My Trade Plan Details:
- IWM Feb 2, $188 puts near $2.00
- Stop: Close IWM above $196
- Target 1: $186
- Target 2: $182
My Reasoning:
A “tired” market doesn’t necessarily mean things are headed lower. I often see a market like this trade sideways for a while and digest the recent gains. That can result in a lot of back-and-forth trading action, and it can be very frustrating for traders as they wait for a clear direction.
When I look at the bigger indexes like QQQ and SPY headed into this week, I still think things are undecided on the direction. Things are clearly leaning towards the bears right now, but when you look under the hood at market leaders, they still are looking strong.
Now, when you look at interest rates and bonds, you see a different picture. The Fed’s stance of “higher for longer” when it comes to rates is clearly having an impact on interest rates right now.
That is causing traders to reverse bets on interest-rate-sensitive stocks as they wait for the Fed to make the next move.
One of the most sensitive stocks to rates right now is IWM, which is and ETF that is loaded with regional banks and small-cap stocks.
Those money-losing companies react very poorly to higher rates, and you will see that when you look at the IWM chart over the last few weeks.
I hate to say it, but I see all the signs that IWM is going to continue to head lower.
So this week, my top idea is…
My Bullseye pick this week is to buy (IWM) puts.
My plan for the week is to get started with a half-sized position on the IWM puts I am targeting (listed below), somewhere near the market open.
Then, I want to add to this trade if IWM trades up near $193-194.
AMD calls – Your Bullseye Pick of the Week
Jan. 8, 2024
My Trade Plan Details:
- AMD Jan 19, 2024 $145 calls near $1.65
- Stop: Close under $136
- Target 1: $144
- Target 2: $146
AMD options up over 1350% in just 9 days!
My Reasoning:
One of the strongest sectors that looks like it will lead the market higher is semiconductors.
It is tempting to go with NVDA when you want to trade semis, but I think that stock has already made a significant move from the lows. It will probably still go higher, but I think there are other strong stocks that can make a bigger percentage move this week.
It’s a big list, but based on implied volatility and option liquidity, I am going to go with…
My Bullseye pick this week is to buy (AMD) calls.
I am generally bullish this week. I don’t think this market is going to suffer another loss like last week. Buyers seem to be returning, and I think it will carry us higher for a while.
NFLX puts – Your Bullseye Pick of the Week
Jan. 2, 2024
My Trade Plan Details:
- NFLX Jan 19, 2024 $470 puts near $5
- Stop: Close over $495
- Target 1: $465
- Target 2: $450
My Reasoning:
The QQQ is now trading under the 20-hour moving average for the second day now. That is a bearish signal, and you need to pay attention to that.
Because things are slipping, I want to get on the short side of things this week. Of all the large tech stocks, I think NFLX has the most downside potential right now.
They had bad news come out today about subscriber growth, and I don’t think that is fully baked into the price of the stock yet. That is the main reason that…
My Bullseye pick this week is to buy Netflix (NFLX) puts.
Today, my plan is to get started with a position on NFLX near the open. I would like to save some room to add more contracts if NFLX bounces to the $485 area.
Remember, this is a week I am betting against NFLX, so I am buying puts and hoping it continues to go lower.
If I am wrong, NFLX will shake off the news today and resume its uptrend. For me, that would mean a close above $495 for the stop loss on this trade.