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Trade Ideas for Week of 2022-08-29: $AAPL $NFLX $SPY $NVDA $SNOW $BABA 

 August 28, 2022

By  spectre_trades

Amazing Trades This Week!

Finding opportunity in the market mayhem

$SPY - Powell 1970s Mention Dump

PLAN

 Friday SPY 412P on pushes into 419  stop 420

Target 3-7 

EXECUTION

0.20 Average Entry
0.10 Stops
$5 Average Exit
RESULT

4800% ROR

$SNOW - Earnings winner

PLAN

accumulate 195 calls for 2.50 stop 1.50
Target  200-210

EXECUTION

2.50 Average Entry
1.50 Stops
$6 Average Exit
RESULT

350% ROR

$SPX - Bear Put Swing Update 

PLAN

  SPX Oct 31 3700/3500

Vertical Puts for $10-13

Target 100-200

EXECUTION

12 Average Entry
8 Stops
$26 current price
RESULT

350% ROR

(so far)


$NVDA - Flip Long on being wrong

PLAN

  NVDA 175c for 1.85 

Target 178+

EXECUTION

1.85 Average Entry
1.35 Stops
$3.80 Average Exit
RESULT

390% 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

$NFLX - Support break at 224

Negatives

  • Bearish Engulfing Candle 
  • Possible 224 support break

Plan

Take 220 or 215 puts target 200 and 210 levels 


SPY - Possible Weekly Exhaustion/Reversal

Negatives

  • Weekly Doji
  • Aggressive Fed Stance again inflation
  • Increased Inflation in Europe
  • Dollar is Strong
  • Fed reducing balance sheet from $35B to 90B in Sept

Concerns

  • Worried too many people are scaled up for a short dump in September
  • MOC sell size was relatively small

Plan

400 is critical this week.  a break of this likely take 397 puts, with goal of sub 390, with potential panic sell into 380s

if 400 holds, may consider long for a bounce into 404/408 levels and then reshort.  reclaim over 412, could restore upside potential.

NOTE:  We alerted and entered Oct 31 bear 3700/3500 vertical put at $10-13+.  over $26 now, do we get $200

AAPL - Could see 150-155 this week

Negatives

  • selling with market
  • large rally, and setup for multi week down trend

Plan

ideally get 165-166 retest for a short entry taking 160p for under $0.5  ideally


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.

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