TEM – My Bullseye Pick of the Week - Bullseye Pick of the Week
My Bullseye pick this week is to buy (TEM) call options.
TEM calls near $2.30 – 8 days later $5.90 = 156%
My Reasoning:
My Trade Plan Details:
- TEM April 25 $47 calls near $2.30
- Stop: Closes TEM below $40
- Target 1: $48
- Target 2: $52
The market continues to be extremely volatile, but is showing signs of strength over the last few days.
I still expect stocks to bounce around a lot, but I think the worst is behind us.
If you are a brave soul, this market might present some excellent rebound opportunities if things continue to grind higher.
There are so many charts right now that are worthy of attention. I think it is very tempting to keep things simple and just buy QQQ on dips and sell into rallies.
One of my favorite setups right now is with a small AI company that is starting to break out of a nice consolidation phase.
If the stock can break past $45, I think there is a lot of upside ahead of it.