WILD WEEK INCOMING!
We already had a LOADED slate of earnings coming in to this week, along with an overload of data, including GDP & PCE. NOW, we have a presidential candidate dropping out. If you bought calls on VIX at some point you will probably be a very happy person tomorrow!!
Companies that report this week include: TSLA, GOOGL, V, UPS, KO, CMG, IBM, TXN, VKTX, RTX, LMT, GD and many more (earnings calendars are always at the end of the Stack). That is enough to shake the market on it’s own, before all the added volatitly.
So what am I saying? This week will be risk off for me. Contracts will be expensive compared to what you have gotten use to the past 6 months. Your wins can be bigger, but so can your losses. If you are not comfortable, don’t force it. The market will be here tomorrow.
However, you have PRIME PICK$, and all we do is win in here. So let’s see what I have cooking for the week ahead.
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted Blue line = Price Targets
Price targets are not the same as option strikes.
Price targets are where I believe the chart can/will go.
The strikes I suggest are what I think provide the best risk/reward to make money.
Let’s BANK!
CRWD
CRWD 0.00%↑ weekly. Yep, we are diving head first in to the forest fire from Friday. I’ve had some dialogue with some IT people this weekend, and it sounds to be largely fixed with some exceptions. As always, stick to the levels, but I like that demand it hit on Friday, so here’s my plan.
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