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.

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!

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

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

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

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.

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.