Prime Playbook
April 24, 2025 Volume 132 "The Pick Is In Edition"
U-Turn
Another week coming to an end and my brain hurts once again. After trashing Powell Sunday and Monday and plunging the market, Trump took some bipolar pills after his buddy Elon and TSLA had absolutely trash earnings on Tuesday. At any other point in my trading career, TSLA would have dumped $50+ off of those numbers.
But we are not in normal times. Somehow Trump starts backtracking on tariffs and just about every other stupid threat he’s made, and the market rips. And it’s still ripping. And I still have to question “how and why?”. Nothing has changed. It’s still just more words. So in my opinion, trade with caution until 2028.
Tonight we have the 1st round of the NFL Draft, and there will be at least 2 GREAT PICKS coming from Penn State. I also came from Penn State, and my PICK$ always slap! Look at COIN from this past Sunday. If you got in to that you are sitting pretty right now.
I have a bunch of great ideas for Lotto Friday as always. With VIX lower than we have been seeing it’s a good time to indulge, while still making sure to secure profits along the way. 10 baggers incoming tomorrow!! Let’s get to the goods.
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My Charts
Over Green line = Entry for Calls
Under Red line = Entry for Puts
Dash/Dot Blue line = Price Targets
Orange Dash/Dot line = POC (Point Of Control)
Purple line = Dark Pool
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 BANK!
IWM
IWM 0.00%↑ daily bull flag at a critical level in to tomorrow. 195 is a big pivot spot, but if we can move higher we head for the treandline and 200 level. If we don’t break and hold over 195 we can sink lower. Here’s the plan for tomorrow.
Calls over $195.00
196c & 197c on watch
PRIME STYLE: 199c
Puts under $193.75
193p & 192p on watch to the downside
PRIME STYLE: 190p
ELF
ELF 0.00%↑ weekly falling wedge breakout. If there is any truth to tariffs being reduced or called off with China this is one of the names that will benefit greatly. Tomorrow we are watching for continuation of the breakout over 60. Failing 60 we head back to retest the breakout.
Calls over $61.25
62c & 63c on watch
PRIME STYLE: 5/16 75c
Puts under $60.00
59p & 58p on watch here
TSM
TSM 0.00%↑ daily bull flag breakout today. If we can continue the breakout tomorrow this can be a real cheap big bag type of play. Breakdown sees us heading back to the trendline. Here’s my thoughts for tomorrow.
Calls over $164.50
167.5c & 170c on watch here
PRIME STYLE: 5/2 175c
Puts under $161.75
160p & 157.5p on watch
DELL
DELL 0.00%↑ weekly bull flag is a sexy chart especially with the strong weekly bullish candle. This can continue the strong week tomorrow as buyers have dominated at this bargain share price off the lows. If we don’t break the prior weekly high at 95.75 we can move lower. Here’s the plan.
Calls over $95.75
96c & 97c on watch here
PRIME STYLE: 100c
Puts under $93.50
93p & 92p on watch
