Get Back To Work!!
Stack on a Monday. A little different, just like trading on a shortened week like this week. Premiums will decay faster, so buying time is a good option as always, but you can also take advantage of weeklies on short weeks as well. The majority of earnings for the quarter has concluded, so the long term focus will be to the September rate announcement.
Short term we have JOLTS on Wednesday. Friday brings the Fed favorite NFP and the Unemployment rate. We may be in for another choppy week with wild moves as the market seems hesitant as it waits for the supposed “slam dunk” rate cut.
As always, just stick to the Stack and you will be banking. Set your levels and alerts, and let’s have a great trading week!
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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 BANK!
TSLA
TSLA 0.00%↑ weekly looking all snug, smack in the middle of this consolidating wedge with the weekly hammer candle. It might be time for Tessy to head under 200, but let’s take a look at my plan for the week.
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