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