Prime Playbook

November 7, 2024 Volume 89 "Stocks Only Go Up Edition"

Moonshot

Well, the last 2 days have been just an absolute face ripper. We have been in serious “stocks only go up” mode for quite some time. Is this the exclamation point on the current run?

I’m not suggesting jumping in front of a freight train and loading up on puts automatically. Sometimes when the market runs traders get lost in the euphoria and get the rug pulled on them. Don’t be that person is all that I’m saying. In other words, always trade the chart.

Onward we go and LOTTO FRIDAY has me very excited! With VIX so low, contracts will be way cheaper than we have seen in quite awhile. That means very low risk and still VERY BIG reward potential exists all over the board. I’ve got the PRIME setups inside as usual to bring home the big bags on my favorite day of the week.

LET’S BANK!

---

My Charts

Over Green line = Entry for Calls

Under Red line = Entry for Puts

Dotted Blue line = Price Targets

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 get paid!

---

---

PDD

PDD 0.00%↑ 4 hour bullflag testing the upper trendline. This is one of the names where premiums are still pretty high in comparison to the market, so a big move could be brewing. There is a daily gap above to fill. Here is what I’m thinking for tomorrow.