Prime Playbook

September 5, 2024 Volume 71 "NFL Edition"

The NFL is BACK!

Tonight the NFL returns, with the Ravens looking to tell Kermit and Swifty to sit down and STFU! Kind of like what all of you probably feel like this week with the market. The volatility has been nutty. NFL could stand for “Not For Long” this week when it comes to going up. It happens, but Not For Long!

Tomorrow we get the unemployment number and the NFP (Non-Farm Payroll) number as well. The market has seen a lot of selling all week in anticipation of this readout, so pay attention to the reaction pre-market.

We are now only 2 weeks away from the FOMC/rate decision, so I expect volatility to continue. As always, especially on Lotto Friday, stick to the Stack and put money in the bank!

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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!

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AI

AI 0.00%↑ weekly hit a new 52 week low today, but held the lower trendline in this consolidating wedge. This could be a low key ripper if it can find buyers again at this level. Here is what I’m planning for tomorrow.