Amazing Trades This Week!
Finding opportunity in the market mayhem
$SPY - 390 failed breakdown reversal
PLAN
9/8 SPX 3950c on 392.60 hold
Target 3980
EXECUTION
6.50 Entry
3 Stops
$30 Last Exit
RESULT
830% ROR
$SPY - 390P continuation
PLAN
9/8 3900p for fail on 392.60
Target 380
EXECUTION
6 Average Entry
4 Stops
$4 Average Exit
RESULT
-33% CV
$SPY - Swing Short Closed, looking for reentry
PLAN
SPX Oct 31 3700/3500
Vertical Puts for $10-13
Target 100-200
EXECUTION
12 Average Entry
36 Exit
RESULT
600% ROR
looking to reload under $12
$TSLA - long on 281 reclaim
PLAN
TSLA 285C
Target 295+
EXECUTION
2 Average Entry
1 Stops
$5 Average Exit
($14 peak if swung)
RESULT
300% ROR
1200% if swung
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
OVERALL THEME: Overall looking for gap up reversal and waiting on reaction to CPI data. May position short 20% size ahead of numbers.
$TSLA - Testing 300 - Does it reclaim?
Positives
- looks like strong failed breakdown reversal
- reclaimed 200d sma
Plan
if 303 turns into support 305 target 310-314. over 315, target 330-345
Concerned about market, but if it decides to rally more, this could have nice moves.
$SPY - Looking to reposition short into rally started last week
Negatives
- CPI numbers per Cleveland by come in hot (opposite of market sentiment)
- Short squeeze exhaustion from 390 bounce may trigger
- Fed reducing balance sheet from $35B to 90B in Sept
Concerns
- Market reaction to CPI is unkown
- reclaim of 50d sma.
Plan
410 Gap tested Sunday night. Overall we could squeeze harder than many expect. technically the 50dma reclaim could bring money for upside. Looking to short each key level, but might need to wait for catalyst which if right, could trigger multi day or week drop.
$MDB - if market strong does it fill gap?
Negatives
- selling with market
- lowered guidance
- shorts trapped
Plan
if holds over 274 will consider long for squeeze to fill gap otherwise, push fail and 270 rejected will consider swing short.
