THE NEXT BULLSEYE TRADE DROPS IN:
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*I want to emphasize that I have estimated the Max profit potential of these trade plans. These do not represent my personal, realized profits (except if noted). Options trade in a huge range from opening to expiry, and exact profits and losses depend on when the trade was entered and when exited. Trading is hard, results not guaranteed and should not be expected to be replicated typically.

Jan. 21, 2025

UPST – My Bullseye Pick of the Week - Bullseye Pick of the Week


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%

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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.

Jan. 13, 2025

DJT – My Bullseye Pick of the Week - Bullseye Pick of the Week


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.

Jan. 6, 2025

UBER – My Bullseye Pick of the Week - Bullseye Pick of the Week


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.

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