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Prime Playbook

Prime Playbook

June 30, 2024 Volume 53 "Second Half Edition"

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Primerano40x "Prime Minister"
Jul 01, 2024
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We’re Halfway There

Well, here we are. Halfway through 2024 already, and the game is heating up! This week is looking like a lot of fireworks, but it is probably some of the cheap kind that end up leaving you with 7 fingers…so trade lightly or buy time is the theme of this week.

We will close at 1 pm on Wednesday, and the market will be closed all day on Thursday for the 4th of July. Friday the market will be open, probably with abysmal volume, and your weekly cons will most likely be fried, like your drunk uncle that passes out in the plastic lawn chair for 8 hours at the family cookout.

RED AF

Tuesday morning we start off with Powell at 9:30 am - nice timing, asshole!

And about those weeklies, here’s the real kick in the cojones.

On Wednesday the Fed will release the FOMC minutes. At 2 pm. 1 hour after the market closes - nice timing, assholes!!

I’m not saying you can’t play weeklies or swing, just be smart and follow the Stack along with your charts.

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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.

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RBLX

RBLX 0.00%↑ daily with tight consolidation, pressing in to the remaining gap to fill above. Buyers are stalling here. Can the bulls push through, or will the bears shove this back down to the trendline again. Here’s what I’m looking for.

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