Prime Playbook

June 27, 2024 Volume 52 "Dumb & Dumber: Master-Debater Edition"

The Circus is in Town!

I don’t watch much TV, but the debate tonight is pure comedy gold. Literally a full blown 3-ring circus. Just like the markets this week!

We’ve seen names like PANW rip once it hit the earnings gap down. The PANW 330c were in the Stack on Sunday, they are over $1,000 per con now…

Crypto seemed to be heating up today, with BTC back over $61,000 at close today, so those names are on watch for nice lotto ideas tomorrow. BUTTTTTT…first we have

PCE

Powell’s favorite. This will pretty much determine the day, but either way it goes you have the Stack. So set your charts and let’s make BIG money on my favorite day of the week: LOTTO FRIDAY!!

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My Charts

Over Green line = Entry for Calls

Under Red line = Entry for Puts

Dotted Blue line = Price Targets

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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AFRM

AFRM 0.00%↑ nice consolidation in this 4 hour descending triangle. Coming in to make or break time as we look to see if it holds the higher low and bounces, or if it falls lower and out of the trendline. Here’s my setup.