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
