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.

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.

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 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 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 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.

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 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 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 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.