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.