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
