.st0{fill:#FFFFFF;}

Highlights for Week Ending 2022-08-19: $SPY $BBBY $TSLA $OXY 

 August 20, 2022

By  spectre_trades

Amazing Trades This Week!

Finding opportunity in the market mayhem

$SPY - Rally Exhaustion

PLAN

accumulate Friday SPY 425p on pushes over 428/429
Target 420-422 

EXECUTION

0.80 Average Entry
0.40 Stops
$3 Average Exit
RESULT

750% ROR

$TSLA - dip and rip

PLAN

accumulate 970 calls for 1.50 stop 1  
Target  980-100

EXECUTION

1.80 Average Entry
1.40 Stops
$1.40 Average Exit
RESULT

-33% CV

*contracts hit $3.50 before failing for 400% ROR, goal was to sell for 10 to 20

$OXY - Buffet 50% stake alert 

PLAN

  OXY 69c for 0.30 risk 50%

Target 71-73

EXECUTION

0.40 Average Entry
0.20 Stops
$2 Average Exit
RESULT

800% ROR


$BBBY - Cohen liquidation

PLAN

  BBBY 17p for 0.70 risk 50%

Target 10-14

EXECUTION

0.7 Average Entry
0.35 Stops
$5 Average Exit
RESULT

600% ROR


ROR: Reward over Risk        CV: Contract Value

(Disclosure:  Simulated Results based on Plans shared, Actual Execution and Results May Vary) 

Stocks I'm watching this Week

OXY - Buffet Approved to increase stake to 50%

Positives

  • Large Volume Increase
  • Increased Mentions r/wallstreetbets
  • Retail activity increased 500%
  • Large stake investment by well known long term investor

Plan

Watching dips this week either on 69 on 71.50 for new all time highs.  75-80 this week is possible.  Alerted swing 70c 8/26 in 1.30-1.60 area on 8/19, 

SPY - Possible Weekly Exhaustion/Reversal

Negatives

  • Weekly Doji
  • Multi Month trend line rejected
  • Increased Inflation in Europe
  • Dollar is Strong

Concerns

  • Worried too many people are scaled up for a short dump in September
  • Recipe for a short squeeze may develop

Plan

417.50 is critical this week.  a break of this likely take 415 puts, with goal of gap fill and support test in 408-410 area.  If panic selling comes this week, 400 flush is possible.

if 417.50 hold, I'll consider 419c for a long for a back test of 422/425 levels.  If 425 clears and holds a short squeeze back on 430+ could trigger. I like 422 and 425 as reshort spots.

NOTE:  We started hawking Oct 31 bear 3700/3500 vertical put at $20+.  Our plan to be patient and wait to fill between 10-13 worked.  

BBBY - Possible Gap Down Reversal Short Squeeze

Negatives

  • Major investor liquidated
  • Short squeeze exhausted

Plan

Watching for possible gap down reversal for short covering at 5 and 7.50 levels rip targeting 10-12.  This is very high risk! The trade may not setup.  Stay tuned


Recent Blogs

The stock market is a platform that connects buyers and sellers of shares, allowing them to trade at fluctuating prices. However, at the end of each

Banking with PlanningMy original thesis of 403.70 would hold for more consolidation was wrong, so when that level broke on volume, I started Planning.List of Steps

spectre_trades


Momentum Trader. Technical Chart Analyst. Always on the hunt for 3x or better reward to risk.

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Subscribe to our newsletter now!

>