Prime Playbook
August 1, 2024 Volume 62 "Big Timber Edition"
Daddy Did It
In typical fashion, Daddy Powell showed up this week, the market reacted irrationally, and then took an absolute nose dive when it woke up and smelled the reality in the air. Another FOMC meeting passed, zero action was taken, and then data today said “Hey Jerome, you should have cut!”.
Vix went bananas all day long, and the market gave back all of yesterday and then kept going. It has been a truly volatile past 2 weeks, but the good news is that tomorrow is still LOTTO FRIDAY!
Tired of expensive premiums this week? No worries, I’ve got the stack loaded with cheap lottos and killer charts as always. So set your alerts and levels, and let’s bank tomorrow!
My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dotted Blue line = Price Targets
Blue Boxes = Demand Zones
Red Boxes = Supply Zones
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 get paid!
TDOC
TDOC 0.00%↑ weekly falling wedge. Made a new all time low today so this is on the radar for a bounce tomorrow, and the contracts will be dirt cheap. This is what I am looking for.
Keep reading with a 7-day free trial
Subscribe to PRIME PICK$ to keep reading this post and get 7 days of free access to the full post archives.