My Bullseye pick this week is to buy (PLTR) call options.

PLTR Calls near $2.40 –  7  days later $4.60 = 91 %

My Reasoning:

My Trade Plan Details:

• PLTR Mar 28 $95 calls near $2.40
  
• Stop: Closes PLTR below $83
• Target 1: $95
  
• Target 2: $105
  

I didn’t have high hopes for the market last week, and sadly, that proved to be the correct call.  

Even with a HUGE rally on Friday, the markets still ended the week significantly lower.

I was on vacation and didn’t trade much during the week.  It was a much-needed time for me to relax and reset after this very tough year of trading.

While I still don’t trust the markets much overnight right now, I am somewhat optimistic that we can have a positive week overall.  

So many of the tech stock charts I look at are suggesting higher moves. I would be shocked to see new lows for the year (this week, at least) unless there is some new news out of the blue.

With so many great-looking rebound charts out there, I am especially drawn to PLTR, which has been fighting in the $80-90 range for around three weeks now.

I think if the stock can finally close above $90, we could see a nice move higher.